SOURCE: CFA Institute

CFA Institute

November 10, 2014 20:00 ET

Cognizant Partners With CFA Institute to Enhance Financial Knowledge of Its Business Process Services Talent

Agreement Is Largest Business Implementation Contract for Claritas® Investment Certificate Program

HONG KONG, CHINA--(Marketwired - Nov 10, 2014) - CFA Institute today announced that Cognizant has become the first corporation in the global technology and business process services industry to adopt the Claritas Investment Certificate program, a comprehensive global program designed to give all professional disciplines in financial services outside of investment roles a clear understanding of the investment industry and their professional responsibilities within it.

Approximately 1,000 professionals of Cognizant will take the certification program over the next two years to build knowledge and sense of responsibility around the investment industry. This will further strengthen Cognizant's position as one of the leading providers of industry-aligned business process services to top financial services companies.

The Claritas Program will be supplemented by study tools provided by CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials. The agreement is the largest business implementation contract for Claritas since its launch in 2013. Candidates will require around 100 hours of study time and will need to pass an examination in order to be awarded the certificate.

"Investing in talent is key to Cognizant's focus on helping banks and financial institutions address their dual mandate of improving efficiency while driving innovation. The financial services industry is changing rapidly as a result of economic, risk and regulatory challenges. The Claritas Program will help our professionals expand their understanding and knowledge of industry functions, relationships and their professional roles, enabling them to make better decisions and provide superior counsel to our clients. This will further strengthen our ability to deliver value to our clients and help them become more competitive," says Sumithra Gomatam, President, Industry Solutions, Cognizant.

"We are delighted to partner with Cognizant to enhance financial knowledge in the business process services industry, a key stakeholder in global financial services. At a time when the financial services industry is striving to restore trust, fostering a culture of professional best practices and ethics across all industry touchpoints, including in support sectors, will go a long way toward increasing public confidence," says Paul Smith, CFA, Managing Director for Asia Pacific, CFA Institute.

The Claritas Investment Certificate is the newest education program offered by CFA Institute, which has more than 50 years of experience administering the CFA program, one of the most respected credentials in the global investment industry. It was developed in response to the global financial crisis as a way to bridge knowledge gaps across the industry. Cognizant was among the program's 70 pilot partners in 2013.

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Paul Smith, CFA, Managing Director for Asia Pacific, CFA Institute (L) and Krishnan Iyer, Vice President, Cognizant ® officiated at a contract signing
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About Cognizant
Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 75 development and delivery centers worldwide and approximately 199,700 employees as of September 30, 2014, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.

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 behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal is to create an environment where investors' interests come first, markets function at their best, and economies grow. CFA Institute has nearly 125,000 members, including 116,500 CFA charterholders, in 145 countries and territories and 144 member societies. For more information, visit www.cfainstitute.org.

About the Claritas® Investment Certificate
The Claritas Investment Certificate is for all professional disciplines in the financial services industry outside of investment roles. From client services to compliance; from human resources to IT and operations; from marketing and sales to legal. It is designed for the many different people in the financial services industry who are not directly involved in analysing or making investment decisions. Participants do not need to meet any education or experience requirements to study for the Claritas certificate.

Follow us on Twitter @Claritas for news about the Claritas Investment Certificate from @CFAInstitute.

Contact Information

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    Rachel Lai
    CFA Institute
    Tel: +852 3103 9347
    Email: Email Contact

    Abhishek Vora
    FleishmanHillard
    Tel.: +91 90 0466 9760
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