Introducing the CFA Program and the CFA Institute

March 13, 2009

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Mission of the CFA Institute

The global association of investment professionals.

We administer the Charter Financial Analsyst (CFA) program,

Promote the highest ethical standards,

And offer a wide range of educational opportunities around the world.

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Characteristics of the CFA Program

RelevancePractice analysis to define curriculumPrinciples relevant in every market around the world

Rigor Work experience requirement (4 years)Only 19% complete the entire 3-exam programGreat equalizer

RecognitionCFA Charter recognized globally

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Global Passport: The CFA CharterMembers’ Locations

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Charterholders

As of 1 September, there were 82,902 active charterholders worldwide (more than 100,000 have been awarded).

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2007 and 2008 Exam Results

December 2008

Over 49,000 candidates took the exam; 35% passed

June 2008

More than 92,000 candidates sat for the June 2008 exam

Pass rates –

35% at Level I

46% at Level II

53% at Level III

December 2007

More than 37,000 candidates sat for Level I in December with a pass rate of 39%

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High Regard for the Charter: The Economist

“Whereas there are tens of thousands of finance degrees available around the world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA Institute. It used to be just an American qualification. But explosive growth has made it, in effect, global currency.”

The Economist

26 Feb.-4 Mar. 2005

Introducing CFA Austria

Vienna, March 13, 2009

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Society History

Founded in 2001

The 101st „Society“ of CFA Institute

Rapid growth from 15 members to over 200 members today.

On average 20-40 new charterholders per year in Austria!

Name change from ASIP to CFA Austria in 2006

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Vision (1)

We envision a CFA Austria that:

All serious investment professionals in the region aspire to be a part of Investment professionals go to first when seeking the CFA credential and continuing

education Leads the industry’s thinking in the region in the area of ethics, integrity, and

excellence of practice Partners with its network of strong societies in the region to deliver on the mission Forever derives its strength and energy from its highly qualified volunteers

In order to achieve this vision various „Stakeholders“ of the Financial Community should be involved.

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Vision (2)

Our vision builds on our beliefs that:

Financial markets should be equitable, free, and efficient so that every investor has a chance to earn a fair return

The interests of the ultimate investor must take precedence over the interests of all other market participants

High ethical principles and self-regulatory standards are as important to market efficiency and fairness as rules and regulations

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Membership Profile

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Stakeholders

Members and CFA Candidates Universities (Students und Professors) Media Potential Employers / Headhunters Regulators / Stock Exchange / Capital Market General Investing Public

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Stakeholder Activities

Annual Charter Award Ceremony Job Platform: Cost efficient way for employers to contact CFA Austria

members. Universities: CFA Austria Prize (Students and Professors) CFA Exam Preparation: Kickoff – Event for candidate study groups Outreach Event 2008: The Role of the Rating Agencies in the Sub-Prime

Crisis (Media) Outreach Event 2008: Introducing the CFA Charter Credential (Potential

Employers, Headhunters) Outreach Event 2009: Have regulators failed investors? Roundtable

discussion with the FMA, OeNB, and the Vienna Stock Exchange

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CFA Austria Prize on www.e-fundresearch.com

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CFA Austria Outreach – Media on www.e-fundresearch.com

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CFA Austria Outreach – Potential Employers/Headhunters in Format, August 2008