Wed 06-03-2019 10:36 AM
DUBAI, 6th March, 2019 (WAM) -- New York University Abu Dhabi was announced as the winner of the 2018-19 CFA Institute Research Challenge in the UAE, in a close competition hosted by CFA Society Emirates, the local UAE member society of CFA Institute.
The competing teams produced an equity research report on the financial performance of Dubai Islamic Bank, which was then judged by CFA Society Emirates and industry professionals based on accuracy, insight and analysis.
New York University Abu Dhabi will compete in the EMEA Regional Final in Zurich, Switzerland on 10th-11th April, 2019, against other teams from universities around the world. The winning team will then compete against some of the world’s top business schools in the Global Final on 25 April in New York, USA.
This year’s competition featured four universities including: American University of Dubai, Middlesex University Dubai, New York University Abu Dhabi and University of Sharjah.
"We would like to congratulate New York University Abu Dhabi and all the other participating universities in this year’s competition, as we seek to equip the UAE’s future investment professionals with the best practices in equity research. With the country’s capital markets and financial industry set to grow, the UAE’s status as an international investment hub and regional business capital will continue to attract regional and international institutions," Amer Khansaheb, CFA, President of CFA Society Emirates, said.
He added that as Dubai and Abu Dhabi both grow in their status as global financial centres, it is important develop a strong pipeline of professionals who are ready to contribute towards the industry’s advancement in vital areas such as equity research."
The CFA Institute Research Challenge, is an annual, global competition in which students work in teams to research and analyse a publicly traded company and then write a research report on their assigned company with a buy, sell, or hold recommendation. The experience involves hands-on mentoring and intensive training in financial analysis from their academics at their university, and investment professionals from their local CFA Society.