CIS sets to expand membership as it targets young school leavers

The Chartered Institute of Stockbrokers has revealed plans to increase its membership base as it targets young school leavers.

The Chairman of the organising committee of the Chartered Institute’s of Stockbrokers annual conference, Abiola Adekoya, while speaking during a press conference in Lagos, listed one of the key issues to be addressed at the conference as how to attract and retain talents in the stockbroking profession.

She stated that the CIS would be partnering schools to begin sensitising students to the profession.

Adekoya said, “The theme of the conference, ‘Boosting capital market competitiveness in a challenging macro environment’, was chosen to articulate policy measures that can reposition the capital market to play its pivotal role as a platform for mobilisation of funds from surplus economic units to deficit one.

“Issues such as innovation and growth, financial technology, attracting talents to securities industry and nexus between agriculture and the capital market shall form the fulcrum of plenary sessions at the conference.

“With the integrated and digitally-driven global economy of today, the barriers to competition are gradually coming down, making it necessary for stockbroking firms with exposure to the domestic market to innovate to retain and attract customers.”

She added that given the challenging domestic macroeconomic environment and liberal immigration policies in advanced economies with aging populations, retaining talent in the securities industry had been difficult, with negative implications for performance.

The Managing Director, FBN Quest Securities, Mrs Fiona Ahimie, said the CIS had come up with initiatives to train young and aspiring stockbrokers.

She stated that the CIS had created a mock platform where young people could trade before they would proceed to the Nigerian Stock Exchange trading floor.

 

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