CFA Charter Awards 2010

Bucharest, November 18, 2010

“Though the finance industry absorbs many with Masters degrees in Business Administration and finance degrees, the Chartered Financial Analyst qualification, pursued part-time by those already hired, has become the industry’s benchmark.”

Financial Times, 2009

“Whereas there are tens of thousands of finance degrees available around the world, ranging from the excellent to the worthless, there is only one CFA… explosive growth has made it, in effect, global currency.”

-The Economist, 2005

Nikkei Financial Daily

“The Chartered Financial Analyst (CFA) qualification is highly rated in financial circles around the world. In many countries it is essential for people working for financial institutions to obtain the license.”

Nikkei Financial Daily, 2004

Employers with the largest number of CFA Charterholders Allianz AG, Bank of America Corporation,

Barclays Group, Citigroup, Credit Suisse Group, Deutsche Bank, The Goldman Sachs Group, Inc., HSBC, ING Groep N.V., JPMorgan Chase & Co, Merrill Lynch & Co., Inc., Morgan Stanley, PricewaterhouseCoopers International Limited, RBC, State Street, TD Bank Financial Group, UBS, Wachovia Corporation

CFA Exams

Three 6 hour sequential exams Examinations well known for their rigor, verifying

not only understanding of the curriculum but also the ability to synthesize complex investment principles and apply financial instruments in a professional manner

Historically, only one in five people who registers completes the program

CFA Exams Curriculum 1/2

Ethical and professional standards Quantitative methods Economics (micro and macro) Corporate finance Financial reporting and analysis (IFRS and

GAAP)

CFA Exams Curriculum 2/2

Equity investments Fixed income Derivatives Alternative investments Portfolio management and wealth planning

Earning CFA Designation

Adhere to the CFA Code of Ethics and Professional Conduct

Pass the exams Have four years of relevant professional

experience Two sponsors Become member of a CFA Society

CFA Romania

Members - Trends

2004 2005 2006 2007 2008 2009 2010Total Members 28 32 46 63 73 83 119*Annual Growth Rate 14% 44% 37% 16% 14% 45%

* Out f which 110 regular membersSource: CFA Institute

Source: CFA Institute

Members – Top Employers

RZB GroupING Group

UniCredit Group

EFG Group

General Electric

Piraeus Bank

Source: CFA Institute

Members - EmploymentInstitutional Asset Type % of Total

Bank/Investment Bank 45.8%

Endowment/Foundation 0.0%

External Corporations 0.0%

Government/Municipal Entity 0.0%

Hedge Fund 4.2%

Insurance Company 12.5%

Internal Corporate/Proprietary 4.2%

Mutual Fund/Investment Company 12.5%

Pension Fund 4.2%

Private Equity Fund 16.7%

Other 0.0%

Years in Industry % of Total

Not Applicable 7.1%

5 years or less 15.0%

6 to 10 years 44.2%

11 to 15 years 29.2%

16 to 20 years 4.4%

Over 20 years 0.0%

Source: CFA Institute

Members - OccupationOccupation % of Total

Accountant/Auditor 4.6%Broker 1.9%Chief Executive 11.1%Consultant 6.5%Corporate Financial Analyst 13.9%Financial Advisor 5.6%Investment Banking Analyst 7.4%Manager of Managers 3.7%Portfolio Manager 6.5%Private Banker 0.0%Relationship Manager 1.9%Research Analyst 14.8%Risk Manager 11.1%Strategist 1.9%Trader 5.6%Other 3.7%

Source: CFA Institute

Members – Asset ClassesInvestment Practice % of Total

Commodities 8.3%Derivatives 27.8%Equities 43.5%Fixed Income 38.9%Foreign Currency 30.6%Hedge Funds 4.6%Indexed 0.9%Private Equity 21.3%Real Estate 16.7%Structured Products 20.4%Venture Capital 9.3%Other 13.0%

Source: CFA Institute

MembersGender % of Total

Female 37.9%Male 62.1%

Age Range % of Total21 - 25 0.0%26 - 30 23.9%31 - 35 45.1%36 - 40 15.0%41 - 45 10.6%46 - 50 3.5%51 - 55 1.8%56 - 60 0.0%61 - 65 0.0%> 65 0.0%

Degree % of TotalMasters or equivalent 52.4%

MBA 9.8%

Doctorate - PhD, EdD or equiv. 2.4%

Source: CFA Institute

New CFA Charterholders 2010

Cristian Antoci, CFA Este senior advisor cu experienta in M&A la

Corporate Finance Advisors din 2008. A avutproiecte in ultimii doi ani in domeniile: minerit, procesarea metalelor, industrie alimentara, energie, materiale de constructii.

A mai lucrat ca senior associate la European Privatization and Investment Corporation.

A absolvit cursurile de leadership creativERISMA.

Este iubitor de ascensiuni montane si fotografieartistica.

Catalin Florinel Dragomirescu-Gaina, CFA

Din 2004 lucreaza ca economist la BNR, realizand prognoze macroeconomice, analize si evaluari ale deciziilor de politica monetara.

Si-a inceput cariera ca specialist la Comisia Nationala a Valorilor Mobiliare.

Se implica in activitatile organizate de ASE si scoala doctorala de finante si banci: networking, predare de seminarii.

Catalin este pasionat de dans, fotbal si patinaj.

Corina Mihaela Dobre, CFA Expert in cadrul departamentului reglementare si

licentiere din cadrul BNR, calitate in care contribuie la implementarea proiectului Basel II in bancile din Romania.

A lucrat si ca programator si asistent universitar in cadrul ASE Bucuresti

Nicoleta Liana Badea, CFA Este risk manager in cadrul departamentului de

ADMINISTRARE A RISCULUI SI EVALUARE A PEROFMANTEI din SAI Raiffeisen Asset Management.

A mai lucrat in departannetul de control intern si divizia corporate din BCR, dar si ca specialist piete reglementate din CNVM.

Alexandru Penciu, CFA Si-a inceput cariera in anul 2004 la BNR.

In prezent este Arbitrajist principal cu atribuţii de administrare a riscurilor, membru al Comitetului de Administrare a Rezervelor Internaţionale din cadrul BNR.

Alexandru are abilitati deosebite in zona de modelare si este o persoana analitica.

Dan-Gabriel Tincu, CFA A urmat programul de dezvoltare a leadershipului de la

Harvard Business Publishing si este si membru ACCA din 2005.

A scris articole in ‘Forbes’ magazine, ‘Adevarul–pornind de la experienta de investitor si trader

Este din septembrie 2009 VP, Financial Controller la WNS Global Services Romania, pozitie pe care a ocupat-o dupa ce a condus in calitate de Management Information Manager departamentul de controlling de laProvident Financial (member of IPF, UK)

A lucrat la Phillip Moris si la UPC Romania, dar si ca inspector de taxe in cadrul Ministerului de Finante.

Alina Rus, CFA Director in Divizia de Risk a Bancii Raiffeisen din

2008, Alina lucreaza in cadrul bancii din 2004 si si-a inceput cariera in cadrul departamentului IT.

A urmat numeroase cursuri in domenii tehnice si de soft skills.

Ii place sportul si sa cante la pian.

Vlad Stefan Ciobanu, CFA Este seful departamentului Institutii financiare

din cadrul Bancii Raiffeisen.

Din anul 2003 cand a absolvit Universitatea Alexandru Ioan Cuza din Iasi a lucrat in diverse departamente din cadrul bancilor Raiffeisen si Pireus.

Bianca Neagu, CFA Analist financiar in cadrul SAI Raiffeisen Asset

Management, Bianca lucreaza in cadrul acestei firme de la inceputul carierei profesionale din 2005.

Este o persoana integra, perseverenta, tenace si optimista.

Stelian vezentan, CFA Este auditor senior la Ernst&Young si si-a inceput

cariera profesionala ca editor la Ziarul Financiar. Este o persoana motivata si decisa sa se dezvolte

permanent lucrand in medii competitive. Cauta calitatea in fiecare aspect al vietii sale. A descoperit ca pasiunea pentru matematica si interesul pentru psihologie se imbina perfect in economie si in special in pietele financiare despre care a invatat de la maestri precum Soros, Schumpeter or Keynes.

Ii plac pshologia si filozofia, dar si sahul si fotbalul.

Corina Negut, CFA

Este director adjunt Trezorerie in Piraeus Bank Romania

Ana Maria Mogina, CFA

Alina Ionita, CFA

Este director financiar, Katan Consulting

Otilia Ciotau, CFA

Este economist sef, Piraeus Bank Romania

Passed Level III in June 2010 Ana Maria Stancescu Andrei Anghel Bogdan-Andrei Halac Constantino Navarro Cristina Mihailescu Daniela Diaconescu Dumitru Furtuna Florin Ciobotaru

Johannes Kevelam Madalina Militaru Manuta Dumitrache Marian Serban Mihaela Moleavin