Stockbrokers’ Institute Renews MoU With CISI, UK

The Chartered Institute of Stockbrokers (CIS) said, it has updated its agreement with its strategic partner, the Chartered Institute for Securities & Investment in the United Kingdom through signing of Memorandum of Understanding (MoU).

At the heart of the agreement signed by CISI and CIS last week, in the United Kingdom, is to further strengthen the existing working relationship between the two major professional bodies.
It is also expected to reinforce collaboration in the areas of certification, Continuing Professional Development (CPD), Membership drive, integrity and sharing of the benefits of multiple learning opportunities and networking.

Prior to the signing of the MoU, the president, CIS, Oluwole Adeosun, briefed the management of CISI on the historical antecedents that led to the Institute’s chartered status and the on-going efforts to expand the scope of the operations in line with its mandate by the Act of Parliament.
He noted that, both CIS and CISI had a lot in common, saying, the relationship is symbiotic. “We are thrilled today as it marks another significant milestone in the extensive history of the Chartered Institute of Stockbrokers (CIS).

“We have officially renewed collaboration with our strategic partner, the Chartered Institute for Securities & Investment (CISI) UK. The partnership has continued to benefit both professional bodies. It aims at advancing capacity building, growing membership and creating seamless learning opportunities for the members of the two major professional institutions, announced Adeosun, after the signing of the MoU,” he said.

The chief executive officer, CISI, Tracy Vegro, also expressed delight at the sustained collaboration of the two professional bodies, saying that Nigeria was one of the biggest markets to attract young ones to build a career in investment-related areas.

According to him, “we are delighted to be building our already productive partnership further still. Our role as professional bodies is to ensure that our members uphold professional standard. This is one way the market can operate efficiently. We are glad to update our collaboration agreement aiming to share the benefits of our multiple global learning and networks.

“The appetite for learning and upgrading of qualifications from the young people in Nigeria is second to none.”
Among the distinguished attendees from CISI (UK) were: Michael Cole-Fontayn, chairman of CISI (UK), Kevin Moore, director of Global Business Development, Helena Wilson, assistant director of Global Business Development and Enesha Mahbubani, a member of CISI’s international business team.