Asia Pacific remains largest source of CFA candidates in 2013
24 June 2013
News, Asia, Global, Middle East
By Asia Asset Management
CFA Institute has announced that 146,605 candidates from 168 countries registered for the Level I, II and III CFA exams administered on June 1 worldwide.
Regionally, Asia Pacific continues to be the largest source of candidates, with 63,104 registered for the June 2013 exam, accounting for 43% of the total. The Americas saw the registration of 51,350 candidates, 35% of the total, and 32,148 candidates registered in EMEA (Europe, Middle East, and Africa), accounting for 22% of the total.
Meanwhile, the Middle East saw a strong representation from investment professionals in the region choosing the CFA exam: a total of 3,993 candidates affirmed their commitment to professionalism in finance by enrolling for the CFA exams, representing 12% of candidates from the EMEA region. The CFA exams took place at ten test centres in the Middle East: Abu Dhabi and Dubai (UAE); Amman (Jordan); Beirut (Lebanon); Jeddah and Riyadh (Saudi Arabia); Safar (Kuwait); Manama (Bahrain); Muscat (Oman) and Doha (Qatar). The UAE, Saudi Arabia and Egypt had the most candidates, followed by Lebanon and Bahrain.
Nitin Mehta, CFA, managing director for Europe, Middle East and Africa, at CFA Institute, commented: "It is pleasing to see the number of registrations being sustained in the Middle East as professionals are continuing to see value in getting qualified. Our recent CFA Middle East Societies Market Sentiment Survey suggests that this is being driven by a number of factors, including a growing demand for well-qualified investment professionals, and an urgent need to restore trust in financial markets."
The exam follows the 66th CFA Institute Annual Conference where John Rogers, CFA, president and CEO of CFA Institute, called for a reinvention of the system to shape a more trustworthy future of finance that better serves society and to restore levels of trust to those of pre-financial crisis days.
"Last month at our annual conference, CFA Institute called for reform in six key areas to shape a more trustworthy, forward-thinking financial industry for future generations," Mr. Rogers added. "In order to make this happen we need those future generations to drive the change and tackle these issues. Through their hard work and dedication to the CFA Institute Code of Ethics and Standards of Professional Conduct, the candidates who will take the CFA exams this weekend are already committed to raising the professional standards of all participants in this industry, and to rebuild public trust."
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