27 March 2011
As part of Citi's mission to answer to clients' needs, Citi Kuwait held its globally acclaimed Bourse Game seminar, an intensive introduction to Money Markets and Foreign Exchange which utilizes practical learning techniques and promotes a stimulating learning environment.
Held for the fifth year in a row by Citi Kuwait, the 5-day seminar covered main money market and foreign exchange topics including structure of rates, FX swaps and interbank dealing, while trainees spent hours on a simulated trading floor learning the finer points of foreign exchange trading. This year's seminar was conducted by Mr. Fatah Adour, Citi Kuwait Treasurer, and Theodore Leventis, better known globally as the "Bourse Master" who's been running the Bourse Games for both Citi staff and customers for the last 27 years in over 55 countries around the world.
This year's 31 participants included top-tier treasury, finance and Investment officers from corporate and government entities in Kuwait. They bring the total number of trainees who took part in the seminar over the last 5 years to 180 participants.
"The Bourse Game has become an annual recurrence on our training calendar as it has demonstrated its value to clients and staff alike," said Ziyad Akrouk, Citi Country Officer in Kuwait. "Trainees get the chance to learn from the hands-on experience and develop a more insightful understanding of investment opportunity as well as risk, and how markets work on a global scale."
The trading floor was abuzz with activity and excitement as teams representing fictitious banks placing foreign exchange rates bids and taking orders at brisk pace, "traders" and groups of people in serious discussion over hedging and investment strategies. Seminar ended with a competition for best 'trading bank' and attendees received seminar certification.
"The seminar provided a tremendous insight on the mechanics of FX dealing. While the trading floor scenario demonstrated to our clients the sophistication in markets and the transparency in the approach and execution that Citi practices as it acts on behalf of clients", added Mr. Adour. "The response we have received over the last 5 years has made this seminar a must in our annual schedule of focused training efforts which are in line with Citi's long-term strategy and commitment to developing local professional talent".
Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate banking services across ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait as well as Pakistan.
Its consumer banking services cover UAE, Egypt, Bahrain and Pakistan, while it maintains close relationships with high networth clients in the region through the Citi Private Bank.
Since establishing its fully licensed branch in Kuwait in 2006, Citi has evolved into an active corporate citizen, with a particular interest in supporting financial education and developing Kuwait's talent pool. Over 300 young Kuwaitis have so far received certified training on financial literacy, life skills and personal economics through Citi's sponsored training programs.
As part of Citi's mission to answer to clients' needs, Citi Kuwait held its globally acclaimed Bourse Game seminar, an intensive introduction to Money Markets and Foreign Exchange which utilizes practical learning techniques and promotes a stimulating learning environment.
Held for the fifth year in a row by Citi Kuwait, the 5-day seminar covered main money market and foreign exchange topics including structure of rates, FX swaps and interbank dealing, while trainees spent hours on a simulated trading floor learning the finer points of foreign exchange trading. This year's seminar was conducted by Mr. Fatah Adour, Citi Kuwait Treasurer, and Theodore Leventis, better known globally as the "Bourse Master" who's been running the Bourse Games for both Citi staff and customers for the last 27 years in over 55 countries around the world.
This year's 31 participants included top-tier treasury, finance and Investment officers from corporate and government entities in Kuwait. They bring the total number of trainees who took part in the seminar over the last 5 years to 180 participants.
"The Bourse Game has become an annual recurrence on our training calendar as it has demonstrated its value to clients and staff alike," said Ziyad Akrouk, Citi Country Officer in Kuwait. "Trainees get the chance to learn from the hands-on experience and develop a more insightful understanding of investment opportunity as well as risk, and how markets work on a global scale."
The trading floor was abuzz with activity and excitement as teams representing fictitious banks placing foreign exchange rates bids and taking orders at brisk pace, "traders" and groups of people in serious discussion over hedging and investment strategies. Seminar ended with a competition for best 'trading bank' and attendees received seminar certification.
"The seminar provided a tremendous insight on the mechanics of FX dealing. While the trading floor scenario demonstrated to our clients the sophistication in markets and the transparency in the approach and execution that Citi practices as it acts on behalf of clients", added Mr. Adour. "The response we have received over the last 5 years has made this seminar a must in our annual schedule of focused training efforts which are in line with Citi's long-term strategy and commitment to developing local professional talent".
Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate banking services across ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait as well as Pakistan.
Its consumer banking services cover UAE, Egypt, Bahrain and Pakistan, while it maintains close relationships with high networth clients in the region through the Citi Private Bank.
Since establishing its fully licensed branch in Kuwait in 2006, Citi has evolved into an active corporate citizen, with a particular interest in supporting financial education and developing Kuwait's talent pool. Over 300 young Kuwaitis have so far received certified training on financial literacy, life skills and personal economics through Citi's sponsored training programs.
© Arab Times 2011
