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13 BAIDURI STAFF MEMBERS RECEIVE CAPITAL MARKET SERVICES REPRESENTATIVE LICENCE
5 February 2016
Bandar Seri Begawan, 5 February 2016. The first batch of senior financial planners from Baiduri Bank recently undertook a one month study course at the Centre for Islamic Banking, Finance and Management (CIBFM) leading to the Capital Market Services Representative License (CMSRL).

After successfully completing the assessment paper, the group, comprising 13 Baiduri Bank financial planners, received their well-earned certificates in a presentation event held at Baiduri Capital, Kiarong last week. The certificates were presented to the CMSRL graduates by Mr Ti Eng Hui, the Deputy CEO of Baiduri Bank, in his capacity as director of Baiduri Capital.

Mr Peng Eng Soon, General Manager of Baiduri Capital said, "With growing public awareness on the importance of financial planning to achieve long term personal financial objectives, the demand for financial planning products and services is rapidly increasing in this country and because of that, we will continue to introduce new products and services to meet customer needs."

"Under the Securities Market Regulations, some of our current business activities, such as securities trading, investment advice and the sale of Unit Trusts require that our financial planners obtain their CMSRL prior to providing these services to our customers, and for that reason we are putting our staff through this certification."

"This CMSRL certification will allow us to offer a host of services that include retirement, insurance, investment and education planning, gap analysis, portfolio reviews, financial health checks and risk profile assessment", added Peng.

Elaborating on the customer experience objectives, Peng said, "We aim to instil a level of confidence in our customers to trade through us. These qualified financial planners will be stationed at strategic Baiduri Bank branches throughout Brunei so that customers can easily have access to them. The branches are Kuala Belait, Seria, Serusop, Times Square, Supa Save Gadong, Sengkurong, Kiulap, Kiarong and also at Baiduri Capital in Kiarong.  We are also planning to have more of our financial planners obtain the CMSRL in the near future."

Also present at the certificate presentation event were Pg Azaleen Pg Dato Haji Mustapha, Head of Retail Banking and Branch Network and Ms Veronica Chong, Senior Manager of Human Resources and Finance, as well as other management and staff of Baiduri Bank and Baiduri Capital.

Baiduri Capital, a wholly owned subsidiary of Baiduri Bank, was registered under the Securities Market Order 2013 and Securities Market Regulations 2015, and was officially opened in September last year offering securities trading services.  A number of products and services which were previously offered under Baiduri Bank will gradually be offered under Baiduri Capital under a portfolio transfer arrangement.

In February last year, AMBD issued the Securities Market Regulations (SMR) – the implementing guidelines for the Securities Market Order (SMO). Under the SMO and SMR, before an individual can deal with the public on specific investment services and units trusts, he or she must be CMSRL certified.

For more information, call 2268825 or visit Baiduri Capital at Unit 9, Ground Floor, Block A, Kiarong Complex.

Baiduri Staff Members Receive Capital Market Services Representative Licence
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