CFA Kuwait to hold inaugural event

Mr. Bader M Al-Sa'ad, Managing Director of Kuwait Investment Authority and H.E. Deborah K. Jones, US Ambassador to Kuwait, will be the chief guests, along with Mr. Ray DeAngelo, managing director at CFA Institute.

The event will feature a presentation titled "What's next for GCC markets?" by Tarek Fadlallah, CFA, followed by a dinner reception sponsored by Kuwait Financial Center "Markaz".

CFA Kuwait is the seventh member association to be established in the Middle East and 136th globally. It will strive to promote the highest standards of integrity and professional excellence in the Kuwaiti investment industry and raise awareness of the CFA designation, the leading professional mark recognised by investment analysts worldwide.

Raghu Mandagolathur, CFA, First President of CFA Kuwait and Head of Research at Kuwait Financial Centre, said:

"The GCC region holds great promise for the CFA profession and its members who bring with them integrity and professional competency. The rapid growth of the region and the challenge that it faces in the light of economic crisis means that both CFA Kuwait and CFA Institute are counting on their members to demonstrate adherence to the highest standards. CFA Kuwait aims to position Kuwait as the investment hub of the region. The large presence of investment companies along with active involvement of sovereign wealth funds, pension funds, and regulators lends the scope and breadth to achieve this objective. The society will encourage and assist Kuwaitis to achieve the coveted CFA charter and be an integral part of the economic development of the country."

Nitin Mehta, managing director, CFA Institute, EMEA, commented: "CFA Institute welcomes CFA Kuwait to its global community. Together we will pursue our common mission to raise the standards of practice among the investment profession. The establishment of CFA Kuwait signals the country's importance as a financial centre and its growing influence in the region and the world. By joining CFA Kuwait its members show a commitment to ethics, education and professional excellence."