Business in Brief: CFA Society Cayman Islands welcomes new charterholders

CFA Society Cayman Islands, the local member society of CFA Institute, the global association of investment professionals, has announced that 15 local investment professionals have earned the CFA (Chartered Financial Analyst) designation.

“The investment professionals who we honor today have the potential to shape a more trustworthy financial industry that better serves society,” said Monique Frederick, CFA, president of CFASCI. “These new charterholders have shown a continued commitment to professional integrity, education and trust in finance. We welcome them as they join the CFA Institute and CFA Society Cayman Islands’ global effort to create an environment where investors’ interests come first, markets function at their best, and economies grow. We congratulate them on their wonderful achievement.”

To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession. The CFA curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning. Currently, more than 120,000 investment professionals in 149 nations and territories hold the CFA charter.

A charterholder recognition event was held to welcome the latest group of investment professionals who have earned the CFA designation. The charters were awarded to the recipients by Paul Smith, president and CEO of the CFA institute. Councilor Winston Connolly delivered the keynote address, congratulating the charter recipients on their achievements.

Mr. Connolly also thanked the CFA Society for the many initiatives it has embarked upon to improve investment standards in the Cayman Islands and encouraged members to continue in their contribution toward improving educational opportunities for all in the Cayman Islands.
The new charterholders are David Bakker, Dennis Connor Jr., John Dominguez, Kathrine Dominguez, Vumindaba Dube, Renald Durand, Gautam Ganeshan, Amy Hubble, Jessica Jablonowski, Martin Laufer, Neil Montgomery, Brian R. Morain, Jennifer Petrie, Paul Smith and Stanislav Zolin.

The student consultancy program is a joint initiative between UCCI and the Ministry of Commerce.
The student consultancy program is a joint initiative between UCCI and the Ministry of Commerce.

College students provide consultation for small business owners

For the eighth year, a number of small-business owners are getting free consultations from University College of the Cayman Islands business students.

This year’s entrepreneurs, who are members of the Cayman Islands Small Business Association, are Nina Squires (Beach Bubbles Cayman), Dawn McLean-Sawney (Arbutus Galley), and Omar Chambers (Link International Group Ltd).

For the eight-week consultancy, the business owners have been matched with students who are enrolled in UCCI’s upper-level Entrepreneurship and Small Business Management course.
UCCI senior lecturer Annette Murphy is guiding the student consultancy teams. She said assessments by Ministry of Commerce and UCCI program facilitators on the quality of the students’ consultations will be considered as part of students’ final course grades.

Student Catherine Welds said she hoped to perform well in the program.

“I’ve always been interested in running my own business, and doing this course will allow me to really get into what it takes to be successful,” she said.

Cayman National Bank is sponsoring the program, which started Feb. 23, by covering expenses incurred by the students as part of their consultancy. The student consultancy program is a joint initiative between UCCI and the Ministry of Commerce, said the Ministry’s Deputy Chief Officer Tamara Ebanks.

“Previously, it was a partnership between UCCI, and the Department of Commerce and Investment (DCI),” she noted. “However, in July last year, DCI increased its focus on licensing and regulating small business, and the Ministry became responsible for small business development.

“The Ministry is happy to continue the program to increase the practical application of entrepreneurial education, and together with UCCI, we thank CNB for its sponsorship,” she said.