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Group unveils vision for Perth as a mining finance centre

CFA Society Perth has unveiled its ‘Natural Resources Vision’, which aims to position the Western Australia capital city as a global centre of excellence for mining and energy finance.
Group unveils vision for Perth as a mining finance centre Group unveils vision for Perth as a mining finance centre Group unveils vision for Perth as a mining finance centre Group unveils vision for Perth as a mining finance centre Group unveils vision for Perth as a mining finance centre

Western Australia's capital should play to its financial strengths, according to CFA Society Perth

The "bold vision" was launched this week at an event in Perth, attended by the state's  mines and petroleum minister, Bill Johnston.

"We are a dominant province globally for resources," Johnston said.

"We are also the source of expertise globally for the mining sector."

Johnston said chartered financial professionals group's vision would assist the WA government's aim for the state to be the global resources centre.

"We need to leverage everything together," he said.

"Our opportunity for diversity is not to ignore the resources sector, it's to stand on the shoulders of the resources sector."

CFA Society Perth will hold a symposium for natural resources finance and investment professionals next year, focused on addressing some of the major economic, political, social and environmental challenges facing the resources sector, including climate change and ESG.

In the meantime, it's calling for input from the industry.

"With Western Australia's abundance of natural resources and globally recognised excellence in energy, resources and agriculture, Perth is the logical home to develop a hub for natural resources finance and investment excellence," CFA Society Perth co-president Claire Mortoni said.

"CFA charterholders are renowned for applying a rigorous, ethical, and informed approached to investment recommendations, risk management and governance. Leveraging these assets will in turn add real value to the natural resources industry."

Woodside Energy executive vice president and chief financial officer Sherry Duhe spoke at the event and said she was drawn to CFA charterholders when hiring.

Myanmar Metals general manager, corporate and CFA board member Ross Dinsdale said it would create employment opportunities.

"In time, what we want to see is that global resource leaders in Perth find their talent in the finance sector," he said.

"I think this also provides an opportunity for those operating out of universities and graduates, to see a tangible path forward for them in the employment market that doesn't exist today."

Dinsdale acknowledged Perth wasn't a diversified financial centre and it traditionally exported financial professionals to other cities.

About 70% of CFA Society Perth's members are directly and indirectly working in the resources sector.