Bahrain Bourse and Chartered Financial Analyst (CFA) Bahrain has signed a memorandum of understanding (MoU) to boost co-operation in developing expertise and skills of professionals offering financial services, according to a report.

They plan to organise joint events, specialised educational programmes and awareness programmes directed towards the capital market in Bahrain, said a report in the Gulf Daily News, our sister publication.

The agreement was signed by Bahrain Bourse director Fouad Rashid and CFA Bahrain president Khalil Nooruddin at the Bourse premises.

The MoU aims at developing a framework that will enable both parties to co-operate and co-ordinate with the concerned parties to promote adherence to a code of conduct in order to raise standards of integrity and professional excellence and encourage continuing education and professional development.

They will form a working group to draw up a road map and a project plan to achieve the proposed goals.

"We welcome the opportunity to work with Bahrain Bourse on such an important project," said Nooruddin.

"It provides an opportunity for CFA Institute, local investment professionals through the CFA Society Bahrain and Bahrain Bourse to work together to serve investor interests and set best practice for financial markets in the kingdom," remarked Nooruddin.

"We have already made great progress in the investment sector in Bahrain and this initiative will take the development of financial services here to an even higher level," he added.-TradeArabia News Service