Indian Bank's Association (IBA) has recommended AIWMI's CCRA certification in a report under the Committee for Capacity Building set by Reserve Bank of India (RBI)
In reference to the Reserve Bank of India’s letter DBR.No.BP.BC.4/21.03.009/2016-17 dated August 11, 2016 addressed to all commercial banks and all Indian financial institutions, a high-level “Committee on Capacity Building” has been set up by RBI under the chairmanship of Shri G. Gopalakrishnan, it has been recommended that the Banks should identify specialized areas for certification of the staff manning key responsibilities.
The Reserve Bank of India had requested IBA to identify in consultation with RBI, a list of courses and certification that will meet the certification requirements in Credit Management & Risk Management
The Certified Credit Research Analyst (CCRA) certification offered jointly by AIWMI and NISM has been recommended by IBA in this regard as one of the premier most professional certification for Credit and Risk Professionals.
NISM and AIWMI to jointly offer Certification in Alternative Investments
Mumbai, India April 8th 2017
National Institute of Securities Market (NISM), set up by SEBI and the nodal financial education body for other regulators, has partnered with the Association of International Wealth Management of India (AIWMI) a not-for-profit global financial certifications board, in launching a professional certification in Alternative Investments- the Certified Alternative Investment Manager (AIM) certification
Indian Association of Alternative Investment Funds (IAAIF) is the knowledge & content partner for AIM certification. IAAIF is a representative and advocacy body for the Alternative Investment Funds (AIFs) in India.
Alternative Investments Sector
In India, the Alternative Investments industry is increasingly getting on track to be a bigger force in the broader capital markets. Alternative investments are no longer just aimed at the super wealthy and institutional investors. An increasing number of clients across different segments are getting drawn to the significant benefits Alternative Investments can add to their portfolios by diversifying risk exposure away from traditional fixed income and equity assets.
The growing popularity of Hedge Funds, Private Equity Funds and other Alternative Investments among investors make this an opportune time for the professionals handling this asset type to ramp up their understanding and command on this exciting asset class.
The quest to generate long-run returns in good times and also post gains during the bad ones has taken on greater urgency following the bear markets of 2007-09. Investors are desperate for something that will protect their portfolios the next time stocks sink. This search has led to a rising interest in alternative investments like real-estate shares, gold stocks and commodities, as well as mutual funds and exchange-traded funds that employ strategies usually associated with hedge funds.
While alternative investments were once an option for only institutions, family offices and high net worth individuals, alternatives have become more mainstream over the last few years. Today, many financial advisors are introducing average retail investors to a wide range of alternative asset strategies.
In this backdrop, the Certified Alternative Investment Manager (AIM) certification has been designed to weave together the best global expertise & the national know-how through an intensive education program.
With 285 Alternative Investment Funds (AIFs) registered with SEBI and many more in the application stage, alternative investments is a very fast growing industry. Recognizing the need of bringing in professional standards and code of ethics, both AIWMI and NISM have come together to offer AIM certification.
The Certified Alternative Investment Manager (AIM) certification is an industry recognized standard for professionals advising alternative investments such as hedge funds, private equity / venture capital funds, real estate, and commodities either directly or through funds of funds. The certification has been developed based on rigorous academic research and on extensive discussions with industry practitioners. Indian Association of Alternative Investment Funds (IAAIF) – a representative and advocacy body of the SEBI registered Alternative Investment Funds (AIFs) is the knowledge partner for AIM certification.
“During the last couple of years, there has been a spectacular growth in the alternative investment market in India”, said Aditya Gadge, CEO – AIWMI. “Institutional and HNI investors have continued to pour money in to Alternative Investment Funds and the total commitments raised by AIFs stands at INR 65,012 crores as on Sept 30th 2016. Globally by 2020, assets in alternative investments are expected to grow to US $ 18.1 trillion from 10 trillion today”, he further added. “The competitive landscape in alternatives market is expected to get very fierce and there is a clear need for having professional qualification to handle rising investor interest. AIM certification addresses the need for qualified professionals in the context of the distinctive characteristics of alternative investment versus other financial products.
We are extremely delighted that NISM has acknowledged our work and agreed to jointly administed the AIM certification exam. They will certainly bring lot of industry relevant content and give immense credibility and acceptance to this certification”, said Aditya.
Association of International Wealth Management of India (AIWMI)
The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education.
National Institute of Securities Markets (NISM)
The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards of and increase the participation in the securities markets.
Indian Association of Alternative Investment Funds (IAAIF)
The Indian Association of Alternative Investment Funds (IAAIF) has been established as a non-profit organization, with the objective of promoting and protecting the interests of the Alternative Investments industry in India. IAAIF is committed to act as a representative & advocacy body devoted to promote transparency, professional standards and trust in alternative investments.IAAIF strives to promote the professional development of the alternative investments industry as well as facilitate interaction and collaboration among its members. The association also acts as a platform for dialogue on regulatory and policy issues pertaining to AIFs and building linkages among various stake-holders.