Forum highlights role of ethics in financial world

DUBAI - Mr Anis Al Jallaf, Chairman DIFC and MD/CEO of Emirates Bank Group was the Guest of Honour at the recent first Annual CFA charter award ceremony held by the Emirates Investment Professionals Group (EIPG) .

By A Staff Reporter

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Published: Wed 22 Oct 2003, 12:29 PM

Last updated: Wed 1 Apr 2015, 9:43 PM

As the keynote speaker Mr Anis Al Jallaf emphasised the importance of ethics has in today's financial world. He pointed out DIFC's strong focus on ethics and regulatory mechanisms for its future sustained development. He appreciated the stress CFA qualification places on rigorous ethical standards and therefore its compatibility with DIFC's strategy.

Mr Jallaf, who quickly deviated from the prepared script and instead chose to speak extempore, then went on to deliver an inspiring speech.

He made the CFA charterholders and EIPG members present proud of their achievment which does involve a lot of hard work , dedication and a strong will to do well. He said these are the very qualities that will be required to succeed in the increasingly competitive environment in the future. The CFA charter is thus a symbol of success and the charterholders should not only be able to improve their career prospects but also contribute to the rising sophistication of the financial services industry.

The CFA programme is conducted by the Association of Investment Management and Research. The CFA Programme is probably the only globally recognised standard for measuring the competence and integrity of financial analysts. The exam is administered annually in more than 70 nations worldwide. It consists of a series of three day-long, practice-oriented examinations over a period of three years. These examinations measure the candidate's ability to apply a high standard of knowledge of investment principles at a professional level.

CFA charterholders are required to master the AIMR Body of Knowledge that keeps pace with the ever-changing dynamics of the global investment community and covers topic areas such as Equity analysis, Debt analysis, Derivatives, Corporate Finance, Global markets, Micro and Macro Economics, Financial Statement Analysis and Quantitative Methods.

CFA charterholders are also required to abide by the AIMR code of ethics and standards of professional conduct and have a minimum of three years' experience in the investment field.

The CFA designation is gaining immense popularity amongst investment professionals in the UAE which has over 90 CFA charterholders and& over 900 candidates. In fact, more and more Investment Management firms and Investment Banks are insisting that their employees work towards acquiring the CFA charter.

Since the formation of the Emirates Inevstment Professionals Group (EIPG), the awareness of the CFA designation has grown exponentially in the local market.

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