Bahrain Financial Exchange's Training Institute gains international standard
Manama, Bahrain: The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, today announced that its Training Institute has received accreditation from the Institute of Leadership & Management (ILM). This will allow the BFX to deliver a range of accredited leadership and business courses aimed at developing financial services management skills in Bahrain. The ILM is the largest accreditation body based in the UK which has a network of over 2,000 centres worldwide, which are recognised as delivering high quality business and management qualifications.
Commenting on the announcement Mr. Arshad Khan, Managing Director and Chief Executive Officer of the BFX and BCDC, said: "We have always recognised that providing the highest standard of training through the BFX Training Institute (BFX TI) will be a very important part of our offer. Accreditation by the ILM is a great achievement for us and means that BFX Training Institute has an in-house training facility, focused on financial services management operating to international standards. This will be major benefit to the businesses in Bahrain as well as the wider GCC region."
The BFX Training Institute aims to provide world-class training and educational courses covering both conventional and Islamic finance, which are on offer to individuals and corporates alike.
All ILM courses are designed to help managers increase staff efficiency and motivation and will ensure that businesses can run at optimum productivity levels.
"The role of training cannot be underestimated in this market" said Mr. Khan. "It will provide firms with a competitive advantage; delivering greater efficiencies and also help attract the best talent and people. Firms that want to succeed and deliver really understand the importance of investing in their employees and they also realise that this provides them with a commercial edge over their competitors. We are delighted that BFX Training Institute is going to be a leader in this important field."
Mr. John Castledine, ILM's Director of Learning Solutions said: "We look forward to working with the first multi-asset exchange in the Middle East to provide ILM programmes across a full range of leadership and management subjects. This will range from core qualifications in team leading to specialist programmes that will involve coaching, mentoring, social enterprise and various other programmes that can be tailored to the organizations requirements. The ILM qualifications start at entry level and rise incrementally to an equivalent postgraduate level. This allows employers to provide their staff with a structured progression route that will range from aspiring managers to senior executives".
The BFX TI provides a 360° consultative approach to training across Islamic and conventional finance, leadership and general management. A series of bespoke packages, tailored to the needs of BFX clients will be developed and delivered by the accredited trainers. The training will take place in the specially designed training facility at BFX's Headquarters located on the 12th floor of the East Tower at the Bahrain Financial Harbour.
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About BFX:
Bahrain Financial Exchange (BFX) is a pioneering cross border and multi product exchange in the Middle East and North Africa, and will be internationally accessible, to trade cash instruments, derivatives, structured products and shariah-compliant financial instruments. The BFX is regulated by the Central Bank of Bahrain (CBB) and has an in-principal approval.
The BFX is a wholly owned initiative of Financial Technologies Group (FT Group), which currently owns one of the world's largest networks of 10 exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia.
The BFX has set up its Clearing and Depository Corporation (BCDC) to clear and settle the contracts it trades.
The BFX Training Institute is an international standard in - house training facility, providing world class conventional and Islamic financial training and education courses.
The BFX is a member of the Futures and Options Association (FOA), the International Islamic Financial Market (IIFM), the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI), and a member of the Associations of Futures Markets (AFM).
About The Institute of Leadership & Management (ILM): is Europe's leading management organisation. ILM partners with more than 80,000 individuals and organisations each year to help them fulfil their potential and achieve success through its wide range of flexible leadership and management development solutions.
From industry-leading qualifications and membership services to specialist learning resources, all ILM products and services are built on in-depth research and benchmarked against best practice standards. Supporting a fast-growing community of over 30,000 practising leaders and managers, ILM's membership services are designed to provide ongoing continuing professional development throughout every stage of a manager's career.
Backed by an in depth programme of thought leadership research, ILM operates internationally, improving leadership and management skills, knowledge and outputs across all sectors, from corporate finance to the armed forces.
Institute of Leadership & Management (ILM).
www.i-l-m.com
For more media enquiries, please contact:Narjes Yousif
Press & PR Executive
Bahrain Financial Exchange
Phone: +973 1651 1511
Email: narjes.yousif@bfx.bh
Afrah Faraj
Hill & Knowlton
Phone: +973 17533532
Email: afrah.faraj@hillandknowlton.com
© Press Release 2010
