Qatar - New initiative to promote sustainable finance skills for Middle Eastern youth

(MENAFN- The Peninsula) The Peninsula

Doha: A new initiative supported by HSBC and the University of Toronto's Rotman School of Management will promote the development of sustainable finance skills for university students in the Middle East. The four-month learning experience will focus on environmental and sustainable practices when making financial decisions. 

Teams of four students from forty-two universities in the United Arab Emirates, Oman, Qatar, Kuwait, Bahrain, Egypt, and Algeria will participate in two competitions; Rotman Portfolio Management Competition @ HSBC ([email protected] ) and Rotman International Trading Competition @ HSBC ([email protected] ). In both competitions, in addition to overall financial performance, students must consider ESG ratings in their trading and investing decisions. 

The initiative builds on the success of student trading competitions annually hosted by the Rotman School in Canada, Europe and Asia. Registration for eligible institutions is now open. 

The competitions give participants a unique opportunity to practice and perfect their decision-making skills using online platforms developed by the BMO Financial Group Finance Research and Trading Lab at the Rotman School. The Rotman Portfolio Manager (RPM) allows users to experience the financial markets in a real-time environment while the RIT Market Simulator and associated Decision Cases platform is an electronic exchange that matches buyers and sellers in an order-driven market on which decision cases are run. Both give participants an invaluable experience in a safe – yet high stakes – intellectually stimulating environment. 

“Sustainable finance is at the heart of global decision-making in finance, investment, and trading and this initiative will support the development of a new generation of responsible investors and traders in the MENAT region, which has one of the world's youngest socially- and environmentally-conscious demographics,” said Sabrin Rahman, HSBC's head of sustainability for Europe and the Middle East.

“The Rotman platforms allow participants to test their financial trading and investment theories in a realistic setting. Our goal for the initiative is to create a legacy in the future of sustainable finance by developing advanced skills in sustainability in the next generation of leaders in the region,” says Bachir Chehab, associate director of the lab at the Rotman School

In 2019, 2020 and 2021, Euromoney named HSBC as the World's and Middle East's Best Bank for Sustainable Finance, reflecting the strategic importance of sustainability to the bank and its customers. HSBC's leading ESG strategy in the Middle East is outlined below. 

Q Committed to net-zero across the region to engage with clients on ESG, sustainable finance, and their transition strategies. 
Q Played a role in every public green, social and sustainable bond issuance in the region, have spearhead the development of green trade and transition financing, and substantially increased our balance sheet of green, social and sustainable lending across the Middle East.
Q Engaged with all our stakeholders on ESG and supported regional regulators with increasing guidance and policies, developing thought leadership and regularly hosting an array of webinars on ESG themes for our clients and the wider sustainable finance sector. 
Q Launched and supported several social programmes that upskill and develop regional youth, SMEs, and those most in need of financial education.

The BMO Financial Group Finance Research and Trading Lab at the Rotman School of Management is designed to promote experiential learning: integrating markets, data and research with practice making financial decisions. The highly acclaimed RIT Market Simulator developed by the Lab is used by 60 universities and financial institutions around the world.

The Lab is utilized by classes in many of Rotman School programs including its Master of Finance, Master of Financial Risk Management, MBA, and Rotman Commerce programs.


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