The signing of a Memorandum of Understanding ceremony took place in the Boardroom of the Securities and Exchange Commission (SEC) on Monday 10th June, 2019. The MOU was signed on behalf of GISI by Rev. Daniel Ogbarmey Tetteh (Board Chairman) and the CEO of CISI, Mr. Simon Culhane
The Chartered Institute for Securities & Investment (CISI) and the Ghana Investment and Securities Institute Limited(GISI) are delighted to announce the renewal of their partnership.
The renewal means that those looking to receive the approval of the Securities and Exchange Commission (SEC) Ghana for a licenced role, to progress their career in financial services or to increase their level of skill and competence within their current firms, will be able to study for the CISI globally recognised wealth management and capital markets qualifications.
The original agreement between CISI and GISI laid the foundations for this framework which had the GISI formally recognising and adopting CISI Level 3 examinations and membership to qualify Ghanaian individuals under the GISI framework.
Ghanaian candidates who elect to study for the CISI certification will automatically be eligible to student membership of the CISI, and those who achieve full stipulated qualifications will be eligible for Associate level membership. They will be able to sit the CISI exams using Computer Based Testing (CBT) in Accra and study using the accompanying pdf workbooks.
CISI membership incorporates access to the full range of CISI member benefits. These include over 500 videos on the CISI TV channel, over 190 e-learning modules or “Professional Refreshers” to update sector knowledge, 1,300 articles in the exclusive member magazine The Review and opportunities to attend virtual CPD events.
Rev. Daniel Ogbarmey Tetteh, Chairman of GISI said: “We have covered some good grounds during the past year including successfully running Train The Trainer sessions for the faculty of GISI and we are well primed to roll into the stage of an enhanced training programme in securities to the Ghana securities industry. We are excited about the opportunity to renew this partnership with CISI and look forward to the transformation in the securities training regime here in Ghana.”
Simon Culhane, Chartered FCSI, CISI CEO said: “It has been a busy 12 months and we were delighted to receive, with GISI’s support, formal recognition of our qualifications by the SEC earlier this year. To move the project now on to the next level is exciting, as GISI progresses the next stage of launching our training programme to candidates.”
Kevin Moore, Chartered FCSI, CISI Global Business Development Director said: “We are committed to helping the GISI in its excellent programme to enhance the capability and capacity of securities professionals in West Africa and to promote the practice of ethical and professional standards within the securities market.” The CISI’s first African office was opened in Kenya in 2018, and CISI also counts on a Country Representative in Nigeria, with support from National Advisory Councils in Kenya, Nigeria, and Mauritius. The global professional membership body has accredited training providers on a pan-African basis. Over 2,000 CISI exams were sat last year in Africa in 21 countries, and CISI counts on nearly 500 members in 15 countries. It recently also renewed its agreement with the African Securities Exchanges Association (ASEA) to help develop a common certification programme across African capital markets.
The CISI’s mission is to help members attain, maintain and develop their knowledge and skills and to promote the highest standards of ethics and integrity in the securities and investment profession. Based in the City of London, with origins in the London Stock Exchange, the CISI is a global organisation with representative offices in financial centres such as Barcelona, Colombo, Dubai, Dublin, Edinburgh, London, Manila, Mumbai and Nairobi. We work in close cooperation with regulators, firms and other professional bodies worldwide and over 40,000 examinations were sat in 81 countries in the last twelve months. With 45,000 members in over 100 countries the CISI is the professional body which sets examinations and offers qualifications for those working in or looking to establish a career in the financial planning, wealth management and capital markets profession.
The Ghana Investment and Securities Institute Limited was incorporated in August 2015 and has as its members the Securities and Exchange Commission, Ghana Stock Exchange, Central Securities Depository and Ghana Securities Industry Association. GISI will build on the securities courses managed by the GSE and continuously enhance the capability and capacity of the securities industry market players through globally competitive professional education and training while equipping beginners with comprehensive knowledge of the structure, operations and regulations of the securities market.