BUILD­ING ON CHAR­TERED BANKERS POOL

With long-term strat­egy, Malaysia can boast largest num­ber of pro­fes­sion­als in Asia

New Straits Times - - Business -

RUPA DAMODARAN

KUALA LUMPUR ru­pa­banerji@me­di­aprima.com.my

MALAYSIA can boast hav­ing the largest pool of char­tered bankers in Asia when it ideally has 1,000 grad­u­ates from the cur­rent 45 char­tered bankers.

It would be a long-term project and Malaysian banks were sup­port­ive of devel­op­ing the gold stan­dard for bank­ing pro­fes­sion­als in the coun­try, said the Asian In­sti­tute of Char­tered Bankers (AICB) chair­man Tan Sri Az­man Hashim.

The num­bers will steadily rise with the sup­port of the fi­nan­cial in­dus­try play­ers, he said, when met after the 20th AICB Grad­u­a­tion & Awards cer­e­mony on Satur­day.

Char­tered Banker is jointly awarded by the AICB and the Char­tered Banker In­sti­tute in the United King­dom, the only body in the world able to con­fer this award.

The award in­volves the pro­fes­sional ac­quir­ing an ex­ec­u­tive banker and sub­se­quently pro­fes­sional banker award be­fore hit­ting the bank­ing pin­na­cle.

Az­man was con­fi­dent the flow would step up to 100 char­tered bankers per year.

“The in­dus­try must re­ward and recog­nise the qual­i­fi­ca­tions and give in­cen­tives to em­ploy­ees who im­prove them­selves.”

The sub­prime cri­sis in the United States con­trib­uted to a mis­trust of bankers and that im­age needs to be cor­rected, said the vet­eran banker who has 40 years of ex­pe­ri­ence in the in­dus­try.

Az­man said Bank Ne­gara Malaysia had high ex­pec­ta­tions on the num­bers of char­tered bankers.

Al­ready there were ex­pec­ta­tions for re­ports to be signed off by char­tered bankers, he added.

On re­wards for those who ac­quire the pro­fes­sional award, AICB chief ex­ec­u­tive Prasad Pad­man­a­ban said it de­pended on in­di­vid­ual banks.

Bank Ne­gara Malaysia gover­nor Datuk Seri Muham­mad Ibrahim, when ad­dress­ing the 1,062 grad­u­ates who were cer­ti­fied on Satur­day, said they had el­e­vated the pro­fes­sion to greater heights.

There are over 18,600 bank­ing pro­fes­sion­als in the coun­try.

Com­pared with the med­i­cal pro­fes­sion, which holds true to the Hip­po­cratic Oath, and stands high in terms of hon­esty and eth­i­cal stan­dards, he said the num­ber for bankers was a sad re­flec­tion of the state of af­fairs in the bank­ing in­dus­try.

Muham­mad, who is also a char­tered banker, re­minded fi­nan­cial in­sti­tu­tions to give due recog­ni­tion to the pro­fes­sional qual­i­fi­ca­tions, which would ad­vance the bankers’ ca­reers.

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