Thursday, April 12, 2012

SGX, CIMB Launch Initiative to Train Trading Representatives

The Singapore Exchange (SGX) and CIMB Securities have launched a new initiative to grow the number of Trading Representatives (TRs) in Singapore and enhance their skills in providing value-added services for investors.
Through this initiative, CIMB Securities plans to expand its base of TRs from the current 400 to 600 over the next two years.
Together with the Financial Training Institute at Singapore Management University (FTI@SMU), SGX and CIMB Securities will offer new TRs training programme to equip them with the skills to trade professionally and better serve investors’ needs.
FTI@SMU will train TRs in providing financial advisory services focusing on assessing and meeting clients’ needs.
SGX Academy, meanwhile, will also be launching an on-line learning module in May to help TRs prepare for their licensing examination.
“With this industry’s strong growth potential and the hiring ambitions of CIMB, this new training programme will strengthen Singapore’s position as a key financial trading hub by producing securities industry professionals who are highly competent to engage in trading and advisory activities,” said Chew Sutat, SGX Executive Vice President, who oversees the Academy.
“This partnership will, for the first time, lead to a structured approach on how to train dealers and groom our talent pool, in terms of assessing client needs, evaluating risk tolerances and understanding their investing styles. This has never been offered before in the industry. Our clients will benefit from this collaboration, with a specialised team of dealers, who will be better informed and better equipped to offer value-added advice,” said Carol Fong, CEO, CIMB Securities.

No comments:

Post a Comment