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CFA Association of Pakistan

CFA Association of Pakistan
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CFA Association of Pakistan

 The CFA Association of Pakistan

The CFA Association of Pakistan (CFAAP) promotes ethical and professional standards within the investment industry, encourages professional development through the CFA Program, and facilitates the open exchange of information and opinions.

CFAAP currently has 151 members out of which 87% are CFA Charterholders and 13% are non-charter holders. While in-house financial analysts/portfolio managers constitute a 36% majority of the society, commercial bankers at 30% have also taken a keen interest in pursuing the CFA Program.

 CFAAP Mission & Initiatives

CFA Pakistan's mission is to serve members and the investing public by providing regular forum to educate and enhance their investment skills, to increase awareness among employers and the general public of the value of the CFA designation and to promote the highest ethical standards, professional practices and standards of professional conduct in Pakistan.

To this end, CFA Pakistan has undertaken several initiatives including:

  • hosting seminars, workshops, panel discussions on issues affecting the capital markets
  • conducting financial analysis and modeling workshops for analysts
  • organizing the Annual Excellence Awards for various financial services in Pakistan
  • tirelessly lobbying with the regulator (SECP) on governance issues, specifically Codes of Conduct and Analyst Certification Program
  • arranging scholarships for deserving CFA candidates, and
  • Conducting exam-study preparatory classes for CFA candidates.

 CFAAP Honors

Planning Award for CFA Pakistan

From amongst 132 competing societies, CFA Pakistan was the winner of CFA Institute's Planning Award in 2008; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFA Pakistan’s Strategic Planning. The Judges appreciated how Pakistan Society's business plan helped forced a change in the way society had previously been operating.

"The results are truly visible, as identifying issues within a society and findng proactive solutions is not small feat.Pakistan Society's award winning efforts are shining example of leadership, where thier work help lead the invesment profession globlally by setting highest standards of education, integrety, and professioal excellence. "

 

Mohammad Shoaib, CFA as President's Council Representative

The CFA Association of Pakistan (CFAAP) takes great pride in announcing that its founding President of the society, Mohammad Shoaib, CFA has been elected as CFA Institute’s Presidents’ Council Representative (PCR) for the Asia Pacific region for the term 2008-2010. The Asia Pacific PCR will respresent 15 CFA societies across 14 countries in the Asian and Australian continents: Australia, New Zealand, Japan, Singapore, Hong Kong, Taiwan, Malaysia, Indonesia, India, Sri Lanka, Korea, Pakistan, Philippines and Thailand. It is indeed a great honour for CFAAP. Amongst other, PCR will serve the interests of Member Societies and their members, and may include improvements in programming, membership, outreach, communication, and other opportunities for enhanced society and member services.

 

CFA Pakistan as GIPS Country Sponsor

In its recent meeting in Hong Kong, the Global Investment Performance Standards (GIPS) Executive Committee voted to acknowledge the CFA Association of Pakistan as an official sponsor of the Global Investment Performance Standards, or GIPS® standards, for the Pakistan market. The GIPS standards are well-recognized with high compliance levels amongst key financial centers in the United States, Canada, Europe, Africa and Asia Pacific. Global standardization of investment performance reporting gives investors around the world the additional transparency they need to compare investment managers and allows managers to compete for new business in foreign markets

 

Innovation Award for CFA Pakistan

From amongst 132 competing societies, CFAAP was the winner of CFA Institute's Innovation Award in 2006; the only non-North American society to have won an award amongst the four categories of Planning, Collaboration, Innovation, and Rehabilitation. The award was conferred on account of CFAAP’s Annual Excellence Awards program, aimed at promoting global best practices amongst investment practitioners. The Annual Excellence Awards are the first of its kind initiative taken by any society of CFA Institute. 

 

"Most Influential" Award for CFA Pakistan President

CFAAP also had the honor of being the only non-North American society whose President, Mohammad Shoaib, has been recognized as “Most Influential” member by CFA Institute Magazine in 2006. CFAAP was also widely applauded by CFA Centre for Financial Market Integrity for the initiatives taken by the society leadership in the area of advocacy.

 Scholarship June 2010 - Successful Recipient
 Maria Hassa Ghulam Ali Atif 
 Fahad Rasheed Muhammad Siraj
 Tayyab Saleem Sumaira Dada
 Sabeen Akbani Muhammad Usman Qadir
 Hira Jawaid Waqar Ahmed
  		 

 Site Updates

Job Posting 

 CFA Pakistan on Facebook 

7th Annual Charter Awards Ceremony- Pictures

Newsletters -  September 2009

 Recent Events


Career Day 2010

CFA Pakistan organized its 2nd Annual Career Day on January 23, 2010. Career Day has become an important annual event of CFA societies worldwide. The main purpose of the Career Day is to spread awareness of the CFA Program and its benefits in career development. It is a full day open-house event offered to all university students through a newspaper advertisement and invitations to all universities and the relevant faculty advisors. We saw a large number of participation from students, parents and faculty advisors.  

Global Investment Research Challenge 2010

CFA Pakistan held its 2nd Annual Investment Research Challenge (IRC) on January 22, 2010. We started the process of recruiting a team of motivated and bright students from universities across Pakistan. There were 6 teams comprising of 4-5 students who are participated from local universities and the winner was Institute of Business Administration (IBA). The finalists will now represent the country at the Regional level in Manila.

LUMS, IBA, SZABIST, CBM, Bharia, and NUST participated in the event.

University teams of 3-5 students are mentored by industry professionals in writing an equity research report on a publicly traded company at the local level. The teams then present their findings to a panel of experts, first at the local and then at the regional level. The company selected on which the students wrote their research report was United Bank Limited (UBL).

Mr. Shahzad Dada, Chief Country Officer and Head of Global Banking Division - Pakistan, was the Chief Guest. He talked about “ Recovering from Global Financial Crisis". 

We would like to thank the following individuals for their participation in IRC:

Mentors:

Khalid Iqbal
Director Research
Invest & Finance Securities Limited

Abdul Rasheed Narejo, CFA
Head of Capital Market
Allied Bank Limited

Mohsin Mangi
Research Analyst
Credit Suisse

Raza Khan Niazi
Head of research
Invisor Securities

Mohammad Saqib, CFA
Finance & Accounts Manager
Engro Chemical

Abdul Rehman Warriach
Head of Investment
Punjab Pension Fund  

Ijaz Muhammad Chauhdry, CFA   
Bank Alfalah Limited

Graders:

Asif Ali
Resident Vice President
Analyst-Pakistan
Citi Investment Research

Hasnain Nensey
Chief Investment Officer,
UBL Fund Managers Limited

Shabbir Malik
Head of Business Analytics
NIB Bank

Farrukh Khan
Research Analyst
JS Investments Limited

Panelist:

Farid Ahmed Khan, CFA
Director
Credit Suisse Pakistan

Mohammad Shoaib, CFA
Chief Executive Officer
Al Meezan Investment Management Limited

Farrukh Sabzwari
Chief Executive Officer
KASB Securities Limited

Asif Ali Qureshi, CFA
Executive Director
Invisor Securities

 Latest News on CFAAP

Seminar on GIPS- August 31, 2009


CFAAP arranged a seminar on GIPS on 31st August, 2009 at Marriot hotel in Pakistan. Aim of the seminar on GIPS was to increase the awareness of standard performance measures, which are lacking in our capital markets. Mr. Louis Boulanger, CFA, member of GIPS Executive Committee explained GIPS and its applicability requirement in detail. He highlighted the benefits of GIPS for the investment community and progress GIPS has made in term of number of countries who have already adopted GIPS.

Mr. Louis talked about various questionable practices of performance and how GIPS helps in overcoming these practices. Mr. Louis stated that main aim of GIPS is to increase the confidence of investment community in the integrity of performance presentation and data reflected in performance. He also said that applicability of GIPS in any market will foster the transparency and ethical standards. He stated that CFA Institute is striving to take the application of GIPS on the global level.

Chair for the Pakistan GIPS committee Mr. Mir Muhammad Ali, CFA who is also the Chief Executive Officer of UBL Funds was
present on the occasion. He highlighted the progress made on GIPS standard in Pakistan

INVESTMENT RESEARCH CHALLENGE 

CFA Association of Pakistan conducted its first ever Local Investment Research Challenge (IRC) in Pakistan on January 16th 2009. The event was attended by CFA members, candidates, university students, faculty members and other industry professionals. IRC is an equity Research competition among student teams from Pakistan's top universities' business and finance programs. All prominent Universities were asked to participate in this challenge. Based on the extensive interviews 4 teams were selected for the challenge. These were Institute of Business Administration (IBA), Bharia University, Lahore University of Management Sciences (LUMS) and Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST).

The teams were judged on their research reports and the presentations. Ms Mona Sultan, CFA EVP of MyBank Ltd was the project head of this challenge. Throughout the competition leading investment professionals volunteered as mentors, judges and panelist.

Engro Chemicals (ENGRO) was selected as the target company to conduct the Research.

Institute of Business Administration is the winning team of the Local Investment Research Challenge 2009. The winning team will now proceed to Singapore for Regional Investment Challenge in March 2009. 

 
ASIA PACIFIC INVESTMENT RESEARCH CHALLENGE
You can view progress on the first Asia Pacific Investment Challenge at http://www.cfainstitute.org/society/challenge/ap.html
 

 CFA Exam Prep Classes
CFA Pakistan Members are conducting CFA Exam preparatory classes for Candidates. For further information you may contact Uroosa Girami at info@pakistan.cfasociety.org

 Who is CFA Institute?

CFA Institute is a global, nonprofit member organization of financial analysts, portfolio managers, and other investment professionals.

 Contact Us

CFA Association of Pakistan

c/o Corporate & Investment Banking Group
Allied Bank Limited
2nd Floor, Khayaban-e-Iqbal, Main Clifton Road
Bath Island, Karachi

Ph: 021- 5868498
Email: info@pakistan.cfasociety.org



 

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