At the recently held CFA Institute Society Leaders meeting in Zurich, CFAAP won the society award for Innovation. The conference was attended by 132 out of 133 member societies of CFA Institute.
Earlier during this year, CFAAP submitted its nomination for the inaugural society excellence awards programme of CFA Institute. Four categories for the awards were; Planning, Collaboration, Innovation and Rehabilitation. Out of 132 member societies, CFAAP was the only non-North American society to have won an award.
This award was won by CFAAP for its Annual Excellence Awards programme for investment banks, research analysts and brokerage houses which has been successfully running for the last three years. In selecting the Pakistan Society, the judging panel stated the following:
"The society's programme was created using research and strong planning. It was clear, focused and well executed programme. The programme created strong positive visibility for the society, its members and the profession"
In his announcement, Chip Deale, Head of Society Services Division of CFA Institute praised the efforts of CFAAP "Some Member Societies are content to rely on "tried and true" programmes and services, while others seek to "break the mold" and try new and different initiatives. Our initial winner in the Innovation category is living proof of this. And with the largest number of entries in any of the four categories (of awards), our winning society (CFA Association of Pakistan) was up against some extremely stiff competition.
The Pakistan Society saw a problem and a need and they created an innovative solution. Specifically, the society created an Annual Excellence Awards Programme in different categories of financial services and research in Pakistan, which has become highly popular and sought after in the financial community. It has raised public awareness and provided an incentive for improved research by analysts".
CFA association of Pakistan was also widely applauded by CFA Centre for Financial Market Integrity for the initiatives taken by the society leadership in the area of advocacy. Rebecca McEnally, CFA, Director of the Capital Markets Policy Group of CFA Centre, who was the keynote speaker at CFA Centre session, mentioned: "It is with the greatest pleasure that I commend the CFA Association of Pakistan, and particularly its President, Mohammad Shoaib, for their diligent efforts to create an environment of the highest ethical standards and professional excellence and competence in the financial markets of Pakistan.
Their work, which they have undertaken entirely on their own initiative, provides a superb model for market participants world-wide. "We at CFA Institute are honoured to be associated with Mr Shoaib and the Pakistan Society."-PR
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