NEW YORK: CFA Institute, the global association of investment management professionals, reports that 43 percent of the 52,315 candidates passed last month’s Chartered Financial Analyst (CFA) Level I exam.
The CFA Program is a globally recognized, graduate level curriculum that links theory and practice with real-world investment analysis, and emphasizes the highest ethical and professional standards.
These successful candidates now progress to Level II of the CFA Program, having taken the first step toward leading the way in building a sustainable investment profession.
The December 2015 exam saw a record number of Level I candidates tested, an increase of 11 percent from the previous year.
Additionally, in June and December of 2015 the highest total number of more than 103,000 candidates sat for Level I of the CFA Program, an increase of nearly 10 percent on 2014.
These record numbers of candidates reflect the increasing credibility of the exam and the growing demand from employers and regulators for the CFA designation.
“For more than 50 years, CFA Institute has minted the most rigorously credentialed practitioners who adhere to the highest educational, professional, and ethical standards and are committed to putting investor interests first,” said Paul Smith, CFA, president and CEO of CFA Institute.
“We are committed to developing future professionals with the necessary technical skills, knowledge, and ethics and with a clear understanding of their role in society. I congratulate today’s successful candidates who are now one step closer to earning the CFA designation, the mark of distinction that is globally recognized as the definitive standard for industry ethics and education.”
To earn the CFA designation, candidates must pass all three levels of exam (successful candidates often report dedicating in excess of 300 hours of study per level); meet the work experience requirements of four years in the investment industry; sign a commitment to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct; apply to a CFA Institute society; and become a member of CFA Institute.
The CFA Program curriculum develops knowledge and competencies that investment professionals deem necessary in today’s ever changing marketplace.
It covers ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, wealth management and portfolio analysis. Level I exams are offered in both June and December and Levels II and III are offered only in June. It takes most candidates more than three years to complete the CFA Program, and requires dedication and determination.
“The CFA Program is incredibly well-regarded,” said Jeff Spector, CFA, VP of strategic partnerships and alliances, FactSet.
“It’s known for its integrity, the difficulty of the exams, and its stature in the industry. There are many professional benefits of earning the CFA charter but the real outcome benefits our clients as we develop the investment knowledge base to serve their needs.”
The December 2015 Level I exam was administered in 102 test centers in 71 cities across 40 countries worldwide.
Examples of countries and territories with the largest number of candidates that took the Level I CFA exam last December are the US (11,676), Mainland China (9,502), India (4,991), Canada (3,890), United Kingdom (3,718), Hong Kong (2,110), Singapore (1,591), South Africa (1,257), and UAE (1,179).
According to the 2015 CFA Program Candidate Survey, more than 60 percent of respondents see career advancement and development opportunities as the main personal benefit to taking the CFA Program, closely followed by helping to achieve long term career goals.
Furthermore, 98 percent of candidates who responded believe that the CFA Program improved their understanding of important topics and, on a scale of one (very low level value) to 10 (very high level value), rate the value of the CFA charter as 8.9.
Candidates are very positive toward employment with 92 percent of candidates who responded expecting employment opportunities for investment management professionals to increase or stay the same over the next six months.
CFA Program boosts standards of investment professionals
CFA Program boosts standards of investment professionals
Rotortrade, SILZ partner to launch first fully integrated HeliPark in Riyadh
RIYADH: Global helicopter distributor Rotortrade has partnered with the Special Integrated Logistics Zone Co. to launch a new maintenance, sales and services hub in Riyadh, marking the Singapore-headquartered company’s first entry into the Saudi market.
The Rotortrade HeliPark will span about 6,000 sq. meters across three floors and offer aircraft sales, maintenance, repair, completions and customer services, the companies said in a statement.
The facility will serve as a regional operating base as Saudi Arabia seeks to attract foreign investment in advanced aviation services, with design work due to be completed by February 2026 and construction to begin immediately afterward, targeting completion within the same year.
The project follows the acquisition of Rotortrade by the Public Investment Fund-owned The Helicopter Co. and forms part of a broader push to expand the company’s global footprint.
The development aligns with Saudi Arabia’s Vision 2030 and the National Transport and Logistics Strategy, which aim to position the Kingdom as a global aviation and logistics hub.
Philippe Lubrano, founder and CEO of Rotortrade, said: “The Rotortrade Helipark represents our long-term commitment to the Kingdom of Saudi Arabia and the wider GCC region.”
He added: “It is more than just a facility — it is a destination. Clients will be able to explore our aircraft, enjoy premium hospitality, and access comprehensive end-to-end services under one roof.”
Lubrano said the project reflects the company’s ambition to establish Rotortrade as the world’s leading global helicopter dealership and offers a unique value proposition not seen elsewhere in the rotorcraft industry.
Fadi Al-Buhairan, CEO of SILZ, said the agreement marks a diversification of services at Riyadh Integrated, and the facility will provide “critical infrastructure that accelerates our transformation into a multimodal logistics powerhouse.”
Al-Buhairan added that attracting aviation service providers such as Rotortrade strengthens global trade links, supports the localization of advanced technical skills, creates jobs and reinforces Saudi Arabia’s position as a regional aviation hub.
He said the investment reflects SILZ’s commitment to Vision 2030 by building local helicopter maintenance and technical capabilities, boosting exports and creating specialized career opportunities in the Kingdom.
According to the statement, the facility will include multiple helipads, dedicated helicopter display areas and a comprehensive service center providing maintenance, repairs and operational support.
A high-end hospitality area will also offer dedicated spaces for hosting clients, VIPs, government officials and partners, blending business engagement with industry innovation.
