University of Waterloo Scholars Awarded Title of Local Research Challenge Champions

TORONTO, March 9, 2015 /CNW/ - Four University of Waterloo business students triumphed at the annual CFA Society Toronto and CFA Society Ottawa local final of the CFA Institute Research Challenge in Toronto last week.  The student team – David Chan, Oliver Chan, June Wang and Jeffrey Wong were awarded the title of Local Research Challenge champions.  The winning team members each received a thousand dollar prize and will compete against teams throughout the Western Hemisphere in the CFA Institute Research Challenge Americas Regional. The regional winner will then progress to the Global Final in April.  This is the third time that students from University of Waterloo have secured the Local Research Challenge Championship.

"We are extremely humbled to be representing the University of Waterloo, CFA Society Toronto and CFA Society Ottawa in this year's Americas Regional Finals. The journey was worth the time and effort to hone our analysis and presentation skills. We are grateful for the support that everyone has provided, including faculty and industry mentors, professors and other students." said Team Captain Jeffrey Wong.

The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis. Students work in teams to research and analyze a publicly traded company, and each team writes a research report on its assigned company with a buy, sell, or hold recommendation. Teams that progress to Local, Regional and Global Finals must present and defend their analysis to a panel of industry professionals. Students learn from experienced industry experts and peers from the world's top business schools.  This year, more than 3,700 students from 58 countries will participate in 93 local Research Challenge events, culminating in the Global Final in Atlanta, Georgia, in April 2015.

"The CFA Institute Research Challenge supports promising students who have shown interest and aptitude toward the financial industry.  Teams learn about best practices, research, real-world analysis, report writing and presentation skills each year giving them experience above and beyond most graduates." said CFA Society Toronto CEO, Sue Lemon, CFA.

The local level of the Research Challenge provides students with the opportunity to develop and present an equity research report on Thomson Reuters, the world's leading source of intelligent information for businesses and professionals. Students learn from leading industry experts and their peers from the world's top business schools. Competing universities assemble teams of three to five students who work directly with Thomson Reuters in researching and preparing a company analysis.

For more information visit the CFA Institute Research Challenge website

The School of Accounting and Finance at the University of Waterloo
The School of Accounting and Finance is the largest professional school of its kind in English-speaking Canada. Established in 1981, the school offers undergraduate and graduate programs designed to provide students with the competencies, professionalism and practical experience they need to excel in their chosen careers. The school offers undergraduate co-op programs in accounting, finance and computing and financial management.  It also offers masters programs in accounting and taxation and a PhD program in accounting. For more details, go to

About CFA Society Toronto
CFA Society Toronto supports the professional and business development of more than 8,300 CFA charterholders in Toronto, making it the second largest member society in the world. It provides members with a local perspective on a global designation, including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities. A not-for-profit organization, CFA Society Toronto is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. CFA Society Toronto's members are leaders in ethics in the financial community. For more information, please refer to

About CFA Society Ottawa
CFA Society Ottawa is a not-for-profit organization that supports the professional and business development of approximately 300 CFA charterholders in the Ottawa region. Consisting of portfolio managers, security analysts, investment advisors, and other financial professionals, we promote: ethical and professional standards within the investment industry, encourage professional development through the CFA Program and continuing education, facilitate the exchange of information and opinions among people within the local investment community and beyond, and; work to further the public's understanding of the CFA designation and investment industry.  CFA Society Ottawa is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. For more information, please refer to

About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit

SOURCE CFA Society Toronto

Image with caption: "University of Waterloo Local Champions (CNW Group/CFA Society Toronto)". Image available at:

For further information: Media Contact University of Waterloo: Patty Mah, 519.888.4567 X37152,; Media contacts CFA Society Toronto: Sara Pacella, 416.366.5755 X235,


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