Stockbrokers renews MoU with CISI UK

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By Chinwendu Obienyi

To further strengthen its operations, the Chartered Institute of Stockbrokers (CIS) recently updated its agreement with its strategic partner, the Chartered Institute for Securities & Investment in the United Kingdom by signing of Memorandum of Understanding (MoU).

At the heart of the agreement, signed by CISI and CIS, in the United Kingdom, is to further 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, stating that 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 and 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”, Adeosun said.

Also speaking, the Chief Executive Officer, CISI, Tracy Vegro, also expressed delight at the sustained collaboration of the two professional bodies Vegro explained that Nigeria was one of the biggest markets to attract young ones to build a career in investment-related areas.

“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 standards. 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”, he said.

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