CFA SOCIETY PORTUGAL · 10 CFA SOCIETY PORTUGAL 2011-2012 Preparation of the business plan first...
Transcript of CFA SOCIETY PORTUGAL · 10 CFA SOCIETY PORTUGAL 2011-2012 Preparation of the business plan first...
CFA SOCIETY PORTUGAL Institutional Profile January 2015
� CFA Institute � Global community of more than 120.000 investment
professionals in more than 145 countries � Develops and promotes professional and ethical
standards through a graduate-level investment credential
� Recognized by regulatory bodies � More than 180 universities incorporate the CFA
curriculum into their degree programs
� Mission � To lead the investment profession locally by setting the
highest standards of ethics, education and professional excellence
2
CFA INSTITUTE
� CFA Institute Portfolio
3
CFA INSTITUTE
CFA ® Program
Claritas™ Investment Certificate
Educational Resources and Publications
Events and Conferences
Ethics and Standards
CIPM® Program
In addition to administering the CFA Program, CFA Institute provides other educational opportunities including the CIPM Certification and the Claritas Investment Certificate
� CFA Institute members by region
4
CFA INSTITUTE Increasingly, the CFA Charter is a globally recognized credential, with more than 120.000 investment professionals in more than 145 countries…
� CFA Program candidates by region
5
CFA INSTITUTE CFA Program candidates, many of whom represent CFA future members, have an even more diverse international profile than current members…
� Hold a bachelor's degree in any subject (or be in the bachelor’s final year)
6
CFA INSTITUTE To earn the Charter, there are 3 conditions, namely holding a bachelor’s degree (or be in final year), demonstrate work experience and pass the three CFA exams…
� Demonstrate at least four cumulative years of relevant work experience
� Pass the three CFA exams
1
2
3
7
CFA INSTITUTE
CFA charterholders by sector(*)
CFA charterholder employment by title
(*) Represents 82% of respondents
Source: CFA Institute (data as of September 2012).
Top global employers
6%
1%
1%
1%
1%
2%
3%
3%
4%
5%
18%
37%
Other
Venture Capital
Indexed
Foreign Currency
Commodities
Structured Products
Real Estate
Hedge Funds
Derivatives
Private Equity
Fixed Income
Equities
40%
4%
5%
6%
7%
15%
22%
Other (e.g. traders)
Risk Managers
Relationship Managers
Consultants
Chief Executives
Research Analysts
Portfolio Managers
CFA charterholders can be found in virtually every sector of the financial markets
� CFA Society Portugal � As one of 144 CFA Institute member societies, CFA
Society Portugal connects its members with the world’s largest association of investment professionals
8
CFA SOCIETY PORTUGAL
CFA Institute
CFA Society Portugal
CFA Society (others)
…
Member societies
9
CFA SOCIETY PORTUGAL
� CFA Institute Mission:
� “To lead the investment profession locally by setting the highest standards of ethics, education and
professional excellence.”
� CFA Society Portugal supports CFA Institute Mission, based on the following four pillars:
Promote the ethical and professional standards within the Portuguese investment
industry
Encourage members and other investment professionals in Portugal to further their
financial knowledge
Facilitate the exchange of information and opinions among financial professionals
Promote the general public’s understanding of the CFA designation and investment
industry
1
3
2
4
CFA Society Portugal supports CFA Institute Mission, based on four pillars…
10
CFA SOCIETY PORTUGAL
2011-2012 Preparation of the business plan first draft (throughout 2011 and 2012)
Nov-2012 First Charter-award dinner in Lisbon (organized by the start-up members in Portugal and sponsored by CFA Spain)
May-2013 Achievement of more than 50 founding members and conclusion of new Society by-laws. Submission of documentation for CFA Institute new society approval
Jul-2013 New society in Portugal approved by the CFA Institute as a new CFA Institute member society
Aug-2013 New society legal establishment in Portugal
Dec-2013 First CFA Portugal Charter-award dinner in Lisbon
May-2014 First CFA Portugal conference in Católica Lisbon School of Business & Economics. Survey deployment to CFA Portugal members
Jun-2014 First CFA Portugal exam-day event First CFA Portugal career event (in Gulbenkian Foundation)
The start-up group started the business plan development in 2011 and the new Society was approved and established in mid-2013
Nov-2014 Second CFA Portugal Charter-award dinner in Lisbon
Jan-2015 First CFA Portugal General Assembly
11
CFA SOCIETY PORTUGAL
Statutory Bodies
Board of Directors
Auditor
� Miguel Maia – President � Carlos França – Vice-President � Cláudia Cruz de Almeida (Vieira de Almeida & Associados,
SARL) – Secretary
General Assembly
� Ulugbek Suyumov – President � Marcos Ribeiro – Vice-President � João Caiano – Vice-President � Pedro Barata – Vice-President � David Ribeiro – Treasurer � Luís Castro – Secretary � Cláudio Cardoso – Board Member
� PricewaterHouseCoopers & Associados – Sociedade de Revisores Oficiais de Contas, Lda., represented by José Manuel Henriques Bernardo (auditor) or Carlos Manuel Sim Sim Maia (auditor)
The composition of the CFA Portugal Statutory Bodies is the following…
12
CFA SOCIETY PORTUGAL
Board of Directors
Career Development
Fund Raising
Advisory Board
Ulugbek Suyumov (President) Pedro Barata (VP) João Caiano (VP) Marcos Soares Ribeiro (VP) David Ribeiro (Treasurer) Luís Castro (Secretary) Cláudio Cardoso (Board Member) Prof. Miguel Athayde
Marques
Education Membership Best Practices
Sandra Costeira Cláudio Cardoso Carlos França
Miguel Maia Ulugbek Suyumov
Marcos Soares Ribeiro
Public Awareness
João Caiano
Society Committees
Volunteers
The CFA Society Portugal management team is composed by 10 members (7 board members and 3 head of committees for specific activity plans)
13
Membership trend
Candidate trend
The CFA Charter has been increasingly recognized in Portugal, with the membership reaching almost 100 CFA Institute members as of November 2014
� CFA Society Portugal members represent approximately 2/3 of the total number of CFA Institute Portuguese members (increase from 60% in 2013 to 66% in 2014)
� In terms of candidates, FY14 has registered an increase in the total number of candidates, specially in the case of new level I candidates (from 93 in 2013 to 112 in 2014)
CFA SOCIETY PORTUGAL
86 96 97 117 99 93 112
95 115 137 127 152 126 122181
211 234 244 251 219 234
FY08 FY09 FY10 FY11 FY12 FY13 FY14New Level I Candidates Other Candidates
Source: CFA Institute..
57 5771 80 79 84 93
50 61
2008 2009 2010 2011 2012 2013 2014Portuguese Members CFA Society Portugal Members
CAGR8,5%
14
Members age
Occupational breakdown
Career goals Current seniority level
CFA SOCIETY PORTUGAL
17%
15%
15%8%8%
8%
6%
26%
Portfolio ManagerCorporate Financial AnalystResearch AnalystInvestment Banking AnalystManager of ManagersTraderConsultantOther
8%
44%
20% 24%
4%
Junior Senior Middlemanagement
Seniormanagement
Boardlevel
Source: Survey as of June 2014.
According to the CFA Portugal members’ survey as of June 2014, members are looking for a higher seniority level as well as more experience in his/her career
20%
24%
36%
36%
40%
56%
Increase technical knowledge
Internationalize career
Other professional project
Be promoted
More experience
Higher seniority level
10%
23%
40%
21%
0% 4% 0 2%
26-30 31-35 36-40 41-45 46-50 51-55 56-60 61-65
15
� Organize educational events and promote participation in other
educational events in Portugal
� Provide platform for CFA examination preparation to the CFA candidates (e.g. online training, mock exam sessions, etc.)
CFA SOCIETY PORTUGAL Regarding the strategic plan, the CFA Society Portugal has defined the following driving factors to be implemented during the first 5 years of activity
Provide a strong platform for continued
education…
…develop a career services center…
…and develop and strengthen the
relationships with financial industry
� Provide orientation at early career stages by setting up mentoring programs
� Promote information on current job offers � Help members with long term career management
� Organize joint workshops, training sessions and seminars to promote financial and ethical education and awareness among the financial professionals in Portugal
� Promote the CFA Charter awareness and value
� CFA Program
16
CFA INSTITUTE