University of the Philippines Diliman Wins CFA Institute Research Challenge Global Final

University of the Philippines Diliman Wins CFA Institute Research Challenge 
Global Final 
MANILA, PHILIPPINES -- (Marketwired) -- 06/24/14 --  The University
of the Philippines Diliman was 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 edged out 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.)  
Looking through the record history, 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. 
April Lynn Tan, CFA, president of CFA Society Philippines said the UP
Diliman team has proven again to be solid representatives of the
future of our industry. "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 Tan. 
The UP team was composed of Geoffrey Archangel Bautista, Diego
Mikhail de Ocampo, Nigel Williamson Lee, Corrine Francesca Reyes, and
Miguel Alfonso Solidum and 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
"We are very honored to share this achievement with the Philippine
finance community. Our rigorous preparation every step of the way has
helped us learn what it takes to excel in the finance profession.
Financial skills are important, but so too is adherence to the
highest ethical standards," said Professor 
Commenting on nurturing financial professionals, Mr. Hans B. Sicat,
President and CEO of the Philippine Stock Exchange (PSE) said, "The
PSE is committed to providing continuing education to market
participants and investors. As such, it commends the CFA Institute
for its efforts in supporting the development of the next generation
of financial professionals through the Research Challenge. The future
of investment research looks even better when students are exposed to
the excellence and ethical standards observed by CFA charterholders,
and the team from the UP Diliman is to be congratulated for being the
best in the field." 
The CFA Institute Research Challenge is an annual educational
initiative that promotes best practices in equity research through
hands-on mentoring and intensive training in company analysis and
presentation skills. Throughout the course of the competition, which
requires hundreds of hours of preparation, participants receive
mentoring from an industry professional as they analyze a publicly
traded company, write a professional research report, and present
their research results and recommendations to a high-profile panel of
experts. Ethics and professional standards are at the core of the
process and all participants are held to the CFA Institute Code of
Ethics and Standards of Professional Conduct. Points are awarded to
teams on the basis of their investment case, poise, and ability to
answer the judges' questions.  
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.  
The winning team is awarded a USD$10,000 grant for the university,
and each team member receives a scholarship for the CFA Program.  
About CFA Institute
 CFA Institute is the global association of
investment professionals that sets the standard for professional
excellence and credentials. The organization is a champion for
ethical behavior in investment markets and a respected source of
knowledge in the global financial community. The end goal: to create
an environment where investors' interests come first, markets
function at their best, and economies grow. CFA Institute has more
than 120,000 members in 142 countries and territories, including more
than 115,000 CFA charterholders, and 143 member societies. For more
information, visit 
Media Contact 
Rachel Lai
CFA Institute
+852 3103 9347 
Wem Mangcucang 
FleishmanHillard Manila
Manda Yamsuan
FleishmanHillard Manila
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