World Jewish Relief supporters heard a rare good word for bankers at the charity’s annual business breakfast, which raised £70,000.
Addressing nearly 200 guests at the Sheraton Park Lane Hotel, Prudential group chief executive Tidjane Thiam observed: “Banking has been having a bad time and a bad week. No doubt our sector played a central role in the financial crisis but it is important to remember that a strong financial sector is crucial to finding our way out of the crisis.”
He compared the way the humanitarian aid charity formed partnerships overseas with local organisations to his methods for expanding Prudential into Asia.
Mr Thiam also highlighted WJR’s Livelihood Development Programme in Ukraine and Moldova, which offers vocational training and support to the vulnerable. This, he said, was a fine example of a decentralised business model.