Lee Byers seeks to boost number of Malaysian Financial Advisers

Malaysians are being targeted by Lee Byers Financial Services to join their training scheme, in a bid to increase the proportion of locals working as Independent Financial Advisors, the firm announced.

Online PR News – 23-December-2010 – – The nationalisation initiative aims to boost local business by ensuring the staffing-mix meets every customer's needs, according to the newly appointed Sales Manager, Mark Whitehouse, who has taken up a newly created role at Lee Byers' head office.

The new role will see him offer additional support, training and coaching to the Lee Byers team in Malaysia, enabling them to increase their service offering to clients.

Lee Byers hopes to attract 'business aware' Malaysians, who it pledges to train as financial independent advisors, in line with Malaysia Investment regulations that came into force over the summer.

"This is Malaysia and so we should be recruiting more members of the local population. It is often easier for people to speak to people who are of the same nationality - certainly it is important that we have a strong team of Malaysian speakers if we are to provide the best possible service to our local clients,"

said Whitehouse, who joins Lee Byers after five years working in the insurance arm of HSBC and American Express in Hong Kong.

"We would like to see our team be made up of many more Malaysian Financial Advisers as part of our exciting growth plans. We are looking for men or women who are business aware, it's not about your academic qualifications, but about your approach to the role," Whitehouse added.

Regulatory changes introduced by the Central Bank of Malaysia in August made it mandatory for all Independent Financial Advisers to pass the internationally recognised Award in Financial Planning.

The tailor-made qualification, which is available in English and Malaysian, was developed by the UK's Chartered Insurance Institute (CII) and the Malaysian Institute of Banking and Finance. Malaysia is the first country in the Asia to make such qualifications mandatory.

Lee Byers, which has offices in Malaysia, has run in-house CII accredited training for its people for the past six years. As a result the majority of Lee Byers advisors working in the head office are already CII qualified.

"We are ahead of the game on training and ensuring that our advisors have the correct internationally recognised qualifications. I am 100% behind the new regulations, because the more qualified financial advisors are, the higher quality of service we can offer, and the more respect the public has for the industry," Whitehouse said.

Whitehouse is an professional with qualifications from the Chartered Insurance Institute in the UK, with some 20 years worth of experience gained in the UK and Hong Kong.