‎Capacity building: African Exchanges sign MOU with CFA

The African Securities Exchanges Association (ASEA) has 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.

Commenting on the partnership, Mr Oscar Onyema, President of ASEA and Chief Executive Officer of the Nigerian Stock Exchange (NSE) noted “This new partnership with CFA Institute complements our strategic objectives and we are delighted to be working together for the mutual benefit of our organisations, 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.”

On his part, Paul Smith, CFA, President and CEO of CFA Institute added that “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.”

The African Securities Exchanges Association is the Premier Association of the twenty-seven (27) securities exchanges in Africa who have come together with the aim of developing Member Exchanges and providing a platform for networking. ASEA was established in 1993 and works closely with its Members to unlock the potential of the African Capital Markets.

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organisation is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 150,000 members in 166 countries and territories, including 144,000 charter holders, and 148 member societies.