The demand for chartered financial analysts (CFA) in Asia will rise as the region’s fast-growing financial and capital markets mature, a CFA Institute executive said yesterday.
Only one out of every 100 investment portfolio managers in Asia is a CFA holder, far below the ratio of 10 out of every 100 in developed markets.
This “represents an increased demand for charterholders in the region,” Ashvin Vibhakar, the institute’s managing director of Asia Pacific operations, told a media briefing in Taipei yesterday.
Out of the region’s 13,500 CFA holders, Hong Kong had the biggest pool of 4,310 holders as of Nov. 2, followed by Singapore’s 2,400, China’s 1,690 — up from 5 in 1999 — Australia’s 1,210 and Japan’s 1,060 chartered analysts, the institute’s statistics showed.
China has outnumbered Taiwan in terms of its CFA talent pool since 2003.
Taiwan currently has 320 charterholders, which is only higher than the figures for Thailand, New Zealand, Pakistan, the Philippines, Sri Lanka and Vietnam.
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