European Federation of Financial Analysts Societies

The European Federation of Financial Analysts Societies (EFFAS) is the federation of analysts associations in Europe. EFFAS comprises 27 member societies representing more than 14,000 investment professionals. EFFAS was founded in 1962 and the headquarters is located in Frankfurt, Germany.

Besides its European training programme CEFA (Certified European Financial Analyst) EFFAS also grants the Certified International Investment Analysts (CIIA) designation, ensuring professional qualification by offering global as well as local market knowledge within its examination structure. As a global designation the exams can be taken in different languages. Through the national member societies EFFAS provides a full range of services for capital market experts.

CIIA Certification

EFFAS participates in further developing the Certified International Investment Analyst (CIIA) examinations, a financial analyst designation recognised globally. Analysts who belong to European analyst associations that are members of EFFAS, are eligible to participate in the final CIIA examination, if they pass the foundation and the national exams, or if they hold the Certified European Financial Analyst diploma (CEFA).

Member societies

Country Member society
Austria Österreichische Vereinigung für Finanzanalyse und Asset Management (The Austrian Association for Financial Analysis and Investment Advisory Services)[1]
Belgium ABAF - Association Belge des Analystes Financiers (Belgian Association of Financial Analysts)[2]
Bosnia Society for Market Studies[3]
Bulgaria BIMA Bulgarian Investment Managers Association[4]
Croatia Croatian Association of Financial Analysts
Finland The Finnish Society of Financial Analysts[5]
France French Society of Financial Analysts[6]
Germany Deutsche Vereinigung für Finanzanalyse und Asset Management (Society of Investment Professionals in Germany)[7]
Great Britain Chartered Institute for Securities & Investment[8]
Greece Hellenic Association of Certified Stockmarket Analysts[9]
Hungary Hungarian Capital Market Professionals Society/Society of Hungarian Investment Analysts[10]
Italy Italian Financial Analysts Society (AIAF Associazione Italiana degli Analisti e Consulenti Finanziari)[11]
Kazakhstan FIAK Financial Institutions' Association of Kazakhstan[12]
Latvia LASMP-Latvian Association of Securities Markets Professional
Lithuania Association of Financial Analysts[13]
Luxembourg Luxembourg Association of Portfolio Managers and Financial Analysts
Netherlands Dutch Association of investment professionals[14]
Norway The Norwegian Society of Financial Analysts[15]
Poland Polish Association of Brokers and Investment Advisers[16]
Portugal APAF - Associação Portuguesa de Analistas Financeiros (Portuguese Association of Financial Analysts)[17]
Romania Romanian Association of Financial-Banking Analysts[18]
Russia The Guild of Investment and Financial Analysts[19]
Serbia Association of Financial Analysts of Serbia[20]
Spain Spanish Institute of Financial Analysts[21]
Sweden The Swedish Society of Financial Analysts[22]
Switzerland The Swiss Society of Financial Analysts
Turkey Sermaye Piyasasi Profesyonelleri (SPP)[23]
Ukraine The Ukrainian Society of Financial Analysts[24]
  1. ↑ http://www.ovfa.at
  2. ↑ http://www.abaf.be
  3. ↑ http://www.trzisnestudije.org
  4. ↑ http://www.bima.bg
  5. ↑ http://www.sijoitusanalyytikot.fi
  6. ↑ http://www.sfaf.com
  7. ↑ http://www.dvfa.de
  8. ↑ http://www.cisi.org
  9. ↑ http://www.hacsa.gr
  10. ↑ http://www.capmarketprof.hu
  11. ↑ http://www.aiaf.it
  12. ↑ http://www.afk.kz
  13. ↑ http://www.finansai.lt
  14. ↑ http://www.nvba.nl
  15. ↑ http://www.finansanalytiker.no
  16. ↑ http://www.pabia.org.pl
  17. ↑ http://www.apaf.org.pt
  18. ↑ http://www.aafb.ro
  19. ↑ http://www.gifa.ru
  20. ↑ http://www.ufas.rs
  21. ↑ http://www.ieaf.es
  22. ↑ http://www.finansanalytiker.se
  23. ↑ http://www.spp.org.tr
  24. ↑ http://www.usfa-ukraine.org
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