The Investment Management Association of Singapore (IMAS) is rolling out customized training for employees of investment management companies, with e-learning modules accredited by the Institute of Banking and Finance (IBF) that fulfills Monetary Authority of Singapore (MAS) continuing professional development requirements.
IMAS has launched a portal that centralizes training programs for investment management industry professionals to broaden and deepen their skills and expertise, the association announced on Monday.
Courses on the iLearn portal are recognized under the IBF-Financial Training Scheme, and are eligible for the enhanced course subsidy (95 percent with IBF credit) and new Training Allowance Grant (S$15 per training hour) that are part of MAS’ support package for financial institutions to manage Covid-19 challenges.
Currently, MAS requires appointed representatives of capital market service licensees who serve retail investors to undergo six hours of continuing professional development per year to keep abreast of developments in the industry and update skills and knowledge relevant to the activities they conduct.
Evolving Landscape
«The investment management landscape is evolving, and we observed a market gap in the provision of customized training for employees of investment management companies,» Carmen Wee, IMAS chief executive officer, said about the launch of the portal.
IMAS hopes to add more online courses to «cater to the needs of the investment management community to further support the industry’s efforts to position itself for stronger growth when the economy recovers,» it said in the statement.
Founded in 1997, IMAS now represents over 100 investment managers, with assets under management in Singapore of about S$1.3 trillion. It serves as a forum for members in discussions as well as a collective voice where representation is needed on behalf of the investment management industry, facilitating training for its members, and contributing towards investor education.
