Copyright Arab Times Kuwait
I've written before about the role of institutions in promoting the development of markets.
A very important element of that process is developing skilled ethical professionals to operate the financial infrastructure created. In fact it is the critical element as has been shown recently with the financial crisis in the West.
The CFA Institute plays an important role in developing such professionals in the finance world.
Earning the right to use the CFA Charter requires three years of graduate level study and the passing of three rigorous examinations as well as practical work experience. It's a very high honor.
CFA Kuwait, a relatively new local society in the GCC, held an awards dinner for new CFA charterholders in Kuwait.
Ibrahim Dabdoub, the dean of bankers in the GCC and a bankers' banker - a sadly vanishing breed, presented the certificates. (He's seated in the middle of the picture.)
Standing on the far left is the dynamic M.R. Ragu, SVP of Research at Markaz Kuwait. He was instrumental in the founding of CFA Bahrain as well as CFA Kuwait. Wherever he goes, if there isn't a local society, there soon will be. So congratulations are in order to M.R.