CISI Sri Lanka partners with CA Sri Lanka

• Tie up to boost members’ competitive edge and professional excellence in jobs market

The Lord Mayor of London and Chairman CISI Alderman Alan Yarrow and CA President Sri Lanka Arjuna Herath exchange the Memorandum of Understanding to promote its qualification amongst its membership in Colombo. CA Sri Lanka Secretary and CEO Aruna Alwis, CA Sri Lanka Vice President Lasantha Wickramasinghe,  CISI Advisory Committee Sri Lanka Chairman Nihal Fonseka and CISI Sri Lanka Country Manager  Brian Selvanayagam are also present – Pic by Lasantha Kumara 

 The Chartered Institute for Securities and Investment (CISI) on Tuesday announced that the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has signed a Memorandum of Understanding to promote its qualification amongst its membership.

Both organisations signed the MoU in Colombo during the visit this month to Sri Lanka, of Lord Mayor of the City of London Alderman Alan Yarrow.

CA Sri Lanka and the CISI have similar professional membership profiles amongst financial services professionals in the areas of banking, capital markets, securities and wealth management.

The CISI has agreed to award full CISI Membership (MCSI) to CA Sri Lanka members to have Associate membership of CA Sri Lanka and above. This means that CA Sri Lanka members will then be able to attend CISI Sri Lanka based continuing professional development events.

The CISI has been in Colombo since 2011 with an established CISI National Advisory Council formed of senior industry practitioners which advise the institute on national education and local continuing professional development requirements. With 40,000 worldwide memberships, the CISI is the professional body which sets examinations and offers qualifications for those working, or looking to establish a career in, the wealth management and capital markets industry.

CISI’s Sri Lanka National Advisory Council is headed by Nihal Fonseka MCSI. A career banker Fonseka was the General Manager/Director and CEO of DFCC Bank PLC until his retirement in September 2013. He was also the former Chairman of Colombo Stock Exchange and presently Non-Executive Director of John Keells Holdings PLC.  

CA Sri Lanka is one of Sri Lanka’s foremost and largest professional organisations and provides leadership and insight to the accounting and finance profession in Sri Lanka and globally. In its capacity as the country’s national professional accounting body, CA Sri Lanka plays a key role in enhancing the financial landscape of Sri Lanka, while working closely with the Government of Sri Lanka, Regulatory Authorities and the Private and Public Sectors in helping achieve the national economic objectives

CISI Sri Lanka Country Manager Brian Selvanayagam said: “We are extremely pleased to partner with CA Sri Lanka. Our membership objectives are complementary and both organisations are driven to ensuring our members are qualified to the highest professional, technical and ethical standards to ensure they remain up to date in their skills for today’s competitive jobs market.

CA Sri Lanka President Arjuna Herath said: “CA Sri Lanka qualified members are globally recognised and as testament to this at least 30% of our members serve across 42 countries at present. As a leading professional body, we always endeavour to partner with the best in our efforts to offer the country’s professional community the best of qualifications. Our agreement with CISI is also yet another effort in this continuing objective.”