GIS - 29 August, 2019: An Advanced Training in Fund Administration/Accounting was launched today by the Human Resource Development Council (HRDC) and the Global Finance Mauritius with the objective to help re-engineer strategies for the financial sector, and empower Mauritian professionals to perform their duties in line with international norms and service funds from across international jurisdictions.
On this occasion, the Chairperson of the HRDC, Mr Gunness Balnock, stated that training, learning and skill development are considered to be the backbone of human resource development and it is imperative for enterprises to gain up-to-date skills to stay competitive in the local and global marketplace.
The Mauritian financial services sector, he said, relies on its vast network of tax treaties, specialising in offering basic services for investment holdings while leaving more important decisions and contracts to foreign counterparts which is why the sector has found it difficult to move into higher value-added services, he added.
Mr Balnock thus underlined the need for more coordinated regulations in the global financial sector adding that the HRDC has come forward with the Advanced Training in Fund Administration/ Accounting under the Sectoral Skills Development Scheme (SSDS) for employees and Graduate Training for Employment Scheme (GTES) for the unemployed to acquire skills needed to match the expectations of employers.
Under the SSDS, some 40 employees from participating enterprises will follow a six-month training programme, ending in February 2020 which will be implemented in three phases. The Advanced Training in Fund Administration, which is an intermediate level programme, is being offered to experienced fund administrators and other back office support staff. The training will be delivered by CLT International, a UK-based firm.
As for the GTES, 38 unemployed graduates involved with seven enterprises will follow the training which caters for the need of personnel in fund accounting / administration for members of the Global Finance Mauritius. This training is a non-award course and will be conducted by Global Finance Mauritius with the collaboration of CLT International and the Financial Services Institute Ltd. This training programme, ending in July 2020, will comprise both classroom training, including face-to-face and online access to resources as well as industrial placement.
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