Sunday, January 27, 2013

Press Release: Four University Teams compete at the 5th CFA Institute Research Challenge Local Finals

Four universities are competing at the Chartered Financial Analysts (CFA) Society of the Philippines Local Finals of its annual CFA Institute Research Challenge (IIRC) at the PSE Auditorium in Ortigas, Pasig City.

The IRC is a global competition which aims to educate the market in fundamental research report.

Ms. April Tan, CFA, CFA Philippines President, shares, “CFA Philippines continues to organize the local IRC, targeting local universities, in accordance with its initiatives to enhance financial literacy and develop globally competitive investment professionals.  We are reaching out to future investment professionals in an aim to instill in them a commitment to the highest standards of excellence and ethics.”

Out of the seven teams who joined and attended the Kick-off meeting last October, four teams made it to the local finals.  The four teams are set to present their findings to a panel of experts. 

The winning team will earn a spot at the Regional Finals to be held at Kuala Lumpur, Malaysia on February 22-23, 2013.  Meanwhile, the regional winner will get to compete with top-notch schools at the global finals which will be held in London, United Kingdom on April 12, 2013.

Ms. Tan adds, “The IRC is also an excellent opportunity for finance students to interact with fellow students and finance professionals.  This year’s finalists include teams from Ateneo de Manila University, De La Salle University-Dasmarinas, De La Salle University Manila, University of the Philippines-Visayas.  The four teams will be presenting their materials to the four judges namely: Sun Life Financial Chief-Investment Officer, Mr. Michael Gerard Enriquez: MBG Capital Chief Executive Officer and Chief Investment Officer, Mr. Michael Jack Garcia, CFA; BDO Senior Vice President and Chief-Investment Officer, Mr. Marvin Fausto; and China Banking Corp. First Vice President Mr. Alexander Escucha.

Last year, the University of the Philippines-Diliman won the local finals earning eligibility to represent the country for the 2011 Global CFA Institute Research Challenge.  UP-Diliman also won the 2010 Global CFA Institute Research Challenge held in Hongkong, besting other international universities.

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