Al Ramz passes top brokers' licencing test
Dubai, May 31, 2011
Al Ramz Securities, a top brokerage house in the UAE, said it has successfully passed the qualifications licensing regime delivered by Emirates Securities and Commodities Authority (Esca) and UK’s Chartered Institute for Securities and Investment (CISI).
The Esca and CISI Qualifications Licensing Regime comprises a series of training and exams designed by CISI, the largest and widely-respected international professional body for securities and investment practitioners.
The CISI 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.
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 Esca and CISI.
Commending the members of the team, Al Ramz Securities MD Mohammad Murtada Al Dandashi said the achievers embody corporate commitment to world-class talent and continuous professional growth.
He was speaking at a ceremony held at Khalidiya Palace Rayhaan, Rotana Abu Dhabi to celebrate the team's success. 'We are proud of our team who have passed one of the most challenging international qualifying exams with flying colors,' he added.
'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,' Al Dandashi stated.
'We would also like to thank the Securities and Commodities Authority for its assistance and support in enhancing the abilities of our employees,' he added.
Al Ramz’s Jamal Saeed Abdel Jabbar became the first financial analyst to be licensed by the Esca, the governmental entity responsible for ensuring integrity and transparency in the UAE’s financial markets, exceeding all the requirements of his field.
Esca's 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.
It regulates the Dubai Financial Market (DFM), the Abu Dhabi Securities Market (ADX) and the Dubai Gold and Commodities Exchange. The authority is a member of the International Organization of Securities Commissions.
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.
Al Ramz is a member of ADX, DFM and Nasdaq Dubai and consistently ranks among the top brokerages in the UAE bourses.
The Abu Dhabi-based firm offers retail and institutional services via branches in Abu Dhabi, Dubai, Al Ain and throughout the Mena region. It is also the only locally-based brokerage licensed by Esca to provide advisory services.-TradeArabia News Service