The CFA Institute Research Challenge offers students the unique opportunity to learn from leading industry experts and compete with peers from the world’s top finance programs. This annual educational initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.

The Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for a real world competition. Additionally, all participants are introduced to and held to the standard of the CFA Institute Code of Ethics and Standards of Professional Conduct.

CFA Society Sydney is proud to host its sixth annual local level of the CFA Institute Research Challenge in Sydney.

  • Subject Company
  • Schedule of Events
  • Sponsors
  • Participating Universities
  • Volunteer
  • Honour Roll


Domino's Pizza Enterprises Ltd (Domino's) is the largest pizza chain in Australia in terms of both network store numbers and network sales. It is also the largest franchisee for the Domino's Pizza brand in the world.

Domino's holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, Belgium, France, the Netherlands, Japan and Germany. The

Domino's brand is owned by Domino's Pizza, Inc, a listed US company.

Domino's Pizza Enterprises now extends across seven countries, with more than 2000 stores and is the leading international Domino's franchise.

Domino’s Pizza is a ASX-listed company (ASX: DMP)


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Date Event
9 August 2017 2017-18 Kick Off Meeting
12 September 2017 Subject Company Information Session
20 September 2017 Submit Final Written Report

21 September 2017

Announcement of Four Finalists

The four teams with the highest written report scores will advance to present to a panel of judges at the Final

18 October 2017 Final: CFA Institute Research Challenge Sydney Competition
18-19 April 2018 Asia Pacific Regional Final - Seoul, Korea
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  • Industry Mentor: mentor university student teams
  • Report Grader: review and grade student research reports
  • Presentation Judge: listen to and critique student stock recommendations

If you are interested in any of these volunteer opportunities, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

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Year Winning Team

The University of Sydney

Team: George Hadjia, Daniel Wu, Murphy Xue, Tobias Hasbani and Justin Zuo

Faculty Adviser: Angelo Aspris

Mentor: Ian Myles, CFA

Subject Company: Fairfax Media Limited (FXJ)


The University of Sydney

Team: Brendan Coughlan, Leelan Goddard, David Kohn, Kurtis Larsen and Aaron Mbakwe

Faculty Adviser: Angelo Aspris

Mentor: Roger Samuel, CFA

Subject Company: Blackmores Limited (BKL)


Griffith University

Team: Euan Orsini, John Fan, Andrew L'Estrelle, Jake Muspratt & Jason Rayment

Faculty Adviser: Alexandr Akimov, CFA

Mentor: Ken Howard, CFA

Subject Company: Caltex Australia Limited (CTX)


 The University of Sydney

Team: Luke McAlpin, Ryan McCourt, Bravin Ragavan, Ivan Yang & Marco Anselmi

Faculty Adviser: Angelo Aspris

Mentor: Ross Curran

Subject Company: Woolworths Limited (WOW)


The University of Sydney

Team: Angus Gibbs, Anthony Yao, Levi Romanov, Zubin Bilimoria, Lisa Wang 

Faculty Adviser: Angelo Aspris

Mentor: Vincent Ling, CFA

Subject Company: Sydney Airport


Griffith University

Team: Lisa Rawlings, Rhyan Nash, Tingxi Zhang, Ruby Sethi, Elias Greil

Faculty Adviser:  Alexandr Akimov, CFA

Mentor:   Ken Howard, CFA

Subject Company:  Flight Centre Travel Group


The University of Sydney

Team:    Gary Chen, Akshat Marwah, Alexander Orsmond, James Sioud, Alice Yang

Faculty Advisor:  Angelo Aspris

Mentor:   Vincent Ling, CFA

Subject Company:  Domino's Pizza Enterprises Ltd

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