In a new wave of human capital development, the Chartered Institute of Stockbrokers (CIS) through its training arm, CIS Academy, has executed a Memorandum of Understanding (MOU) with the Lagos Business School (LBS) for sustainable capacity building and development.

The first series, which was held at LBS recently focused on a range of issues such as board, leadership, regulation and compliance in the securities and investment in Nigeria and attracted seasoned capital market regulators and operators, captains of industries, board members and senior management staff of pension industry.

Providing an insight into the new relationship, CIS President, Oluwole Adeosun, explained that both organisations were not only established about the same time but shared some common mandates to train future leaders. CIS, being a certification institute also is involved in top-notch training programmes.

“We were both established at about the same time: LBS in 1991 and CIS charters in 1992. We both share a common mandate to train and produce professional leaders for the economy and acquitted ourselves remarkably well in this regard, setting the pace and standards in our various jurisdictions.

“The partnership is expected to provide a good platform for industry professionals and executives to catch up with the rapidly changing business landscape and innovations in the contemporary business environment,” said Adeosun.

Explaining further, he said the programme was of immense significance to the economic development, as one giant step in upgrading professional competence.

According to him, this will lead to improved service delivery and product development in the capital market, which is the engine of sustainable development.

He pointed out that the maiden training is a high-impact executive capacity development programme, designed to provide participants with a comprehensive understanding of key and emerging regulatory, as well as compliance issues in the capital market.

According to him, going by the provisions of the MoU, the enduring partnership will hopefully lead to the stage where LBS will offer degree programmes in securities and investments at various academic levels.

“In carrying out these functions, CIS provides continuous professional development for its members and capacity building for professionals in the capital market and financial industry generally.

“The institute also engages actively in economic and financial market policy advocacy with key organs of government and regulatory bodies across the economy,” he said.