National Institute of Securities Markets (NISM) entered into an MOU with Securities Industry Development Corporation (SIDC) to collaborate on various development and capacity-building activities in the Securities Markets and financial sector of the emerging economies, predominantly in the ASEAN region. SIDC is the training and development arm of the Securities Commission Malaysia (SC).

Azman Hisham Che Doi (second from left), Chief Executive Officer of the Securities Industry Development Corporation (SIDC) and Sandip Ghose (third from left), Director, National Institute of Securities Markets (NISM), India formalising the signing of the MoU. Looking on are witnesses to the signing Dato Dr. Nik Ramlah Mahmood, Deputy Chief Executive of the Securities Commission Malaysia and member of the SIDC Board of Directors (far left), and Prashant Saran, Whole Time Member of the Securities and Exchange Board of India and Member of the Board of Governors of NISM (far right).

The MoU was signed by NISM Director Mr. Sandip Ghose and SIDC CEO Mr. Azman Hisham Che Doi on Wednesday the 23rd of October, at the World Capital Markets Symposium, hosted by SC in Kuala Lumpur.

Signatories, witnesses and members of the SIDC Board of Directors at the SIDC-NISM MoU signing ceremony.

From left: Chay Wai Leong (Group Managing Director, K & N Kenanga Holdings Berhad and member of the SIDC Board of Directors); Angelina Kwan (Chief Executive Officer and Founder of Stratford Finance Limited, Hong Kong and member of the SIDC Board of Directors); Dato Dr. Nik Ramlah Mahmood (Deputy Chief Executive, Securities Commission Malaysia and member of the SIDC Board of Directors); Azman Hisham Che Doi (Chief Executive Officer, SIDC); Sandip Ghose (Director, NISM, India); Prashant Saran (Whole Time Member of the Securities and Exchange Board of India and Member of the Board of Governors of NISM); Dato’ Tajuddin Atan (Chief Executive Officer, Bursa Malaysia Berhad and member of the SIDC Board of Directors).

Mr. Ghose said the MoU will advance NISM`s aspiration to become a leading player in the knowledge dissemination and skills enhancement initiatives within the securities markets of emerging economies. From NISM`s point of view, the focus of this MoU is in the area of two programmes – Training of Trainers, the Corporate Governance Awareness initiative and Directors` Toolkit, the Workshops for Board of Directors of companies. For SIDC, the MoU is expected to play an instrumental role in their expansion towards international presence and enhance their standing as the leading capital markets training and development providers beyond the Asian region.