Capital Institute of Finance & Investment (CIFI), a new professional company affiliated with UK-based Chartered Institute for Securities & Investment (CISI) has made its debut in the country to create a pool of skilled human resource through imparting professional education and training.
CISI is the largest professional body for the securities and investment industry providing 40,000 examinations per year in 49 countries with learners from 89 countries.
"CIFI will offer the globally certified education to the learners in the financial and securities market of Bangladesh," said A Sabur Chowdhury, managing director of CIFI.
Meanwhile, Arwa Tapia, regional head (South Asia and Mauritius) of CISI recently visited Bangladesh and held introductory meetings with Securities and Exchange Commission (SEC), Dhaka Stock Exchange (DSE) and Bangladesh Bank.
"My meetings with the SEC, DSE and BB were very encouraging and I emphatically convinced them on creating a skilled human resource (HR) to keep pace with the growing securities and financial market here," Ms Tapia told the FE in an interview.
In testimony to Ms Tapia's assessment, Bangladesh securities market witnessed a phenomenal growth in recent years with as many as 11 private asset management companies (AMCs) in operation.
She put a thrust on creating skilled HR saying this is the right time to start the affiliated functions of CISI in Bangladesh.
Commenting on the recent rowdy demonstrations against the price fall of shares in the Bangladesh market, she said all these happened due to unawareness and lack of education among the investors.
"Had there been professional education among the investors and stock market operators, the situation would have been different," she asserted.
"We want to contribute to the real growth of Bangladesh securities market since CISI has not expanded in India, Pakistan and Sri Lanka and keen to establish presence here only," she added.
She said the growing securities market of Bangladesh will need lot of professionals with the diversification of its portfolio.
The CISI works for all those involved in advising, dealing, settlement, risk management, IT and compliance of securities and investments.
The company's clients come from a wide variety of firms and organizations that deliver services in wealth management, investment banking, asset management, custody and settlement, foreign exchange, commodity trading, Islamic finance, consultancy, central banking and national regulation.
The CISI was established in 1992 when members of the London Stock Exchange decided a not-for-profit organization is needed to promote high levels of professional excellence, integrity and ethics.
A local private university-Southeast University- will work with CIFI to provide local training services to the professional students with the courses provided by CISI.
Regarding generating revenue, the CIFI said for every CISI exam booked in Bangladesh, CIFI will receive 15 per cent for the first 150 students and subsequently 20 per cent for anything over 150 students.
Financial Express
CISI is the largest professional body for the securities and investment industry providing 40,000 examinations per year in 49 countries with learners from 89 countries.
"CIFI will offer the globally certified education to the learners in the financial and securities market of Bangladesh," said A Sabur Chowdhury, managing director of CIFI.
Meanwhile, Arwa Tapia, regional head (South Asia and Mauritius) of CISI recently visited Bangladesh and held introductory meetings with Securities and Exchange Commission (SEC), Dhaka Stock Exchange (DSE) and Bangladesh Bank.
"My meetings with the SEC, DSE and BB were very encouraging and I emphatically convinced them on creating a skilled human resource (HR) to keep pace with the growing securities and financial market here," Ms Tapia told the FE in an interview.
In testimony to Ms Tapia's assessment, Bangladesh securities market witnessed a phenomenal growth in recent years with as many as 11 private asset management companies (AMCs) in operation.
She put a thrust on creating skilled HR saying this is the right time to start the affiliated functions of CISI in Bangladesh.
Commenting on the recent rowdy demonstrations against the price fall of shares in the Bangladesh market, she said all these happened due to unawareness and lack of education among the investors.
"Had there been professional education among the investors and stock market operators, the situation would have been different," she asserted.
"We want to contribute to the real growth of Bangladesh securities market since CISI has not expanded in India, Pakistan and Sri Lanka and keen to establish presence here only," she added.
She said the growing securities market of Bangladesh will need lot of professionals with the diversification of its portfolio.
The CISI works for all those involved in advising, dealing, settlement, risk management, IT and compliance of securities and investments.
The company's clients come from a wide variety of firms and organizations that deliver services in wealth management, investment banking, asset management, custody and settlement, foreign exchange, commodity trading, Islamic finance, consultancy, central banking and national regulation.
The CISI was established in 1992 when members of the London Stock Exchange decided a not-for-profit organization is needed to promote high levels of professional excellence, integrity and ethics.
A local private university-Southeast University- will work with CIFI to provide local training services to the professional students with the courses provided by CISI.
Regarding generating revenue, the CIFI said for every CISI exam booked in Bangladesh, CIFI will receive 15 per cent for the first 150 students and subsequently 20 per cent for anything over 150 students.
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