President of a global association of investment professionals to visit Sri Lanka
The head of Chartered Financial Analyst (CFA), which is a global association of investment professionals, is to visit Sri Lanka and the Sri Lankan unit of the CFA Institute is to sign an agreement with the local capital markets watchdog, Securities and Exchange Commission of Sri Lanka, to promote governance during the CFA global head’s visit.
Paul Smith, President and Chief Executive of the CFA Institute, is to visit Sri Lanka to recognize several key community service and public engagement initiatives undertaken by the CFA Society Sri Lanka.
“This visit is an acknowledgement of continued efforts of the CFA Society Sri Lanka to improve financial literacy and to promote the highest ethical standards and professional excellence within the local investment community,” a statement announcing the CFA head’s visit has stated.
During his visit, Smith will attend several advocacy and outreach initiatives conducted by the CFA Society Sri Lanka, the statement has noted.
The statement has further noted that one will be the official signing of an agreement between the Securities and Exchange Commission of Sri Lanka and CFA Society Sri Lanka to promote stakeholder consultations and best practices on governance.
The agreement is a key strategic initiative of the CFA Society Sri Lanka to advance its advocacy and outreach objective of promoting fair and transparent capital markets and investor protection, the statement has added.
OSL take:
Sri Lanka hosting an international finance conference as well as the visit to the country by the global head of the association would boost the country’s image in the international financial market. The signing of an agreement with Sri Lanka’s Securities and Exchange Commission as well as the participation of many international financiers will give Sri Lanka added exposure as a business/investment destination in the South Asian region. These foreign financial experts could explore the country as well as business/investment opportunities in Sri Lanka during their visit to the island.
| Article Code : | VBS/AT/29072019/Z_3 |