cep tr continuing education programme for trading ... · continuing education programme for trading...

ŀ

CEPTR

Continuing Education Programme for Trading Representatives

PAGE 1

INTRODUCTION The Continuing Education Programme for Trading Representatives is accredited by the Singapore Exchange (SGX) and it offers Trading Representatives a selection of short classroom and/ or e-learning courses for continuous professional development.

SGX-TRAINING CREDITS Participants will attain one training credit upon successful completion of each course. This Continuing Education Programme is subjected to the existing SGX requirements on minimum training credits, punctuality, signing of attendance register, attendance, attire and other rules or regulations prescribed by the SGX.

ENROLMENT & PAYMENT

The fees (inclusive of GST) per course are as follow:

Classroom Course Fees E-Learning Course Fees

IBF Member S$160.50 S$192.60

Non-Members S$181.90 S$214.00

To register for the courses, please complete the CEPTR registration form which is available on IBF website (http://www.ibf.org.sg/download/CE_Registration_Form.pdf). Please mail the completed form together with a crossed cheque made payable to “The Institute of Banking and Finance”. CEPTR registration forms should reach us 10 business days before course commencement. A confirmation letter will be emailed to participants within 7 business days upon receipt of full payment and the duly completed Registration Form.

CONTACT INFORMATION

The Institute of Banking & Finance 10 Shenton Way #13-07/08 MAS Building Singapore 079117 Office Hours: Monday to Friday (excluding Public Holidays), 9 am - 5 pm Tel: 6220 8566 (Ext 824) Email: [email protected]

Note:

The Institute of Banking and Finance reserves the right to cancel the courses due to unforeseen circumstances or make changes to the course dates, presenters and venue where appropriate.

CEPTR


PAGE 2

CLASSROOM COURSE SCHEDULE FOR 2012

Course Code Date Course Title

CE1203

24 May

Financial Planning In An Uncertain World

CE1204

20 Jun

Market Offences and Their Consequences

CE1205

18 Jul

An Update On AML & CFT Laws & Regulations In Singapore And An Overview Of Recent Market Misconduct Offences Under The Securities And Futures Act

CE1206a

25 Jul

Using the Appropriate Technical Indicators for Optimal Transaction Timing of Stocks, Futures and Forex

CE1207

29 Aug

How to Make Money in the Stock Market by Selling Stocks Short

CE1201

10 Oct

Analysing and Trading Derivatives #

CE1206b

24 Oct

Using the Appropriate Technical Indicators for Optimal Transaction Timing of Stocks, Futures and Forex

CE1202

15 Nov

The ETF Evolution: From Passive To Active? #

Note: - All classroom courses are conducted on a weekday evening from 6pm to 9pm.The venue for

classroom courses will be at FTSE, Level 9, Capital Tower, Robinson Road. - Course Synopsis: Page 4-11 - Speakers’ Profile: 0-22 - # Denotes Product-Based Training Courses

CEPTR


PAGE 3

E-LEARNING COURSE SCHEDULE FOR 2012

Course Code Course Title

CE1209 The Financial Crisis, Managing Credit Risk and Credit Management

CE1210 An Introduction to Emerging Markets, Investment and Emerging Markets - China

CE1211 Private Equity and Exchange Traded Funds*

CE1212 An Introduction to Asset Management and Hedge Funds, Hedge Funds - Style

CE1213 Dark Pools, Equities - Research & Valuation, Equity Portfolio Management – Risk & Return

CE1214 Economic Indicators – An Introduction, Inflation & Employment and Margin

CE1215 An Introduction to Convertibles and Convertible Valuation , Contingent Convertibles

CE1216 Structured Products : An Introduction, Major Types and Valuation & Risks

Note: - Course Synopsis: Page 12-19 - * Denotes Product-Based Training Courses

CEPTR


PAGE 4

Course Synopsis

A. ENHANCING KNOWLEDGE AND COMPETENCIES

Course Title: Financial Planning In An Uncertain World (CE1203)

Date: 24 May 2012

Level:

Intermediate

Speaker:

Mr Christopher Tan

Course Outline:

Since the financial crisis in 2008/2009, we live in a world with greater uncertainties. The developed world in the west is in massive debt. Governments in the Middle East and even Europe are being replaced, the future seems so unsure. What does all this mean to our financial future? How should we respond to this, so that we can be at peace financially, in a non-peaceful world? In this 3-hour session, the speaker will:

a. Talk about our life’s money equation that affects our view on money. Using this simple equation, the speaker will share nuggets of wisdom on how to strengthen our financial fortress, centered on our life’s purpose, to live a contented and purposeful life.

b. Give practical handles on how one can strengthen their financial life through a thorough financial health check, practical budgeting techniques and understanding the role of insurance in your financial life.

c. Explain how long you need insurance cover, how much you need and what type of insurance you

purchase. At the end of this very frank and practical sharing, you will walk away with steps that you can take, to begin putting more certainty to your financial life, and achieve a life of contentment and thus, happiness.

CEPTR


PAGE 5

Course Title:

Market Offences and Their Consequences (CE1204)

Date:

20 June 2012

Level: Intermediate

Speaker: Mr Davy Young

Course Outline:

This module gives a comprehensive refresher of the law covering "Market Conduct" as spelt out in Part XII of the Securities & Futures Act 2001. There will be a review of various market activities which are prohibited by law, such as false trading, market rigging, market manipulation, employment of manipulative and deceptive devices, and insider trading. Criminal sanctions and civil penalties are also discussed. The session will be supplemented by numerous real-life case studies in the local context, examining the conduct and actions of trading representatives and investors who have run foul of the law, and the consequences they faced as a result. Trading representatives will be advised on the measures they can take to avoid the more common pitfalls to protect themselves.

CEPTR


PAGE 6

Course Title:

Using the Appropriate Technical Indicators for Optimal Transaction Timing of Stocks, Futures and Forex (CE1206a & CE1206b)

Date:

25 July 2012 24 October 2012

Level: Basic-Intermediate

Speaker: Mr Robert C S Tay

Course Outline:

• The 3 phases of cycles. Uptrend, downtrend and ranging

• Using the appropriate indicators from Technical Analysis

• First – determine the nature of the trend using the ADX:-

(i) Uptrend

(ii) Downtrend

(iii) Untrending (ranging)

• Trend following indicators:-

(i) Moving Averages

(ii) 26-day and 13-day Exponential Moving Averages

(iii) The MACDI (Moving Average Convergence Divergence Index)

(iv) The MACD Histogram

• Ranging Indicators:-

(i) Lane’s Stochastics

(ii) Wilder’s Relative Strength Index (RSI)

• Trend Trading and counter Trend Trading

• Using Alexander Elder’s Triple Screening Technique for optimal trading profits

CEPTR


PAGE 7

Course Title:

How to Make Money In the Stock Market by Selling Stocks Short (CE1207) Date:

29 August 2012

Level: Basic-Intermediate

Speaker: Mr Robert C S Tay

Course Outline:

• Parameters for undervaluation and overvaluation using Fundamental Analysis – Ratio Analysis

• Parameters for oversold and overbought situations using Technical Analysis

(i) Using Trend Analysis

(ii) Using Momentum Analysis

• The psychology behind buying a stock and selling a stock

• It is psychologically easier to buy a stock than to sell a stock – an analogy

• Parameters for buying and selling

• Selling and selling short

• SELLING SHORT – making 80% of profits in 20% of the time!

• How to sell short using CFD and SBL

• What stocks that you should not SHORT!

• When you should not short and when to cover your short positions

• The most important consideration. Placing your stops (stop loss). The 2% and 6% rule

• Identifying a bullish trend reversal to effect short positions

• Understanding why support and resistances occur

• The importance of understanding the polarity of support and resistances

• Using a support trend to resistance for shorting opportunities

• The toolbox for shorting stocks

(i) Fundamental perspective and valuations

(ii) Trend determination using the ADX

(iii) Trend determination using two EMAs

(iv) The MACD Histogram

(v) Price to volume characteristics

CEPTR


PAGE 8

Course Title: Analysing and Trading Derivatives (CE1201)

Date: 10 October 2012

Level:

Basic-Intermediate

Speaker:

Dr Jeffrey Lim

Course Outline:

• Definition of Derivatives

• Purpose of Derivatives Market

• Market Measures

• Examples of Standard Financial Derivatives

• Examples of Non-Standard Financial Derivatives

• Over-The-Counter (OTC) Derivatives

• Exchange-Traded Derivatives

CEPTR


PAGE 9

Course Title:

The ETF Evolution: From Passive To Active? (CE1202) Date:

15 November 2012

Level:

Intermediate-Advance

Speaker:

Mr Tolmas Wong

Course Outline:

The rising popularity of ETFs has spurred a dynamic growth in the emerging markets. Single country and alternative investment ETFs are creating questions such as: Are all ETFs equal? And how do we select the most appropriate ETFs? We will also examine the current arguments in index weighting methodology (from market capitalization to fundamentals & volatility), the risks in synthetic fund structures, liquidity efficiency, and the addition of an ‘active twist’ to a traditionally passive fund vehicle.

CEPTR


PAGE 10

B. COMPLYING WITH REGULATORY REQUIREMENTS

Course Title: An Update On AML & CFT Laws And Regulations In Singapore And An Overview Of Recent Market Misconduct Offences Under The Securities And Futures Act (CE1205)

Date: 18 July 2012

Level:

Basic-Intermediate

Speaker:

Ms Chee Wei-Lin

Course Outline:

This is a short refresher and update on three key areas of Singapore’s financial legislative and regulatory framework: the prevention of money laundering, countering the financing of terrorism and market misconduct under the Securities and Futures Act, Cap 289. This course will review recent money laundering and terrorist financing typologies, Singapore’s laws against such practices as well as recently reported cases of market misconduct under the Securities and Futures Act, Cap 289. Brief review of and refresher on:-

• The elements and processes of money laundering and terrorist financing;

• Singapore’s legislative framework for the prevention of money laundering and countering the financing of terrorism.

• An overview and update of Singapore’s legislative and regulatory framework for the prevention of money laundering and countering of financing of terrorism.

• Recent money laundering and/or terrorist financing typologies.

• Brief refresher and overview of market misconduct offences under the Securities and Futures Act, Cap 289.

• Recent market misconduct cases in relation to the securities industry.

CEPTR


PAGE 11

E – LEARNING COURSES

Course Title: The Financial Crisis, Managing Credit Risk and Credit Management (CE1209) (Note: Participants should have basic knowledge of Financial Markets, Risk and Credit Structure,

Corporate Finance)

Level: Basic

Course Outline:

This course consists of 3 tutorials:

1. The Financial Crisis This tutorial describes the unfolding of this watershed event, from the development of the crisis in the US subprime mortgage market to its spread across global markets and institutions. It also looks at how the authorities responded, and the lessons to be learned for future generations. 2. Managing Credit Risk The tutorial outlines how institutions and business enterprises can manage their credit risk through good credit analysis and avoiding concentrations, and how they can transfer credit risk using instruments such as credit derivatives. 3. Credit Management This tutorial addresses the issues such as assessing credit worthiness, trade terms, credit period, collecting payments etc., before the credit decision can be made.

On completion of this course, you will be able to:

• Describe the extraordinary growth and collapse of the US subprime mortgage market.

• Explain how the securitization of subprime mortgages lay at the heart of the wider impact of the crisis.

• Realize the magnitude of the crisis as emphasized by the number and type of institutions, markets, and countries affected.

• Describe some of the main factors that caused the crisis.

• Outline the response of governments and financial authorities to the crisis.

• Explain how poor credit risk management contributed to the credit crisis.

• Describe how credit risk can be effectively managed by thorough credit analysis and the avoidance of concentration risk.

• Explain how credit risk can be transferred using instruments such as credit derivatives

• Explain the fundamentals of credit management.

• Calculate the relevant ratios to determine the viability of a proposal.

• Outline the procedures involved in the credit control process.

CEPTR


PAGE 12

Course Title: An Introduction to Emerging Markets, Investment and Emerging Markets – China (CE1210) (Note: Participants should have basic knowledge of Financial and Emerging Markets)

Level: Basic

Course Outline: This course consists of 3 tutorials: 1. Emerging Markets - An Introduction This tutorial outlines the development of emerging markets and how they differ from developed economies. The key emerging markets and the risks of investing in these markets are also discussed. 2. Emerging Markets – China This tutorial looks in detail at China and its meteoric rise to economic superpower, in addition to some of the challenges the country faces. It also describes the banking and financial sector, which has had to evolve in line with China’s explosive economic growth. 3. Investment - An Introduction This tutorial deals with a variety of fundamental issues that must be grasped in order for finance professionals to pitch, sell and comprehend the true appeal and relevance of a particular security. On completion of this course, you will be able to:

• Define an ‘emerging market’ and describe how these markets have developed over the years.

• Outline the key emerging markets, notably the ‘BRIC’ economies.

• Describe the main considerations and risks associated with investing in emerging markets.

• Describe China's evolution from a centrally-planned economy to the world's second largest market economy.

• Outline the structure of the Chinese banking system and the importance of the major reforms it has seen in recent times.

• Explain how Chinese financial markets are evolving, but remain underdeveloped relative to those in developed economies.

• Describe the concept of investment and how it differs from speculation and gambling.

• Define a security and the process of securities analysis.

• Recognize that risk and return are the two most important attributes to be considered for any investment.

• List the main components of investment risk.

• Describe the main factors determining an investor's required rate of return.

CEPTR


PAGE 13

Course Title: Private Equity and Exchange Traded Funds (CE1211) (Note: Participants should have basic knowledge of Private Banking, Wealth Management,

Financial Markets and Investment).

Level: Basic

Course Outline: This course consists of 3 tutorials: 1. Private Equity (Part I) This tutorial – the first of two – looks at the fundamentals of the private equity industry. It covers topics such as the growth and importance of private equity as an asset class and the different types of private equity available (venture capital and buyouts). 2. Private Equity (Part II) This tutorial builds on the concepts described in Private Equity (Part I), focusing primarily on the private equity asset class from an investor’s point of view. It outlines the different ways of investing in private equity, from direct investment to the various types of fund, and looks at the role of investors – in addition to the companies seeking financing – in private equity transactions. 3. Exchange-Traded Funds (ETFs) This tutorial covers the fundamentals of ETFs, including their creation, features, and market development. It also describes many of the different types of ETF available in the marketplace. On completion of this course, you will be able to:

• Describe the basic features of private equity and its development into a significant asset class.

• Identify the two main types of private equity investing, namely venture capital and buyouts.

• Explain the benefits of investing in private equity as an asset class.

• Describe the methods, both direct and indirect, of investing in private equity.

• Outline the investment process and the participants in that process.

• Describe the main characteristics of ETFs, including the creation process for these funds.

• Understand the different structures and types of ETF that are available in the market.

CEPTR


PAGE 14

Course Title: An Introduction to Asset Management and Hedge Funds, Hedge Funds – Style (CE1212) (Note: Participants should have basic knowledge of Investments, Alternative Assets, and Hedge

Funds)

Level: Basic -

Intermediate

Course Outline:


1. Asset Management - An Introduction This tutorial provides an overview of the structure and activities of a typical asset management firm, including its clients, products, and services. The current state of the global asset management industry is also discussed. 2. Hedge Funds - An Introduction This tutorial describes the nature and development of the hedge fund concept, and also looks at the key players and intermediaries involved in the industry. 3. Hedge Funds - Styles This tutorial examines the key differences between such styles in terms of market exposure, required leverage, correlation to major markets, and gives a description of the key categories. It also briefly examines the topic of hedge fund factor analysis and replication. On completion of this course, you will be able to:

• Describe the workings of the asset management industry, including the main products and services on offer, the key market players and the different types of clients.

• Explain the development of the hedge fund concept.

• Outline the defining characteristics of hedge funds.

• Describe the key players in the hedge fund market.

• Show how hedge fund returns are related to market movements.

• Describe the major hedge fund investment styles (such as relative value trading, event-driven strategies, and directional trading) and their different characteristics, market exposure, and leverage requirements.

CEPTR


PAGE 15

Course Title:

Dark Pools, Equities - Research & Valuation, Equity Portfolio Management – Risk & Return (CE1213)

(Note: Participants should have basic knowledge of Equities, Probability Distributions &

Hypothesis Testing)

Level:

Basic - Intermediate

Course Outline:


1. Dark Pools

This tutorial describes dark trading in detail, including its attraction to investors and traders. It also differentiates between the different types of dark pool operating in the marker, as well looking at some of the challenges facing the business model, not least the increased regulatory scrutiny.

2. Equities - Research & Valuation This tutorial focuses on the quantitative side of things. Ratio analysis, the subject of the first part of the tutorial, is one form of quantitative assessment. It provides a way of summarizing a large volume of financial accounting information into simple measurements. The second part of this tutorial looks at stock valuation models, beginning with the oldest and simplest method of valuing stocks - the dividend discount model - which equates the fundamental value of a stock to the present value of the stock's expected future dividends. The dividend discount model is regarded by many analysts these days as conservative and outmoded, although much of the intuition from the model is also embedded in other valuation models. Two of these - the discounted cash flow model and residual income model - are also covered in this tutorial. 3. Equity Portfolio Management - Risk & Return This tutorial looks at the fundamental concepts of expected return and risk (variance/standard deviation) in the context of equity portfolio management. Beginning with the idea of single stock risk, the tutorial then moves on to discuss risk in the context of a portfolio. The effect of correlation between stocks on a portfolio’s standard deviation is described in detail. The tutorial also looks at the marginal contribution of an individual stock to the overall risk of a portfolio, before concluding with an explanation of semi-variance, a downside risk measure that is used as an alternative to variance/standard deviation. On completion of this course, you will be able to:

• Describe the practice of dark pool trading, as well its attractions and drawbacks.

• Differentiate between the different types of dark pool operating in the market.

• Outline some of the challenges that dark pools face, including increased scrutiny from regulators.

• Separate a company's return on equity into a number of key financial metrics in order to identify where within the firm superior/inferior return is being earned.

• Describe the different models used to estimate the fundamental value of a stock.

• Describe the concepts of variance and standard deviation in the context of measuring the volatility associated with individual stocks.

• Explain how portfolio risk is a function not only of the risk of the individual stocks, but also of the degree of correlation between the expected return on each stock in the portfolio.

CEPTR


PAGE 16

Course Title: Economic Indicators – An Introduction, Inflation & Employment and Margin (CE1214) (Note: Participants should have basic knowledge of Macroeconomics, Economic Indicators,

Options, Forwards and Futures)

Level: Basic -

Intermediate

Course Outline:


1. Economic Indicators - An Introduction This tutorial provides an introduction to the use of economic indicators in evaluating the health of the economy. It explains the key jargon, and covers important issues such as the collection and publication of data, the compiling of index numbers, the calculation of growth rates, the use of indicators for comparison purposes, and the secrets and pitfalls in interpreting the indicators. 2. Economic Indicators - Inflation & Employment This tutorial looks at a number of inflation and employment indicators in detail, and describes how these reports filter through to affect the prices of various financial instruments. A number of real-life examples from recent years are included to demonstrate how inflation and employment data impact financial markets in practice. 3. Margin This tutorial looks at the three main types of margin: ownership margin, as used in the securities market, options margin, and futures margin. On completion of this course, you will be able to:

• Describe what economic indicators are, what they are used for, who publishes them, and who uses them.

• Outline the process for the collection, calculation, and publication of economic indicators.

• Use some basic numerical techniques for interpreting economic indicators.

• Explain the key issues to look for when interpreting economic indicators.

• Describe the consumer price index (CPI) and other inflation indicators, and recognize the importance of such data for the financial markets.

• Explain the significance of the various labor market statistics, including those contained in much-watched monthly employment reports.

• Describe the role of margin in securities trading.

• Explain the application of option margin.

• Understand the use of margin in futures trading.

CEPTR


PAGE 17

Course Title: An Introduction to Convertibles and Convertible Valuation , Contingent Convertibles (CE1215) (Note: Participants should have basic knowledge of Bonds, Equity Derivatives, Convertibles and

Options)

Level: Intermediate

Course Outline: This course consists of 3 tutorials: 1. Convertibles - An Introduction This tutorial looks at the most common types of convertibles and the motivations for issuing and investing in them. The mathematics of convertibles and their special provisions are also presented. 2. Contingent Convertibles (CoCos) This tutorial describes the key features of contingent convertibles and how these instruments are priced. The regulatory background and market development of CoCos are also outlined. 3. Convertibles - Introduction to Convertible Valuation This tutorial outlines how convertibles are priced and also the factors that influence their prices. On completion of this course, you will be able to:

• Define a convertible bond.

• Explain the mathematical terms associated with convertibles.

• Outline the special provisions that can be included in the terms of a convertible.

• List and describe the different convertible variants.

• Describe the key features of contingent convertible (CoCo) bonds, including 'trigger' points and pricing mechanisms.

• Outline the key regulatory issues associated with CoCos.

• Understand the factors that affect convertible prices.

• Outline the basic concepts in the valuation of convertible bonds.

CEPTR


PAGE 18

Course Title: Structured Products : An Introduction, Major Types and Valuation & Risks (CE1216) (Note: Participants should have basic knowledge of Bonds, Options and Structured Products)

Level: Intermediate-

Advanced

Course Outline:


1. Structured Products - An Introduction This tutorial describes the concept of structured products and examines the development of the market. Investor motivations, the basics of construction, and key risks are all investigated. 2. Structured Products - Major Types This tutorial explores the most popular types of structured product and some of the structures that are specific to particular asset classes. 3. Structured Products - Valuation & Risks This tutorial examines in more detail some of the key risks encountered by investors in structured products, and how the value of these products will vary as market parameters change. There is also an analysis of (constant proportion portfolio insurance (CPPI) and its use as an alternative to ‘classical’ principal-protected structures. On completion of this course, you will be able to:

• Explain the basics of structured products (SPs).

• Describe how the market for SPs has developed.

• Outline the lifecycle of a typical structured product.

• Understand why investors might use SPs as opposed to other instruments.

• Show how a simple SP is constructed and outline the key risks associated with SPs.

• Describe the common elements utilized in structured products across different asset classes.

• Outline the major structures used in specific asset classes.

• Explain the issues involved in establishing both the values for structured products and in calculating the sensitivities of those values to changes over time.

• Distinguish between 'theoretical' valuation and a trading price.

• Outline the constant proportion portfolio insurance (CPPI) dynamic approach to structured product construction.

CEPTR


PAGE 19

Speakers’ Profile

Ms Chee Wei-lin

Chee Wei-lin is the former Director of Training & Resource of a Singapore top-tier legal firm until April 2004. A lawyer by training, she was a former litigation partner of PK Wong & Advani. She has served as a Deputy Public Prosecutor and State Counsel within the Singapore Legal Service in the Ministry of Defence and Commercial Affairs Department. During her legal career of more than 13 years, Wei-lin has been involved in major commercial crime prosecutions, banking litigation, corporate and financial advisory work and commercial transactions. She regularly lectures on anti-money laundering and terrorist financing laws and guidelines for the Institute of Banking and Finance in Singapore and at in-house training programmes of banks and other financial institutions in Singapore. Organisations she has lectured at in recent years include Nanyang Polytechnic, PrimePartners Group, Bank of Taiwan, AMFraser Securities and Society of Remisiers Wei-lin holds a Master in Organisational Leadership from Monash University. She remains an Advocate and Solicitor of Singapore and is a Member on the Solicitor’s Rolls of England and Wales.

Dr Jeffrey C. K. Lim

Dr. Jeffrey C. K. Lim, certified Financial Risk Manager (FRM) and certified Professional Risk Manager (PRM), is currently the Managing Director of PI ETA Consulting Company, a Treasury & Financial Risk Management Consulting Company. A Chartered Scientist (C.Sci.), a Chartered Mathematician (C.Math.) and an elected Fellow of the Institute of Mathematics and Its Applications (IMA), U.K. (FIMA), Jeff earned his Ph.D. in Stochastic Financial Modeling from the University of Cambridge in England. Jeff’s research interest at Cambridge was in the area of Arbitrage Opportunities occurring in the Mispricing of Financial Options, and his original research culminated in the publication of his doctoral dissertation entitled: “Multi-period Mean-Variance Option Portfolio Strategies”. He has worked with American Express Bank, NatWest Markets (Hong Kong & Singapore) & Nomura International (UK)'s Dealing Rooms.

Mr Christopher Tan

Christopher has more than a decade of experience in the wealth management and financial planning industry. Professionally, he is a Certified Financial Planner and a member of the Financial Planning Association of Singapore. He is also a member of the Securities Investor Association; Singapore (SIAS) and sits on its management committee. Christopher is often quoted in publications for his expert opinion on financial matters as well as being interviewed on broadcast media. He has also spoken to hundreds of entities, both local and overseas, on financial planning issues. For his contributions, Asia Financial Planning Journal awarded Christopher the First Prize for the Financial Adviser Representative of the Year in 2005. Christopher is the CEO and Co-Founder of Singapore’s first fee-only independent financial adviser, Providend Ltd, for which he received the prestigious Most Promising Entrepreneur Award by the Asia Pacific Entrepreneurship Awards in 2009.

CEPTR


PAGE 20

Mr Robert C S Tay

Mr Robert C S Tay is currently a Dealer’s Representative with UOB Kay Hian Securities Pte Ltd. He obtained a Bachelor of Arts Degree from the University of Singapore where he read Economics and Sociology and a MBA from the University of New South Wales, Australia. Mr Tay’s career in the financial sector spans 31 years of work experience in international currency and deposit broking, stock broking, investment management and securities research. Mr Tay is a frequent conference speaker on investment management and investment strategies. He has conducted investment courses and talks for The Singapore Exchange (SGX), Institute of banking and Finance (IBF), The National University of Singapore (NUS) and the Securities Investors Association of Singapore (SIAS). He is a member of the Education Committee of The SIAS and is the lecturer and examiner for the SIAS investment analysis program leading to The Certificate in Securities Research.

Mr Tolmas Wong

Mr. Wong is working currently as director and head of private client services for CIMB Securities (S) Pte. Ltd. The team provides research-based advisory services on the regional equity markets & other financial products to corporate, trust & HNWI clients. He started his career with UOB as an investment analyst & subsequently promoted to be fund manager for UIS, a closed-end fund of UOB Group. He made a career switch to the sell side when headhunted to join Citigroup Vickers Singapore & subsequently to Schroder Securities Singapore & G.K. Goh Stockbrokers as a senior institutional salesperson for regional equities. It was at G.K. Goh Stockbrokers that he revitalized the private clients team & become a team coach for new retail dealers after the firm is merged into CIMB Group. Mr. Wong is an adjunct professor at Singapore Management University, teaching in the master of science in applied finance program since 2008. He has conducted several investment training programs for the Institute of Banking & Finance, Singapore Human Resource Institute (Diploma in Investment), SGX Academy & Society of Remisiers. He has served as a member of the board of the CFA Society of Singapore for 14 consecutive years & stepped down in 2011 to focus on candidacy & university liaison work. He holds a bachelor’s degree in business administration from the National University of Singapore and a master’s degree in applied finance from Macquarie University. He is a CFA since 1993 & a CFP since 2003.

CEPTR


PAGE 21

Mr Davy Young Davy Young retired as Director of Retail Business at DBS Vickers Securities, in March 2010. At DBS Vickers, he supervised a sales force of about 300 remisiers in their day-to-day trading activities, and was assisted by a support team of 6 staff members. He was the General Manager of Lum Chang Securities from 1990 to 2001, until it sold its business to DBS Vickers Securities. At Lum Chang Securities, he was responsible for the areas of operations, IT, Client Services, Training, HR and Admin. Davy was transferred to DBS Vickers Securities on completion of the sale. Since 1994, Davy has been actively involved in preparing candidates to sit the Module 1A exam (and its predecessor, the Paper I exam) on “Rules & Regulations for Dealing in Securities (SGX-ST Members)”. These courses were organised by the Institute of Banking & Finance (IBF), DBS Vickers Securities and private commercial schools. He has also taught many employees from local and foreign banks to prepare them to sit the Module 1B exam on “Rules & Regulations for Dealing in Securities (Non-SGX-ST Members)”. Many of the successful candidates in Module 1A (and Paper I) have joined the Industry as Trading Representatives over the years. He continues to teach on a freelance basis after his retirement. In 2003, the IBF engaged Davy to conduct a series of non-examinable bridging seminars on “Rules & Regulations for Dealing in Securities” to familiarize sales persons in stockbroking companies and banks with the Securities & Futures Act (SFA), in the transition from the repealed Securities Industry Act to the SFA. Davy obtained his BSc in Engineering (with Honours) from the University of Bath (UK) in 1970, the Trained Secondary Teacher’s Certificate (Australia) in 1971, and the MSc in Management Science from Imperial College, University of London (UK) in 1982. His earlier career was in the fields of education and training.

cep tr continuing education programme for trading ... · continuing education programme for trading...

Documents