Scottish Investment Operations (SIO) wins Innovation Award for new Diploma in investment accounting

Scottish Investment Operations (SIO) won the Innovation in Education and Skills award at last night’s Scottish Financial Enterprise Innovators’ awards for its work on developing the first Diploma in Investment Accounting.
Scottish Investment Operations
Scottish Investment Operations
Oct. 30, 2009 - PRLog -- Alan Thornburrow, Chief Executive of SIO, said: “Scotland is a centre of excellence for investment accounting. This diploma was created after research showed an absence of qualifications for both new and experienced investment (or fund) accountants. We are very pleased to have this work acknowledged, particularly bearing in mind the calibre of other entries.”

The diploma will be delivered by two partners - the Chartered Institute of Bankers in Scotland and the Institute of Chartered Accountants of Scotland - and will offer for the first time a recognised and transferrable qualification in investment accounting. Prior to the creation of the specialist qualification, there was no industry-wide standard qualification for accountants working in investments or fund management. This kind of training was undertaken by individual companies in-house.

“The qualification will be marketed worldwide, with a focus on Luxembourg, Dublin and other key centres. Developing an industry standard will help companies attract and retain talent as well as give accountants who specialise in this area a recognised and transferrable qualification,” said Mr Thornburrow.

Other contenders for the award were Heriot Watt University for an MSc in Quantitative Risk Management and the Open University for a new Diploma in Financial Services. Full details at

Last night’s dinner, held in the Edinburgh International Conference Centre, was attended by around 650 senior professionals from across the industry. The award was presented by comedian Fred MacAuley and Scotsman business editor Bill Jamieson.


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