ASEA and CFA Institute sign Memorandum of Understanding to raise standards of education and professionalism in the investment management industry

ASEA and CFA Institute sign Memorandum of Understanding to raise standards of education and professionalism in the investment management industry

Tuesday 20, June, 2016 Lagos, Nigeria: the African Securities Exchanges Association (ASEA) signed a two year Memorandum of Understanding (MoU) with CFA Institute to increase access to the professional education programs and standards of professionalism within the ASEA community’s jurisdictions.

CFA Institute has extended its suite of educational offerings to ASEA member exchanges, regulators, brokerage firms and any other capital market stakeholder within the ASEA member exchanges’ jurisdictions, at discounted rates effective 20 June 2017 as follows:

  1. CFA Institute Investment Foundations™ certificate: the program covers the essentials of finance, ethics, and investment roles, providing a clear understanding of the global investment industry – USD 200 per examination
  2. CFA Program Scholarship: eligible candidates can enroll in the CFA Program to begin earning the Chartered Financial Analyst® (CFA) credential, the most respected and recognized investment management designation in the world – USD 350 per examination
  3. Certificate in Investment Performance Measurement Program (CIPM): for advanced, globally-relevant, and practice-based investment performance and risk evaluation skills which enable professionals to put clients’ interests first – USD 350 per examination
  4. Ethical Decision-Making webinar – free access to an ethical decision-making framework for the highest standards of ethics in the investment profession.

Mr. Oscar N. Onyema, OON, President of ASEA, welcomed Paul Smith, CFA, President and CEO of CFA Institute, to Nigeria and commented:

“This new partnership with CFA Institute complements our strategic objectives and we are delighted to be working together for the mutual benefit of our organizations, by providing capital markets stakeholders on our continent with the skills and tools they need for sound investment management and ethical practices. The more we promote proficiency and ethics in our markets, the more African markets will be attractive to investors.”

Paul Smith, CFA, President and CEO of CFA Institute commented: “This MoU is our first significant step towards beginning to invest more meaningfully in Africa. By bringing our programs to the ASEA community, we hope to enable employees to train and capacity-build for Africa and contribute to the development of its financial markets.”

For further information on how to participate in these certification programs, please visit the microsite dedicated to ASEA participants.


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