UTAR is FPAM-approved CFP education provider
Universiti Tunku Abdul Rahman (UTAR) and Financial Planning Association of Malaysia (FPAM) signed a memorandum of understanding (MoU) to offer Certified Financial Planner (CFP) certification programme.
The MoU was signed by UTAR President Ir Prof Academician Dato' Dr Chuah Hean Teik and FPAM President Wong Boon Choy, while UTAR Dean of Faculty of Business and Finance Dr Choong Chee Keong and FPAM Chief Executive Officer Chan Chow Hun signed as witnesses.
In a ceremony at UTAR Petaling Jaya Campus on 17 August 2012, UTAR Vice President (Internationalisation and Academic Development) Prof Dr Ewe Hong Tat, on behalf of Prof Chuah, exchanged the documents with Wong.
Under the MoU, FPAM appointed UTAR as an approved education provider for its CFP certification programme. Subject to conditions, UTAR students of Bachelor of Finance (Hons) and Bachelor of Business Administration (Hons) Banking and Finance are given maximum exemptions of three out of six modules of the programme. In addition, both parties will collaborate on research projects, sharing of expertise, programme development, study visits, and academic activities such as conferences and workshops.
"Incorporating the professional qualification in our course curricula ensures our students get the relevant qualifications and recognition and, as a result, the industry gets suitably qualified graduates as employees for both the local and global employment markets. For this reason, UTAR is pleased to work together with FPAM to uphold the professionalism of financial planning," said Prof Ewe.
"Through the MoU, FPAM will be able to introduce the CFP mark to a new generation who is about to enter the working world. As we know, the working world can be an exciting place, full of opportunities, yet it is also extremely competitive. Therefore, students need to be equipped with an extra edge in order to stand out and seize the opportunities available. This extra edge is the CFP designation," said Wong. He added that, according to Bank Negara, the wealth management sector was expected to experience an eight-percent growth within 2010 to 2020. With such growth the country would need more professionals with qualifications such as CFP.
Prof Ewe (second from left) exchanging MoU with Wong, while Dr Choong (left) and Chan look on.