📈 CISI Chair: High-Skilled Workforce Key to SL's Financial Future
Chartered Institute for Securities and Investment (CISI) Chair Michael Cole Fontayn highlighted that Sri Lanka’s high-skilled professional workforce and strategic location are key drivers for growing opportunities in the financial services sector. • CISI Global Footprint: Sri Lanka is CISI's largest operational hub outside the UK, playing a crucial role in supporting the organization’s global reach. • Strategic Partnerships: The visit focused on building capacity through partnerships, including a recent MoU with the Association of Accounting Technicians and a collaboration with the University of Colombo to enhance professional pathways for graduates. • Industry Focus: CISI is actively working with local partners, including the SEC, to upskill local talent and explore themes such as sustainable finance and ethical AI. • Economic Context: The move supports Sri Lanka's aim to position itself as a regional financial hub. This follows a World Bank review noting significant economic stabilization efforts, including a fiscal adjustment equal to nearly 8% of GDP since 2021. • Future Engagement: CISI encourages Sri Lankans to pursue lifelong learning in finance, with the organization set to celebrate its 15th year in Colombo in 2026.