21 June 2012

The GIPS Executive Committee is pleased to announce that CFA Society of Mexico has been endorsed as the official sponsor of the Global Investment Performance Standards (GIPS^®) in Mexico. This country sponsor endorsement represents the 35th country to join the global partnership to develop and promote the GIPS standards and the second Latin America country to join. Administered by CFA Institute, the success of the GIPS standards is the result of an alliance of sponsors across Europe, Americas, Asia-Pacific, and Africa. These key industry groups contribute significantly to promoting and developing the GIPS standards. (To view all groups involved in GIPS promotion and development, visit the GIPS standards website).

Carl Bacon, CIPM, Chair of the GIPS Executive Committee and Senior Partner and Chairman at Statpro Group, plc, announced the endorsement of the Mexico Country Sponsor to be effective as of 21 June 2012.

Jonathan Boersma, CFA, Executive Director of the GIPS standards commented, "The GIPS Executive Committee is pleased to have CFA Society of Mexico share the important role of promoting the GIPS standards by becoming a GIPS Country Sponsor. Their participation demonstrates a strong commitment to promoting global best practices. We are particularly excited to expand the adoption of the GIPS standards in Latin America."

For more information about the GIPS standards, visit the GIPS standards website.

About the GIPS Executive Committee

The GIPS Executive Committee serves as the decision-making body responsible for the development and implementation of the GIPS standards. It also promotes the adoption and implementation of the GIPS standards throughout the world as the common method for calculating and presenting investment performance.