Baiduri Bank Boosts Financial Planning Services
By Yusrin Junaidi

Bandar Seri Begawan - Baiduri Bank yesterday held a-graduation ceremony for a group of 23 personal financial planners including six branch managers who have successfully completed the Certificate in Financial Planning Programme offered by the Singapore College of Insurance.

Present at the ceremony was the guest of honour, Awg Hj Rozan Bin Dato Paduka Hj Mohammad, Deputy Permanent Secretary at the Ministry of Finance. Karine Kam, Executive Director of the Singapore College of Insurance, presented the certificates to the participants.

Speaking at the function, Pierre Imhof, General Manager ofBaiduri Bank, said, "Since the beginning of this year, we have made a strong progress in promoting personnel financial planning and encouraging Bruneians to save and invest for the future through our newly established wealth management unit."

He added, "Internally we want to ensure a high degree of professionalism and financial proficiency among our staff, in particular those who offer wealth management products to our customers.

"To take this step further, we introduced the Certificate in Financial Planning programme in August this year. This is part of Baiduri Bank's ongoing effort to enhance the skills and competencies of our staff. It is also in line with the new requirement mandated by the Brunei International Financial Centre (BIFC), which stipulates that only qualified staff members are permitted to offer mutual funds to customers."

He said that through this programme, Baiduri Bank staff would develop expertise and confidence in key aspects` of wealth management and financial planning.

The programme will also form an integral part of Baiduri Bank's comprehensive training curriculum for staff who are involved in offering investment products to customers.

The certificate programme was conducted by the Singapore College of Insurance, a leading institution actively involved in financial services education and the certification of insurance sales professional and insurance practitioners.

The College offers a wide range of professional designations including the Chartered Financial Consultant (ChFC) and the Chartered Life Underwriter designations.

The Certificate in Financial Planning Programme provides financial professionals with advanced financial planning knowledge and skills so that they are able to better assist their customers.

Upon completion of the programme, participants will be qualified to assist individual customers in assessing their financial standing, identifying their finances, wealth management and retirement planning.

The course paves the way to the Chartered Financial Consultant (ChFC) qualification, which has been awarded to more than 40,000 professionals worldwide.

This is the most extensive education available for a professional designation in financial consulting, providing the necessary knowledge for professionals to apply a comprehensive financial planning process to the full range of customer goals.

At present, Baiduri Bank offers two mutual funds, namely the SGAM Bonus Builder Fund and the SGAM Singapore Dividend Growth Fund.

It also offers a structured deposit, the Baiduri Twin Currency Deposit, and AIA endowment plans under its wealth management.  -- Courtesy of Borneo Bulletin

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