The Australian Stockbrokers foundation since inception has raised more than $8 million which has been donated to a variety of charities.
It was over 20 years ago that a group of brokers gathered in the Grosvenor Place board room of Prudential Bache to discuss how we could assist an approach from John Menadue (then chairman of QANTAS and a patron of The Matthew Talbot Hostel) to assist in the refurbishment of The Talbot’s main facility in Riley Street Woolloomooloo.
We had no idea that this legacy would continue for more than twenty years. Australia was emerging from an ugly recession and foreign investment banks were buying out local broking houses following the failure of the Aussie banks’ foray into stock broking.
Nevertheless, an Event Committee was formed, plans were made and the first Stockbrokers Awards dinner was held at the Regent Hotel, with $160k raised for The Talbot. Buoyed by this success it became an annual event, and it continues to be the largest gathering of stockbrokers each year.
Every year the tradition continues and the Australian stockbroking community gathers in Sydney to raise money for charity. More than five hundred industry practitioners gather to open their hearts (and their wallets) for those less fortunate members of our community.