Under the auspices of the President of Kuwait University Professor Abdullah Al Fuhaid, the President of the College of Business Administration Dr. Adal Al Husainan inaugurated the Burgan Bank and KAMCO Dealing Room at Kuwait University, Tuesday, February 13th.
The facility, a collaboration that represents the trinity of knowledge between Kuwait University's Financial Trading Center (FTC), Burgan Bank, and the Kipco Asset Management Company (KAMCO), will offer advanced courses in online financial transactions and trading. The Dealing Room will open its doors during the second semester of instruction at Kuwait University, kicking off its innovative instruction model with a course in International Finance.
The state-of-the-art Dealing Room is equipped with the latest software used for financial trading, including eight Reuters data-feeding terminals, in a dynamic and vibrant ambience that will be conducive to interactive and specialized learning. The instructors for the courses hail from the finance industry, and are therefore better positioned to impart to students not only the theoretical aspects of financial trading but also invaluable market insights. The benefactors for the Dealing Room - Burgan Bank and KAMCO - will also render the expertise of their technical and financial analysts to serve as instructors for specific modules.
'At Burgan Bank, we are committed to Kuwait and responsible corporate citizenship,' said Jonathan Lyon, CEO of Burgan Bank, highlighting the Bank's commitment to invest in the human capital of the country.
'To that end, this new facility will allow the deepening of financial expertise in Kuwait, broadening existing financial markets and paving the way for future growth in the country. Together with KAMCO and Kuwait University, we are proud to create a 'trinity of knowledge' whereby we offer our collective expertise to students at the College of Business Administration. We believe this initiative will challenge young minds to make a difference in a field relevant to the Bank's business.'
Speaking on KAMCO's association with the project, Mr. Saudoun A. Ali, General Manager, KAMCO said, 'The Burgan Bank and KAMCO dealing room aspires to educate the students with the fundamentals of trading in financial markets, which now come to represent a big part in the economic activity of a country and its welfare. The stock market in Kuwait and the financial markets of the region witnessed an unprecedented activity during the past few years, which makes it necessary for an investor to understand the fundamentals of the markets and sound investment strategies and we believe that this project will be a great corner stone for the students' educational process giving them an important tool to use in that field.'
Highlighting the strengths of the advanced courses that the facility will offer, Dr Abdullah E Alsalman, President of the Financial Trading Center at Kuwait University added, 'We are delighted to be associated with Burgan Bank & KAMCO to establish an electronic dealing room for financial markets and its subsidiaries. This is the first project of its kind in the Middle East, and will further business education by merging field practice and academics. The hands-on courses will equip graduates from the College of Business Administration with financial investment insights thereby allowing them to practice the International AACSB (Association to Advance the College Schools of Business) standards upheld by the College.'
In the new facility students can access real-time information available to actual market traders all over the world, from Mumbai to Melbourne. Access to this amazing amount of information is critical to appreciating the real-life challenges of those working in the financial industry, and will prepare students for the tasks of analyzing large amounts of information and quick decision-making critical to the success of financial analysts.
-Ends-
About Burgan Bank
Burgan Bank is the youngest commercial bank in the State of Kuwait. It has acquired a leading role in the retail, corporate and investment banking sector through its innovative product offers and technologically advanced delivery channels. Burgan Bank has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned the bank as a trendsetter in the domestic market. Driven by challenge, Burgan Bank is actively working towards raising banking standards in the State of Kuwait.
About KAMCO
KAMCO, a subsidiary of United Gulf Bank (UGB), KPCO's investment banking subsidiary, has assets of US$5.84 billion under management or control, a portfolio of some 557 companies and individuals, and more than 120 employees throughout its operations.
Fahad Al Reshaid
Representative Corporate Communications
Corporate Communications Department
BURGAN BANK
Tel: +965 2988383
Fax: +965 2988419
© Press Release 2007
