KARACHI - The Institute of Capital Markets (ICM), leading finance industry organisation for licensing certification in Pakistan, has signed a memorandum of understanding (MoU) with CFA Institute, the global association of investment professionals, and its member society CFA Society Pakistan (CFAP) to jointly organise globally relevant, professional education and training, and promote ethical practices in the country.
All three parties recognized that the initiative will add immense value to building standards in capital market, as well as promote ethics in the capital and financial industry of Pakistan.
“This collaboration will enable us to launch a series of quality educational initiatives by leveraging the proven experience and expertise of CFA Institute and CFAP, particularly in the areas of ethics and professionals standards for finance industry,” said Syed Javed Hassan, CEO of the ICM. “This is a significant step in talent creation and capacity development, producing market practitioners familiar with international investment instruments as well as global best practices. It will go a long way to meet the current and future needs of our country.”
“We are delighted to join our Pakistan member society and partner with ICM for the opportunity to promote globally relevant education programs, best practices and ethical standards. Building trust in the financial industry is critical for the greater good of society.
We look forward to working closely with our partners to promote capital market integrity and support market development in Pakistan,” said Paul Smith, CFA, MD of Asia Pacific at CFA Institute.
Muhammad Ali, the SECP chairman who also heads the ICM Board of Directors, thanked CFA Institute for its support to the ICM. “I believe the MoU will enable the ICM to launch quality educational initiatives by utilizing the proven experience and expertise of CFA Institute.”