Record number of investment professionals sat CFA exams | Record number of investment professionals sat CFA exams -
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Record number of investment professionals sat CFA exams

United Arab Emirates: Wednesday, June 20 - 2012 @ 12:57

The exam weekend followed an important week for CFA Institute, as the organisation celebrated the 50th anniversary of the CFA Programme by opening or closing 26 stock exchanges worldwide.

The CFA charter has been the gold standard for investment practice since its inception in 1963, offering professional training in ethics, education and excellence.

A record number of 4077 investment professionals from the United Arab Emirates, Oman, Bahrain, Saudi Arabia, Qatar, Kuwait, Lebanon, Jordan, and Egypt, reaffirmed their commitment to the highest level of professionalism by enrolling for the CFA exams. Around the world, more investment professionals than ever aim to earn the CFA charter, a commitment to uphold the industry’s highest standards of investment practice and to serve investors and the global economy.

The number of programme candidates rose by five percent over last fiscal year (December 2011 and June 2012 intakes), with a total of 219,642 exam registrations. For this exam cycle, registration was up three percent from last June. Regionally, Asia Pacific continues to be the largest source of candidates, with 63,839 registered for the June 2012 exam, accounting for 43 percent of the total. The Americas saw the registration of 53,106 candidates, 35 percent of the total, and 32,796 candidates registered in EMEA (Europe, Middle East, and Africa), accounting for 22 percent of the total.

While the Arab Spring continues to dominate the economic and political landscape in the region, there is new economic growth in the Gulf. With this growth comes a demand for education, and the CFA Institute values of ethics, education and good corporate governance continue to drive investment professionals , based in the region, to enrol for the CFA exams. There are now more CFA charter holders in the Middle East than ever before.

“CFA Institute recently kicked off its year-long celebration of 50 years of the CFA Programme, and we have called on our members to take personal responsibility to restore investor trust and reconnect with the public interest,” said John Rogers, CFA, president and CEO of CFA Institute.

“CFA exam candidates, through their commitment to the CFA Programme, are already taking actions outlined in CFA Institute’s Integrity List, a collection of steps that investment professionals can take to restore trust in the industry. The effects of the global financial crisis have lasted far longer than anyone anticipated, and investors’ trust in financial markets remains at low levels. The ever increasing number of candidates who are dedicating themselves to the CFA Programme are committed to shaping an investment industry that is a force for greater good by placing their clients’ interests first through high standards of professional ethics, and education. Candidates this weekend should feel confident in the difference they can make to the industry.”

The CFA Programme is a self-study programme, considered to be the most rigorous credentialing programme in the investment industry. The CFA curriculum is grounded in the practice of the investment profession and is methodically updated with knowledge, skills, and abilities (competencies) that are relevant to the profession.

The CFA Programme comprises a three-level exam process covering topics including Ethical and Professional Standards, Quantitative Methods, Economics, Financial Reporting and Analysis, Corporate Finance, Investment Tools, Asset Classes, and Portfolio Management and Wealth Planning.

Each level imparts a particular skill set: Level I is focused on investment tools and the foundations of the business, giving candidates the necessary knowledge and comprehension; Level II is focused on asset classes including equity investments, fixed income, derivatives, and alternative investments, emphasizing candidates’ ability in application and analysis; and Level III is focused on portfolio management and wealth planning, requiring candidates to be competent in synthesis and evaluation while making investment decisions.

Find out more about the CFA Programme and how it can help investment professionals to achieve professional excellence for an impactful career.

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Wednesday, June 20- 2012 @ 12:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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