Markaz Sponsors CFA Kuwait Society Inaugural Event

17/04/2009

Markaz sponsored CFA Kuwait Society inaugural event, which was held recently at Safir International Hotel, under the patronage of Mr. Bader M Al-Sa ad, the Managing Director of Kuwait Investment Authority and by HE Deborah K. Jones, US Ambassador to Kuwait as chief guest to the event. Mr. Ray DeAngelo, Managing Director, CFA Institute, Virginia, US also attended.

The event, which was attended by CFA holders and CEOs from leading institutions in Kuwait and other leading decision makers, featured a technical presentation titled Whats next for GCC Markets? by Mr. Tarek Fadlallah, CFA. It also featured awarding the CFA charters to new charter holders.

Mr. M.R. Raghu, Head of research at Markaz and the First President of CFA Kuwait thanked Markaz at the event “We would like to thank Kuwait Financial Centre “Markaz” for sponsoring the dinner reception. Through CFA Kuwait chapter, we aim to promote the highest standards of ethics and professional conduct in the Kuwaiti investment industry and raise awareness of the CFA designation. Kuwait’s CFA Society is the newest member in the Middle East. CFA Kuwait aims to position Kuwait as the investment hub of the region. The large presence of investment companies along with active involvement of sovereign wealth funds, pension funds, and regulators lend the scope and breadth to achieve this objective. The society will encourage and assist Kuwaitis to achieve the coveted CFA charter.”

Mariam Alsuwailem from Markaz said “It is our pleasure to sponsor the CFA Kuwait Society’s inaugural event. We encourage more research and academic institutions to have a presence in Kuwait. With the growth witnessed in the financial sector during the past five years, developing human resources, the real asset for any successful business, is a must, which is also an integral part of the economic development of the country.”

CFA Institute, the leading professional mark recognized by investment analysts worldwide, announced the establishment of the CFA Kuwait chapter in August 2008, the seventh in the Middle East and 136th globally.

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Photo Caption: Group picture from the event.
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About Kuwait Financial Centre “Markaz”

Kuwait Financial Centre S.A.K 'Markaz', with total assets under management of over KD. 880 million as of December 31, 2008 was established in 1974, and has become one of the leading asset management and investment banking institutions in the Arabian Gulf Region. Markaz was listed on the Kuwait Stock Exchange (KSE) in 1997; and was awarded a BBB+ corporate rating by Capital Intelligence Ltd.

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