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Wednesday, 5 September 2007

Programme To Train More Skilled Staff For Finance Sector

KUALA LUMPUR, Sept 5 (Bernama) -- Bank Negara Malaysia (BNM), in collaboration with the financial sector players, will implement a Financial Sector Talent Enrichment Programme (FSTEP) to address the shortage of skilled staff in the financial industry.BNM governor, Tan Sri Dr Zeti Akhtar Aziz, said the programme would produce highly-trained industry professionals."The FSTEP is aimed at attracting high-calibre students who have recently graduated from local and foreign institutions of higher learning to join the financial industry -- banks, insurance, Islamic banks and takaful."We plan to start the programme by December and will offer 1,000 places. By October next year, the candidates will be ready to be absorbed by the industry," she told a media briefing here today.Zeti said the programme would offer a one-year intensive technical training in banking and insurance, including Islamic finance and takaful."Its orientation will focus on practical and operational aspects of the financial services industry."The training module also includes simulations, workshops and case studies as well as on-the-job training through internships with the financial institutions," she said.She said the participants would receive a scholarship of RM2,200 per month as well as basic medical and insurance coverage.
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