KENYAN CAPITAL MARKETS RECEIVE NEW BOOST WITH ICIFA AND CISI JOINT MEMBERSHIP DEAL

PARN Global News Article - 30th August 2019 

The Chartered Institute for Securities & Investment (CISI) and the Institute of Certified Investment and Financial Analysts (ICIFA) have confirmed a partnership which will support the enhancement of standards in professionalism and integrity in Kenya’s capital markets.

The deal is composed of the following mutual benefits:

Qualifications and membership recognition
Under the partnership ICIFA has been accredited as a training provider with the mandate to offer training for CISI’s qualifications in Kenya. Additionally, the partnership means that those holding CISI qualifications can apply for CIFA exemptions.

CISI will offer ICIFA Full Members the opportunity to join CISI as Full Members and to use the designatory letters “MCSI”. Then, having completed one year’s Continuing Professional Development (CPD) these ICIFA-CISI Full Members can become CISI Chartered MCSI.

In addition CISI will be offering ICIFA Associate Members (those with less than three years’ experience) the opportunity to join CISI as Associate Members and use the designatory letters “ACSI”. By completing three years of CISI CPD, ICIFA-CISI Associate Members can progress towards Chartered MCSI status. This means that ICIFA–CISI Associate and Full Members can progress to CISI Chartered status without taking further CISI exams.

Joint membership and CPD programme
The partnership will offer practitioners joint membership with the two Institutes. Both Institutes will provide CPD opportunities, including an events programme.

Promotion of Integrity
As part of a commitment to promote integrity and ethics CISI and ICIFA will join forces to create a joint programme aimed at raising the standards of professionalism.

Kevin Moore, Chartered MCSI, CISI Global Business Development Director said: “We are delighted to confirm our partnership with the ICIFA. This reciprocity deal will offer membership, professional qualifications and CPD benefits to both parties, sharing skills and competencies to meet and exceed the challenges of working in globally competitive capital markets.

“I am thrilled to be able to endorse this arrangement which will further enhance Nairobi as an international financial services centre.”

FA Dr. Jonah Aiyabei of ICIFA said: “The partnership between ICIFA and the CISI sets a significant milestone for closer collaboration among the two professional institutes. We are indeed proud to be associated with the CISI and we look forward to a cohesive working relationship aimed at promoting integrity and professional development in the financial services industry not just in Kenya but globally.”

CISI’s first African office was opened in Kenya in 2018 and over the last 18 months there has been a significant uptake of CISI exams in Africa.

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For further information on the Chartered Institute for Securities & Investment contact Lora Benson +44 20 7645 0662/ +44 7801 521034 or lora.benson@cisi.org

For further information on the Institute of Certified Investment and Financial Analysts contact Tony Juma +254 726 498 698/ +254 748 174 914 or info@icifa.co.ke

About the Institute of Certified Investment and Financial Analysts

The ICIFA is a professional body established under the Investment and Financial Analysts Act (No. 13 of 2015) to register and licence investment and financial analysts in Kenya aimed at promoting and monitoring compliance with standards of professional competence and ethical practice and enhancing professionalism in the investment and financial sector. ICIFA is dedicated to providing region-wide network and promoting the role of the profession in the fields of investment and financial analysis, pension funds, asset management, corporate finance, investment and finance training, fund management, financial advisory, wealth management, real estate investment, insurance investment advisory, capital markets operations, and investment banking among others. 

About Chartered Institute for Securities & Investment      

The CISI’s mission is to help members attain, maintain and develop their knowledge and skills and to promote the highest standards of ethics and integrity in the securities and investment profession.

Based in the City of London, with origins in the London Stock Exchange, the CISI is a global organisation with representative offices in financial centres such as Barcelona, Colombo, Dubai, Dublin, Edinburgh, London, Manila, Mumbai and Nairobi. We work in close cooperation with regulators, firms and other professional bodies worldwide and over 40,000 examinations were sat in 81 countries in the last twelve months.  With 45,000 members in over 100 countries the CISI is the professional body which sets examinations and offers qualifications for those working in or looking to establish a career in the financial planning, wealth management and capital markets profession.

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