Derayah Financial says Capital Markets Division compliant with the Global Investment Performance Standards from CFA Institute

Logo of Derayah Financial

Derayah Financial announced its Capital Markets Division’s compliance with the Global Investment Performance Standards (GIPS®) from CFA Institute, therefore standardizing the calculation and presentation of investment performance and applying global best practices.

Commenting on the announcement, Mohammed Al-Shammasi, CEO of Derayah Financial, stated that “The adoption of the GIPS® Standards reflects the commitment of the Capital Markets Department in Derayah Financial to implement the best approaches in the investment industry. The investment performance reporting should meet the global best practices.” He also added: “This is another step towards our vision of establishing the highest level of institutional investment management, along with submitting investment performance reports to investors based on rigorous performance measurement standards. This is clearly reflected in Derayah’s efforts in uplifting the local asset management industry’s expectations towards integrity and transparency. It also reinstates Derayah’s dedication in enhancing the important levels of trust and partnerships that we look to build with our investors.”

“Derayah Financial Capital Markets Division’s’ compliance with the GIPS standards is a testimony of its commitment to adopting best practices and advancing the investment profession by implementing a global standard. They are among the few local Asset Managers in Saudi Arabia to adopt the GIPS standards,” said Ghadah Mazi, GIPS Standards Sponsor Committee Chair at CFA Society Saudi Arabia. “We applaud Derayah Financial Capital Markets Division for their efforts to put investors first, and we encourage more asset managers to follow their lead to promote fairness, transparency, and ethics in investment performance.”

Introduced in 1999, the GIPS standards are universal, voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance. The GIPS standards are administered globally by CFA Institute and as of 31 December 2020 have been adopted by more than 1,750 firms and asset owners in more than 45 markets around the world, including all or a portion of 39 of the top 40, and 89 of the top 100, asset managers globally, according to data from Cerulli Associates.

For more details, please follow the link below:

www.cfainstitute.org, www.gipsstandards.org, @CFAInstitute on Twitter or Facebook.com/CFAInstitute.