ADMU Wins FINEX Finance Competition
Byline: Edu Lopez
Ateneo de Manila University (ADMU) won the recently concluded 9th Inter-Collegiate Finance Competition (ICFC) held recently at Bangko Sentral ng Pilipinas Auditorium.
The ICFC is the country's most prestigious annual academic competition on finance where more than 70 universities and colleges from all over the Philippines participate.
The competition is organized by the Financial Executives Institute of the Philippines (FINEX). The questions are based on the Chartered Financial Analyst (CFA) Level 1 body of knowledge with topics ranging from Corporate Finance to Economics.
Setting a new record for the highest score (86 percent) in the finals, ADMU team beat the five-time and defending champion University of the Philippines Diliman (2nd place, 80 percent), first-time foreign school participant Singapore Management University (SMU) (3rd place, 60 percent); and 18 college-and-university finalists from all over the Philippines.
Keynote speaker Bangko ng Sentral ng Pilipinas Governor Amando Tetangco Jr. said: "This competition provides a forum for identifying and developing the emerging leaders in the area of finance."
"With their excellent grasp of the fundamentals and theories learned in school, they are already on track to develop the competencies and expertise needed to serve our country, whether in government or the private sector," Tetangco said. …