Biography
Ed Bace, CFA, was previously head of education for the Europe, Middle East, and Africa (EMEA) region at CFA Institute. He has also served as a professor of finance at BPP Business School. Bace has more than 20 years of experience in international finance, including roles with the European Bank for Reconstruction and Development, Lehman Brothers, and Standard & Poor’s. He holds an MBA in finance and international business from New York University.
Joachim Klement examines the role of personal experiences in determining financial risk preferences among investors, and how this can help financial advisers.
At the recent CFA Society of the UK Annual Conference in London, Michael Mauboussin, chief investment officer at Legg Mason Capital Management, laid out some best practices, including paying attention to process versus outcome, having the odds in one’s favor, and understanding the role of time.
George Abed, senior counsellor and director for Africa and Middle East at the Institute of International Finance, discusses the economic and political transition taking place among the Arab countries around the Mediterranean and implications for the wider region.
Robert Jenkins, FSIP, cites the flaws in the traditional return on equity (ROE) measure in measuring bank financial performance and proposes some much needed alternatives.
Andrew Smithers discusses why the U.S. equity market is currently overvalued and argues that central banks should be encouraging a reduction in debt levels and quality growth over time, rather than rapid growth now.