Expert knowledge on capital market


  • Education
  • Sunday, 04 May 2003

The pilot scheme, which is aimed at increasing the pool of graduates with skills and knowledge on the capital market, is one of the measures announced by Acting Prime Minister and Minister of Finance Datuk Seri Abdullah Ahmad Badawi as part of the Government’s efforts to build a more efficient, resilient and competitive capital market.  

The scheme is a step in developing skilled human capital for the nation’s capital market, in line with the emphasis placed on training and education in the Capital Market Masterplan (CMP).  

SC chairman Datuk Ali Abdul Kadir congratulated and welcomed the graduates who secured a place in the pilot programme, at the opening ceremony held at the SC building at Bukit Kiara, Kuala Lumpur. 

He urged the 125 graduates to learn as much as possible and equip themselves with the necessary knowledge and experience before entering the work force. 

He said that as an individual’s connection to the world of work is through his job, his economic success would be dependent on his learning skills and literacy levels.  

“Learning new skills will enable you to meet your personal and career goals by giving you the tools to pursue further learning and a better understanding of the changing world, and therefore be better prepared for it,'' he said. 

He added, however, that training and the learning of new skills is time-consuming, challenging and expensive.  

Said Ali: “While the temptation to rely on past knowledge and previous experiences are deep-rooted in most of us, new technological advances, new products and processes demand new understanding and the ability to think ‘out of the box’.  

“To go forward we need to be more curious. We need to be more analytical-minded. We need to be challenged and motivated and we need to be problem-solvers and solution-finders. And finally, we need to be life-long learners to be competitive and stay ahead.” 

The SC-driven project is supported by the Association of Merchant Banks, the Association of Stockbroking Companies, the Kuala Lumpur Stock Exchange, the Malaysian Institute of Certified Public Accountants, the Malaysian Institute of Accountants, the Federation of Malaysian Unit Trust Managers, the Federation of Public Listed Companies Bhd, Amanah Raya Berhad, the Malaysian Institute of Corporate Governance, the Malaysian Accounting Standards Board and the Companies Commission of Malaysia. 

The scheme comprises a month of full-time training with lectures by both the regulators and industry practitioners. Completion of the formal training is followed by 11 months of on-the-job industrial training with public-listed companies, merchant banks, unit trust companies, accounting/audit firms and other relevant industry organisations.  

Ali also thanked the various industry bodies, speakers and individual firms which have committed to taking in the trainees. 

The four-week intensive programme opens with an overview of the financial system and its links to the broader economy, followed by key concepts of the financial system with a special focus on the Malaysian capital market. This is followed by a fairly comprehensive introduction to the functions and operations of the securities and derivative markets, and progresses into specific knowledge areas and technical skills required for careers in the market.  

Participants who successfully complete the programme will have a better understanding of how business and finance work in the Malaysian capital market, be able to analyse the value of capital market products, assess their risks and rewards, and appreciate the level of technical competency required by various sectors of the market. 

The SC will conduct another intake in the second half of the year. Those who applied for this intake but were not successful because of limited seats can reapply. 

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