Al Ramz Securities, one of the UAE’s leading brokerage houses, commended members of its team who successfully passed the Qualifications Licensing Regime delivered by the Emirates Securities and Commodities Authority (SCA) and the UK’s Chartered Institute for Securities and Investment (CISI) during a recognition ceremony that took place yesterday (Monday, May 30, 2011) at the Khalidiya Palace Rayhaan, Rotana Abu Dhabi.
The SCA and CISI Qualifications Licensing Regime comprises a series of training and exams designed CISI, the largest and most widely respected international professional body for securities and investment practitioners. The qualification program focuses on Securities, Investment Management, Financial Rules, Regulation and Operational Risks in financial services. An integral part of the Regime is ‘The Financial Rules and Regulations of the UAE,’ an exam co-developed by the SCA and CISI.
Al Ramz’s Jamal Saeed Abdel Jabbar became the first financial analyst to be licensed by the SCA, exceeding all the requirements of his field. Talal Batayneh was the first to pass the Trading Manager requirements, while the institutional and retail brokerage teams were the first to complete all required levels for traders.
“We are proud of our team who were able to pass one of the most challenging international qualifying exams with flying colors. Their achievements reflect Al Ramz’s commitment to acqiring the best talents in the business and its emphasis on the continuous professional development of its human capital. We would also like to thank the Securities and Commodities Authority for its assistance and support in enhancing the abilities of our employees,” stated Mohammad Murtada Al Dandashi, Managing Director, Al Ramz Securities.
The Emirates Securities and Commodities Authority (ESCA) is the governmental entity responsible for ensuring integrity and transparency in the UAE’s financial markets. Its primary objective is to provide local investors in the UAE with opportunities to invest in securities and commodities while serving the interest of the national economy. ESCA regulates the Dubai Financial Market, the Abu Dhabi Securities Market and the Dubai Gold and Commodities Exchange. The Authority is a member of the International Organization of Securities Commissions.
The Chartered Institute for Securities and Investment is highly respected by professionals in the UK and in major financial centres throughout the world. The Institute traces its roots to the London Stock Exchange and now has more than 40,000 members in 89 countries. In 2010 CISI oversaw almost 40,000 examinations in 49 countries covering a wide range of vocational qualifications.
Al Ramz is a member of the the Abu Dhabi Securities Exchange (ADX), Dubai Financial Markets (DFM) and Nasdaq Dubai and consistently ranks among the top brokerages on ADX and DFM. The Abu Dhabi -based company offers retail and institutional services via branches in Abu Dhabi, Dubai, Al Ain and throughout the MENA region. Al Ramz is the first and the only locally-based brokerage company licensed by ESCA to provide advisory services for customers.