CISI launches global foundation with aim of improving financial literacy skills
Melanie May | 5 April 2022 | News
The Chartered Institute for Securities & Investment (CISI) has launched new global initiative, the CISI Future Foundation.
The not-for-profit professional body, which has 45,000 members in over 100 countries spanning wealth management, financial planning and capital markets, is allocating £2.5 million of its reserves to the Future Foundation.
The objective of the CISI Future Foundation is to improve financial literacy skills and the experience and outcomes of financial learning through the provision of grants.
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The Foundation will offer funding to partner with existing organisations, both in the UK and internationally, to work with young people from disadvantaged backgrounds, on new programmes or initiatives which align with the Foundation’s objective of increasing financial literacy.
The Foundation has its own governing structure separate from the CISI, with Nick Swales, DL, Chartered FCSI, Regional – Director North East, Rathbone Investment Management Ltd acting as the Chair.
The Board of Trustees will have between three and nine positions. Up to three of these positions are appointed by the Board of CISI and are filled by Alan Ramsay FCSI(Hon), CISI Deputy Chairman, Chief Executive, IPSX, Fionnuala Carvill, Chartered FCSI, FCIB, FCIS, Non-Executive Director, Investec Bank (Channel Islands), and Debbie Clarke, Chartered MCSI, Managing Director, New Clarke Ventures.
The remaining positions are now being recruited for from the CISI membership base, and there will be at least two independent Trustees.
Simon Culhane, Chartered FCSI, CISI CEO said:
“We are delighted to be launching our Future Foundation. Building young people’s learning and engagement with financial literacy and money management is an investment in their own personal financial futures. The CISI has offices and representatives in Qingdao, Barcelona, Dubai, Dublin, Lagos, Mumbai, Nairobi and Manila and 70 CISI staff in Colombo, Sri Lanka. The Foundation is therefore keen to consider initiatives and programmes from globally based organisations which match its values and objectives.”
About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.