CFA SOCIETY PORTUGAL Institutional Profile January 2015

� CFA Institute � Global community of more than 120.000 investment

professionals in more than 145 countries � Develops and promotes professional and ethical

standards through a graduate-level investment credential

� Recognized by regulatory bodies � More than 180 universities incorporate the CFA

curriculum into their degree programs

� Mission � To lead the investment profession locally by setting the

highest standards of ethics, education and professional excellence

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CFA INSTITUTE

� CFA Institute Portfolio

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CFA INSTITUTE

CFA ® Program

Claritas™  Investment  Certificate

Educational Resources and Publications

Events and Conferences

Ethics and Standards

CIPM® Program

In addition to administering the CFA Program, CFA Institute provides other educational opportunities including the CIPM Certification and the Claritas Investment Certificate

� CFA Institute members by region

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CFA INSTITUTE Increasingly, the CFA Charter is a globally recognized credential, with more than 120.000 investment professionals in more than 145 countries…

� CFA Program candidates by region

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CFA INSTITUTE CFA Program candidates, many of whom represent CFA future members, have an even more diverse international profile than current members…

� Hold a bachelor's degree in any subject (or be in the bachelor’s final year)

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CFA INSTITUTE To earn the Charter, there are 3 conditions, namely holding a bachelor’s degree (or be in final year), demonstrate work experience and pass the three CFA exams…

� Demonstrate at least four cumulative years of relevant work experience

� Pass the three CFA exams

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2

3

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CFA INSTITUTE

CFA charterholders by sector(*)

CFA charterholder employment by title

(*) Represents 82% of respondents

Source: CFA Institute (data as of September 2012).

Top global employers

6%

1%

1%

1%

1%

2%

3%

3%

4%

5%

18%

37%

Other

Venture Capital

Indexed

Foreign Currency

Commodities

Structured Products

Real Estate

Hedge Funds

Derivatives

Private Equity

Fixed Income

Equities

40%

4%

5%

6%

7%

15%

22%

Other (e.g. traders)

Risk Managers

Relationship Managers

Consultants

Chief Executives

Research Analysts

Portfolio Managers

CFA charterholders can be found in virtually every sector of the financial markets

� CFA Society Portugal � As one of 144 CFA Institute member societies, CFA

Society Portugal connects its members with the world’s largest association of investment professionals

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CFA SOCIETY PORTUGAL

CFA Institute

CFA Society Portugal

CFA Society (others)

…

Member societies

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CFA SOCIETY PORTUGAL

� CFA Institute Mission:

� “To lead the investment profession locally by setting the highest standards of ethics, education and

professional excellence.”

� CFA Society Portugal supports CFA Institute Mission, based on the following four pillars:

Promote the ethical and professional standards within the Portuguese investment

industry

Encourage members and other investment professionals in Portugal to further their

financial knowledge

Facilitate the exchange of information and opinions among financial professionals

Promote  the  general  public’s  understanding  of  the CFA designation and investment

industry

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3

2

4

CFA Society Portugal supports CFA Institute Mission, based on four pillars…

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CFA SOCIETY PORTUGAL

2011-2012 Preparation of the business plan first draft (throughout 2011 and 2012)

Nov-2012 First Charter-award dinner in Lisbon (organized by the start-up members in Portugal and sponsored by CFA Spain)

May-2013 Achievement of more than 50 founding members and conclusion of new Society by-laws. Submission of documentation for CFA Institute new society approval

Jul-2013 New society in Portugal approved by the CFA Institute as a new CFA Institute member society

Aug-2013 New society legal establishment in Portugal

Dec-2013 First CFA Portugal Charter-award dinner in Lisbon

May-2014 First CFA Portugal conference in Católica Lisbon School of Business & Economics. Survey deployment to CFA Portugal members

Jun-2014 First CFA Portugal exam-day event First CFA Portugal career event (in Gulbenkian Foundation)

The start-up group started the business plan development in 2011 and the new Society was approved and established in mid-2013

Nov-2014 Second CFA Portugal Charter-award dinner in Lisbon

Jan-2015 First CFA Portugal General Assembly

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CFA SOCIETY PORTUGAL

Statutory Bodies

Board of Directors

Auditor

� Miguel Maia – President � Carlos França – Vice-President � Cláudia Cruz de Almeida (Vieira de Almeida & Associados,

SARL) – Secretary

General Assembly

� Ulugbek Suyumov – President � Marcos Ribeiro – Vice-President � João Caiano – Vice-President � Pedro Barata – Vice-President � David Ribeiro – Treasurer � Luís Castro – Secretary � Cláudio Cardoso – Board Member

� PricewaterHouseCoopers & Associados – Sociedade de Revisores Oficiais de Contas, Lda., represented by José Manuel Henriques Bernardo (auditor) or Carlos Manuel Sim Sim Maia (auditor)

The composition of the CFA Portugal Statutory Bodies is the following…

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CFA SOCIETY PORTUGAL

Board of Directors

Career Development

Fund Raising

Advisory Board

Ulugbek Suyumov (President) Pedro Barata (VP) João Caiano (VP) Marcos Soares Ribeiro (VP) David Ribeiro (Treasurer) Luís Castro (Secretary) Cláudio Cardoso (Board Member) Prof. Miguel Athayde

Marques

Education Membership Best Practices

Sandra Costeira Cláudio Cardoso Carlos França

Miguel Maia Ulugbek Suyumov

Marcos Soares Ribeiro

Public Awareness

João Caiano

Society Committees

Volunteers

The CFA Society Portugal management team is composed by 10 members (7 board members and 3 head of committees for specific activity plans)

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Membership trend

Candidate trend

The CFA Charter has been increasingly recognized in Portugal, with the membership reaching almost 100 CFA Institute members as of November 2014

� CFA Society Portugal members represent approximately 2/3 of the total number of CFA Institute Portuguese members (increase from 60% in 2013 to 66% in 2014)

� In terms of candidates, FY14 has registered an increase in the total number of candidates, specially in the case of new level I candidates (from 93 in 2013 to 112 in 2014)

CFA SOCIETY PORTUGAL

86 96 97 117 99 93 112

95 115 137 127 152 126 122181

211 234 244 251 219 234

FY08 FY09 FY10 FY11 FY12 FY13 FY14New Level I Candidates Other Candidates

Source: CFA Institute..

57 5771 80 79 84 93

50 61

2008 2009 2010 2011 2012 2013 2014Portuguese Members CFA Society Portugal Members

CAGR8,5%

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Members age

Occupational breakdown

Career goals Current seniority level

CFA SOCIETY PORTUGAL

17%

15%

15%8%8%

8%

6%

26%

Portfolio ManagerCorporate Financial AnalystResearch AnalystInvestment Banking AnalystManager of ManagersTraderConsultantOther

8%

44%

20% 24%

4%

Junior Senior Middlemanagement

Seniormanagement

Boardlevel

Source: Survey as of June 2014.

According to the CFA Portugal members’ survey as of June 2014, members are looking for a higher seniority level as well as more experience in his/her career

20%

24%

36%

36%

40%

56%

Increase technical knowledge

Internationalize career

Other professional project

Be promoted

More experience

Higher seniority level

10%

23%

40%

21%

0% 4% 0 2%

26-30 31-35 36-40 41-45 46-50 51-55 56-60 61-65

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� Organize educational events and promote participation in other

educational events in Portugal

� Provide platform for CFA examination preparation to the CFA candidates (e.g. online training, mock exam sessions, etc.)

CFA SOCIETY PORTUGAL Regarding the strategic plan, the CFA Society Portugal has defined the following driving factors to be implemented during the first 5 years of activity

Provide a strong platform for continued

education…

…develop  a career services center…

…and  develop  and strengthen the

relationships with financial industry

� Provide orientation at early career stages by setting up mentoring programs

� Promote information on current job offers � Help members with long term career management

� Organize joint workshops, training sessions and seminars to promote financial and ethical education and awareness among the financial professionals in Portugal

� Promote the CFA Charter awareness and value

� CFA Program

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CFA INSTITUTE