CFA Community To Elevate Local Investment Practices

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The Chartered Financial Analyst (CFA) Community, an association that connects all CFA members in Cambodia, was officially launched on Friday.

Chea Serey and Ratana Phurik-Callebaut (centre) pose with CFA members at the launch Friday. Supplied

Ratana Phurik-Callebaut, chairperson of the CFA Community, told Khmer Times via email yesterday that the association will connect all CFA members, potential candidates and investment professionals in the Kingdom.

It will also promote the CFA programme by providing all the necessary support to CFA candidates, she said.

The Chartered Financial Analyst (CFA) Programme is a professional credential offered internationally by the American-based CFA to investment and financial professionals.

The self-study, graduate-level programme covers a broad range of topics relating to investment management, financial analysis, stocks, bonds and derivatives, and provides a generalist knowledge of other areas of finance.

A candidate who successfully completes the programme and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charterholder”.

On the programme, Ms Ratana said it is the “golden standard” in certification for investment professionals and is widely accepted throughout the world.

“In Cambodia, there are only 12 CFA charterholders and only two are locals,” he said, adding that the number of candidates is on the rise, with 63 registering this year alone.

“With the growth of the Cambodian economy, having this community can definitely attract more sophisticated investment. It will allow us to have strong investment professionals in the country.

“At the same time, those professionals will have access to a great network and will be incentivised to get this gold standard in order to build trust,” Ms Ratana said.

Chea Serey, director general of the National Bank of Cambodia, who attended the launch Friday, said the CFA Community will help build Cambodia’s human capital, especially in the financial sector.

“This undertaking will offer tremendous opportunities on capacity building as it provides an avenue of collaboration and exchange of good practices, sharing knowledge and experiences,” Ms Serey said.

She said the NBC has always prioritized strengthening human capital as part of reforms in the banking sector.

This article was originally published in the Khmer Times.