British Investment Body Comes to Mumbai

With more and more British financial service firms off-shoring / outsourcing their operations staff to India, the UK Securities & Investment Institute has no option but to launch an office in Mumbai to accommodate them.
Official sources confirm UK Securities & Investment Institute s (SII) office in India will be based in Mumbai s Commodities Exchange building, and a local client liaison manager, Arwa Tapia, a chartered accountant who qualified from the Indian office of Deloitte Touche, has already been appointed.
Confirming the need of an SII office in India, Ruth Martin, Managing Director SII, said: We are delighted to be opening our India office in Mumbai and very pleased that Arwa is joining us. Our member firms have made it clear that the training and competence levels of their staff in India is paramount to maintaining high standards of customer service. For example, our member firm, the global company International Financial Data Services (IFDS), is one of several firms which has put a number of its staff through our qualifications and training programme.
SII www.sii.org.uk was formed in 1992 by members of the London Stock Exchange, and its mission is to set standards of professional excellence and integrity for the securities and investment industry, providing qualifications and promoting the highest level of competence to its members, firms and others. A pre-eminent professional body for the securities and investment industry in the UK, over 16,000 members have benefitted from SII s programme of professional training and development. It is also the principal awarding body for industry qualifications, attracting 35,000 candidates to sit for it examination last year.
UK s British Airways began the off-shoring / outsourcing trend to India, but it was USA that started a flux of American companies off-shoring projects to the sub-continent. The latter s profit making success story has convinced UK, French and other EU firms that to remain competitive and profitable, an Indian connection is most necessary. Slowly but steadily, they are coming out to India to establish their presence, and it is understandable that the staff they hire in India undergo the professional training and development available to staff hired in UK. And, clearing the examination, the Indians with their international standard training and development, can ensure the sky is the limit!
Whatever, one may say about the Brits, it is to their credit that instead of moaning and carping on like the Americans about the unsuitability of Indians, they have set up an institution to train and develop Indian staff, staff that is trained to specific British requirements!
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