US-based Chartered Financial Analyst (CFA) Institute plans to open an India centre in Mumbai by the second quarter of the next year. With almost 25,000 candidates every year from India, it is the third biggest market for the institute with US being at the top followed by China. The institute operates in India through its member societies such as the Indian Association of Investment Professionals.
The India centre aims to make the Institute a better known name in the country as a professional designation for investment managers and security analysts. This involves working closely towards industry, employers, universities and regulators to build the brand of CFA within the financial services world. The Mumbai office is expected to be a fully functional office where the CFA Institute will have people engaged with regulators, industry and educational activities. Institute works with partner institutes in each country to extend its professional qualifications. In India, too, the institute is looking to partner with local institutions.
The institute would also focus on its ‘Future of Finance’ project. Initiatives under the project are divided into six areas- financial knowledge, putting investors first, regulation and enforcement, retirement security, safeguarding the system, transparency and fairness.