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Source:
www.sii.org.uk |
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Securities & Investment
Institute confirms Singapore as no 1 regional office and announces
global partnership with ACCA |
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¡¡ |
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The UK Securities & Investment Institute (SII),
the pre-eminent membership and qualifications body for the wholesale
investment and securities industry has today (19th September 2006)
confirmed Singapore as number 1 choice for its regional representation
and announced the opening of its Singapore office. |
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The 20,000 strong membership organisation
provides qualifications for front, middle and back office financial
services staff. |
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These qualifications are supported by a
robust Continuing Professional Development (CPD) scheme for members to
maintain their competency through conferences and professional
development seminars. |
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The SII anticipates offering its front and
back office qualifications in Singapore, otherwise known as the
Certificate and IAQ suite. It has appointed Mona Poomy as its VP based
in Singapore. |
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SII
examinations are approved by the Monetary Authority of Singapore (MAS)
and there are a large number of international banks with offices in
Singapore who are keen that their workforce are trained to the same
standard of competence as those in the UK. |
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In addition to qualifying candidates to work
in the Singapore market, the SII examinations will qualify them to work
in a number of countries internationally, including the UK. |
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The SII has a strong focus on integrity and
requires its members to sign up to a Code of Conduct. The SII recently
opened an office in Mumbai. |
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The SII has also announced a partnership
agreement with the Association of Chartered Certified Accountants (ACCA),
the leading global accounting body. |
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The agreement indicates the two
organisations will collaborate and share resources around the world.
ACCA has an office in Singapore which is part of a network of over 70
offices and active centres around the world. |
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Simon Culhane, Chief Executive of SII said,
¡°We are very excited at the prospect of doing business here and our new
office is an indicator of our commitment. We have spent some time
researching Singapore and concluded that the work ethic, skills and
knowledge of its workforce make Singapore a very attractive prospect for
future international training and competence opportunities.¡± |
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¡°As well as certifying a high level of
knowledge and competence in different fields, our qualifications
will be a badge of skill and expertise to help individuals who
want to work in another country,¡± said Mr Culhane. |
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Commenting on the SII-ACCA
partnership, ACCA Chief Executive Allen Blewitt, said: ¡°ACCA sees
our partnership with SII as one which will have a significant and
beneficial impact. We share much in common, including a commitment
to promote the highest ethical standards amongst finance
professionals and to work in the public interest. We particularly
look forward to working in partnership with SII Singapore where
hundreds of our members work in the financial services sector.
They will benefit from the opportunities which will arise from
ACCA and SII sharing resources and expertise in a number of areas
to enable them to enhance their knowledge and career opportunities
in Singapore and the wider region.¡± |
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The Institute of Banking & Finance (IBF)
Singapore welcomes SII¡¯s latest move to hub its regional office in
Singapore. |
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IBF
Chief Executive, Martin Teo, said: ¡°Singapore has a strong
reputation as a leading international financial centre and it is
strategically located to connect to high growth regions in Asia
and beyond. Besides being able to attract world-class financial
institutions to stage a presence in Singapore, it is equally
important to be able to draw world-class financial professional
bodies, such as the SII to Singapore. This will enhance our
training infrastructure and make it easier for our financial
practitioners to upgrade their expertise and professionalism not
only for Singapore but for the region. We look forward to working
with the SII on deepening the capabilities of our talent pool,
especially on the Financial Industry Competency Standards.¡± |
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Source:
www.sii.sg Press Release 19 Sep
2006 |
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More..... (Short Remarks by MAS Deputy Managing
Director Shane Tregillis at Launch of Securities and Investment
Institute Regional Centre) |
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FrontPage Edition: Thu 21 September 2006
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