CFA UK REPORT
The advertisements aim
to inform professionals in
CHRIS DAVIS, FSIP (1936-2008)
the fi nance industry about
the benefi ts of attaining the
Chris Davis joined the Society in which took place at a time when
CFA charter and of joining
1963 and, from 1968 onwards, conferences on investment
CFA UK.
was one of the ‘second matters were far less frequent
generation’ of analysts who than they are now.
contributed so much to the Chris brought to all this, and
Bonham Carter
development of our profession, to his later chairmanship of the
recommends
after the Society had been Society, not only a concern for
management buy-outs
founded some years earlier. professional excellence but also
It is diffi cult in today’s world the characteristics of the ideal
Management buy-outs can
to remember how much needed Englishman. He was charming
result in a better alignment of
to be done – indeed invented – at and calm, also effi cient, and very
risks between managers and
that time. Chris was particularly much concerned with human
clients says Edward Bonham
concerned in building up the values – I only once saw him
Carter, chief executive and
development of the European upset, and that was in response
CIO of Jupiter Asset
Federation of Financial Analysts to a rather ruthless comment
Management. Speaking to
Societies, which had been which ignored the human
CFA UK members on
founded by our predecessors. His dimension involved in a planned
September 18, Carter
role was often in the planning of activity. It was a privilege to work
suggested risks are poorly
international conferences which with him.
aligned in publicly traded
brought the disparate countries
companies. of Europe closer together and David Damant, FSIP
Carter’s justifi cation for his
view is simple: “we treat our
cars better than a hire car”, older staff members to Watkins, education director hopes to become an expert in
he says. younger employees. at CFA UK: “More than Sharia banking law. He is
However, Carter admits it A company in the fi nancial double the number of particularly interested in
is not a perfect solution and it services sector that was part candidates applied for the equity capital markets and
brings its own problems. He owned by employees was the scholarships this year and would like to ensure that
says it takes discipline not to failed investment bank, Bear they were of a very high “Islamic clients’ needs are met
sell your stake in bull Stearns. However, Carter says calibre. However, four in an enterprising and
markets, which would not be this is not a good example of individuals made exceptional dynamic way.”
in the int erests of the management ownership applications.” Yanina Pavlova is a
company’s long-term because staff owned the The four winners are: qualifi ed chartered
prospects. Further, there are company through deferred • Moshin Ahmad accountant and holds two
issues with how to process the status, such as through • Karim Farrag masters degrees. She is
transfer of ownership from options. This is different to • Yanina Pavlova currently an oil and gas analyst
Jupiter’s ownership structure • Robert Richards at Infi eld Systems and aspires
where employees actually own Land economy graduate to become a professional
the equity. Moshin Ahmad has completed investor in the future.
internships at ABN AMRO, After volunteering with the
Grosvenor and Cordea Savills Peace Corps in Bolivia,
Scholarship Awards is now on a graduate program Robert Richards went to
CFA UK has awarded four at Savills. “From my Oxford to study fi nancial
scholarship awards to students experience at ABN AMRO, it economics. He now works for
undertaking the CFA was clear to me that colleagues Chatham Financial, a hedging
Program. who had undertaken the CFA advisory service for the
Scholarships are awarded were valued more highly and microfi nance community. “I
to candidates who were more likely to be in am continually seeking ways
demonstrate commitment to leadership positions” he says. to expand and solidify my
their career and the Karim Farrag, a Bank of knowledge horizons” says
Edward Bonham Carter profession. Says Peter New York Mellon employee, Richards.
WWW.CFAUK.ORG PROFESSIONAL INVESTOR 45
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