New Wealth Management MBA At Top UK Business School

Tax-News.com, London

26 June 2002

The International Wealth Management sector now has its own distance-learning MBA, as the Manchester Business School, in partnership with IFM and in association with Central Law Training, the Society of Trust and Estate Practitioners and the International Trust Companies Association, offers a world-class specialist MBA programme designed for wealth managers, fiduciaries and trustees.

IFM, the School's distance-learning programme partner, is now accepting applications for the September intake of the new MBA for Wealth Managers, Fiduciaries and Trustees. The programme complements the School's range of specialist distance-learning MBAs, the longest-running being the MBA for Financial Specialists, which is available throughout the world. With over 1,200 graduates, this distance-learning MBA and IFM have earned an international reputation. The specialist MBA for Wealth Managers is modelled on the MBA for Financial Specialists, with additional modules tailored to the needs of this sector.

The MBS distance-learning MBAs use a proven method that combines the best of distance learning and face-to-face tuition, offering a flexible study route to the MBA. The learning format minimises disruption to participants' work and personal lifestyles while enhancing career development.

Bill Howarth, director of Central Law Training, said, "I am delighted that the wealth management industry is being offered the opportunity to study for a global MBA from a world class institution that concentrates on the special needs of the industry. A focused, flexible wealth management programme linked to international banks, organisations and firms is a first for a major international university. The programme has been received with great enthusiasm from the professional bodies, potential delegates and international employers."

The dramatic growth in the global wealth industry is shown in the projected increase of private wealth holdings from US$30 trillion in 2001 to US$44 trillion by 2004. Alongside this growth is the commitment by organisations such as the Society of Trust and Estate Practitioners and the International Trust Companies Association to enhance standards of professionalism and management throughout the industry.

"MBS offers a range of distance learning and part-time postgraduate programmes that allow busy professionals to study for a higher degree while continuing with their other working activities," said John Arnold, dean and director at MBS. "The School also provides programmes tailored to the needs of particular sectors. I am delighted that this new MBA programme for wealth managers satisfies both criteria."

"With this latest initiative IFM expands its offering of global MBA programmes into professional sectors. Through our association with Central Law Training the new programme will be available to private banking managers worldwide with the endorsement of STEP and ITCA," said Bob Henry, executive director of IFM.

The Society of Trust and Estate Practitioners (STEP) is the professional body for the trust and estate profession and currently has in excess of 8,500 members. STEP has branches throughout the world, including Australia, the Bahamas, Barbados, Bermuda, the British Virgin Islands, Canada, the Cayman Islands, Gibraltar, Guernsey, Hong Kong, Italy, Ireland, the Isle of Man, Israel, Jersey, Luxembourg, Monaco, the Netherlands, New Zealand, Scotland, Singapore, South Africa, Switzerland, Turks and Caicos Islands and the United States.

The International Trust Companies Association (ITCA) was formed by major financial institutions with international trust businesses to pool expertise on issues affecting the international trust environment, such as trends in government legislation, regulation and communication.

Central Law Training is the UK's leading provider of post-qualification legal training. Running over 3,500 events annually throughout the UK, Europe and the Far East, it provides both public and in-house training for qualified lawyers and support staff and cutting edge conferences. In 2001 over 100,000 delegates attended CLT courses.

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