Thursday, May 29, 2014

BSP Governor Opens First Philippine Retail Investment Conference

May 28, 2014, Manila - At the inaugural of the Philippine Retail Investment Conference in SM Aura, Bonifacio Global City, the keynote speaker, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr., stressed the continued positive outlook of the economy.

Organized by CFA Society Philippines, the conference is part of a global series of events to promote 'Putting Investors First'.  On its first month this May, it aims to increase awareness and unite investment professionals to place the investors' interests first.  Close to 500 people attended the event, comprising of senior regulators, local and international investment professionals, and advisors, among others, to address common the issues facing retail investors.


A panel discussion on how to avoid investment scams highlighted the conference, with Hans Sicat, president of the Philippine Stock Exchange: Vida Chiong, deputy insurance commissioner of the Insurance Commission; Atty. Gerard Lukban, secretary of the Philippine Securities and Exchange Commission, and Atty. Romeo Mendoza, Jr., general counsel of the Philippine Deposit Insurance Corporation.
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"As we welcome an integrated ASEAN economy, we expect greater opportunities to open up for retail investors," says April Lee-Tan, CFA, president of CFA Society Philippines.  "In order for us to fully realize our economic potential, investors must be able to trust their investment professionals to treat them honestly, competently, and ethically.  CFA Society Philippines organized this conference to teach investors best practices investment risks and their rights so that they will be smarter decision makers."

Mr. Charles Yang, CFA Chair of the board of governors of CFA Institute, presented the University of the Philippines, Diliman team that won the CFA Institute Global Research Challenge Finals held in Singapore in April.  The Research Challenge is an annual competition in financial analysis, that considered "the investment Olympics" for university students.  Globally, more than 3,700 students from more than 825 universities participated in some stage of the challenge.  It was the 2nd time  U.P. Diliman won the global finals.

"We are proud of the series of investor awareness activities organized by CFA Society Philippines, including the Financial Fitness Fun Run in February and ringing the closing bell at the Philippine Stock Exchange.  To raise our commitment to the local investment community.  CFA Institute and CFA Society Philippines will co-host the Philippine investment Conference in October, to highlight investment opportunities to professional investors in this exciting economy," says Mr. Yang, who delivered the conference's closing address.


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