The Investment Management Due Diligence Association (IMDDA) has named the first-ever group of people to achieve the new Chartered Due Diligence Analyst (CDDA) designation after sitting for and passing an intensive examination.
Under development by the IMDDA for more than two and a half years, the CDDA designation denotes a superior level of understanding of international due diligence practices and principles. Obtaining the CDDA distinguishes professionals as having achieved extensive background and experience in due diligence and possessing the skills to understand business, operational, accounting, financial and investment risks. The CDDA will be the recognised standard in Operational and Investment Due Diligence around the globe.
“Due diligence is the first, ongoing and last defence against fraud, lack of clarity, and errors in investment programs relied on by literally hundreds of millions of people worldwide,” says Andrew Borowiec, Executive Director of the Investment Management Due Diligence Association (IMDDA), an exclusive investor-based organisation dedicated to the professionals who investigate facts concerning investment programs
“Today, due diligence became a bona fide profession,” he says. “We salute the 11 individuals who passed this first exam and are pioneers in working for and achieving this first CDDA designation. We welcome the many thousands of others who will follow in their footsteps to elevate the critical role of investment management due diligence,” he said. “This is a watershed event for the due diligence profession and for these committed individuals.”
The 11 individuals who passed the first exam and have received the CDDA designation are:
• Timothy Bray CDDA – GuideStone Financial Resources
• Scott J Forrest CDDA – South Carolina Retirement System Investment Commission (RSIC)
• Sajal J Heda CDDA – Amana Global Partners
• Aaron D Herr CDDA – Abrams Capital
• Marta Klein CDDA – UBP Asset Management LLC
• Stephen S Miller CDDA – New Providence Asset Management LP
• Melanie Pickett CDDA – Northern Trust
• Ryan Quinn CDDA – Children’s Health
• Bram Vennegoor CDDA – PGGM
• Steve Wallace CDDA – CFA Institute
• John Ward CDDA – Duff & Phelps LLC
