Kuala Lumpur, 26 March 2012

SIDC and UiTM to Jointly Develop Talent for the Capital Market

The Securities Industry Development Corporation (SIDC), the training and development arm of the Securities Commission Malaysia (SC), today entered into a memorandum of understanding (MoU) with Universiti Teknologi MARA (UiTM) to introduce a capital market syllabus for its university students. This collaboration is aimed at supporting the talent development requirements in the Malaysian capital market and building a graduate talent pool that is “work-ready” for the industry.

The MoU was signed by Tan Sri Zarinah Anwar, Chairman of the SC who is also the chairman of the Board of SIDC, and the Vice Chancellor of UiTM, Dato’ Prof. Ir Dr Sahol Hamid Abu Bakar in a ceremony at UiTM.

Pursuant to the MoU, UiTM students will gain invaluable exposure to the capital market knowledge and skills required by the industry via fit-for-purpose educational programmes aimed at improving the marketability of these graduates once they enter the industry. The SIDC’s support will also extend to the lecturers and students through career opportunity awareness initiatives, industry talks, training programmes, industrial visits, licensing examinations and others.

Tan Sri Zarinah Anwar said that the expansion of the capital market into high value-add areas and the introduction of innovative processes, as outlined in the Capital Market Masterplan 2, will require competencies in specialised areas and an even deeper knowledge base among its workforce. “In this environment, there is a need for close collaboration between industry, academia and the public sector to address these new talent requirements. This MoU between the SIDC and UiTM is a timely move to prepare graduates to face these challenges,” she said.

The MoU between the SIDC and UiTM marks a ground-breaking collaboration that underlines a continuing commitment by these two organisations to sustain and expand Malaysia’s vibrant capital market environment through human capital development.

MoU signatories YBhg Tan Sri Zarinah Anwar (left, foreground) and YBhg Dato’ Prof. Ir Dr Sahol Hamid bin Abu Bakar (right, foreground) at the signing event.

Looking on in the background are (from left to right): Dato Dr Nik Ramlah Mahmood, Managing Director, Securities Commission Malaysia; Azman Hisham Che Doi, Chief Operating Officer, SIDC;  Tan Sri Dato’ Dr Wan Mohd Zahid Mohd Noordin, Chairman , UiTM; and, Prof Dr Nor’Azam Mastuki, Deputy Dean, Industrial Linkages and Community, UiTM.