The Moral Crossroads of Asset Management

Toby Nangle discusses his departure from asset management after realizing the ethical implications of managing money for authoritarian regimes. He highlights significant events, such as the assassination of journalist Jamal Khashoggi, which prompted him to reassess his professional contributions and values. Nangle reflects on the discomfort of serving clients who were implicated in heinous actions, suggesting that asset managers contribute to these regimes' power by enhancing their wealth. He emphasizes the dilemma of reconciling professional duties with personal ethics, raising questions about where to draw the line when it comes to complicity in unethical practices.