SANTO DOMINGO. – The ceremony was presided over by the superintendent of the Mercado De Valores, Ernesto Bournigal Read, who celebrated the awarding of prizes for the First Capital Market Competition of the Dominican Republic, an event aligned with the twenty-first anniversary of the superintendence.
Bournigal Read mentioned that the purpose of this competition is to positively influence new generations in a lasting way.
In addition, he mentioned that the competition will be held annually as one of the activities to commemorate the anniversary of the entity.
In this first edition, the Superintendence of the Capital Market (SIMV) had the support of the Association of Investment Fund Administrators Societies (ADOSAFI) as a strategic ally for the event, with the main theme being “Collective Investment Mechanisms”.
Young professionals and university students were invited to participate, encouraging them to present projects focused on one of the four proposed thematic axes: innovation; behavioral finance and economics applied to investor behavior; financial analysis in the field of capital markets; and commitment to social, environmental, and corporate governance.
The winners of the competition, who received a recognition plaque and a prize of RD$200,000, were: Firstly, the work “Investment Funds in the Dominican Republic: dynamics, determinants, and strategies to promote their development”, an academic article focused on financial analysis by Jorge Eduardo Szabo and Manuel Alberto Pérez.
Another outstanding project was “DILIGY: Simple Diligence”, the design of an innovative and revolutionary platform focused on centralizing and automating the processes of preventing money laundering in the capital market, presented by Luis A. Hernández, Diego A. Rodríguez, and Frank L. Ramírez.
Also, the project “Transforming the capital market: Microlearning and gamification platform for financial education in the Dominican Republic” was awarded, a platform created to promote education and investment in the capital market among users, developed by Jean Carlo De León Mercedes.
The superintendent Ernesto Bournigal Read highlighted the excellent work of the jury, composed of 35 professionals specialized in finance and outstanding academics, who evaluated the 28 works presented by 50 authors in a detailed and objective manner.
On the other hand, Santiago Sicard, executive president of ADOSAFI, emphasized the importance of this competition in educating and encouraging young Dominicans to get involved in the capital market through investment funds or other financial products, thus benefiting from these services that facilitate the financing of companies and projects that drive the economy and generate wealth in the country.
At the award ceremony, Bournigal Read was accompanied by officials from the SIMV and the Central Bank of the Dominican Republic, as well as members of the jury and participants.
credits of the images of this post: Deultimominuto.net
