More experts for the Czech and Slovak financial markets
Prague, November 27, 2009 – After fulfilling rigorous professional and ethical requirements, 13 investment professionals from the Czech Republic and Slovakia were awarded the Chartered Financial Analyst® (CFA®) designation. The total number of CFA charterholders in both countries will thus increase to 99.
“The CFA designation is the hallmark of excellence in the global investment community. It is a ‘must have’ in the investment industry in developed economies,” said Lukáš Brych, Czech CFA Society President. “The increasing number of CFA charterholders is a significant contribution to the level of professionalism on the Czech and Slovak financial markets,” he added.
The CFA Program is considered to be among the most rigorous in the investment profession globally. The CFA degree earned its respect in the investment industry around the world. Only less than 20% of those who enroll in the program successfully complete it. The thirteen new charterholders will join the ranks of only 89,400 other investment and financial professionals in 133 countries. The CFA Program comprises of three examinations, each of which typically requires candidates to spend 300 hours in study preparation and it typically takes candidates 4 years to pass all levels. The other requirements that candidates have to meet include the completion of 4 years of professional investment experience and the commitment to adhere to the Code of Ethics and Standards of Professional Conduct.
The Czech CFA Society, the local member society of CFA Institute, will officially award the CFA charters at the Charter Awarding Ceremony 2009 on November 26 at 6 pm in CERGE-EI, Prague. The ceremony will also officially launch the Society’s strategic partnership with Thomson Reuters who is the event’s sponsor. Alicia Gonzales, Investment Management Business Manager of Thomson Reuters, will open the ceremony with a presentation on ‘Geopolitics and its Impact on Investment Decisions’.
Czech CFA Society (www.czechcfa.cz) is a non-profit organization for financial practitioners founded in April 2002 in the Czech Republic. As one of the 136 member societies of CFA Institute (www.cfainstitute.org), its mission is to promote the highest standards of professional excellence, integrity and ethics within the Czech investment community. Czech CFA Society currently has 109 members, mainly CFA charterholders, and over 330 candidates from the Czech Republic and Slovakia registered in the CFA Program. The Society's partners are OVB Allfinanz, Ernst & Young and BPP Professional Education. Economia, publishing house, and Z1 TV are the media partners.