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When the ACIIA® was
established in the United Kingdom
in June 2000 as a not-for-profit
organisation, there were only nine
members comprising three
federations and six individual
societies belonging to the said
federations. In consonance with the spirit of the ACIIA®, 15 other individual societies subsequently joined and now current
membership stands at 24. Such
rapid growth in members, far
greater than expectations, makes us feel as if we are living in
quite a different world.
When focusing on ASAF, only SAAJ (Japan) and
ASAF itself were original ACIIA®
members at the time of the
inauguration of the ACIIA®. In the three years since, however,
six more ASAF societies (PR China,
Hong Kong, India, Iran, Korea, and
Thailand) have joined the ACIIA®,
bringing the combined population
of ASAF members countries/areas to
account for more than 40 per cent
of the world's population, which,
I believe, will give immeasurable
benefits and possibilities to the
ACIIA®.
This trend is reassuring and a welcome development to both myself and
those ASAF member societies
closely involved in supporting and
promoting the CIIA® scheme.
ASAF
is composed of a rich diversity of
14 member societies in Asia and
Oceania, having a wide variety of
languages, religions, cultures,
and business customs, which, while
giving it huge potential at the
same time requires efforts to
achieve strong solidarity for
future growth. Therefore, it is
essential for ASAF to have a
centripetal force so that member
societies can unite. In this
context I would like to advocate
the enrichment of the
education/examination programs of
member societies through linkage
to the CIIA® education and
examination programs. |
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The CIIA® scheme is a
high-quality, universal
examination scheme which respects
the autonomy and independence of
each society (i.e. not an isolated
or dominant examination scheme)
and which can nurture high calibre
securities analysts. The designation is unique in that it consists of truly international
content, and is available in 11
major languages. Importantly, the
holders of the CIIA® designation must
be a member of a participating
ACIIA® national/regional society,
rather than a centralised (or
foreign) society. Their status
with respect to the
national/regional society they
belong to will remain unchanged
after obtaining the designation
and they can use the designation
as long as they remain members of
their national/regional society.
Obtaining the CIIA® designation
evidences that one has mastered
the knowledge/practices essential
for working in domestic and
international investment markets.
The unique characteristics of the CIIA® ideally meet
ASAF's aims, namely
"promotion of the interests
of ASAF and its member societies
by encouraging and assisting the
development of the profession of
securities analysts through the
interchange of ideas and
coordination of policy among ASAF
members under the basic principles
of harmonization and autonomy in
the ASAF region". So much so
that I believe, as I mentioned
earlier, the CIIA® scheme should
be acknowledged as a centripetal
force propelling ASAF member
societies forward.
From the above viewpoint, the CIIA® scheme is considered
indispensable for ASAF as well as the ACIIA®.
Furthermore, the CIIA®
examination scheme is expected to
contribute not only to the
qualitative improvement of
securities analysts but also to
strong solidarity of the global
investment community including
APIMEC, ASAF, and EFFAS. I would
thus like to see a united effort
to further develop the CIIA®
scheme in partnership with all
ACIIA® members. Let's do all we
can to promote the growth
and improvement of our splendid
product, the CIIA®.
Kiyoto
Hagiwara, 26th May 2003
Deputy Chairman, ACIIA® |
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