PMI seals pact with CISI UK for global best practice

The Portfolio Management Institute Nigeria (PMI) has signed collaboration agreement with the Chartered Institute for Securities and Investment (CISI) U.K. to identify its members with global best practice in Investment and Portfolio Management.

The signing of the agreement between the two organisations, took place in Lagos with intensive lecture on “Integrity Matters in Financial Services” delivered by the representative of the U.K. Institute. Praneet Shivaprasad.

In his opening remarks, President and Chairman of Council of PMI, Usman Suleman, said the collaboration between PMI and CISI U.K., will open the gateway for a mutually rewarding and beneficial relationship between the two institutes.

He introduced the CISI to the PMI members, saying, it is the leading professional body for securities, investment, wealth and financial planning professionals in the UK.

According to him, CISI, was founded in 1992 by practitioners on the London Stock Exchange and formally chartered in 2009.

“It has a membership of over 45,000 spread in 104 countries and last year more than 40,000 CISI exams were taken in 80 countries. It is therefore a thing of joy for us at PMI that we are today joining this global professional community and availing our members the opportunity of being identified with global best practice in Investment and Portfolio Management”, Suleman said.

He noted that professional collaboration of this nature, if well managed and sustained promises to engender immense mutually beneficial reward for the parties, expressing his belief that considering the wealth of experience of all the parties involved, the PMI and CISI collaboration will surely not only be of great value addition to collective members but also lift the institute up to higher levels of collective goal achievements.

”Professional Institutes, Colleges and universities collaborate on initiatives that individual institutions might not be able to accomplish alone. Thus, according to Marrett, 2006, “Professional Institutional Collaboration entails initiatives or arrangements of various kinds between two or more organisations working to accomplish specific goals in professional education that have institutional commitment”.