Ethics at Harvard – Endowment honors slain banker

A $1 million endowment from HSBC Bank USA will create ethics fellowships at Harvard University, Bloomberg news reports.

The fellowships are named for Edmond Safra, a banker and philanthropist who died in a fire in December 1999.

Safra’s bank, Republic National Bank of New York, was purchased that month for $9.85 billion by HSBC Holdings plc, parent of HSBC Bank USA and the largest bank in the United Kingdom.

Safra was born in 1932 into a banking family in Lebanon. He founded Republic National Bank in 1955.

A philanthropist, he support charities and universities, particularly Harvard, where he created two professorships.

The 67-year-old banker and his female nurse died Dec. 3 after armed intruders broke into and set afire his Monaco apartment. His wife also was killed in the fire. Safra’s male nurse confessed and was charged with arson, Bloomberg reports.

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