Executive Update
CFA Institute
John Rogers, CFA

John Rogers, CFA

Vantage Point: The Battle for Relevance

One of the biggest opportunities we have at CFA Institute is to help members advance their professional skills. Put another way, if you, our members, don't view us as a trusted and valuable resource, then how relevant are we? CFA Institute surveyed members two years ago and 81 percent said they believe that participating in continuing education is necessary to maintain professional competence in the investment industry. How you secure this knowledge has changed dramatically over the past decade. The internet now dominates and we see clear signs that social media are changing the way people communicate with each other. Also important is the fact that more of our members are working for smaller organizations with commensurately less internal resources and less coverage from brokers, bankers, and other vendors. 
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September 2009

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CFA Program
June Exam Results
In June, CFA candidates sat for the CFA exam in 256 test centers in 182 cities around the world. We are pleased to announce that 45 percent of the 104,111 CFA candidates worldwide who completed the exam passed. The Level I global pass rate was 46 percent, the Level II global pass rate was 41 percent, and the Level III global pass rate was 49 percent. 
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Organization News
Call for CFA Institute Board Nominations
Each year, CFA Institute extends an invitation to all its members/stakeholders to identify and recommend leaders of our profession to serve on our Board of Governors. Because CFA Institute is a volunteer-driven organization, it is particularly important that governors be representative of and nominated by the membership. For this reason, the Nominating Committee, chaired by Brian Singer, CFA, asks for your participation. While this search is an ongoing, year-round process, if nominations are to be considered for the next election, they must be made by 1 November 2009. To make a nomination, please visit our website and submit a member recommendation form.

Upcoming Events
2009 CFA Institute European Investment Conference
21-23 October 2009, Frankfurt, Germany

In times of uncertainty, it’s crucial for investment professionals to come together with the industry’s most experienced minds to dialogue about the effects of broad-reaching change. The second annual CFA Institute European Investment Conference is designed as a forward-looking educational and networking forum for addressing a range of timely opportunities and challenges specific to the European investment community but relevant to all global investors.

Hosted by the German CFA Society.

As always, we are here to serve you and are interested in your perspective. To share your comments or concerns, feel free to send an e-mail directly to me.

John Rogers, CFA
President and CEO
CFA Institute

© 2009 CFA Institute. All rights reserved.
P.O. Box 3668, 560 Ray C. Hunt Drive, Charlottesville, VA, 22903 USA

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