CFA Emirates marks CFA Day on 16th June

On June 11, 1947, representatives from financial analyst societies from Boston, Chicago, New York, and Philadelphia in USA joined forces to form the National Federation of Financial Analyst Societies (NFFAS) to promote the exchange of ideas, develop a code of ethics, and support the welfare of the societies and their members. NFFAS' name was later shortened to the Financial Analysts Federation (FAF).

In 1990, the FAF merged with the Institute of Chartered Financial Analysts (ICFA) to form the Association of Investment Management and Research (AIMR), which is now CFA Institute.

"As CFA Institute, its members, and its societies worldwide reflect upon the many changes in the industry and profession that have occurred over the past 60 years, it is remarkable how the NFFAS' goals are still applicable today," said Jeff Diermeier, CFA, president and CEO of CFA Institute. "This demonstrates that while the industry has evolved the framework of ethics and professional excellence that embodies the foundation of the industry remains the same."

Today, CFA Institute has 91,000 members from 134 countries and is recognized worldwide as the administrator of the "standard" for investment professionals - the Chartered Financial Analyst® (CFA®) examination program. It also is a leading provider of professional development publications and conferences and is the voice on issues of fairness, efficiency, and investor protection for global capital markets through the CFA Institute Centre for Financial Market Integrity.

During the month of June, more than 120 societies worldwide will facilitate CFA Day activities, many of them on or during the week of June 11.

CFA Emirates will hold a dinner reception at Mina a'Salaam, Madinat Jumeirah, Dubai on June 16, 2007. Members of the Society and industry leaders will gather to look back on 60 years of success and talk about accomplishments yet to come.