SII Educational Trust

The SII created the SII Educational Trust to broaden the scope of its scholarship and sponsor a number of financial subjects within its accredited Centres of Excellence. The Trust incorporates the Stephen Cooke Scholarship award.

The Stephen Cooke Scholarship Award

Under the new Trust, scholarships will be awarded to candidates from its Centres of Excellence as follows:

1. Premier Scholarship Up to two Premier Scholarship of £5,000 each Award Criteria Each SII Centre of Excellence is invited to submit the best essay for consideration for a Premier Scholarship. All applicants will compete for up to two awards judged on the basis of:  An essay  A general knowledge test  An interview

2. General Scholarship One General Scholarship of £3,000 for each Centre of Excellence. Award Criteria Each Centre of Excellence may be awarded one General Scholarship. A minimum of three and a maximum of five candidates will be determined by the Centre of Excellence. Candidates who have received a Premier Scholarship may not be considered for a General Award. However, unsuccessful candidates for the Premier Scholarship will be eligible for consideration for a General Scholarship. The Centre of Excellence will perform the initial selection process for the General Scholarship on a criteria based assessment to be agreed with the Chair of the SII Educational Trust. This may involve reference to another piece of work or activity which could be part of the student’s general course.

Entry Criteria for All Scholarships

The applicants will need to be registered at a Centre of Excellence and:

 entering their second year as an undergraduate, OR first year as a post graduate student, enrolled on a specified course at SII’s designated Centres of Excellence
 born in the UK OR born in the EU and can provide evidence that they intend to work for a minimum of three years in the UK
 must not have been a previous winner under the SII Scholarship scheme

Essay

Against the background of a stream of reports analysing causes of the financial crisis, such as those from Lord Turner and Sir David Walker, a common theme emerges on the need to review the roles of non-executive directors, institutional shareholders and regulators. The essay title for the 2010 Stephen Cooke Scholarship is:-

"Analyse the current corporate governance structure of banks and financial institutions looking at the responsibilities of the non-executive directors, institutional shareholders and regulators; and their role and effectiveness in holding senior management to account. What changes would you suggest to help avoid repeating recent mistakes?"

All essays should be no more than 2,500 words and must be submitted to each Centre of Excellence by Monday 1 February 2010

Timetable and Selection Process

Premier Scholarship Essays to be submitted electronically to course tutor by Monday 1 February 2010 Course Tutors to submit winning essay to CISI by Thursday 18 February 2010 Interviews and general knowledge tests to be held at CISI Tuesday 2 March 2010 Premier Scholarships will be presented at the CISI Board meeting on Thursday 18 March 2010 The panel for awarding the Premier Scholarships will be:  Chair of the SII Educational Trust  A member of the SII Educational Trust Committee  A senior member of SII staff  Up to two invited guests who should not have links with any of the Centres of Excellence which have submitted essay applications

General Scholarship The selection process for the General Scholarship will also include a panel interview and general knowledge test at your University Campus. The panel will comprise:  Up to two academic representatives from the Centre of Excellence  A senior representative from the SII  If possible, a local representative from an SII regional centre General Scholarship winners should be chosen by the end of May 2010.

Contact Us For more info on SII Educational Trust and Scholarships please contact: John O’Keeffe, Head of Educational Development at SII Email:john.o’keeffe@sii.org.uk Tel: +44 (0) 20 7645 0624 For more information on the scholarship, please follow the link to download the flyer

SII Stephen Cooke Scholarship 2009 Winner Winner: Chris Stevens Award-winning essay: To what extent has the world‟s economic and financial power moved from West to East? Stephen Cooke was a founding member of the board of the Securities & Investment Institute, the London Stock Exchange and the Association for Private Client Stockbrokers and Investment Managers (APCIMS). He died at a young age in 1997. Stephen’s particular passion was education and, in recognition of all he had done towards the creation of the modern City, his friends and business associates set out to raise funds to provide scholarships for students considering a career in the financial services industry, which would keep his name alive. In recognition of the closer links being established the university sector, the SII board has agreed to establish an educational trust to enable students from universities recognised by the SII as centres of excellence to be able to compete for more scholarships in 2009.The 2008 winner of the scholarship, is studying for an MSc in Investment Management at Cass Business School. Euroclear Prize in Memory of Andrew Winckler 2009 Winner Winner:Michelle Snaith Andrew Winckler had a long career in the financial services industry both as a practitioner and in regulation as former chief executive of the Securities & Investment Board, the precursor to the Financial Services Authority. Andrew was latterly a partner of Ernst & Young and chaired its regulatory practice in the UK. He was also as a member of the Board of Euroclear PLC and a commissioner of the Jersey Financial Services Commission until he died at a tragically early age in 2007. In recognition of Andrew Winckler’s contribution to financial services in the UK, and to preserve his memory, Euroclear has generously agreed to sponsor this new award for ten years. This is the second year of the award.