CFA So­ci­ety Cyprus cel­e­brates record num­ber of new mem­bers

Financial Mirror (Cyprus) - - CYPRUS -

CFA So­ci­ety Cyprus cel­e­brated its 15th an­niver­sary by award­ing a record num­ber of new mem­bers who ac­quired the Char­tered Fi­nan­cial An­a­lyst ti­tle af­ter suc­cess­fully pass­ing the exam and com­plet­ing the fouryear re­quired work ex­pe­ri­ence in the field of in­vest­ment man­age­ment.

The 29 new mem­bers marked a new record for CFA So­ci­ety Cyprus this year, with its to­tal num­ber of mem­bers now reach­ing 147, fif­teen years af­ter it was founded as the lo­cal rep­re­sen­ta­tive of CFA In­sti­tute.

A video was pre­sented at the start of the event, with a con­grat­u­la­tory mes­sage by CFA In­sti­tute Pres­i­dent and CEO Paul Smith on the So­ci­ety’s work.

CFA So­ci­ety Cyprus Pres­i­dent Mar­ios Ge­or­giades said: “Be­sides the ex­cel­lent tech­ni­cal train­ing, adopt­ing a high level of eth­i­cal be­hav­iour is a pri­or­ity of ours in or­der to boost trust in the fi­nan­cial sec­tor and of­fer a proper ser­vice to our clients.”

He said an­other ini­tia­tive start­ing year will tackle fi­nan­cial il­lit­er­acy.

“This is a jour­ney we want to start by ap­proach­ing lo­cal high schools and in­form­ing stu­dents about fi­nan­cial choices and fu­ture fi­nan­cial plan­ning.

“We be­lieve such an ini­tia­tive will make a dif­fer­ence as it will have a pos­i­tive im­pact on the younger gen­er­a­tion who are the fu­ture pro­fes­sion­als,” Ge­or­giades said.

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Deputy chair of the Par­lia­men­tary Com­mit­tee on Fi­nan­cial and Bud­getary Af­fairs Mar­ios Mavrides also re­ferred to the need to erad­i­cate fi­nan­cial il­lit­er­acy.

“It is some­thing we are in dire need of in Cyprus; to ed­u­cate peo­ple and pro­vide them with the cor­rect in­for­ma­tion to make the right de­ci­sions. Fi­nan­cial il­lit­er­acy is a ma­jor prob­lem, not just in Cyprus; but in Cyprus we paid a very high price for be­ing fi­nan­cially il­lit­er­ate.”

Mavrides added: “Many peo­ple have made many wrong de­ci­sions; also pol­icy mak­ers made a lot of mis­takes, bad de­ci­sions that cost Cyprus so­ci­ety not just money but also a lot of pain.”

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