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| Sunday, 21 December 2003 |
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Highly sought-after credential among employers The Chartered Financial Analyst (CFA) designation is becoming a highly sought-after credential among leading employers in Sri Lanka, said Ravi Abeysuriya (CFA), President, Sri Lanka Association of Investment Professionals (SLAIP). In Sri Lanka, Dinesh Warusavitharana (Fitch Ratings Lanka), Shibly Latiff (Independent Research), Indika Hettiarachchi (John Keells Holdings) and Elmo Anthony (Commercial Bank) received their CFA Charter this year. The number of CFA charter holders working in 112 countries now exceeds 56,000, of whom 31 are resident in Sri Lanka. Six of the 8,816 candidates who successfully completed the 2003 final examination were from Sri Lanka. The graduate level CFA curriculum and examination programme, administered by the Association for Investment Management and Research (AIMR), USA is widely accepted as the most rigorous in the global investment profession. The three CFA exams cover ethical and professional standards, financial statement analysis, quantitative methods, economics, corporate finance, analysis and valuation of equity, debt, derivatives and alternative investments, portfolio management and performance presentation. Less than one in five candidates who enter the CFA programme pass all three levels of the examination. Abeysuriya said the programme is respected around the world for its rigor and its practitioner focus. In 2003, a global compensation survey showed that investment professionals with the CFA charter earn 21 per cent more than those with the same experience but without the charter. It is one of the fastest growing qualifications in the world. In Sri Lanka, when financial sector reforms such as pension reforms, corporate debt market and research outsourcing take hold, the demand for CFA candidates could be very high, he said. Most CFA charter holders in Sri Lanka work in the broker or dealer, credit rating, unit trust, research, consulting and banking industries as CEOs, portfolio managers, consultants and financial analysts. SLAIP is the Sri Lanka chapter of AIMR. |
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