Chairman of the Board of the Capital Market Authority and Chairman of the Board of Trustees of the Financial Academy Mohammed bin Abdullah Elkuwaiz on Wednesday inaugurated the third edition of the Financial Academy Forum 2024 in Riyadh, under the theme ‘Sustainable Talent Growth,” attended by a select group of decision-makers and experts from the local and international financial sector.
Elkuwaiz said in a speech that the Financial Academy has become an important training and qualification hub within the financial market, noting that the level of ambition and its contribution to financing the economy is boundless.
He discussed the extent of change in the financial sector, including new products, channels, and regulations, as well as the sector’s connection to other areas of the economy. Elkuwaiz reviewed the achievements made on the sidelines of 24 Fintech, the specialized international fintech conference that hosted a workshop on the future of financial planning and wealth management. During the workshop
, a report was issued outlining key features of development and investment in wealth management and financial planning for the upcoming period.
He indicated that many areas of focus and investment extend beyond the core field and are linked to additional skills the sector must build in order to excel, including data management and analysis, artificial intelligence, open finance technology, and other areas that have become essential in providing added value to the financial sector.
ElKuweiz also emphasized the importance of the Financial Academy and its activities as a platform for education, development, and qualification in the financial sector. He reviewed the academy’s achievements since its inception in 2020, including training over 50,000 individuals from the financial sector and offering more than 49 qualifying programs and tests, through which nearly 90,000 professionals in the financial sector have been certified. The academy has also established partnerships with over 40 educational institutions wo
rldwide.
He spoke about the significance of holding the third edition of the forum to learn about and identify challenges and opportunities related to the financial sector and human resources. Elkuwaiz expressed his appreciation to all attendees and participants in the Financial Academy Forum, hoping that its events and sessions would benefit everyone.
The third edition of the forum also saw the launch of an initiative between the Financial Academy and the Chartered Financial Analyst (CFA) Institute, aimed at increasing the number of CFA certification holders in the Saudi market, positioning the Kingdom among the leading countries in this field. The forum also announced the Financial Academy’s accreditation by the Chartered Insurance Institute as a professional development center, making it the institute’s first accredited center in the Kingdom.
The academy was announced as a global training partner for the Sutardja Center for Entrepreneurship and Technology at the University of California, Berkeley, allow
ing Saudi professionals exclusive access to world-leading entrepreneurship and technology programs and boot camps. The academy has also announced its partnership with Swiss Re Institute for executive training to launch an initiative to qualify leaders in the insurance sector, the first of its kind in the region. The initiative aims to qualify 150 leaders through several specialized programs, notably the Emerging Insurance Leaders Program.
The forum’s activities also included the announcement of an alliance between the Financial Academy, the Excellence Academy, New York University, the Paris School of Business, and the Chartered Financial Analyst Institute, along with the launch of the ‘Executive Financial Managers of the 21st Century’ initiative, which aims to qualify 60 executive financial managers in its first year.
Source: Saudi Press Agency
