The Investment Management Association of Singapore (IMAS) is implementing bespoke training for employees of investment management firms, with Institute of Banking and Finance (IBF) accredited e-learning modules that meet the Continuing Professional Development requirements of the Monetary Authority of Singapore (MAS). .
IMAS has launched a portal that centralizes training programs for professionals in the investment management industry to broaden and deepen their skills and expertise, the association announced on Monday.
Course on the I learn portal are recognized under the IBF Financial Training Scheme and are eligible for the Enhanced Course Grant (95% with IBF credit) and New Training Allowance Grant (S$15 per hour of training) which are part of of the MAS support program for financial institutions to manage Covid-19 challenges.
Currently, MAS requires appointed representatives of capital market services licensees who serve retail investors to complete 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 carry out.
“The portfolio management landscape is changing and we have observed a market gap in providing tailored training to employees of portfolio management companies,” Carmen Peegeneral manager of IMAS, said about the launch of the portal.
IMAS hopes to add more online courses to “address 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. he said in the statement.
Founded in 1997, IMAS today represents over 100 investment managers, with assets under management in Singapore of approximately 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 the education of its members and contributing to investor education.