The Chartered Institute for Securities & Investment launches the CISI Future Foundation
The Chartered Institute for Securities & Investment (CISI) has announced the launch of a new global initiative, allocating £2.5 million of its reserves to the CISI Future Foundation.
The not-for-profit professional body, with 45,000 members in over 100 countries and whose membership spans wealth management, financial planning and capital markets, is allocating £2.5 million of its reserves to the Future Foundation.
The CISI Future Foundation’s objective is to improve financial literacy skills, and the experience and outcomes of financial learning, through the provision of grants.
The CISI Future Foundation will offer funding to partner with existing organisations, both in the UK and internationally, to work with young people from disadvantaged backgrounds, on new programmes or initiatives which align with the Foundation’s objective of increasing financial literacy.
The Foundation has its own governing structure separate from the CISI, with Nick Swales, DL, Chartered FCSI, Regional – Director North East, Rathbone Investment Management Ltd acting as the Chair of the Foundation.
The Board of Trustees will have between three and nine positions. Up to three of these positions are appointed by the Board of CISI and are filled by:
Alan Ramsay FCSI(Hon), CISI Deputy Chairman, Chief Executive, IPSX
Fionnuala Carvill, Chartered FCSI, FCIB, FCIS, Non-Executive Director, Investec Bank (Channel Islands)
Debbie Clarke, Chartered MCSI, Managing Director, New Clarke Ventures
The remaining positions are now being recruited for from the CISI membership base, and there will be no fewer than two independent Trustees. Anyone interested in contributing or volunteering for this new charity should see the nomination criteria on www.cisifuturefoundation.org.
Simon Culhane, Chartered FCSI, CISI CEO said: “We are delighted to be launching our Future Foundation. Building young people’s learning and engagement with financial literacy and money management is an investment in their own personal financial futures. The CISI has offices and representatives in Qingdao, Barcelona, Dubai, Dublin, Lagos, Mumbai, Nairobi and Manila and 70 CISI staff in Colombo, Sri Lanka. The Foundation is therefore keen to consider initiatives and programmes from globally based organisations which match its values and objectives.”
About the Chartered Institute for Securities & Investment (CISI)
CISI’s purpose is to champion lifelong learning and integrity, raising individual standards of knowledge, skills and behaviour globally to enhance public trust and confidence in financial services.
The CISI’s mission is to help members attain, maintain and develop their knowledge and skills and to promote the highest standards of ethics and integrity in the securities and investment profession.
Based in the City of London, with origins in the London Stock Exchange, the CISI is a global organisation with representative offices in financial centers such as Barcelona, Colombo, Dubai, Dublin, Edinburgh, London, Manila, Mumbai, Nairobi and Qingdao. We work in close cooperation with regulators, firms and other professional bodies worldwide and over 40,000 examinations were sat in 81 countries in the last twelve months. With 45,000 members in over 100 countries.