NMIMS wins CFA Institute research challenge

Narsee Monjee Institute of Management Studies from Mumbai, India has edged out 18 other student teams from 16 different countries in the Asia Pacific region to win the CFA Institute Research Challenge Asia Pacific Final, making it the first Indian team to advance to the global final which will be held in London on 12 April 2013.CFA Institute Research Challenge is an annual educational initiative that promotes best practices in equity research through hands-on mentoring and intensive training in company analysis and presentation skills.

Held at the Kuala Lumpur Convention Centre from February 22 to 23, 19 student teams from 16 countries 1 presented their analysis to a judging panel comprising experienced practicing professionals. Of the 19 student teams, four were shortlisted to present, before an overall winner was determined.

The five students, Sahitha Abdulla, Harris Karottumangalasseri Aliyar, Dawood Manzoor Bukhari, Siddhant Anthony Johannes, and Prateek Walia, of MBA Capital Markets from NMIMS won with their ""Sell"" recommendation of a private bank and received CFA Program Scholarships, trophies and certificates. The other three teams that presented at the final round were Tsinghua University (Beijing), Singapore Management University (Singapore), and Ateneo de Manila University (The Philippines).

Paul Smith, CFA, Managing Director of Asia Pacific at CFA Institute, said, "We congratulate Narsee Monjee Institute of Management Studies for winning the CFA Institute Research Challenge Asia Pacific Final this year. This global competition provides students with valuable real-world experience in financial analysis and the opportunity to access corporate leaders and experienced analysts. The next generation of leaders in finance will be defined by the stewardship they exercise as fiduciaries and the responsibility they demonstrate. We hope the experience can improve their future career endeavors, and teach skills that build a stronger and more ethical financial industry. I look forward to their outstanding performances at the global final."

On the win, team member Siddhant Anthony Johannes (22), said, "It's unbelievable. We have learnt so much from the CFA Institute Research Challenge experience. We really put in our best without any kind of expectations and the win makes all the hard work worth it." Team Leader, Harris Karottumangalasseri Aliyar, 27, added, "We are really excited to be going to London together as a team, and are looking forward to working even harder for the Global Final. It's been the outcome of a super collective effort concentrating all our energies towards just one aim -winning the competition, making our college proud and making our nation proud. Now we have an added responsibility going forward to London, to make the Asia pacific region proud!"

Introduced in 2006, CFA Institute Research Challenge is considered as "the investment Olympics" for university students, with more than 10,000 students have participated. This year, more than 3,500 students and 775 universities worldwide participate in the local rounds of competition.