DBJ, JSE launch certificate programme in alternative investments
Development Bank of Jamaica and the Jamaica Stock Exchange signed an MOU for the professional course at the JSE’s 14th Regional Investment & Capital Markets Conference.
The Development Bank of Jamaica (DBJ) and the Jamaica Stock Exchange (JSE) signed a Memorandum of Understanding (MOU) for the development and delivery of a series of Alternative Investments Certificate courses and workshops for professionals in the capital markets.
The signing took place last Wednesday JSE’s 14th Regional Investment & Capital Markets Conference, held at the Jamaica Pegasus Hotel.
Audrey Richards, Project Coordinator of the Jamaica Venture Capital Programme (JVCP), under whose portfolio the MOU was created, stated: “It is to be noted that private equity, as an asset class, has increasingly gained traction on the local landscape, with entrepreneurs and local businesses becoming more receptive to equity financing as an alternative source of funding. This is significant when taken against a previously debt-centric environment.
“On the supply side, local capital market players have also become more receptive to the inclusion of private equity and other alternative investments in their portfolios and this is good for the Jamaican economy.”
The MOU will see the JSE, through its eCampus, developing a series of standardized certificate programmes targeting stakeholders within the capital markets.
Two distinct courses will be offered – Beginners Guide to Alternative Investments (basic) and Alternative Investments for Professionals for the intermediate level.
“Jamaica’s Stock Exchange has been rated amongst the best in the world, and we, at the DBJ are proud to be partnering with the JSE as we seek to build the knowledge level of all markets stakeholders within this emerging industry,” said Milverton Reynolds, Managing Director of the DBJ.
“As the industry expands and new persons are being employed in the sector, it is critical for them to be trained, have knowledge of, and be exposed to, new developments and international best practices. This is the objective that the certificate courses will address,” he said.
For her part, Marlene Street-Forrest, JSE Managing Director, said: “We are very pleased to be partnering with the DBJ once again, as both organisations are focused on ensuring that players within the capital markets are properly equipped to transfer knowledge and add value to our clients. These training programmes are designed specifically for that purpose.”
The training programmes are to be delivered in a blended format which includes face-to-face and online sessions through the eCampus portal. The first workshop is scheduled for February 5, 2019, at the Knutsford Court Hotel in Kingston.