These individuals were awarded the CFA charter in a ceremony hosted by the CFA Bahrain Society on Saturday, January 26th, at the Al-Khayma, Ritz-Carlton Hotel.
The event was sponsored by the Securities and Investment Company BSC(c) (SICO) and featured presentations by Mr. Shakeel Sarwar Butt - Head of Asset Management at SICO Investment Bank and Mr M. R. Raghu - Senior Vice President (Research) at Kuwait Financial Centre.
Administered by CFA Institute, the CFA Program covers ethical and professional standards, equity, debt, and derivatives analysis, alternative investments, financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, risk management, asset allocation, and performance measurement.
The CFA charter is globally recognized as the "gold standard" for measuring the competence and integrity of investment professionals. Their job titles include institutional or private client investment manager, investment banker, broker dealer, mutual fund manager, investment consultant, commercial / retail banker, research director etc.
CFA Institute administers the CFA exams simultaneously at 186 test centers in 86 countries ever year in June. Candidates for the CFA designation must pass a series of three six-hour exams over at least three years. It is recommended that candidates spend a minimum 250 hours in study preparation for each of the three examinations. Candidates take, on average, a little more than four years from initial enrollment to the time they complete all requirements for the CFA designation.
Founded in 2006, CFA Bahrain is a non-profit membership organization for financial practitioners. As one of the 135 member societies worldwide of CFA Institute, the CFA Bahrain's mission is to provide value and serve its members by promoting the highest level of professional ethics, standards and competence among the investment professionals of Bahrain
CFA Institute continues to award additional charters weekly as candidates who have passed all three exams meet all other requirements, including the completion of at least three years of professional investment experience and the submission of a statement committing to adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct.
The 6 new CFA charterholders brings the total number of CFA charterholders in the Bahrain society to 65. These individuals are portfolio managers, investment advisers, consultants and other investment professionals. The Bahrain society was founded in 2006.
CFA Bahrain is planning several other events for next year that would be of interest to the investment community. The next scheduled 2008 event is the Annual Forecast Dinner on Saturday, 8th March at which well known market experts will present their forecasts for the key asset classes during 2008 and beyond.
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Bahrain CFA® Society Charter Awards event
- Bahrain: Monday, January 28 - 2008 at 14:58
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After more than three years of study, 6 local investment professionals in Bahrain have earned the prestigious Chartered Financial Analyst® (CFA®) designation in 2007.
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Posted by Lara Lynn Golden, News EditorMonday, January 28 - 2008 at 14:58 UAE local time (GMT+4)
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If you are interested in knowing more about the CFA Society's activities, or if you would like to be associated as a Sponsor, send an email to cfabahrain@yahoo.com.
More information is available at www.cfainstitute.org.
Fact Sheet
Ten Things You Should Know About the
Chartered Financial Analyst® (CFA®) Designation
• There are more than 79,000 CFA charterholders in 129 countries and territories (not counting candidates from the June exams). CFA Institute expects the majority of the 6,399 candidates who passed this year's Level III exam will become CFA charterholders later this year, bringing the number of charterholders worldwide to more than 85,000.
• The CFA curriculum and exams reflect the latest knowledge that investment professionals need in order to practice in today's global marketplace. The exam is based on a comprehensive body of knowledge stemming from periodic surveys of industry professionals on the practical knowledge and schools required for today's practitioners.
• The June 2007 had a record 71,897 candidates worldwide. 50% of the 12,777 candidates passed the third and final exam this year.
• CFA exams are administered in three levels and must be taken sequentially over a period of at least three years. The overall pass rate for the three levels historically has been an average of 52 percent.
• The CFA exams cover investment ethics, securities analysis (both equity and fixed-income), financial statement analysis, quantitative analysis, economics and portfolio management.
• Each exam typically requires a minimum of 250 hours of preparation.
• CFA exams include problems, case studies, essays and item-set questions.
• CFA exams are written in English, the international language of finance. The exact same exam is given worldwide. All exams are graded at the same time by a large group of investment professionals - themselves CFA charterholders - who gather at the CFA Institute headquarters in Charlottesville, Virginia, from dozens of countries.
• The CFA charter was introduced in 1963, when 278 men and six women sat for the first exam. The number of candidates enrolled at any one time did not exceed 10,000 until 1989.
• CFA Institute has more than 93,000 members, who include the world's 79,000 CFA charterholders, in 133 countries and territories, as well as 135 affiliated professional societies in 56 countries and territories. In 1990, just two of those societies were from outside the United States and Canada.
More information is available at www.cfainstitute.org.
Fact Sheet
Ten Things You Should Know About the
Chartered Financial Analyst® (CFA®) Designation
• There are more than 79,000 CFA charterholders in 129 countries and territories (not counting candidates from the June exams). CFA Institute expects the majority of the 6,399 candidates who passed this year's Level III exam will become CFA charterholders later this year, bringing the number of charterholders worldwide to more than 85,000.
• The CFA curriculum and exams reflect the latest knowledge that investment professionals need in order to practice in today's global marketplace. The exam is based on a comprehensive body of knowledge stemming from periodic surveys of industry professionals on the practical knowledge and schools required for today's practitioners.
• The June 2007 had a record 71,897 candidates worldwide. 50% of the 12,777 candidates passed the third and final exam this year.
• CFA exams are administered in three levels and must be taken sequentially over a period of at least three years. The overall pass rate for the three levels historically has been an average of 52 percent.
• The CFA exams cover investment ethics, securities analysis (both equity and fixed-income), financial statement analysis, quantitative analysis, economics and portfolio management.
• Each exam typically requires a minimum of 250 hours of preparation.
• CFA exams include problems, case studies, essays and item-set questions.
• CFA exams are written in English, the international language of finance. The exact same exam is given worldwide. All exams are graded at the same time by a large group of investment professionals - themselves CFA charterholders - who gather at the CFA Institute headquarters in Charlottesville, Virginia, from dozens of countries.
• The CFA charter was introduced in 1963, when 278 men and six women sat for the first exam. The number of candidates enrolled at any one time did not exceed 10,000 until 1989.
• CFA Institute has more than 93,000 members, who include the world's 79,000 CFA charterholders, in 133 countries and territories, as well as 135 affiliated professional societies in 56 countries and territories. In 1990, just two of those societies were from outside the United States and Canada.
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