At the finale of the CFA Institute Research Challenge held in Mumbai, Indian Institute of Management (IIM) Bangalore and Indian Institute of Foreign Trade (IIFT) Delhi emerged as winners to represent India in the finals of 2014 Asia Pacific Regional competition.
The India competition witnessed 43 leading business schools and more than 209 students across the country competing over the past six months in the prestigious competition, an annual global educational initiative launched by CFA Institute.
In India, CFA Institute and its member society Indian Association of Investment Professionals (IAIP) hosted the local competitions. The India competitions were supported by three premier organizations, including the National Stock Exchange of India (NSE), Bloomberg, and Fitch Learning as sponsors and long-term corporate partners.
Five Regional winners from each zone (Central, North, South, East and West) presented their research reports and equity recommendations to a distinguished panel of judges at the India National Final held at the Bloomberg offices in Mumbai on 31st January 2014.
This year's panel of judges for the India National Final comprised Mr. Saurabh Mukherjea, CFA, CEO, Institutional Equities Business, Ambit Capital; Mr. Harrish Zaveri, Senior Vice President - Head of Research, DSP Black Rock Investment Managers Pvt. Ltd; Mr. Mahesh Patil, Head - Equities, Birla Sunlife Mutual Fund.
The triumphant IIM Bangalore and IIFT Delhi teams are all geared up to represent India at the Asia Pacific Regional Final to be held on 24th April 2014, when they will compete against teams from Beijing, Hong Kong, Indonesia, Japan, Korea, Malaysia, Melbourne, New Zealand, Pakistan, the Philippines, Shanghai, Singapore, Sri Lanka, Sydney, Taiwan, Thailand, and Vietnam.
Mr. Kishor Bagri, CFA, SVP & Portfolio Manager - ING Investment Management India Private ltd and Director of IAIP said, "The continued partnership and contribution from our partners, NSE, Bloomberg and Fitch Learning have enabled IAIP to take this annual event from strength to strength and has progressively gained visibility across renowned B Schools,"
"The event is keenly sought after amongst the top B schools and has fostered healthy competition within individual B schools for team formation to represent their school. The hard work and focussed effort of the last six months culminated with two teams out of the 43 schools making the cut to represent India at the Asia Pac levels. Congratulations to the winners and all the best for the next round,"
"We thank industry professionals for mentoring and judging the teams, as well as faculty advisors for guiding the teams. The collective and sustained effort has helped enhance the quality of future investment professionals. The students also benefitted through very comprehensive feedback session by the judges which would be of immense value in their professional careers."