CISI welcomes Credence International as its latest corporate supporter

by Lora Benson | Sep 20, 2016

Credence International is the most recent financial services institution to become a corporate supporter of the Chartered Institute for Securities & Investment (CISI). The firm aims to uphold the CISI’s standards of ethics and integrity, particularly with regards to its employees by ensuring their skills are constantly updated.

The partnership between the CISI and Credence International further highlights the increase in demand for qualified and trusted professionals in the industry. An increase of 25% of corporate supporters has been recorded by the CISI compared to the same period last year.

Credence International is a Wealth Management and Advisory Firm established to focus on corporate financial advice, also working with private clients providing enhanced solutions in a simplified form. Credence, a standard Independent Financial Advisor (IFA) stands out in the industry due to its high levels of qualified staff and demand for continuous professional development (CPD).

By aligning with the CISI as a corporate supporter, Credence International agrees to adopt the CISI’s Code of Conduct which, in its eight Principles, outlines duties owed to stakeholders throughout the industry (such as clients, regulators and colleagues). It also gains access to the CISI’s suite of globally recognised qualifications and the CPD scheme, designed to ensure that employees constantly maintain standards of compliance and competence by fully committing their employees on both examinations and memberships. It joins a number of leading UAE banks and firms that support the aims and objectives of the CISI, including its Code of Conduct.

This move portrays the firm’s commitment to setting a high benchmark of ethics and integrity in the sector, and to provide its growing team the tools to capitalise on the CPD and qualifications available through the CISI. This in turn will provide private clients access to advice on wealth management from qualified and skilled professionals.

Matthew Cowan Chartered MCSI, Regional Director Middle East and South East Asia at the Chartered Institute for Securities & Investment, added:

“Credence joining CISI as a corporate supporter is a sign of the industry’s increased awareness of the importance of integrity and ethics in financial services, whether it is asset management, banking or other sectors. The importance of Credence demonstrating honesty, openness, transparency and fairness in business is unmeasurable at a time when the UAE is gaining momentum as a global financial capital.”

Commenting on the development, Chris Ferguson, Chief Executive Officer, Credence International, said:

“Credence International are delighted to be welcomed as a corporate supporter to the CISI. As a not for profit organisation we are hugely impressed by the educational and supportive structure that the CISI provides to our profession. The support here in the UAE that the CISI provide in producing ESCA recognised qualifications and CPD for advisory firms based in the region is testament to their commitment to the sector and the continued professional development of firms and individuals. We as a firm look forward to a long term working relationship with the CISI and the added benefits of being a firm that is recognised by them as sharing common and aligned goals and objectives.”