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May 10, 2002
The Association for Investment Management and Research (AIMR)annual conference is set to begin
  
The City of Toronto and the Toronto Financial Services Alliance welcomes
participants to AIMR -- a three-day conference that will be held at the
Sheraton Centre, May 12 - 15. AIMR will bring to Toronto more than 1,000
members from this worldwide professional association and will feature sessions
and workshops led by world-renowned financial services experts. Discussion
topics will include: new directions in financial reporting, equity and stock
market valuations and hedge funds. Deputy Mayor and Chair of the Toronto
Financial Services Alliance, Case Ootes, will be on hand to formally open the
conference on Monday, May 12.

"The City of Toronto and the Toronto Financial Services Alliance are absolutely
committed to the enhancement of Toronto as a competitive and global financial
services centre, and we welcome all the delegates to the AIMR annual
conference," said Deputy Mayor Ootes.

The financial services sector directly employs approximately 128,000 people in
Toronto and contributes roughly 30 per cent to its gross domestic product. The
Toronto financial services cluster ranks third in North America, in terms of
employment at the census metropolitan area level. In fact, the City of
Toronto's Economic Development Division was instrumental in the formation of
The Toronto Financial Services Alliance. The group consists of members of the
financial services industry, academia, affiliate businesses and varying levels
of government. Its mandate is the development of an action plan that will
enhance the competitiveness of Toronto as a global financial services centre.

AIMR is a non-profit organization of financial analysts, portfolio managers and
other investment professionals in 112 countries. The membership also includes
111 local professional societies in 34 countries. Toronto's local AIMR chapter
represents the second largest society in North America, behind New York only.

AIMR is internationally renowned for its rigorous Chartered Financial Analyst
(CFA) curriculum and examination program. This year, more than 101,000
candidates enrolled for the fortieth annual CFA exam that is to be written in
75 countries this June. Approximately 6,620 people are registered to write the
exam in Toronto and Ottawa. Canada has 6,446 CFA charterholders or 14 per cent
of AIMR's total CFA charterholders. Of this number, 62 per cent reside in
Ontario. Canada has more charterholders on a per capita basis than any other
nation, with the exception of Bermuda. This represents the increasingly high
standards demanded in a complex global financial services arena and Toronto's
excellent standing within that environment.

For more information on the Toronto Financial Services Alliance, contact Susan
Viegas at 416-397-4817. For information on AIMR, contact Rich Wyler, AIMR,
434-951-5344.


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