BLOOMINGTON, Minn., October 27, 2005 — Pearson VUE, the electronic testing business of Pearson Education, today announced it signed a multi-year contract with VCampus Corporation to provide electronic test delivery for the new CFA Institute Certificate in Global Investment Performance Standards (CGIPS™) program. Beginning March 2006, CGIPS exams will be available throughout the Pearson VUE-owned and -operated global network of more than 230 Pearson Professional Centers supplemented by another 170 Pearson VUE® Authorized Center Select test centers around the world.
CFA Institute is a global, non-profit professional association that sets voluntary, ethics-based professional and performance-reporting standards for the investment community. CFA Institute selected Pearson VUE to deliver the new Certificate in Global Investment Performance Standards examinations.
The program is based, in part, on the Global Investment Performance Standards (GIPSŪ) that are sponsored by CFA Institute and 23 other investment organizations. The CGIPS program fills a void in the marketplace for a professional credential specifically focused on performance evaluation and presentation. In order to receive the CGIPS designation, candidates must pass two certification exams: Principles and Expert.
“Pearson VUE will help us provide a global solution to the investment performance community’s growing demand for professional excellence,” said Philip Lawton, CFA, director of the CGIPS program. “Pearson VUE will play an integral role by supplying the electronic testing component of the CGIPS Program. As a leader in the electronic testing industry, its exceptional service and advanced technology will provide our candidates with an outstanding, secure testing experience.”
“We are pleased to be providing electronic testing for the CGIPS program,” said Bob Whelan, vice president and general manager, Pearson VUE. “Pearson VUE is committed to providing the most secure testing environment for our client’s testing programs. CGIPS exams will be delivered throughout 80 countries in test centers that are equipped with biometrics as well as digital and audio video monitoring services.”
About Pearson VUE
Pearson VUE (www.pearsonvue.com) is the electronic testing business of Pearson Education, which in turn is part of Pearson, the international media company. Pearson’s primary operations also include the Financial Times Group and the Penguin Group.
About CFA Institute
CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® (CFA®) and Certificate in Global Investment Performance (CGIPS) curriculum and examination programs worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 78,000 members in 121 countries and territories, including the world's 66,000 CFA charterholders, as well as 131 affiliated professional societies in 52 countries and territories. CFA Institute is headquartered in Charlottesville, Va., USA, with regional headquarters in London, Hong Kong, and New York. More information may be found at www.cfainstitute.org. (Bloomberg users can find CFA Institute at 497458Z).