CFA Institute announces intention to open Middle East in Abu Dhabi

CFA Institute, the global association of investment management professionals, has announced its intention to open a CFA Institute office in the Middle East in 2018.

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CFA Institute will work in close partnership with Abu Dhabi Global Market (ADGM) to establish its new presence to advance the CFA Institute mission to lead the investment profession by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society.

The office opening will be marked by an MoU signing between CFA Institute and ADGM in Abu Dhabi in October.  The collaboration between CFA Institute and ADGM underscores the mutual commitment of both organisations to contribute to a growing international centre of excellence for knowledgein the Middle East and beyond.

The MENA region is a key market for CFA Institute, with over 5,200 members and charter holders and eight societies. A total of 5,773 candidates registered for the June 2017 exams across the MENA region, an increase of 8% over the prior year, with the greatest number of candidates in the UAE (1,909), Saudi Arabia (869) and Egypt (544).

Commitment to MENA

Gary Baker, managing director, CFA Institute in Europe, the Middle East and Africa, said: “By establishing a permanent presence in Abu Dhabi, the opening of this new office signifies our commitment to the Middle East and North Africa.”

He added: “By supporting local societies, we can intensify our efforts to build market integrity, enhance market transparency, and embed professionalism and excellence in the regional investment management industry.”

Hamad Sayah Al Mazrouei, director of human resources and general services, ADGM, stated: “We hope to work closely with CFA Institute to explore new initiatives which strengthen the capabilities, proficiency and experience of financial professionals in Abu Dhabi and the wider region.”

 

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