Malaysia faces Bumiputera analyst shortage, says minister

Updated 5 years ago · Published on 17 Nov 2018 1:52PM · 3 Comments

Syed Saddiq Syed Abdul Rahman says that out of Malaysia’s 800 registered chartered financial analysts and 93 certified financial risk managers, Bumiputeras account for only 115 CFAs and 15 FRMs, very low figures compared to Singapore’s 4,000 CFAs and 850 FRMs. – The Malaysian Insight file pic, November 17, 2018.

THE country is facing a shortage of Bumiputera chartered financial analysts and financial risk managers as Malaysia moves towards being a high-income nation, said Youth and Sports Minister Syed Saddiq Syed Abdul Rahman .

He said out of Malaysia’s 800 registered CFAs and 93 certified FRMs, Bumiputeras account for only 115 CFAs and 15 FRMs, very low figures compared to Singapore’s 4,000 CFAs and 850 FRMs.

“The government is aware of this situation and I applaud Yayasan Peneraju Pendidikan Bumiputera (Yayasan Peneraju) for taking the initiative to address the shortage issue by rolling out CFA and FRM programmes that provide not only funding opportunities but also value-added skills on top of the certifications for Bumiputeras to become qualified CFAs and FRMs,” he said in his keynote address at the Finance, Banking, and Investment Summit in Kuala Lumpur today.

Syed Saddiq said it is crucial that Bumiputeras challenge themselves and strengthen their capabilities, especially in high-paying professions.

“More analysts, portfolio managers, and investment bankers are required by the nation and the programmes are here to help address this issue,” he said.

Yayasan Peneraju chief executive Raja Azura Raja Mahayuddin said CFAs and FRMs are in high demand, notably in the financial services and investment sectors, which are among the fastest growing industries.

“These professions are critically needed to drive Malaysia to become a high-income economy,” she said. – Bernama, November 17, 2018.

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Comments

  • Hey Mangkuk ,

    Bumiputra includes Indians and Chinese.

    The Malays have difficulties because of their lack of English.

    Posted 5 years ago by Aran Thillainathan · Reply

  • Seriously and here I thought we are entering new Malaysia where all is equal. And this dude supposedly to be the modern and lesrned minister giving comments like this. So disappointing

    Posted 5 years ago by Sabahlass Wong · Reply

  • Bodoh la. Ini bukan isi tempat kosong. Kalau nak 4000 CFAs, kena pass exam la... kalau tak pass, 115 pun already a good achievement.

    Posted 5 years ago by Arshad Lazim · Reply