assemblÉe gÉnÉrale ordinaire annual general meeting - cfa … reports/annual... · 2016. 9....
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ASSEMBLÉE GÉNÉRALE ORDINAIRE
ANNUAL GENERAL MEETING
7 septembre/September 2015
1. Rapport financier/Financials
CFA Society France
RAPPORT FINANCIER/FINANCIALS
3
Commitees Uses Ressources
Research Challenge / Quant awards 9 455 € 7 563 €
Universities 1 328 €
Careers 11 605 € 5 050 €
Advocacy 2 116 €
Communication / Public Awareness 9 241 €
Fundraising - € 12 348 €
Programming 35 775 € 610 €
Administration 30 524 € 2 133 €
Candidate 13 112 € 19 260 €
CFA Sponsorship - € 32 760 €
Membership 46 953 €
Total 113 156 € 126 676 €
Profit 13 519 €
2014/2015
• Similar income vs 2013/2014 due to stable fundraising and membership incomes
• Expenses: the increase (+27% or +23,7k€) is due to the higher number of events (eg:
careers events) and also to invoices received late and only fully recognized during this
fiscal year (PR Agency Kablé+Dauphine University: nearly €10k).
• Normative earnings should be at the current level.
CFA Society France 4
Assets Liabilities
Financial assets 100 € Reserves 141 885 €
Charge paid in advance 6 000 € 2014/2015 Profit 13 519 €
Others receivables 2 667 € Short term Liabilities (CFAI+Kablé) 41 868 €
Cash and other marketable securities 195 878 € Income recognized in advance 7 373 €
Total 204 645 € Total 204 645 €
• Strong cash position at circa € 196k.
• Working capital pretty high due to invoices due to CFA Institute +PR Agency Kablé
among others (€ 36k) for both administrative and communication support
RAPPORT FINANCIER/FINANCIALS
CFA Society France 5
Administration Careers Programming
CFA Administration 8 438 € Cocktail Career Event Paradis 4 720 € Loc et buffet Union cercle int 6 598 €
Facture CFAI Administration 7 035 € Facture Danielle Leroy Careers 2 250 € Location et buffet Union cercl 6 000 €
Strego audit 2 526 € Atelier formation smart networking 480 € Facture au paradis des gourmet 4 405 €
Copy - Top 1 937 € Réervation FIAP Ateliers Job 475 € SARL Thomas Caviste Loc péniche 3 752 €
NDF Don Fitzgerald SLC London 1 254 € Consrtuire un CV percutant 23.03 450 € ANAIS - Traiteurs 1 650 €
Assurances Carene RC 07/14 - 06/15 913 € Atelier business model you 09.04 450 € Compass Group 17/04-24/04 2013 1 530 €
Facture Compass AG July 2014 658 € Atelier utiliser votre réseau16.04 450 € Facture Eurest Compass Events 1 525 €
NDF Myriam Ferran 617 € Atelier business model you 21.05 450 € Networking event: Hotel renais 1 392 €
CFA Institute email management 595 € Atelier Business Model You 18.06 450 € Facture balle au bond Event CA 1 098 €
Facture CFA Society Email mgt 508 € Consrtuire un CV percutant 23.03 450 € Compass Group prest 17.03.15 1 039 €
Total 24 479 € 80% Total 10 625 € 92% Total 28 989 € 81%
Candidate Communication / Public Awareness Research Challenge / Quant awards
B.S.A.S. Level Practice exam 7 280 € Kablé 9 241 € Winners Quant awards 2 500 €
LOCATION SALLE EXAMEN BLANC N 5 250 € Total 9 241 € 100% Winner Quant award (2nd) and t 1 473 €
Facture Compass Last tips 582 € Universities Solde facture Lubré finale RC 846 €
Total 13 112 € 100% NDF Myriam Ferran 374 € Lubre buffet RC récept 4.11.14 846 €
Hôtel Bersoly's 2 nuits 373 € Lubré solde facture 846 €
NDF Myriam ferran Transports 283 € Lubre reception RC Fina 4.11.14 846 €
NDF Nathalie Columelli avion U 153 € Remb Frais déplacements RC*4 545 €
Note de Frais P. Donelly resto 60 € Remb Frais déplacements RC*2 260 €
Resto NER ROSSO 33 € Facture Rudy Marchello quant a 250 €
NDF Patricia Donnelly 22 € Remb NDF Mathieu Génisson Final 248 €
Taxi gare - hôtel 15 € Total 8 660 € 92%
Taxi gare - hôtel 15 €
Total 1 328 € 100%
• Top 10 expenses for each committee (as a % of total expenses): 85% of total expenses
are covered below (96k€ out of 113k€)
RAPPORT FINANCIER/FINANCIALS
2. Rapport moral/Yearly report
CFA SOCIETY FRANCE
IN THE CFA INSTITUTE ECOSYSTEM
Philippe Maupas, CFA
CFA Society France 8
CFA Society France mission is to serve its members.
Our mission statement :
Our mission is to provide our members with professional development, sense of
community and networking opportunities primarily via regular conferences and
events. We also seek to maintain constructive relations with local financial and
regulatory institutions and promote the professional and ethical standards of
CFA Institute.
CFA Society France is a part of the CFA Institute ecosystem:
The CFA certification is held by over 123 000 investment professionals active in
150 countries
There were over 164 000 registered candidates for the December 2014 and
June 2015 exams, of whom 3 084 in Paris.
CFA Institute encourages initiatives allowing to :
Have a Broader Mission
Speak with a Bolder Voice
Address a Bigger Community
RELATIONS WITH CFA INSTITUTE
CFA Society France 9
We have a yearly strategic partnership contract with CFA Institute whereby we’ve
been receiving during the past 4 years 15 hours per week of Valérie de Kergorlay‘s
time. Valérie is based in London and is an essential contributor to our organisation,
helping us define and achieve our strategic objectives, whilst providing our members
with the highest standards of service.
Valérie finished in 2015 an Executive Master in International Association
Management of the Solvay Brussels School, Economics and Management.
As during the previous term, your board spent one day in London to exchange with
our operational contacts at CFA Institute on strategy and projects
RELATIONS WITH CFA INSTITUTE
MEMBERSHIP
Myriam Ferran, CFA
CFA Society France
MEMBERSHIP FIGURES
11
Number of members still growing vs FY14. In spite of numerous actions (mailings), it is
difficult to attract candidate members – we need to continue our efforts to promote this
attractive membership opportunity.
Worth knowing, during FY15:
- 32 former members have joined another society or work outside France
- 16 former members have only renewed with CFA Institute
2014/2015 766
2013/2014 708
2012/2013 628
2011/2012 568
2010/2011 524
2009/2010 468
2008/2009 447
CFA Society France 12
* Sent out to 810 members in June 2015
* Number of responses: 33 (4.1% response rate)
MEMBERSHIP VALUE: ANNUAL SATISFACTION SURVEY
3.0
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
4.0
How well does CFA France serve you as amember?
Does your membership offer good value formoney?
2012
2013
2014
2015
Variance
2014-2015
How well does CFA France serve you as a member? 0
Does your membership offer good value for money? + 0.2
CFA Society France
SERVICES EXPECTATIONS VS DELIVERY
13
variance
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Expectations
Delivery
Educational events -0.4
Social events -0.1
Advocacy 0.3
Website -0.3
Emails communication -0.1
Newsletter -0.3
Social media communications (LinkedIn, Twitter, Facebook...) 0.1
Job offers section -1.4
Career support -1.1
MEMBERSHIP VALUE: ANNUAL SATISFACTION SURVEY
EVENTS
Don Fitzgerald, CFA
Jean-Philippe Dorp, CFA
Inna Mufteeva, CFA
CFA Society France
EVENTS OVERVIEW
15
Mission: Offer regular educational and networking opportunities to our Members
All Events at no cost to members (in contrast to many other CFA Societies)
Now open to non-members for a modest fee (€ 20)
Member of the European Passport Program
CFA Society France 16
EVENTS REPORTSEvent Type of event Location Registrations Attendees
Conversion
rateSatisfaction
Lie in mgt speech Education BNP IP 83 37 43% 4.7
Apero on the Seine Social Balle au Bond 100 56 56%
High Frequency Trading Education Bloomberg 65 59 91% 3.5
Future of Women & Finance Social S&P Cap IQ 67 39 58% 3.6
Value Investing Education Franklin Templeton 46 24 52% 3.5
Anti Benchmark Breakfast Education FactSet 21 22 105% 4.1
MiFID : impacts Education BNP IP 69 27 39% 3.9
Infrastructure Investment Education BNP IP 66 32 48% 3.9
Securitisation & economy Education BNP IP 78 39 50% 3.6
New Year evening SocialLa Cantine du
Faubourg50
Investment Art or Science Education BNP IP 61 42 69% 4.4
Economic Outlook Education Fin Echiquier 89 60 67% 4.7
Financial communication & technology EducationOrdre Experts
Comptables21 12 57% 4.3
Charter Award Ceremony Social Cercle Interralliée 152 106 70%
Annual Career Event Career ESCP 184
Transparency & fairness Education BNP IP 73 38 52%
Aversion au risque & investissement Education Dauphine 161 40 25% 3.9
Extreme events in finance Education BNP IP 84 48 57% 4
Desynchronisation of central bank
policiesEducation Fin Echiquier 77 43 56% 3.8
Back to work event Social Makassar 74
1621 724 45% 3.99
CFA Society France 17
• 20 member-focused events in 2014/2015 (16 in 2013/2015)
• 14 education events, 5 social, 1 career
• 13 different venues located in central Paris (4 new venues)
• 8 interviews of speakers
• More than 1,600 registrations and more than 700 attendees
• Live Tweets during most conferences
• Satisfaction rate stable at 4
KEY NUMBERS
CFA Society France 18
• More standardized Communication and Branding around Events
• Social media campaign for each event : Facebook, LinkedIn &
• http://www.cfasociety.org/france/Pages/ConferencesandEvents.aspx
EVENTS
CFA Society France 19
Great support from our volunteers:
• Pouya Azimi
• Fanta Bit Amine
• Quang Dung Pham
• Anmol Save, CFA
• Youssef Raqui
• Armelle Kamdem, CFA
• Anna Kot
• Ekaterina Chubarova, CFA
Wide board involvement :
• M. Ferran, R. Grentzinger, P. Maupas, P. Pasquier, S. Vadon-David
Need to hear more from members
EVENTS: HOW DO THEY HAPPEN?
CFA Society France 20
THANKS TO OUR PARTNERS
CAREER DEVELOPMENT
EMPLOYER OUTREACH
Patrice Pasquier, CFA
CFA Society France
CAREER DEVELOPMENT / JOBS
• Job market – November 2015
• 150 members + 50 students and alumni
from ESCP Europe
• 2 headhunters + deputy head of HR of AXA
focus on insurance and the digital impact
on the services, the jobs and careers in
financial services
• Job board
• It is difficult to source jobs offers outside of
CFA Institute’s
• 2015/16: partnership with LinkFinance
• Career Workshops
• Evening workshops were successfully
launched in FY14 and extended in FY15 to
junior profiles.
Ambition 2014/15 : renforcer
l’accompagnement des membres dans la
gestion de leur carrières avec des ateliers
thématiques différenciés (prestataire et
contenu) en fonction de l’expérience (junior /
senior) + 1 parcours bilan carrières sur 6
mois.
22
CFA Society France
• Our Tier 1 Ambassador Network (as of July)
EMPLOYER OUTREACH
23
Sanda Molotcov
(23 RM vs 15)
Pierre Duriez (34 RM vs 32)
(Odile Tangomo Ouemba)
Marc-Antoine Muret
(7 RM vs 7)
Geraud Manhes
(31 RM vs 19)
Patricia Donnelly
(21 RM vs 16)
Remus Tirdea /
Paul Rivon
(29 RM vs 29 + 7 AXA)
Laurent Pellerin
(11 RM vs 13 RM)
Mustapha Tachabount
(59 RM vs 48)
CFA Society France
EMPLOYER OUTREACH
24
Be the contact of HR/training
people to present the CFA,
CIPM and Claritas programs
and their values
Be the contact for internal
CFA charteholders, identify
volunteers to organise and
promote events
Help organise events
sponsored by the employer
(provision of venue,
suggestion of topics and
speakers, sponsorship )
Sponsor the job board and
job opportunities for CFA
Society France members
Ambassadors
• Missions
CFA Society France
EMPLOYER OUTREACH
25
• Creation of a web page to communicate on our Ambassadors and their achievements
• Some employers are reluctant to allow
ambassadors to communicate openly about
their mission, this transparency is crucial if
we want this initiative to succeed
• Tier 2 Network
• We are looking for volunteers to act as
ambassadors within companies employing
between 5 and 10 charteholders.
Ambition 2014/15 : renforcer
l’accompagnement des membres dans la
gestion de leur carrières avec des ateliers
thématiques différenciés (prestataire et
contenu) en fonction de l’expérience (junior /
senior) + 1 parcours bilan carrières sur 6
mois.
Allianz Global Investors, Banque de France, CDC, Candriam, Carmignac Gestion,
CPR Asset Management, CIC, EdRAM, EDF, Exane, Financière de l'Echiquier, Fitch,
Groupama Asset Management, Lazard Frères Gestion, Neuflize OBC, Oddo, OFI
Asset Management, PWC
CANDIDATES RELATIONS
Myriam Ferran, CFA
Patricia Donnelly, CFA
CFA Society France
- Key missions
• Our aim is to create value for candidates and extra value for candidate members to support their success at the CFA program exam.
- Key actions in 2014/2015:
• November 7th – Kick Off (for June candidates) and Last Tips (for December candidates) Meeting with Prep Providers present in the atrium (@ BNP IP) – 100 participants
• November 23rd : Level 1 Mock Exam (@Dauphine) – 110 participants
• April 23rd – Last tips meeting with prep providers present in the atrium (@BNP IP) – 40participants
• April 26th – CFA Workshops (level 1, 2 and 3) in partnership with Prep Providers - 60 participants.
• May 17th – Level 1, Level 2, Level 3 Mock Exams (@Dauphine) - 300 participants
- Other activities
• Sponsorship facilitation, advise to (mainly Level III) candidates on completing their work experience declaration
• Email and Twitter messages to encourage candidates and provide general information
• Replies to email queries throughout the year
• LinkedIn Groups to facilitate Study Group creation
CANDIDATES RELATIONS
ADVOCACY
Séverine Vadon-David, CFA
Jean-Philippe Dorp, CFA
Jean Echiffre, CFA
Jean-François Bouilly, CFA
CFA Society France 29
WHAT DO WE DO?
-Follow up of regulation and “best practices”
-Promotion of transparent and ethical capital markets
OUR MISSIONS
-Provide continuing education to our members
-Participe in consultations
-Promote CFA Institute’s research when appropriate to regulators and trade bodies and provide
a local feedback to CFA Institute
…in 3 main domains:
1- Ethics 2- Capital Markets, Asset Management 3- Financial Analysis
ADVOCACY
CFA Society France 30
OUR 2014-15 ACHIEVEMENTS
1) MIFID (2 major consultations 08/14 and 03/15)
- We asked CFA Institute to write an Issue Brief
on the stakes and positions vis-à-vis MIFID
(as MIFID will have a major impact on members)
=> Done in December 2015
- We organised 2 conferences with AMF (hereunder)
2) Organisation of 4 members events
- Nov 2014: XBRL (data format for financial reporting)
- March 2015: MIFID II, which impacts? (Investor Protection)
- May 2015: Navigating Liquidity through : High Frequency Trading and Dark Pools
- Sept/Oct 15: MIFID II, which impacts? (Markets infrastructure)
ADVOCACY
CFA Society France 31
3) Update of the advocacy webpage
a) The « News Selection » page was created in 2014. 2015 additions:
- Upcoming regulation
- High Frequency trading – Issue Brief by CFA Institute
- MIFID – Investor protection by AMF
- Capital markets Union – a view by N. Veron
- Credit Rating Agencies - AFG response to Esma consultation
- XBRL: a proof of concept
- Banks RWA: how to restore investor trust –by V. Papa
- Ethics: clients gifts and bonuses
- MIFID2: Issue brief by CFA Institute
- Quarterly and interim reports : AMF draft recommendation
- EDTF (Enhanced Disclosure Task Force) : 2nd implementation report
b) Advocacy Values Page:
1/ “Ethics”: Code of Ethics + Standard of Practice Handbook
2/ “Capital Markets”: investor protection (MIFID) was added
3/ “FAR“ : Financial Analysis and Reporting (Enhanced disclosures)
c) Conferences and Consultations page
ADVOCACY
CFA Society France 32
Where to find us?
CFA Society France Web Site (Advocacy/Regulation/Investor Protection)
http://www.cfasociety.org/FRANCE/Pages/Advocacy-Values.aspx
http://www.cfasociety.org/FRANCE/Pages/Advocacy-ConferencesandConsultations.aspx
http://www.cfasociety.org/FRANCE/Pages/Advocacy-News%20selection.aspx
The newsletter
(we always contribute)
CM: Capital Markets (S. Vadon-David): SVD + Jean ECHIFFRE + JF BOUILLY
FAR: Financial Analysis and Reporting (JP Dorp): JPD + Jing GONG + Olivia
TANGOMO
ADVOCACY
UNIVERSITY RELATIONS
Nathalie Columelli, CFA
Myriam Ferran, CFA
CFA Society France
• 2 types of partnership
- CFA Program partners - 8 schools
- University Recognition program - 3 schools (up from 2, IESEG joined the program)
• U-R (University Relations) Committee is a network of 14 Alumni
• Key missions
- Present the CFA Program to the universities on Campus (Career Fair, eg EM Lyon)
- Provide information on the CFA Scholarship Program
- Co-organize events whenever it is appropriate
- Develop relationship with recognized professors (speakers, CFA program curriculum development …)
- Support the school when appropriate to apply to the CFA Institute Recognition program
- Maintain data base of contacts
COMMITTEE ORGANIZATION
CFA Society France
• CFA program Presentations
- Ran presentations @ most current partners
- New Partner: IESEG
- Presented the CFA programs at EM Lyon Career Fair
GLOBAL ACTIONS FY15
RESEARCH CHALLENGE
Rémi Grentzinger, CFA
CFA Society France
• Subject company: Fromageries Bel
• 15 teams registered: Université Dauphine, EM Lyon, EDHEC, Reims Management
School, ESCP Europe, ESSEC, Toulouse BS, HEC, ICN, IESEG, IAE Gustave Eiffel,
Université Lille2, Université Assas, Université Angers, ECE Paris
• Finalists: Dauphine, Toulouse, ESSEC, Lille2
• French Final on Feb. 5, 2015: winner Toulouse Business School
• Global Final on April 29, 2015: winner Canisius College (NY, USA)
37
RESEARCH CHALLENGE
CFA Society France 38
Committee
• Rémi Grentzinger, CFA - Matthieu Génisson, CFA
Mentors
• Eric Chatron, CFA
• Julien Coudert, CFA
• Xavier De Taisne
• Thibault Goix, CFA
• Arnaud Ibanez, CFA
• Laurent Inglebert, CFA
• Jonathan Jimenez, CFA
• Julien Jozereau, CFA
• Boubacar Kabore, CFA
• Géraud Manhes, CFA
• Lewis Michael Meredith, CFA
• Pierre Merveille, CFA
• Keith Ney, CFA
• Pierre Alexandre Petit
• Grégory Rousseau, CFA
Graders
• Maxime Dupuis, CFA
• Jean Echiffre, CFA
• Nina Lagron, CFA
• Gregory Molinaro, CFA
• Pierre Verle, CFA
RESEARCH CHALLENGE
QUANTAWARDS
Philippe Maupas, CFA
CFA Society France
QuantAwards CFA Society France/SSgA :
• Quantitative finance awards for master students.
• 2014-2015 edition:
• extension to the Netherlands and Ireland
• 65 registered candidates
• Jury: 9 persons (1 representative fromeach CFA Society, 3 from SSgA and 3 academics)
• QuantAwards Project Coordinator : Valérie de Kergorlay
• 2014 Volunteer : Matthieu Génisson, CFA
• www.facebook.com/QuantAwards
• 2015-2016 : 3 additional Europeancountries could joint the QuantAwards
40
QUANTAWARDS
COMMUNICATION
Philippe Maupas, CFA
CFA Society France 42
• CFA Society France and CFA Institute EMEA (HQ in Londres) work with a French PR
agency, Kablé Communication Finance
• Our objectives:
• Raise the awareness of CFA Society France
• Raise the awareness of the CFA program
• Help journalists master key financial concepts
• We’ve been inviting journalists to some of our conferences for the past 2 years
• We’ve started producing short videos shot during some of our events. These videos can
be seen on our YouTube Channel.
COMMUNICATION
CFA Society France 43
• The CFA Society France/CFA Institute
Media Academy is aimed at journalists
and organized a session on fixed income
moderated by Jean-Philippe Dorp, CFA
• We also launched the Media Awards for
Finance to distinguish the best 2014
publication and the best 2014 article on
finance. L’Agefi Hebdo was voted best
2014 publication and Franck Joselin
(L’Agefi Actifs) received the best 2014
article award from a jury of 4 persons.
COMMUNICATION
CFA Society France 44
• Our presence on social networks (as of July 30, 2015)
• Two LinkedIn Groups (347 members in the CFA France Members Group, 505
members in the CFA France Candidates Group).
Are you a member?
• Twitter: @CFAFrance. 917 followers.
Are you following us ?
• Facebook : we are on Facebook (www.facebook.com/cfasocietyfrance)
61 likes, we should be able to do better.
• YouTube : we have a YouTube Channel, subscribe!
COMMUNICATION
CFA Society France 45
• Newsletter : you receive it on a quarterly basis.
• Web site : administered by Valérie de Kergorlay. You’ll find there:
• Events information
• Advocacy information
• Job board (members’ area)
• The minutes of our board meetings (members’ area)
• We are always looking for volunteers to help us:
• proofread press releases
• tweet
• on Events : pre-marketing, live tweets
• on Advocacy issues
• to inform candidates
COMMUNICATION
FUND RAISING
Philippe Maupas, CFA
CFA Society France 47
• Existing partnerships:
• Ardian (ex AXA Private Equity) : hosts board meetings
• BNP Paribas IP : hosts conferences
• FactSet : hosts breakfast conferences and sponsors Research Challenge
• Franklin Templeton France/Financière de l’Echiquier : host conferences
• Oddo : sponsors Research Challenge
• Top Finance : sponsors QuantAwards
• New partnership agreements:
• Bloomberg: hosted one conference
• Sycomore Asset Management : will host 4 breakfast conferences
• TOBAM: will host 4 conferences at lunch time
• Yearly sponsorship packages for prep providers:
• 3 GOLD partners + 1 BRONZE partner
• Bärchen, First Finance, Top Finance (gold)
• Finance Training (Bronze)
Bronze Silver Gold
500 € 1300 € 2000 €
FUND RAISING
CFA Society France 48
• A warm “Thank You” to all our sponsors!
FUND RAISING
VOLUNTEERS
Inna Mufteeva, CFA
CFA Society France
Key missions
• Volunteer committee was created in 2011 - as a part of CFA Institute EMEA Volunteer beta project: establishing a framework for the recruitment retention and management of volunteers.
Key actions in 2014/2015:
• Maintaining up-to-date the volunteer needs webpage (available volunteer positions per committee en 2014)
• follow-up of spontaneous applications via webform & email (18 applications since June 2013)
• Follow-up of volunteers recruited during events by the board (4 volunteers)
• Assisting committees in their search for volunteers for CFA Society France events (calls for volunteers for 6 events)
Other activities
• Board initiative: thank-volunteers section in the CFA Society France newsletter with volunteers bio & photo
• Ongoing: volunteer engagement letter
VOLUNTEERS
CFA Society France 51
Events
• Pouya Azimi
• Fanta Bit Amine
• Quang Dung Pham
• Anmol Save, CFA
• Youssef Raqui
• Armelle Kamdem, CFA
• Anna Kot
• Ekaterina Chubarova, CFA
Advocacy
• Jean-François Bouilly, CFA
• Jean Echiffre, CFA
• Olivia Tangomo, CFA
• Jing Gong, CFA
University Relations:
• Mathieu Bernard, CFA
• Alexandre Chiche, CFA
• Nathalie Columelli, CFA
• Pierre Duriez, CFA
• Christine Verpeaux, CFA
CFA Institute Research Challenge:
Committee
• Matthieu Génisson, CFA
Graders
• Maxime Dupuis, CFA
• Jean Echiffre, CFA
• Nina Lagron, CFA
• Gregory Molinaro, CFA
• Pierre Verle, CFA
Mentors
• Eric Chatron, CFA
• Julien Coudert, CFA
• Xavier De Taisne
• Thibault Goix, CFA
• Arnaud Ibanez, CFA
• Laurent Inglebert, CFA
• Jonathan Jimenez, CFA
• Julien Jozereau, CFA
• Boubacar Kabore, CFA
• Géraud Manhés, CFA
• Lewis Meredith Smith, CFA
• Pierre Merveille, CFA
• Keith Ney, CFA
• Pierre Alexandre Petit
• Xavier Porterfield, CFA
• Grégory Rousseau, CFA
Quant Awards
• Matthieu Génisson, CFA
Candidates
• Alexandra Pailhes, CFA
VOLUNTEERS
STRATEGIC PLANNING
GOVERNANCE
Patrice Pasquier, CFA
CFA Society France
• Our latest 3-year strategic plan
53
STRATEGIC PLANNING & GOVERNANCE
Strategic objective Actions Committees in charge Deadline
Create and coordinate a mentoring network Career & Membership End of 2015
Experts/mentors interviews on job strategies and
prospectives (verbatims, videos, webinars)Career & Communication
As of sept. 2015
Experts/mentors conferences on job strategies and
prospectivesCareer
As of sept. 2015
Make a global survey to specify members needs Career 1st semester 2015
Extend career workshops topics Career As of sept. 2015
Create and coordinate co-devlopment groups
focused on managerial and leadership issuesCareer
As of sept. 2015
Create and coordinate think tanks on prospective
topics (eg. Impact of digitalization on asset
management services) - think tanks under CFA
Society France umbrella but opened to non-member
experts
Career & Membership
As of sept. 2015
Extend job management services
Reinforce career management services
CFA Society France 54
STRATEGIC PLANNING & GOVERNANCE
Member insights: Realise a member study based on
information available at CFA Institute. (Who are
they?, build a profile). Interview members during
events and also the ones who don't come. (What
they want?). Derive from this study a set of targeted
actions such as targeted offer for Senior Members,
targeted events for Women, Targeted events for 5
Years anniversary and 10 years Anniversary, Running
Events and derive appropriate Social Media
communication.
Membership & event &
Career & CommunicationQ2 2015
Social Networks: Continue and reinforce our
presence on social networks to strengthen the link
between members and CFA Society France. (GSS
Survey: it workds). Define a social media plan to
engage dialogue with our members using social
networks.
Membership & All
committees &
Communication
Q1 2015
Continue to build strong engagement campaign
towards members (annual survey, renewal
campaigns, charter pending, newsletter, welcome to
CFA Charterholder)
Membership End 2015
Identify the key players to lobby (trade associations,
regulators, academics, employers)
Public Awareness, Advocacy,
Employer outreachOngoing
Identify key events and participate therein Public Awareness Ongoing
Intensify the press relations effort, including the
Media Academy and Media AwardsPublic Awareness Ongoing
Create more cash sponsorship packages. Target
revenue € 40 000 (current cash revenue € 8 000).Fund raising Ongoing
Increase the number of free venues for conferences
to 8 (from 3 currently) to save € 5 000 per year on
cocktail costs
Fund raising, Employer
outreachOngoing
Increase the number of candidate members to 150
from 70 (revenue € 9 000)Candidate Ongoing
Promote the status of affiliate members and increase
their number to 50 from 5 (revenue € 3 000)Candidate
Increase the number of paying guests at our
conferences to 100 per year (revenue € 2 000)Events Ongoing
Strenghten the community of CFA Charterholder from
inside out
Increase the awareness of CFA Society France to establish
ourselves as an essential participant in the French financial
community
Strengthen our financial autonomy, develop sponsorship
(objective € 60k per year)
CFA Society France 55
STRATEGIC PLANNING & GOVERNANCE
Member insights: Realise a member study based on
information available at CFA Institute. (Who are
they?, build a profile). Interview members during
events and also the ones who don't come. (What
they want?). Derive from this study a set of targeted
actions such as targeted offer for Senior Members,
targeted events for Women, Targeted events for 5
Years anniversary and 10 years Anniversary, Running
Events and derive appropriate Social Media
communication.
Membership & event &
Career & CommunicationQ2 2015
Social Networks: Continue and reinforce our
presence on social networks to strengthen the link
between members and CFA Society France. (GSS
Survey: it workds). Define a social media plan to
engage dialogue with our members using social
networks.
Membership & All
committees &
Communication
Q1 2015
Continue to build strong engagement campaign
towards members (annual survey, renewal
campaigns, charter pending, newsletter, welcome to
CFA Charterholder)
Membership End 2015
Identify the key players to lobby (trade associations,
regulators, academics, employers)
Public Awareness, Advocacy,
Employer outreachOngoing
Identify key events and participate therein Public Awareness Ongoing
Intensify the press relations effort, including the
Media Academy and Media AwardsPublic Awareness Ongoing
Create more cash sponsorship packages. Target
revenue € 40 000 (current cash revenue € 8 000).Fund raising Ongoing
Increase the number of free venues for conferences
to 8 (from 3 currently) to save € 5 000 per year on
cocktail costs
Fund raising, Employer
outreachOngoing
Increase the number of candidate members to 150
from 70 (revenue € 9 000)Candidate Ongoing
Promote the status of affiliate members and increase
their number to 50 from 5 (revenue € 3 000)Candidate
Increase the number of paying guests at our
conferences to 100 per year (revenue € 2 000)Events Ongoing
Strenghten the community of CFA Charterholder from
inside out
Increase the awareness of CFA Society France to establish
ourselves as an essential participant in the French financial
community
Strengthen our financial autonomy, develop sponsorship
(objective € 60k per year)
ELECTION OF THE BOARD OF DIRECTORS
Patrice Pasquier, CFA
CFA Society France 57
• Regular and affiliate members of CFA Society France can vote at the
AGM.
• For those who haven’t used the online voting system, proxies to be
handed over to Patrice Pasquier.
• Members elect 5 to 9 directors for a one year-term starting as from the
date of the AGM.
• For the 2015-2016 fiscal year, there are 9 candidates.
•The elected directors will elect senior officers shortly after the AGM:
president, vice president, secretary, treasurer
ELECTION
CFA Society France 58
Erik Bobbink, CFA
Erik is a finance & risk consultant at Accenture. Prior to working for
Accenture, Erik spent 3 years at PwC as an auditor. Erik specializes
in using technology to help financial firms grow sales and find optimal
solutions to difficult problems.
Erik holds the Chartered Financial Analyst (CFA) designation. He graduated
from HEC Paris in 2010. Erik is a Dutch and American citizen and speaks
French, Dutch and English.
ELECTION
CFA Society France 59
Jean-Francois Bouilly, CFA
Jean-Francois is an independent advisor.
He founded Latitude Capital Management in 2005 to manage
an equity market neutral fund based on fundamental and systematic factor
analysis. In 2012, Latitude started a global asset allocation fund of funds and
was bought in 2014 to become Artesis Asset Management. Jean-Francois left in
March 2015.
Previously, he worked for Crédit Lyonnais in Japan in 1982 and started
managing Japanese equities from Paris in 1984. He then opened as CIO, in
1991, the Crédit Lyonnais Asset Management office in Tokyo (CLAM Japan),
where he continued to manage Japanese equity portfolio as well as global
portfolios for Japanese investors. Back to the Paris head office in 1999, he
created and headed the "Equity Markets and Portfolio Analysis Team" and
became CLAM Equity Strategist.
Jean-François is a CFA Charterholder and past President of CFA Society
France (2005-2008). He received his engineer degree from Ecole Centrale de
Lyon in 1981.
ELECTION
CFA Society France 60
Julien Coudert, CFA
Julien is an asset manager. He has worked as a mutual fund
and portfolio manager for eight years and then decided to create
his own investment company in 2013, Compagnie Saint Eusice, which he now
runs.
Charterholder since 2010, Julien is an active member of the society and was a
board member and Research Challenge Chair in 2011-2012.
ELECTION
CFA Society France 61
Patricia Donnelly, CFA
Patricia Donnelly has been active in CFA Society France since she
earned her Charter in 2002. In addition to holding the Candidates Chair
(since 2003) and the Scholarships Chair, she has served on the board as
General Secretary, Vice President and President (2009-2012).
She is responsible for consultant services at BNP Paribas Investment
Partners and lived in Canada and the UK before settling in France.
ELECTION
CFA Society France 62
Jean-Philippe Dorp, CFA
Jean-Philippe has been head of credit research at OFI AM since 2010.
Before joining OFI AM, Jean-Philippe was head of credit at Solent Capital
Partners (London) and senior credit analyst at Dolmen Securities (Dublin).
Previously, Jean-Philippe held various positions in credit analysis with various
European financial institutions.
Jean-Philippe received his CFA charter in 2004 and joined the board of CFA
Society France in July 2013 when he was elected as co-chair of the
programming committee and chair of the Advocacy FAR (Financial Analysis and
Reporting) committee.
ELECTION
CFA Society France 63
Myriam Ferran, CFA
Myriam has over 15 years of experience in Financial services industry.
She started her career as a Junior Financial Analyst at Associés en Finance
then joined AXA Investment Managers as a Performance Measurement Analyst
in 2000. She then joined State Street Banque in 2004 and held different
management roles and led transformation projects in an international context. In
2015, she joined Cognizant in Paris in the Bank and Financial Services practice.
CFA Charterholder and a CFA Society France Member since 2008, Myriam has
started as a volunteer in the University Relationship committee before being
elected as a director of CFA Society France Board in 2013.
Myriam holds a master's degree from Magistere Economist-Statisticien from the
Toulouse School of Economics and also graduated from INSEAD in December
2012.
ELECTION
CFA Society France 64
Matthieu Génisson, CFA
Matthieu has been Portfolio Manager for Crédit Agricole since September 2013
and a lecturer at Université Paris Dauphine for four years.
He is also a permanent member of the retail shareholder consultative committee
of Lagardère SCA.
Matthieu has been an active volunteer with CFA Society France since 2014,
working both on the Research Challenge and the European QuantAwards.
Matthieu received his CFA charter in 2014. He also holds a Master Degree in
Financial Engineering from Paris Dauphine University.
ELECTION
CFA Society France 65
Inna Mufteeva, CFA
Inna joined Natixis Global Market Research team as an economist in
2009. She is currently in charge of the statistical follow-up of several
Emerging Europe countries, the elaboration of macroeconomic scenario
as well as internal and external communication of the economic and
financial forecasts. Her analyses allow the bank’s clients to better
apprehend current and future economic developments and adjust their
investment strategy accordingly.
Inna joined the Board of the CFA Society France in 2014 to participate in
the activities of the Events, Volunteers and Membership Committees. She
previously volunteered for the Society events organization. She received
her CFA charter in 2013.
Inna graduated from University Paris - 1 Panthéon Sorbonne and Higher
School of Economics (Moscow).
ELECTION
CFA Society France 66
Séverine Vadon David, CFA
Séverine has a 15 years’ experience in finance with a dual experience
in capital markets and asset management. She has structured or sold
products on a variety of markets (interest rates, equity, alternative
investments) for various client types such as central banks, insurers,
asset managers etc..
She has been Advocacy Chair for CFA Society France since 2011.
Advocacy means speaking up about ethics, fair and transparent capital
markets, and investor protection.
It involves organizing events for members, and liaising with regulators,
professional associations and CFA Institute on regulatory/best practice
issues.
ELECTION