Director Vardan Markosyan of the "VGM Patrners" investment consulting firm based in Armenia spoke about the lack of qualified professionals in Armenia's financial sector when presenting the findings of the U.S.-based "Emerging Markets Group" study regarding the needs for professional education in the field. The firm made several proposals regarding the needs of financial institutions and ways to improve the exisiting educational arena. In order to fill the need for qualified professional a proposal was made for local instructors in the field to attend seminars organized by foreign specialists.