In a move to provide securities professionals more training opportunities to acquire technical and soft skills, the Institute of Banking and Finance Singapore (IBF) and Singapore Exchange (SGX) today announced the launch of the SGX Academy Certified Securities Professionals Programme (CSP), developed in accordance to the IBF Standards for Sales and Trading/Execution (Retail).
The CSP Programme is an added training opportunity targeted at securities professionals looking to better equip themselves with skills in the areas of investment analytics, client servicing and management, with the aim of providing more value-add to their clients.
Earlier this year, SGX and IBF announced plans to roll out training initiatives targeted at the stockbroking industry, following industry feedback from trading representatives on their desire to expand their client base and better serve clients.
Individuals who complete the CSP Programme will be accorded the IBF Level 1 certification and receive the IBF Qualified (IBFQ) certification status. Certification under the IBF Standards is an industry endorsed mark of quality that recognises an individual who exhibits professional excellence, integrity and commitment to the industry.
SGX Academy has been granted the Accredited Financial Training Provider status by IBF, and the programme is eligible for IBF Standards Training Scheme (IBF-STS) funding which defrays up to 90% of training costs, as well as SkillsFuture Credits.
Chew Sutat, Head of Equities & Fixed Income, SGX, said, “The investment distribution landscape is fast evolving, with investors becoming savvier and more discerning, coupled with the emergence of fintech solutions. Nevertheless, trading representatives that provide value-add to clients remain relevant, especially in times of market uncertainty.”
“With the strong funding support from IBF Standards Training Scheme defraying up to 90% of the full cost of the programme, we encourage all trading representatives and potential industry entrants to take this opportunity to further develop themselves,” he added.
Rachie Hui, Deputy CEO, IBF, said “I congratulate SGX on the launch of their CSP Programme (IBF Level 1). The IBF Standards for Sales and Trading/Execution (Retail) are developed in close consultation with SGX and the industry. It represents the industry aspirations for their trading representatives’ skills development in view of evolving industry developments. The IBF Accreditation signifies the quality of the programme to equip participants with job relevant skills and knowledge expected by the industry.”