Pinoy pride in the field of Finance. So the world knows Pinoys are world-class singers, dancers, boxers, and billard players, but to be recognized as world class in the area of finance is surely a big leap for the global image of Pinoys who are usually known simply as caring nannies and honest cashiers. This win is definitely something to celebrate about so let’s shout how proud we are of our hardworking, intelligent students. The future of Pinoys in the field of Finance is being re-written by these group of UP students. We must now look beyond the petty school rivalries and unite as a race that can rise up and be a force to contend with in the global arena of Finance.
The University of the Philippines Diliman has been declared champion of the eighth CFA Institute Research Challenge Global Final, an annual competition considered ‘the investment Olympics’ for university students. The UP Diliman team beat out strong competition from the other finalists, Politecnico di Milano of Italy (representing Europe, Middle East, and Africa) and the University of Missouri, Kansas City (representing the Americas.)
The victory in Singapore earned UP Diliman the distinction of being the only university to win the Global Final twice, recognizing the world-class talent of future finance professionals in the Philippines and the Asia-Pacific region. UP Diliman last won the Global Final in 2010.
The Research Challenge offers students the unique opportunity to learn applicable professional skills from leading industry experts and gain real-world experience as they assume the role of a research analyst. The UP team of Geoffrey Archangel Bautista, Diego Mikhail de Ocampo, Nigel Williamson Lee, Corrine Francesca Reyes, and Miguel Alfonso Solidum presented a buy recommendation on Meralco and defended their recommendation before an international panel of judges. Raymund Abara, CFA, of Vicsal Investment Inc. served as mentor, while Professor Daniel Vincent Borja served as faculty advisor.
“The team’s victory is an impressive feat as over 800 universities worldwide vied to make it to the finals and brings great honor to our country. We thank the team’s mentor and teachers who guided the team toward success. These aspiring financial professionals are the agents of the next era of finance – one of integrity, stewardship, and professional excellence. Through their strong leadership, knowledge, and ethics, we can move closer toward a more trustworthy finance industry,” said April Lynn Tan, CFA, president of CFA Society Philippines.
“The PSE commends the CFA Institute for its efforts in supporting the development of the next generation of financial professionals through the Research Challenge,” shared Mr. Hans B. Sicat, President and CEO of the Philippine Stock Exchange (PSE).
CFA Institute, the global association of investment professionals, and its over 140 member societies worldwide including CFA Society Philippines, host local and regional Research Challenge competitions leading up to the Global Final, where the winning teams from the three regional finals compete. In 2013-2014, more than 3,700 students from over 800 universities around the world participated in the Research Challenge.