The American College in Bryn Mawr, Pennsylvania, has announced a $2.5 million gift from Cary M. Maguire, chairman and president of Maguire Oil and Maguire Resources, to endow a center for ethics in financial services.
The center, which will be named for Maguire, will work to raise the level of ethical behavior in the financial services industry through programs that help executives and producers become more sensitive to ethical issues and think more critically about solutions to those issues. Julie Anne Ragatz, the interim holder of the Charles Lamont post chair of ethics at the college, will serve as director of the center.
"Advanced ethics education provides today's practitioner with an important framework for analyzing and resolving ethical conflicts," said Larry Barton, president and CEO of the American College. "Financial professionals must be equipped to make well-informed decisions and take appropriate responsible actions."