The HEC Liège team wins the CFA® Challenge BENELUX 2018-2019!

The HEC Liège team wins the CFA® Challenge BENELUX 2018-2019!

Liège, 13 February 2019 - Corentin Wallon, Mathias D'Angelo, Quentin Servais, Alexandre Scivoletto and Jérôme Ruth, students at HEC Liège - School of Management of the University of Liège, are the winners of the Benelux final of the prestigious CFA® Institute Research Challenge competition, which took place in Amsterdam on 12 February. They were coached by Prof. Marie Lambert and Kathrin Schifflers, Industry Mentor, an alumna of HEC Liège (2013).


cfa challenge


Initially, 14 universities participated in the competition. After a first selection, only three remained: UCL, Universiteit van Amsterdam and HEC Liège. To win, participants had to write a research report on a private sector company and defend it before a panel of financial analysts.At the end of the presentations of the 3 teams still competing, the HEC Liège team won first place! Their coaches had trained them very carefully in the art of oral presentation, which also weighs in the final grade.


This international challenge, organized by the CFA® Institute, the world association of investment professionals, is an annual competition open to students in the field of finance. It gathers over 1,000 universities/business schools and 5,000 students worldwide.


Students carry out an in-depth financial analysis of a company, in accordance with the rules established on the basis of excellence and ethics established by the CFA® Institute. All work is carried out under the supervision of a mentor, who is him/herself a professional in the investment sector, CFA® charterholder. The purpose of the analysis is to propose concrete recommendations to the company based on quantified data and to provide an assessment of the actual state of the company.


The CFA challenge is very selective. Not only does it given participants a chance to improve their skills in the field of financial analysis, but it also allows them to meet high-level professionals and strengthen the relationship established between the CFA® Institute, students and the financial industry.


The HEC Liège team, which was supported by the HEC Liège Fund*, wins €1,000 and is in the starting blocks for the European Middle East Africa final in Zurich on 10-11 April. And why not for the world final, which will take place in April in New York...


A brief reminder of our participation in the CFA® Challenge and the HEC Liège ranking
The HEC Liège team, which was already coached by Prof. Marie Lambert, won the BENELUX final in 2014-2015.  
The team had come :

  • 4th out of 15 in 2017-2018
  • 5th out of 13 in 2016-1017
  • 6th out of 12 in 2015-2016
  • 1st of 14 in 2014-2015

Press contact at HEC Liège:
Nathalie HOSAY
Tél.+ 32(0)477 625 966