The Securities Industry Development Corporation (SIDC) achieved the milestone of producing 400 entry-level professionals for the high-growth Islamic capital market (ICM) sector with the graduation of 38 Islamic Capital Market Graduate Training Scheme (ICMGTS) participants from the programme's tenth intake in Kuala Lumpur recently.
ICMGTS is a bi-annual Securities Commission Malaysia (SC) training programme conducted by SIDC to develop young talent for careers in the ICM. The eight-week programme aims to provide participants with a technical understanding of the ICM and work-relevant soft skills. It is endorsed by an industry task force consisting of the SC, Bursa Malaysia, the Federation of Investment Managers Malaysia (FIMM), Association of Stockbroking Companies Malaysia (ASCM), Malaysian Investment Banking Association (MIBA) and Malaysian Association of Asset Managers (MAAM).
SIDC Chief Executive Officer Azman Hisham Che Doi, who presented awards at the graduation ceremony to recognise the best performers, said, "ICMGTS is one of SIDC's many successful talent development programmes to support the growth of the Malaysian capital market industry. To date, approximately 85% of the ICMGTS alumni have been accepted as part of the industry's workforce, indicating the relevance and importance of the programme. With the graduation of the tenth intake, SIDC has reached the milestone of producing 400 work-ready talents to serve the ICM."
Azman adds, "SIDC programmes aim to enhance the competencies of market professionals, who play an important role in promoting competitiveness in the Malaysian capital market as well as creating investor confidence. Recognising this, SIDC works closely with all stakeholders including the regulator, exchanges, intermediaries, industry players and investors to provide value proposition in the programmes we offer."
Applications are now open for the eleventh ICMGTS intake commencing August 2014. All Malaysians aged 30 years and below with a recognised second class upper degree or equivalent in related disciplines are eligible to apply. Successful candidates will receive a monthly allowance of RM2,000 during the training period. The programme also offers participants the opportunity to be interviewed by potential employers as well as sit for the SC's licensing examinations to qualify as licensed intermediaries.
Detailed application information is available at www.sidc.com.my.
Members of the Media may contact Evelyn Lam at 03-62048189 or Lau Meisan at 03-62048305, or fax no.: 03-62015078 or e-mail: cau@seccom.com.my.
About SIDC
The SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC) is the leading capital markets education and training provider in ASEAN. It was established as the training arm of the Securities Commission Malaysia (SC) in 1994 and incorporated in 2007.
SIDC has been developing and delivering capital market training and investor education for two decades, covering basic to advance capital market skills as well as policies and development issues. It serves regulators, intermediaries, investors and directors in both local and international markets.
SIDC works closely with the SC in setting the competency standards for the capital market industry. It develops, maintains and administers the SC Licensing Examinations and the mandatory Continuing Professional Education (CPE) programme for Capital Markets Services Representative's Licence (CMSRL) holders for the Malaysian capital market.
SIDC also plays a significant role in developing the talent pipeline for the Malaysian capital market. Through its unique talent development programmes, SIDC has successfully produced quality professionals for both the conventional and Islamic capital markets.
More information on SIDC is available at www.sidc.com.my
© Press Release 2014
