1997 Alexander Gilles, CFA Rico Gonzalez, CFA Charle Peza, CFA
1998 Mia Yap Chan, CFA
Cristina Infante, CFA Arnold Oliva, CFA Gina Oris, CFA Bernadette Tamayo, CFA Spencer Yap, CFA
1999 Mary Ann Calvelo, CFA Robert Cano, CFA Eleanor Coliangco, CFA Gilbert Garchitorena, CFA Eleanor Huang, CFA Doris Pardo, CFA Dennis Yaw, CFA
2000 Jonathan Ang, CFA Arnold Caguiat, CFA Lester Castolo, CFA Raymond Neil Franco, CFA Rex Gabonada, CFA Jose Jalandoni, CFA April Lee, CFA Fritzie Hazel Lim, CFA Virginia Luy, CFA Donald Mamaril, CFA Angelica Santillan-Reyes, CFA Edgar Tordesillas, CFA Kenneth Uy, CFA Rowena Valdez, CFA
2001 Felix Bustos, CFA Walden Chu, CFA Jerry Chua, CFA Ropi Dangazo, CFA Arnulfo de Pala, CFA Vincent Paul Guirao, CFA Edward Gulane, CFA Francis Lumbres, CFA Arvind Mathur, CFA Malou Belmonte-Obong, CFA Lucia Piollo, CFA Edison Yap, CFA
2002 Ildemarc Bautista, CFA JC Briones, CFA Johnson Chua, CFA Rewadee Fanega, CFA Marshall Filart, CFA Michael Garcia, CFA Kathy Ann Javellana, CFA Amora Manabat, CFA Marivic Pilar Mangonon, CFA Ernesto Pinpin, CFA Richard Tan, CFA Toto Tansingco, CFA Anabelle Tiu, CFA Gabriel Villaluz III, CFA
Year 2002,
Officers of the CFA Society of the Philippines President: Gina Oris, CFA VP: Noli de Pala, CFA Secretary: Mary Ann Calvelo, CFA Treasurer: Francis Lumbres, CFA Scholarships: Lester Castolo, CFA Educational Programs: Edison Yap, CFA Public Awareness: Rex Gabonada, CFA
2003 CFA Society Scholars Mary Jane Chiong (received her charter in 2006) Jeremy Clemente Joel Legaspi Nancy Uy Melchor Dikitanan
Reid Schlager Scholar Reginald Candelaria
AWARDS NIGHT OF 2002 November 7, 2002. Peninsula Manila Hotel. Makati City. Opening Remarks: Gina Oris, CFA, president Keynote Address: central bank Governor Rafael Buenaventura Remarks from a new charterholder: Rewadee Fanega, CFA Introduction of Society Scholars for 2003: Lester Castolo
CFA PROGRAM IN THE PHILIPPINES The first CFA candidates took a level three exam in New York City in June 1963. A total of 268 financial analysts received their charter. The CFA program became more international in the 1980s.
In 1995, the Chartered Financial Program was introduced into the Philippines. A review course was organized by the Capital Markets Development Council, led by Roman Azanza. Alfred ‘Pete” Morley, CFA, visited Manila to teach a three-day Introduction to the CFA program. The instructors were Ron Copley, CFA of Copley Investment Management. Dave Upton, CFA of the Virginia Commonwealth University. And Robert Sanborn, CPA of the University of Richmond. The first examinees were 16 in number. The exam was held in Makati. (It was either a classroom in Ateneo Professional Schools, or a case room in the Asian Institute of Management.) Out of the 16, 12 passed (pass rate of 75%).
Out of the twelve who passed level one, ten enrolled for level two in 1996. Six passed.
Out of the six who passed level two in 1996, six enrolled for level three in 1997. And Three passed.
The CFA Society of the Philippines was founded in July 1997. First meeting was on September 5, 1997. The first board meeting was held on October 3, 1997. An application was made to the CFA Institute in Virginia, for recognition.
The CFA Society was officially incorporated in March 1998 as the Association of Investment Professionals in Manila. The name was later changed to CFA Society of the Philippines.
In February 2000, the International Society of Financial Analysts, the Financial Analysts Federation, and the Institute of Chartered Financial Analysts, merged. The Philippine association became a member chapter of the Association for Investment Management and Research (later, CFA Institute).
CFA charterholders from the Philippines who have served as exam Graders at Charlottesville include Felix Bustos, CFA; Mia Yap Chan; CFA, Noli de Pala, CFA; and Sandy Gilles, CFA. They were invited to grade papers, starting in 1999. The grading venue in 1999 was the Covenant School. Later on, they moved the grading venue to Monticello High School.
The old office of AIMR. Graders in 1999, wore University Varsity T SHIRTS. Lower photo is me with the very kind chauffer who fetched me from Washington DC in a Limousine. He turned out to be a former Green Beret.
Hardware Store, Charlottesville.
School Bus at Covenant School, to take us home to the Day's Inn / Red Lobster on I-29.
Grading is so hard. After SEVEN short hours of work, we have to play golf, stroll around town, and drink beer in the totally free (not teetotal) bars set up in function rooms at our hotels. Not to mention the basketball games we played during lunch break-- very tiring. Ha ha ha.
