Bourses awaiting early kickoff of Securities Training Institute
ASM Nayeem, former President of ICAB says at CSE training

Chittagong, August 13, 2007: Mr. ASM Nayeem erstwhile President of Institute of Chartered Accountant of Bangladesh and a Director of CSE Board urged Securities and Exchange Commission for immediate implementation of a prolonged demand for setting up a Securities Institute in the country. He said as Chief Guest in an inaugural session of a four weeks second comprehensive training course on “Basic Knowledge on Capital Market” that organized by the Chittagong Stock Exchange at CSE Conference Hall.

Mr. ASM Nayeem, in his address said, “CSE has opened a new horizon for the new comers who have just completed their higher education. Choosing stock market as a profession is a very prestigious that has recognition worldwide. I request all of you to spread the information of the training to your nearest colleagues, brothers & sisters, friends so that many of them can get training opportunity and learn about stock market investment techniques. Bangladesh has enormous potentials to speed up employment opportunity through industrialization which can be tapped by our small savers through IPO process. We have a vision to bring into existence in the country of skill entrepreneurs who will consider our stock market as an effective fund sourcing. If we do so, country will stand in a position to ease inflation, boost up export earnings, implement poverty reduction strategy, etc. etc.”

Mr. ASM Nayeem former President of ICAB and Director of CSE is seen in the picture while addressing as Chief Guest in the training session organized by CSE

He further said that “Due to poor collection of revenue and corruption, Government has to cut the budget of Annual Development Plan. Thus infrastructural developments in Education, Communication, Health sectors are greatly effected. Government should depend on self resource rather than from foreign aid. Our small investors can mobilize and enrich financial resource that can be funded to our infrastructural development. Stock Market in this respect is a very viable source of finance.”

He further added that establishment of a Professional Securities Institute is an urgent infrastructure that need to be materialized soon for the greater interest of our capital market professionals. While mentioning examples of same type of Securities Institutes in the developed countries like Bombay Stock Exchange Securities Institute, National Stock Exchange Securities Institute, Thailand Securities Institute, Bursa Malaysia Securities Institute etc., he said Securities Institute in Bangladesh was a brain child of CSE and its launch is very necessary to uphold quality human resource for the share market professions.

He further underscored that this training event will not meet the adequate requirement but it should continue. He appreciated towards CSE efforts and said after the 1996 debacle our investors are now well informed about SEC and CSE regulations. He requested training participants to use perfectly and efficiently of the training resource and transformed in stock market professions.

Mr. A B Siddique Chief Executive Officer made his opening remarks in the session and another former Director of CSE and former President of ICMAB, and also a resource person of the training Mr. Mohammed Mohiuddin FCMA was also spoke in the opening day.

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AKM Shahroze Alam
Deputy Manager, Corporate Development