ACI Financial Markets Association (ACI) has announced the appointment of two additional professional roles to enhance its educational and attestation offerings.
Paul Chappell has been appointed director of education and will be supported by deputy director for education, Rui Correia.
Together, ACI says, the two men they will be responsible for delivering the association’s strategic educational initiatives to its global membership.
ACI says it has “gone through a period of evaluating and streamlining its vision and focus to reflect the current needs of financial markets and the individual members it represents”.
It adds that the internal changes reflect the evolution in financial markets, global regulatory reforms and the industry’s focus on conduct, education and training.
Chappell was long time global head of foreign exchange at Bank of America before leaving to establish his own currency management firm C-View, of which he is currently chairman.
Correia spent 26 years in a variety of markets related roles in banks before becoming a certified trainer for ACI’s suite of examinations in Portugal, where he was also a member of ACI’s local board.
Brigid Taylor, ACI FMA managing director, says, “We are delighted to have acquired the expertise of two experienced professionals to take up the roles of director of education and deputy director of education. These appointments reiterate ACI FMA’s focus on educating and training our members, and ensure efficient and optimal value is created for our members, who are represented across 64 financial centres globally.
“ACI FMA seeks to meet the educational needs of its members by developing relevant education and training solutions that are accredited and valuable across all financial markets where the association is represented,” she continues. “These full-time positions will add valuable leadership to our efforts as we continue to develop and implement a dynamic and relevant education offering of professional qualifications, driving learning and development solutions for financial market participants worldwide.”
ACI FMA board of education chair Oliver Madden, says, “ACI FMA’s suite of qualifications and learning tools, such as our long-established Dealing Certificate and Dealing Simulation Courses, the more recent ACI FMA FX Global Code Certificate qualification and our ongoing e-learning and attestation services portal, ELAC, fully support current market pressures to demonstrate knowledge of, and adherence to, industry standards of conduct and best practice. With dedicated resources and the benefit of Paul and Rui’s market knowledge and expertise, we will be able to deliver better products and solutions and support market participants to meet internal and external competence and adherence obligations.”
Speaking to Profit & Loss, Chappell says, “I took on the job because I firmly believe the industry has a requirement for more education and guidance as it faces evolution and challenges in the current environment and I consider that I can make a contribution to this. The industry needs to realise the value of the educational tools available from ACI FMA, from exams, through the on-line attestation facility ELAC, to specialist and higher education in the dealing simulation course and diploma – they are essential in an era of Codes of Conduct and adherence- and I want to get that message out.
“We face a period in which not only does a new generation need training and educating to a much broader and deeper level than before, but we have the requirement to maintain our levels of compliance and knowledge as markets and technology evolve, and that’s where ELAC really helps,” he adds.
“ACI FMA recognises that whilst volunteers remain vital to the association and its work, there is simply too much involved now in ACI’s education suite to try to do it all on an ad hoc basis,” Chappell continues. “Together with Rui, we wish to ensure the association is at the forefront of helping the industry prepare for the next challenges, not just the ones they face today. One of the easiest ways to show you are doing something about understanding evolving markets is by having staff take the Global Code exam and use ELAC.
“The ELAC questions have to be current and relevant and, probably, more complex that the Global Code examples,” he adds. “ACI FMA is in a great position to do that.”