The Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia (SC), today entered into a Memorandum of Understanding (MoU) with Universiti Teknologi MARA (UiTM) to introduce a capital market syllabus for its university students. This collaboration is aimed at supporting the talent development requirements in the Malaysian capital market and building a graduate talent pool that is "work-ready" for the industry.
The MoU was signed by Tan Sri Zarinah Anwar, Chairman of the SC who is also the chairman of the Board of SIDC, and the Vice Chancellor of UiTM, Dato' Prof. Ir Dr Sahol Hamid bin Abu Bakar in a ceremony at UiTM.
Pursuant to the MOU, UiTM students will gain invaluable exposure to the capital market knowledge and skills required by the industry via fit-for-purpose educational programmes aimed at improving the marketability of these graduates once they enter the industry. The SIDC's support will also extend to the lecturers and students through career opportunity awareness initiatives, industry talks, training programmes, industrial visits, licensing examinations and others.
Tan Sri Zarinah Anwar said that the expansion of the capital market into high value-add areas and the introduction of innovative processes, as outlined in the Capital Market Masterplan 2, will require competencies in specialised areas and an even deeper knowledge base among its workforce. "In this environment, there is a need for close collaboration between industry, academia and the public sector to address these new talent requirements. This MOU between the SIDC and UiTM is a timely move to prepare graduates to face these challenges," she said.
The MoU between the SIDC and UiTM marks a ground-breaking collaboration that underlines a continuing commitment by these two organisations to sustain and expand Malaysia's vibrant capital market environment through human capital development.
MoU signatories YBhg Tan Sri Zarinah Anwar (left, foreground) and YBhg Dato' Prof. Ir Dr Sahol Hamid bin Abu Bakar (right, foreground) at the signing event.
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About SIDC
The SECURITIES INDUSTRY DEVELOPMENT CORPORATION (SIDC) is the training and development arm of the Securities Commission Malaysia (SC) and the leading capital markets education and training provider in ASEAN. It was established in 1994 and incorporated in 2007.
The SIDC has been developing and delivering capital market training and investor education for over 15 years, 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.
The 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.
The SIDC also plays a significant role in nurturing the talent pipeline for the Malaysian capital market. Through its unique talent development programme, the SIDC has successfully produced quality new resources, which are well accepted by the industry, for both the conventional and Islamic capital market.
More information on the SIDC is available at www.sidc.com.my.
Members of the Media may contact
Evelyn Lam Oi Ling at 03-62048189
Lau Meisan at 03-62048305,
fax no.: 03-62015078
e-mail: cau@seccom.com.my.
© Press Release 2012
