Industry News

    CFA Institute Webinars 

    We will offer a live webinar on 13 September 2017. We welcome you to promote this to members. Please note that this program is free and open to everyone regardless of membership status. Registered individuals who are unable to join in the live presentation will receive information via email about how to access the archived recording of the webinar.

    The World of Derivatives and Valuation Control
    Date: 13 September 2017
    Time: 6:00–7:00 p.m. India Standard Time. Convert to your time zone.
    Speaker: Karthik Ramamurthy, Standard Chartered GBS, Bangalore
    CE Credit: 1 CE credit
    Register now

    Cash and derivatives trading constitute core front office activities for most leading financial services firms, and the Valuation Control (VC) group plays a critical role in controlling and supporting these activities. The group formulates and implements valuation adjustment and price testing policies to ensure that the valuation of the Bank’s positions are appropriately recorded. In addition, the group is responsible for operating the controls around the daily benchmark rate setting and for the quarterly submission of the Bank’s Prudential Valuation Adjustments to the relevant financial regulators. For reference, the cumulative book size (by Total Asset) across major banks is estimated to be USD 12 trillion. The VC group across leading banks employs around 100-200 personnel and are expected to be well versed in both the analytical and numerical techniques relating to the valuation of a variety of financial instruments, including bonds, loans, derivatives as well as more bespoke, private equity related positions. The purpose of this webinar is to give a broad understanding of the Valuation Control process, including practitioner insights into best practices and current challenges.

    Karthik Ramamurthy heads the Valuation Control team at Standard Chartered GBS, Bangalore. Prior to working at Standard Chartered he worked at Goldman Sachs, JPMorgan, Barclays and CIBC in London, covering Valuation Control, Market Risk Management and IT. In his previous role at CIBC, he was Executive Director of Market Risk Management, overseeing European risk for all asset classes. He holds a Master's degree in Finance from London Business School.

    Continuing Education for CFA Institute members: Provide your CFA Institute ID number upon registration to facilitate the automatic entry of CE credit into your record at the close of the live webinar.

    Let us know if you have any questions. 

    Unpacking the Alphabet: Do ESG Reporting Initiatives Meet Investor Needs?

    Date: 19 September 2017
    Time: 10:00 a.m.–11:15 a.m. EDT
    Speakers: Simon Messenger, Andrew Jones, CFA, Nicolai Lundy, and Bastian Buck
    CE credit: 1.0 CE
    Register now
    Contact us with questions.

    Environmental, Social, and Governance (ESG) factors are increasingly seen as relevant for financial analysis, security selection, and asset allocation and are applied by investors with global, cross-sectoral portfolios (universal owners) as well as those who pursue dedicated “responsible investment” strategies. These factors can be applied either for negative, positive exclusionary screening or they can be, and are often implicitly integrated into, mainstream investment analysis. ESG information is also relevant for risk assessment across multiple horizons (short, medium, and long term).

    The effectiveness of ESG integration into investment strategies depends on the extent to which companies’ disclosures effectively convey useful (i.e. material for investment decision making, reliable and unbiased, accessible, comparable) information. There is a general recognition that one of the impediments to the use of ESG is the current poor quality of reporting these factors and especially the Environment (e.g. climate change) and Social (e.g. human capital) factors.

    To address shortfall in companies’ ESG reporting, various country, regional, and international initiatives have focused on enhancing ESG reporting, including the Sustainability Accounting Standards Board (SASB), Climate Disclosures Standard Board (CDSB), Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC) and the Financial Stability Board (FSB) Task Force for Climate Disclosures. The European Union has also issued the Non-Financial Information Directive.

    This 75-minute webcast is aimed at investors and interested parties and will feature speakers from influential organizations on ESG reporting. The webcast will have the following primary objectives:

    • To discuss principal investor needs for ESG information and practical examples of what good ESG reporting for investors would look like
    • To highlight similarities and differences across the main ESG reporting frameworks
    • To provide an implementation progress update including the level of adoption of the main ESG reporting frameworks including SASB, GRI, IIRC, and FSB recommendations and how these tally up with the EU Non-financial directive


    Simon Messenger joined the Climate Disclosure Standards Board (CDSB) as Interim Managing Director in 2017, with over 10 years of academic and professional experience in sustainability and non-financial reporting. Previously, Simon was Head of Consulting at the Energy Saving Trust, leading on the commercialization of projects related to energy-efficiency policy. In his roles at PwC and Deloitte, he focused on a wide range of sustainability, risk management and non-financial reporting issues, working across multiple countries in Europe, Asia, Africa and Central America in a range of sectors. Simon was also the author of CDP Global 500 and FTSE 350 reports from 2011 to 2013 and contributed to the development of core methodology, auditing about 1,500 companies on an annual basis. Simon holds two first-class degrees in environmental and climate change science.

    Andrew Jones, CFA, leads the IIRC’s investor engagement programme, which aims to help investors to understand the IIRC’s aims and the benefits of a broader more integrated approach to reporting and to encourage them to support or encourage this in their investee companies.
    Andrew is on a 50% secondment to the IIRC from KPMG Makinson Cowell. He has over twenty years of experience with Makinson Cowell (now part of KPMG) and leads Makinson Cowell’s research team, which advises stock market listed businesses on how institutional shareholders assess their investments and make investment decisions and the performance and valuation measures they use.
    Andrew is a fellow of the Institute of Chartered Accountants, a CFA® charterholder, and has long-standing experience on committees and panels involved in application of accounting standards and corporate reporting including: the UK’s UITF, the FRC’s narrative reporting panel and tax accounting panel. He also chaired the ICAEW’s Research Advisory Board until recently.

    Nicolai Lundy is SASB’s Director of Education and Partnerships where he oversees the membership, educational, and partnership programs, in addition to the SASB Navigator. Chaired by Michael Bloomberg, SASB standardizes the measurement of sustainability topics that have financial impacts on company value, such as safety-related defects for automobile companies, data security for software companies, and water scarcity for agricultural companies. In his role, Nicolai identifies opportunities for investment analysts, financial reporting and sustainability professionals, and securities lawyers to benefit from SASB’s research on material ESG factors across 79 industries. Previously, he led the development of SASB’s FSA Credential (a CFA Institute-approved source of CE credit), which helps candidates identify the sustainability factors that impact corporate value. Before joining SASB, he held various client management and operations roles in the private sector and higher education.

    Bastian Buck is the Director, Standards within Global Reporting Initiative, and responsible for all standard-setting activities at GRI. Bastian has extensive experience with the development of the GRI reporting guidance and the ins and outs of global multi-stakeholder processes, having been with GRI for more than a decade.



    CFA Society North Carolina presents

    Future of Finance Series: Leveraging Technology for the Future of Finance

    October  25


    CFA Society NC will convene thought leaders and practitioners to decipher and debate concepts disrupting the financial services industry.  Participants will learn the applications of technology and innovation driving transformations in decision-making, enhancing the client experience, and leading a digital banking revolution.

    The Westin Charlotte 601 S. College St Charlotte

    Registration 7:30 am 

    Conference 8 am - 6pm

    Today & Tomorrow

    Exponential Finance. Disruption. Opportunity.

    We seek leading professionals to attend our inaugural event bringing together financial and technology leaders from across the landscape. From exciting startups in blockchain and alternative lending to established institutions in goals-based investing, our goal is to create a differentiated dialog and networking experience.

    At the full-day event, we'll explore:

    • The Impact of Big Data & AI on Investment Decision-Making
    • Technology's Transformation of the Advisory Landscape
    • How Innovations Change the Way We Interact, the Way We Do Business
    •  Investing in the Next Frontier-The Significant Role of the Southeast


    Our region plays a significant role in the startup ecosystem as well as the realm of banking, payments, and private wealth management. So, plan to join the conversation on the Future of Finance.  

    Featured Speakers  

    Bestselling FinTech author, Global Industry Strategist, Experienced Quant and Risk Manager, International Keynote Speaker, FinTech  Entrepreneur and Thought Leader: Paolo Sironi is a true FinTech superstar! Paolo forges strategic innovation for Wealth Managers, Asset Managers and Banks with insights, vision, and lateral thinking on a global scale.

     Rich Cancro is CEO & founder of AdvisorEngine. Mr. Cancro has over twenty years of experience building and managing wealth management businesses, platforms and products. Prior to founding AdvisorEngine, Mr. Cancro held positions in Bank of America Merrill Lynch, JP Morgan Chase & Company, The Bear Sterns Companies, and Pershing. Rich is an expert in seeking to innovate the client experience of the future.

    Networking Opportunities

    The conversation continues with key sponsors, supporters and attendees from across the country including fintech companies, venture-capitalists, asset management firms, and leading research providers.

    Sponsorship Opportunities

    Be a visible part of the CFA Society NC experience by becoming a sponsor - it's an effective way to reach decision makers. Contact us for more information! 

    Contact us for more details!

    CFA Members Early Bird Pricing $250 (until Sept 15)  $350 (after Sept 15) 

    Non-Members/Guests Early Bird Pricing  $350 (until Sept 15)  $450 (after Sept 15) 


    For your convenience, we have a block of overnight rooms on Oct 24 and Oct 25 held until Sept 25 at the Westin.  For more information or registration

    See you at the conference!

    This event is CFA CE qualified for 8.0 credits

    919-676-3577     @cfasocietync