A special ceremony was held at the
Vassel Johnson Hall at the University College of the Cayman Islands to mark the
Chartered Institute for Securities and Investment’s confirmation of the college
as its primary training provider in the Cayman Islands on Monday, 11 October.
The accreditation solidifies UCCI as the first accredited training provider in
the Cayman Islands.
The school will offer training for
the CISI’s core global qualifications, which include the International
Introduction to Investment, Risk in Financial Services, International
Certificate in Wealth Management and the CISI Certificates programme.
Training will be rolled out in the
Cayman Islands in January 2011.
“These CISI qualifications will
support the ongoing development and professionalism of the Cayman Islands
wealth management industry,” said UCCI President Roy Bodden.
UCCI offers a number of certificate
programmes, associate and degree courses, as well as graduate programmes and professional
CISI CEO Simon Culhane said, “We
are pleased to launch our qualifications programme with UCCI. This will allow
Caymanians the ability to gain skills that will enable them to pursue a career
in the securities industry and contribute to the Island’s economy.” He added
that his decision to get involved with UCCI and to come to Cayman was made on
the strength of just one phone conversation with the university’s president,
whom he said made it crystal clear that it was the right choice to make.
Based in the city of London, CISI
is a global organization with representative offices in financial centres such
as Dublin, Singapore, Duai and Mumbai. It works closely in cooperation with
regulators, firms and other professional bodies worldwide. The Institute was
granted a Royal Charter in 2009.
“The University College of the
Cayman Islands is pleased to partner with the prestigious Chartered Institute
of Securities and Investment to provide training for CISI’s investment advisory
qualifications. Having such training available at UCCI will allow practitioners
to obtain first-hand education through qualified personnel. It carries the
added advantage of face to face contact with instructors.
“Once again, UCCI is responding to
the educational and training needs of the Cayman Islands, as a leading
international financial centre. It is our hope that the entities that operate
in the jurisdiction avail themselves of this opportunity to improve the
professionalism of their staff,” said the University’s president.
Testing will also be offered at the
university, meaning individuals will not have to go overseas to sit the exam
for the courses offered.
RBS Coutts Managing Director David
Foster, said during his career, he himself undertook the very same courses,
which have now been made available at UCCI and added that he views the course
as an advantage for anyone he considers for employment.