Sebastian Riser, CFA, works as a portfolio manager for Swibank, a small private bank in Switzerland. Riser manages the accounts of his clients according to best practices, keeping clients’ interests before those of the bank and his own. He allocates investments in a fair manner when he deems them consistent with the stated objectives and constraints of clients.
Swibank has a Luxembourg subsidiary, which distributes fund-of-funds products. Riser recently received a request to serve on the board of directors for the subsidiary. In this role, Riser would advise management on business strategies; market opportunities; potential clients; and current and prospective fund managers. For his role on the board, Riser would receive an annual payment directly from the subsidiary equivalent to 5% of his total portfolio manager salary in Switzerland.
According to the CFA Institute Standards of Professional Conduct, before accepting the position on the board of the subsidiary, Riser should:
receive verbal consent from Swibank.
receive verbal consent from his clients.
disclose to his employer the financial compensation proposed by the subsidiary
此题关于additional compensation，我记得基础课讲得时候是说与现在雇主业务有竞争关系的才是additional compensation，需要雇主同意，比如业余时间捡垃圾的收入是不需要取得雇主同意的，此题他的兼职与雇主业务并没有竞争关系，为什么要雇主同意呢，不知是不是我记错了？（课件讲因为此兼职是由于本职工作获得的，好像基础课没这样讲，而且薪酬和职位并不对雇主本职工作有任何影响，感觉不需要雇主同意）
