Stockbrokers Institute Renews the MoU With CISI UK

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

The agreement between the CISI and CIS was signed last week in the United Kingdom. It was done to strengthen the working relationship between the two major professional bodies.

The agreement is also said to foster a more robust collaboration in certification, Continuing Professional Development (CPD), Membership drive, integrity, and sharing the benefits of multiple learning opportunities and networking.

Before the signing of the MoU, the CIS president, Oluwale Adeosun, told the management of CISI about the historical antecedents that led to the Institute’s chartered status and the ongoing efforts to expand the scope of the operations in line with its mandate by the Act of Parliament.

He said that CIS and CISI have much in common, as he expressed the company relationship as symbolic.

• 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 our collaboration with our strategic partner, the Chartered Institute for Securities & Investment (CISI) UK. The partnership has continued to benefit both professional bodies. It aims to advance capacity building, grow membership, and create seamless learning opportunities for the members of the two major professional institutions, announced Adeosun after the signing of the MoU.

The chief executive officer of 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 people to build a career in investment-related areas.

According to him, 

• We are delighted to be building our already productive partnership further. 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 networking networks.

• The appetite for learning and upgrading qualifications among 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.