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The financial consultancy has upgraded employees to Chartered MSCI level of the Chartered Institute for Securities & Investment (CISI)
Dubai, UAE - Mondial (Dubai) LLC, an independent financial planning and wealth management consultancy, has upgraded six employees from Associate Members (ACSI) to Chartered Members (Chartered MCSI) of the CISI. This upgrade is in response to the increasing demand for professionalism within the financial services industry, and demonstrates the firm’s commitment to ongoing education for its staff, keeping in line with changing trends and client requirements.
Having been a member of the CISI since 2013, the consultancy is a strong supporter of the CISI and regularly uses the CISI’s continuous professional development (CPD) platform to train and educate its employees.
The demand for wealth management in the Middle East is growing at a rapid pace. According to a recent study by the Boston Consulting Group, total private wealth in the Middle East and Africa region grew by 8.5 per cent to reach $8.1trillion in 2016 and is predicted to reach $12 trillion over the next five years. With the wealth management sector experiencing accelerated growth, firms are increasingly looking to upskill their employees in the ever-changing financial landscape.
From Jan 2016 to May 2017, there has been a 42.78% increase in CISI memberships in the UAE, proving that more and more financial professionals understand the importance of CPD and are taking steps to improve professional standards in the financial industry.
Sean Kelleher, CEO of Mondial Dubai, said: “We have taken the view that a professional membership is important. The CISI stands out as the main educational authority for our regulator, the Securities and Commodities Authority. So, for us, it’s a no-brainer to: insist on professional membership; to insist on passing specific exams; to insist on the team demonstrating that they care about professionalism. Its work in progress, of course, but for new employees they will know our expectations from the start. For all existing staff they know the direction of travel.”
Kelleher added: “Additionally, the CPD programmes are highly insightful and provide useful information that our staff can use in their everyday roles to better serve their clients. This means, we are committed to providing the best training and education for our staff, and will strive to ensure that our entire team is upgraded to Chartered Members in the next two years.”
Matt Cowan, Regional Director of CISI Middle East, India & Sri Lanka said: “In such a fast-paced industry, it is important that financial services professionals remain knowledgeable and stay ahead of the curve. We would like to congratulate the six Mondial employees that have recently been upgraded to Chartered Members, and the firm itself for realising the value of CPD and investing in its people. CISI qualifications provide a benchmark for international best practise, providing successful candidates with the right tools to thrive in this dynamic environment. ”
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© Press Release 2017
