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CFA Institute Research Challenge Sri Lanka 2023/24

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CFA Society Sri Lanka announced Team A of University of Colombo as winners of the 17th edition of the annual CFA Institute Research Challenge Sri Lanka competition; a platform that nurtures the talents of aspiring financial professionals.

At this year’s finals, four outstanding student teams comprising teams from University of Colombo, University of Sri Jayewardenepura and two teams from University of Kelaniya showcased their prowess in financial analysis, vying for the title. Team B of University of Kelaniya emerged runners-up.

The winning team comprised of Manusha Kandanaarachchi, Sajini Kaushalya, Hasna Imtikhab, Melissa Ranathunga and Pramitha Perera and was mentored by industry mentor, Chathun Heiyanthuduwa, CFA, and faculty advisor, Senani Thenuwara. They would progress to the sub-regional stage, where they would compete against teams from Bangladesh, India and Pakistan.

The journey doesn’t end there; successful teams will then advance to the Asia-Pacific regionals and thereafter to the global final competition, showcasing their analytical competence on an international platform.

CFA Society Sri Lanka President Aruna Perera emphasized the significance of the CFA Institute Research Challenge in honing essential skills for budding finance and investment professionals.

“The challenge serves as a crucial avenue for students to develop technical proficiency, effective writing and presentation skills,” Perera stated.

The participating teams underwent rigorous training on equity research and analysis supported by Acuity Knowledge Partners, training on presentation skills supported by Advi Academy as well as technical analysis training supported by the Colombo Stock Exchange. The subject company was hSenid Business Solutions PLC.

Senior Prof. Sampath Amaratunga, Chairman of the University Grants Commission of Sri Lanka and Chief Guest for the occasion, commended the participants for their commitment to excellence and encouraged them to continue striving for professional growth and innovation in the finance industry. Colombo Stock Exchange Chairman Dilshan Wirasekera graced the occasion as the Guest of Honour.

CFA, Chairperson Eneeshya Perera of the Research Challenge Committeesaid; “We received over 20 applications this year, reflecting the growing interest and commitment of students towards advancing in the field of finance. This is encouraging as they are the backbone of the competition.”

The local finals were held at the Colombo Stock Exchange on February 27, saw each team presenting their comprehensive analyses to a distinguished panel of judges, comprising of Dr. Buddhika Fernando, CFA, Assistant Director, Acuity Knowledge Partners, Shiluka Goonewardene, Principal, Head of Deal Advisory, KPMG Sri Lanka and Tharinda Jayawardana, CFA, Director, Advisory Services, TWCorp (Pvt) Ltd.

Team Leader Manusha Kandanaarachchi of the winning team said; “Participating and winning the CFA Institute Research Challenge Sri Lanka 2023/2024 was a transformative experience for me and my team. We delved deep into equity valuation complexities, honing skills and embracing industry best practices.”

The post CFA Institute Research Challenge Sri Lanka 2023/24 appeared first on DailyNews.

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