Bangkok--5 Sep--SET
Enrolments of Bangkok investment professionals for the globally recognized exams reached a record high number of 500 this June
The CFA Society of Thailand today announced that 60 candidates who sat the final Level III Chartered Financial Analyst? (CFA?) examination in Bangkok this June were successful. These candidates, most of whom are investment professionals working in Thailand’s securities, asset management and banking industries, will be awarded the prestigious CFA charter, subject to fulfilling work experience and other requirements. The new CFA charterholders will bring the total number of charterholders in Thailand to at least 260.
President of the CFA Society of Thailand, Chanitr Charnchainarong, said, “We are delighted by the high number of Level III passes this year. This represents a very significant increase over the 23 Level III passes we had in Bangkok in both 2005 and 2004. The passing rate amongst local candidates has improved and another important factor has been the very steady increase in the number of candidates enrolling for the CFA program in Bangkok. In fact, this is the first year(June 2006) we had over 500 candidates for all three Levels of the CFA program.”
The CFA Program sets a globally recognized standard for measuring the competence and integrity of financial analysts, portfolio managers and investment advisers. The exam tests four major topic areas: ethical and professional standards, tools and inputs for investment valuation and management, asset valuation, and portfolio management and performance presentation.
“It is truly gratifying to see that the CFA charter is now gaining such wide acceptance amongst investment professionals and employers in the Thai market as the only internationally recognized investment qualification. Employers we have talked to particularly like the fact that the CFA body of knowledge is continuously updated. For example, corporate governance, a topic which has recently become dramatically more relevant to investors globally, is now covered extensively in all three levels of the CFA program,” said Pisit Jeungpraditphan, secretary of the CFA Society of Thailand.
A candidate must pass each of the three levels of the CFA examination to earn the coveted CFA charter. Fewer than one in five candidates who begin the arduous program successfully complete it. Level I is administered twice a year, in June and December, and Levels II and III are administered only in June. Currently, more than 69,600 investment professionals in 134 affiliated professional societies in 55 countries and territories hold the CFA charter.
About The CFA Society of Thailand
The CFA Society of Thailand (formerly known as the Thai Society of Investment Professionals) is a non-profit organization of investment professionals and is governed by a board of nine elected directors working on a voluntary basis. Its mission is to encourage the development of the investment industry in Thailand and to improve the professional competence and integrity of investment professionals. It awards ten annual scholarships to CFA candidates in Thailand on behalf of CFA Institute. The society organizes conferences and seminars on investment topics and regularly invites distinguished speakers from overseas to address to the financial community in Bangkok.
For more information please visit our website at www.membersocieties.org/thailand .
About CFA Institute
CFA Institute is the global, non-profit professional association that administers the CFA curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has 84,000 members in 128 countries and territories, including the world’s 69,600 CFA charterholders, as well as 134 affiliated professional societies in 55 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with additional offices in London, Hong Kong and New York City. More information can be found at www.cfainstitute.org or by calling toll-free at 001-800-8228-8820.