Tuesday 10 February 2009

New course to groom stockbrokers

A new training programme has been launched with the aim of turning out quality stockbrokers to cater to a growing crowd of sophisticated investors here.

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Guanyu said...

New course to groom stockbrokers

By Yang Huiwen
7 February 2009

A new training programme has been launched with the aim of turning out quality stockbrokers to cater to a growing crowd of sophisticated investors here.

The programme has been designed for those planning to join the stockbroking industry, including fresh graduates as well as working executives.

One particular focus of the curriculum will be on so-called ‘soft skills’, such as managing client relationships.

The programme aims to equip participants with the knowledge and competencies to market financial securities.

The three-month course was developed by the Financial Training Institute (FTI) at Singapore Management University (SMU) in partnership with the Singapore Exchange and the Securities Association of Singapore (SAS).

The first intake will commence classes on Feb 17 and finish on May 30. Those interested in taking the course can contact the SMU for details.

Graduates of the programme will be awarded a certificate in securities marketing from SMU and SAS.

Ms. Chang Chiew Yee, FTI’s associate director, said it was ‘still too early to assess the take-up rate’ as the programme was launched only yesterday.

It is accepting about 20 to 25 applicants for its inaugural course. Further courses will be conducted depending on demand, said a university spokesman.

The broad-based curriculum will cover areas that include an overview of the industry, the regulatory and legislative framework, and how to execute trades.

Students will be taught by a team of industry professionals in securities investment and stockbroking.

‘With this well-rounded certificate course, new trading representatives will enter the dealing rooms equipped not only with a licence to deal, but also with the skills to develop a client base, market securities and serve their customers professionally,’ said Mr. Lim Eng Hai, SAS’ chief executive.

Associate Professor Annie Koh, dean of executive and professional education at SMU, said: ‘The current crisis is an opportunity for brokerage firms to get new and young talent with a degree and the willingness to enter an industry which is going to be reinvented and transformed.’

Course fees, excluding taxes, are $7,000. Those eligible can apply for funding support under the Financial Sector Development Fund set up by the Monetary Authority of Singapore.