UK SII to launch Mumbai office

The move is to accommodate the growing number of Britain based financial services firms offshoring their operations staff to India.

The UK Securities & Investment Institute (SII) is all set to launch an office in Mumbai Thursday to accommodate the growing number of Britain based financial services firms offshoring their operations staff to India.

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Official sources here said that the SII Mumbai office would be based in the Commodities Exchange and that a local client liaison manager, Arwa Tapia, had also been appointed.

Tapia qualified as a chartered accountant in India with Deloitte and Touche.

SII Managing Director Ruth Martin said: "We are delighted to be opening our India office in Mumbai and very pleased that Arwa is joining us. Our member firms have made it clear that the training and competence levels of their staff in India is paramount to maintaining high standards of customer service.

"For example, our member firm, the global company International Financial Data Services (IFDS), is one of several firms which has put a number of its staff through our qualifications and training programme."

SII was formed in 1992 by members of the London Stock Exchange. Its mission is to set standards of professional excellence and integrity for the securities and investment industry, providing qualifications and promoting the highest level of competence to its members, firms and others.

The SII is now the pre-eminent professional body for those who work in the securities and investment industry in the UK. Over 16,000 members benefit from a programme of professional training and development.

The institute is the principal awarding body for industry qualifications and last year its examinations attracted 35,000 candidates.