CaixaBank, Pompeu Fabra University (UPF) and the Chartered Institute for Securities & Investment (CISI) have signed an agreement whereby both institutions will certify the Financial Advice training of directors and personal banking managers of CaixaBank.
Present at the signing ceremony, which took place at CaixaBank's headquarters in Barcelona, were: Francesc Xavier Coll Escursell – Deputy Director General and Head of HR, Simon Culhane, Chartered FCSI and CISI CEO, Carme Martinell, Director General Private Foundation Institute of Continuing Education at the Pompeu Fabra University.
Following this agreement, CaixaBank employees who take the UPF Barcelona School of Management's training course in Financial Advice, which lasts for a period of two years, and who pass the final exam will receive two qualifications: the Diploma in Financial Advice from IDEC (UPF) and the Certificate in Wealth Management (Spain) from the CISI.
CaixaBank Deputy Director General of Human Resources, Xavier Coll, said:
"Thanks to this agreement, CaixaBank promotes the professionalism of its employees in order to provide the best customer service, thereby helping to strengthen their trust."
Simon Culhane, Chartered FCSI and CISI CEO, said:
"We are delighted to work with CaixaBank and UPF Barcelona School of Management in this important and innovative project that demonstrates a commitment to the highest standards of professionalism and integrity."
Currently more than 5,000 directors and personal banking managers are doing this course and will be examined next November.
In addition, CaixaBank anticipates regulatory requirements that will occur with the arrival of the Banking Union and will be the first Spanish bank to certify the training of their employees both nationally and internationally.
Diploma in Financial Advice UPF
The UPF Barcelona School of Management is the business school of Pompeu Fabra University, a leader in the training of professionals in the banking sector in Spain and the only Spanish university on the Times Higher Education (THE) world ranking.
The Barcelona School of Management (UPF) Diploma in Financial Advice is a course that carries 30 ECTS (European Credit Transdermal System), the system adopted by all universities in European Higher Education to ensure consistency and quality of studies provided.
For its part, the Certificate in Wealth Management (Spain) is a hallmark of excellence, accredited by the CISI, which is recognised by the maximum regulatory body in Europe, the Financial Conduct Authority (FCA), and the main reference of the financial sector worldwide.
The Chartered Institute for Securities & Investment (CISI) mission is to establish standards of conduct, ethics and professionalism in the field of financial services. Its aim is to ensure that financial professionals have the most advanced technical training and the necessary management skills to ensure high quality wealth management services. The CISI was created by a group of experts from the London Stock Exchange and currently has more than 40,000 members in 110 countries.
The world's major investment banks have agreements with the CISI which require their financial professionals to hold qualifications accredited by the Institute. Banks such as HSBC, BNP Paribas, Credit Suisse, National Bank of Abu Dhabi, Citi Bank, UBS, Barclays and Deutsche Bank, benchmark their employees' level of expertise according to CISI technical standards.
The agreement with CaixaBank represents the consolidation of the CISI in the Spanish financial market, in partnership with their representatives in Spain, the Instituto Financiero IFA.