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The GIPS Standards Expand to Korea

 

CFA Korea Society endorsed as the official sponsor of GIPS in Korea

 

The GIPS Executive Committee is pleased to announce that CFA Korea Society has been endorsed as the official sponsor of the Global Investment Performance Standards (GIPS®) in Korea. This country sponsor endorsement represents the 28th country to formally adopt the GIPS standards. Administered by the CFA Institute Centre for Financial Market Integrity, the success of the GIPS standards is the result of an alliance of sponsors across Europe, North America, Asia-Pacific, and Africa. These key industry groups contribute significantly to promoting and developing the GIPS standards. 

 

Jonathan Boersma, CFA, Executive Director of the GIPS standards commented, “The GIPS Executive Committee is pleased to have the CFA Korea Society share the important role of promoting the GIPS standards in Korea.  By becoming a country sponsor, the CFA Korea Society will work to raise awareness of the GIPS standards. Their participation demonstrates a strong commitment to promoting global best practices.”

 

“The GIPS standards provide a global standard for reporting investment performance, resulting in the additional transparency investors need when comparing investment managers and a level playing field for managers that are competing for new business. As a sign that the GIPS standards continue to be adopted across the globe, the GIPS Executive Committee is pleased to welcome the CFA Korea Society as the latest GIPS Country Sponsor” said Stefan Illmer, Chair of the GIPS Executive Committee and Director, Head of Client Reporting at Credit Suisse.

For more information about the GIPS standards, visit www.gipsstandards.org.

 

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.