Talk by Mr. Paul Smith, President & CEO, CFA Institute

The Centre for Capital Markets invites you to a talk on “Building an Investment Profession in India” by Mr. Paul Smith, President & CEO , CFA Institute. The talk is scheduled to take place on Monday, April 20, 2015 from 4:00pm to 5:00pm at the MDC Seminar Hall, IIMB Campus.

About the Talk

As a profession, investment management is relatively new. Over the past fifty years leaders in the field of investment profession have evolved and articulated a body of investment knowledge and a set of best practices that underpin the ability of financial markets to serve the needs of an increasingly complex global economy. However, the investment profession has come under increasing scrutiny in the wake of the global financial crisis and the seeming failure of financial institutions to keep the interest of their customers ahead of their own financial interests. In this context, Paul Smith, global President and CEO of CFA Institute will discuss major trends in the investment industry and how these affect the investment profession globally and in India. CFA Institute’s mission is to lead the investment profession globally by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society. As the leader of the institution that has shaped the practice of investment management globally, Paul will offer his thoughts on where India stands today and how India should develop its own investment profession as it navigates the transition from a state dominated economy to a market driven economy.

Mr. Paul Smith

Paul SmithPaul Smith leads CFA Institute and its more than 127,000 members worldwide in promoting the highest standards of education, ethics, and professional excellence in the investment profession. He has been president and CEO since January 2015.

Mr. Smith has extensive leadership experience in the investment management industry, having held a variety of positions in major financial centers over 30 years. He started his career in asset management at Ermitage International, an alternative funds management company, progressively taking up roles of increasing responsibility across Europe (London, Paris, and Dublin) over 11 years — the last seven as the firm’s CEO.

He moved to Asia in 1996, just as the region began to take off, to join Bank of Bermuda in Hong Kong as Asia head of securities services. In 2001, he was promoted to global head of funds services. After HSBC’s acquisition of the bank in 2004, he served as HSBC’s global head of alternative funds administration working in Hong Kong and New York, where he was responsible for the delivery of services to 2,000 investment funds with over US$250 billion of assets.

Mr. Smith has also pursued entrepreneurial roles, most recently as founder and CEO of the Hong Kong-based hedge fund investment management firm Asia Alternative Asset Partners for six years prior to joining CFA Institute. Asian Investor magazine named him one of the 25 Most Influential People in Asian Hedge Funds.

With over 18 years of experience in Asia, Mr. Smith is active in the region’s investment community as an Executive Committee member of the Alternative Investment Management Association in Hong Kong. He has also served on the board of a number of Asia-based funds over the years.

Aside from being a CFA charterholder, he is also a fellow of the Institute of Chartered Accountants of England and Wales, and worked as an auditor at Pricewaterhouse in London for four years early in his career.

He holds a master’s degree in history from Oxford University.