(1888PressRelease)
June 05, 2009 - National Institute of Securities Markets (NISM), a public trust established by the Securities and Exchange Board of India (SEBI); CFA Institute, the global association for investment professionals; and the Indian Association of Investment Professionals (IAIP), a member society of CFA Institute based in Mumbai, today announced signing of a Memorandum of Understanding (MoU) to jointly organize education, training and research for the investment industry in India.
The MoU was signed by Prof. G. Sethu of NISM; Dr. Ashvin P. Vibhakar, CFA, of CFA Institute; and Mr. Sunil B. Singhania, CFA, of IAIP. As per the MoU, all the three organizations have identified and agreed upon seven areas of potential co-operation and to further execute the statements of work for all the seven identified areas. These seven areas of cooperation include Joint Conference, Ethics Training, Examination Development, Investor Education, Financial Literacy Training, Continuing Education and Original Research.
Speaking at the occasion, Dr. Ashvin P. Vibhakar, CFA, Managing Director, Asia Pacific Operations, CFA Institute, said, “We are delighted to join our India society and partner with NISM to provide the education, training and research in the areas of financial analysis and investment management. The Indian investment industry is rapidly growing and gaining influence in the world, and we look forward to working closely under this collaboration to raise the knowledge level of Indian investment professionals.”
Mr. Thomas B. Welch, CFA, Vice Chair, CFA Institute Board of Governors, said, “The mission of CFA Institute has always been to lead the investment industry globally in ethics, education and professional excellence, and this joint effort will make a significant contribution to the industry.”
The main aim of this MoU is to impart knowledge to various stakeholders in the financial and investment community through a variety of activities, including a joint conference, ethics and financial literacy training, investor education, and academic research.
Prof. G. Sethu of NISM said, “This collaboration would help NISM to launch a variety of educational initiatives in Indian Securities Markets by leveraging the proven experience of CFA Institute and IAIP”.
The MoU will be effective for three years starting 1st June 2009 to 31st May 2012 and during this time, the three organizations will mutually work together to develop and deliver all seven areas of co-operation mentioned in the MoU.
About NISM
National Institute of Securities Markets (NISM) is a public trust, established by the Securities and Exchange Board of India (SEBI), the regulator for securities markets in India. It is located in Mumbai, India. NISM seeks to add to market quality through educational initiatives. It is an autonomous body governed by its Board of Governors. International Advisory Council provides strategic guidance to NISM.
There are six different schools in NISM - School for Investor Education and Financial Literacy (SIEFL), School for Certification of Intermediaries (SCI), School for Securities Information and Research (SSIR), School for Regulatory Studies and Supervision (SRSS), School for Corporate Governance (SCG) and School for Securities Education (SSE).
More information may be found at: www.nism.ac.in
About CFA Institute
CFA Institute is the global association for investment professionals. It administers the CFA and CIPM curriculum and exam programs worldwide; publishes research; conducts professional development programs; and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has nearly 95,000 members, who include the world’s more than 84,000 CFA charterholders, as well as 136 affiliated professional societies in 57 countries and territories.
More information may be found at: www.cfainstitute.org.
About IAIP
Established in April 2005, India Association of Investment Professionals (IAIP) is located in Mumbai, and is an association of local investment professionals. As one of the 136 CFA Institute member societies, IAIP connects members to a global network of investment professionals. Consisting of portfolio managers, security analysts, investment advisors, and other financial professionals, IAIP promotes ethical and professional standards within the investment industry, facilitates the exchange of information and opinions among people within the local investment community and beyond.
More information can be found at: www.membersocieties.org/india.
For further information, please contact:
Ogilvy Public Relations Worldwide, Mumbai
Diwakar Shukla / Farooque Shaikh
Tel.: 91 22 4434 4144 / 91 22 4434 4669
Cell: 91 98 2188 1123 / 91 98 1975 3272
Email: diwakar.shukla ( @ ) ogilvy dot com / farooque dot shaikh ( @ ) ogilvy dot com
Indian Association of Investment Professionals (IAIP)
S.V. Balachander, CFA
Email: Bala ( @ ) cfainstitute dot org
Tel.: 91 44 2620 3183
National Institute of Securities Markets (NISM)
Ms. Devvya Sharma
Project Manager
Email: nism.cfa ( @ ) gmail dot com
Tel: 91 22 2788 3045
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