CFA SOCIETY EGYPT joins global movement of trusted professionals that put investor interests first
CFA SOCIETY EGYPT announces that it will join with many other CFA Societies from around the world to recognize May as Putting Investors First Month, a global initiative that seeks to build awareness and unite investment professionals in a commitment to place investor interests above all others. CFA SOCIETY EGYPT will host a panel discussion beginning of June 2015 with Mr. Usman Hayat — Content Director at CFA Institute, specializing in Islamic finance and sustainable responsible and impact investing — as a Keynote speaker to mark the Egyptian Market’s participation in this global initiative to help call attention to the needs and rights of investors.
Throughout the month of May, many of the 144 CFA societies worldwide will host local events, and call attention to the needs and rights of investors by endorsing the Statement of Investor Rights, a list of ten rights that any investor should expect from financial service providers.
“Today our members join a host of investment professionals around the world to stand together for what is right, and in investors’ best interests,” said Ahmed Abouelsaad, Society President . “It is our aim to raise awareness in the Egyptian market of the paramount responsibility of all financial professionals to protect the interests of investors above all else.”
Statement of Investor Rights Helps Investors Demand Ethical Behaviour
The central focus of Putting Investors First Month 2015 is the Statement of Investor Rights, which financial professionals can endorse and share with their clients and communities; investors are also encouraged to read and endorse the Statement. The Statement applies to financial products and services such as investment management, research and advice, personal banking, and insurance and real estate. It includes rights that investors are entitled to expect such as objective advice, disclosure of conflicts of interest, and fair and reasonable fees. The Statement is intended to help investors demand that financial professionals abide by these rights.
“We want to encourage investors and investment professionals to share and endorse the Statement of Investor Rights so we can ensure a global commitment to ethical principles and strengthen a culture of ethical behaviour,” said Ahmed Abouelsaad, Society President. “We hope to inspire the financial industry in the Egyptian market to participate in Putting Investors First Month, be it through an event or endorsing the Statement of Investor Rights.”
Putting Investors First Month is part of the CFA Institute Future of Finance initiative, a global effort to shape a trustworthy, forward-thinking financial industry that better serves society. For more information about the Future of Finance, Putting Investors First Month, and the Statement of Investor Rights, visit www.cfainstitute.org.
