20 Years of the ICMA Centre
30 July 2015
As the ICMA Centre celebrates 20 year's since the first graduating class, we take a look back over 20 year's of world class financial markets education.
In 1991, ICMA, (then known as ISMA) embarked on what has become a tremendously successful venture in the field of financial markets education. The International Capital Market Association sponsored a professorship in investment banking at the University of Reading in the UK, which led to the creation of the ICMA Centre. In line with the name change of the Association from ISMA to ICMA in July 2005, the Centre was renamed the 'ICMA Centre' from the start of the academic year 2005.
In the first year, 1994-95, we had 74 students studying for an MSc International Securities, Investment and Banking and only three academic staff. In the second year we had even more students and with the programme going so well, Professor Brian Scott- Quinn approached John Langton, as CEO of the Association, about ISMA contributing to the financing of a new building to enable further expansion and in 1998 the ISMA Centre building was opened by Sir Brian Unwin, President of the European Investment Bank. By now there were nearly 200 postgraduate students studying two masters’ programmes and a new undergraduate programme had been launched.
The Centre has gone from strength to strength since then with John Board taking over the Directorship from Brian Scott-Quinn in 2005 and driving forward not only the project for the extension to our building which was also financed by ICMA but a large number of very successful educational and business development initiatives. This success continued when Adrian Bell took on the role to allow John Board to become Dean of the Business School.
The ICMA Centre now has the benefit of being part of a larger and very successful triple accredited business school – Henley Business School. With around 500 students including our BSc and Doctoral Research programmes currently studying at the ICMA Centre the investment from ICMA has proved extremely worthwhile and has produced over 5,500 graduates from over 60 different countries. The range of ICMA executive education programmes offered through the ICMA Centre has expanded from the original 2 programmes to the amazing number of 40 and still increasing. In addition, the ICMA Centre’s own executive education programmes have expanded dramatically with clients ranging from major investment banks through regulatory agencies to trade associations around the world.
With over 100 terminals in three dealing rooms equipped with Thomson Reuters and Bloomberg, the ICMA Centre has the most extensive non-investment bank dealing room facilities in the world. So much so, that regular trading days are held in our dealing rooms for graduate trainees and other personnel of all the major investment banks.
The ICMA Centre was the first business school in Europe to have a dealing room facility of its kind and is still the only university with a facility on such a scale. They have always been an integral part of our teaching and learning style – our technology and facilities allow students to put theory into practice.
2015 celebrates the 20th Anniversary of the first graduating class in 1995 and little did we know then that from such small beginnings great ventures grow.