Six achieve CFA charter status
The CFA Society Bermuda has celebrated the awarding for six charterholder certificates.
Congratulating the recipients, Shane English, president of CFASB, said: “Their achievement reflects the many years of hard work and dedication which brought them here tonight. Successful completion of the CFA programme achieves the highest distinction in the investment management profession — the CFA designation.
“To earn their charter, these candidates successfully passed the three levels of the CFA programme exam and have completed four years of qualifying work experience in the investment-decision-making process.”
The chartered financial analyst certificates were awarded to Herbert Max Biryomumaisho, at Apex Fund Services Ltd; Gavin Patrick Correa, at Acumen Services Ltd; Michael John Fontanetta, at Randall & Quilter Investment Holdings Ltd; Bradley Edward Matthews, at Sompo International; Jeffrey Morash, at Clarien Bank Limited; and Christopher David Sgobba, at Orbis Investment Management Limited.
Guest speaker at the event was Moad Fahmi, senior adviser — fintech at the Bermuda Monetary Authority, who spoke about how the CFA charter has shaped his career.
The CFA programme curriculum is updated annually. The three-level self-study programme covers topics including ethical and professional standards, quantitative methods, economics, financial reporting and analysis, corporate finance, equity investments, fixed income, derivatives, alternative investments, and portfolio management and wealth planning.
Stephen Horan, managing director of credentialling at CFA Institute, said: “Successfully completing all three levels of the CFA programme is an outstanding accomplishment, setting the foundation for a career-long journey of professional learning.
“As we strive to build a better world for investors, our incoming charterholders are joining a global community of highly motivated individuals committed to putting investors interests ahead of their own and creating a profession that serves society’s need for a well-functioning investment management industry built on trust.”
Each level of the CFA Programme imparts a particular skill set:
• Level I is focused on investment tools and the foundations of the business, giving candidates the necessary knowledge and comprehension;
• Level II is focused on applying those tools in the analysis of asset classes, including equity investments, fixed income, derivatives, and alternative investments;
• Level III is focused on portfolio management and wealth planning, requiring candidates to be competent in synthesis and evaluation while making investment decisions.
The programme curriculum is updated regularly to keep pace with changes in the industry. Most recently, fintech has been integrated into Level I and II, surveying the range of technologies and financial applications in investment management. New content includes machine learning and ethics cases within a fintech work setting.
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