The CFA Society Bangladesh has welcome 20 new Bangladeshi charterholders and demonstrated its commitment to shape a more trustworthy financial industry.
The largest network of Bangladeshi investment professionals said through inclusion of the new charterholders, the number of chartered financial analysts in Bangladesh has crossed the 100 mark.
Now Bangladesh has got a total of 118 CFA charterholders with global competence both in terms of professional and ethical standards.
The number is still low compared to peer countries, but the growth is very encouraging for the country's financial industry, CFA Society Bangladesh President Shahidul Islam told The Business Standard.
The number of charterholders has doubled in Bangladesh since the CFA Society Bangladesh was formed four years ago, he added.
The new charterholders
In the fifth charter award ceremony held at a hotel in Dhaka last week, the CFA Institute's Adviser Paul Smith distributed the charter certificates among the new charterholders.
Paul Smith praised the potential of the Bangladesh financial market and appreciated the new charterholders as the future leaders of the financial service sector of the country.
Dr Ahsan H Mansur, executive director of the Policy Research Institute of Bangladesh; Shahidul Islam, president of the CFA Society Bangladesh; and Ifty Islam, chairman of the Asian Tiger Capital Partners, also spoke on the occasion.
The new CFA charterholders are: AM Margub Ahmed Hamedi from the LankaBangla Finance Ltd, Ahmed Omar Siddique from Shanta Securities Ltd, Azizul Quadir from the SBU Rancon Infrastructures and Engineering Ltd, Howladar Mohammad Jahid
Hassan from the Shanta Asset Management Limited, Kazi Raquib-Ul Huq from the EFG Hermes, Kazi Umme Sumaiya from the IDLC Asset Management Ltd, Mayesha Mehnaz from Standard Chartered Bank, Md Iqbal Hossain from Bangladesh Bank,
Md Sakib Chowdhury from UCB Capital, Md Shakil Ahmad from United Finance Limited, Md Arman Chowdhury Nayan from IDLC Asset Management Ltd, Md Ashadur Rahman Bhuiyan from IDCOL, Mohammad Abdul Awal and Mohibul Haque from
Basic Bank, Muhammed Tayabur Rahman from CAPCO, Nazmus Saadat from Northern University, Noman Al Hasan from FPP Training & Consultancy, Pianki Auditi Dutta from Robi Axiata, Sarker Md Rezoan Hoque from USAID Bangladesh, and Shah Rakib Khan from BRAC EPL.
Way to CFA charter
To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession. The CFA curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning.
The CFA Institute, headquartered in the USA, is the largest global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. Its goal is to create an environment where investors' interests come first, markets function at their best, and economies grow. The CFA Institute has about 170,000 members in more than 170 countries and territories, including more than 150,000 CFA charterholders, and about 151 member societies.
CFA Society Bangladesh
The CFA Society Bangladesh, a member society of the CFA Institute, plays an important role in promoting the CFA designation in the country, providing continuing education and networking opportunities to its members and contributing to the development of the financial service industry and the investment management profession in the country. The society aims to achieve, foster and maintain high standards of professional ability for its members in the areas of investment analysis, portfolio management, and related disciplines in Bangladesh.