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240507 India is launchpad for a world first qualification

India is the country chosen for the launch of the world’s first qualification for financial services IT staff working in operations.

The IT in Investment Operations Award (ITIO) has been developed by the Securities & Investment Institute (SII), which has an office in Mumbai, with input from leading banks, third party administrators and IT service providers.

The ITIO Award has been developed in response to industry requests for a practical and relevant qualification for IT practitioners working in the financial services sector. The ITIO Award can be taken as a stand-alone qualification or as part of the SII’s broader Investment Administration Qualification (IAQ).

The SII ITIO Award will be launched in Mumbai on 24^th May by the Lord Mayor of the City of London Alderman John Stuttard and Richard Stockdale, President of SII’s Regional Committee in India and CEO of Lloyds TSB Global Services Private Limited.

Almost half of the ITIO examination is devoted to the role of IT in the advisory, middle and operations divisions, with a further 25% devoted to IT management
and delivery issues.

Ruth Martin, managing director of SII said, “It is the fist time that SII has launched a new global qualification outside the UK and we are delighted to do so in India. The ITIO aims to explain issues that IT staff may expect to face in their day-to-day activities and will become the benchmark qualification for IT staff working in, or hoping to move into, the global financial services sector.”

The SII ITIO will be offered globally by Computer Based Testing (CBT) from September 2007 and SII will be working with local training providers.

Some of India’s most senior financial services industry practitioners have joined the SII India Regional Committee, which is chaired by Richard Stockdale. The Committee members are:

Mr Richard Stockdale – Lloyds TSB Global Services Private Limited, CEO and President, SII India Regional Committee
Dr Prakash G. Apte – Indian Institute of Management Bangalore, Director
Mr S A Narayan - Kotak Securities Limited, Managing Director
Mr P H Ravikumar - National Commodity and Derivatives Exchange Limited, Managing Director and CEO
Ms Sheena Wilson – Mellon India Private Limited, CEO
Mr Natarajan Radhakrishnan - Cognizant Technology Solutions India Private Limited, Practice Director
Ms Ashu Suyash - Fidelity Fund Management Private Limited, Managing Director and Country Head
Ms Deena Mehta - Asit C Mehta Interrmediates Limited, Managing Director

Mr Sunil Shah – HDFC Securities Limited, Managing Director
Mr Nitin Rakesh - Syntel, CEO Syntel Sourcing

A representative from the National Association of Software and Service Companies (NASSCOM) , Dr Sandhya Chintala, Director Education Initiative will also participate on committee meetings.

Ends