Wednesday, March 18, 2009

7city Learning Expanding Quant Education in the U.S.

PRESS RELEASE - FOR IMMEDIATE RELEASE

PRESS CONTACTS:

Cognito US
Binna Kim/Paul Damon
+1 646 395 6300
7city@cognitomedia.com

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7CITY LEARNING EXPANDING QUANT EDUCATION IN THE U.S.

- Firm responding to growing need for more rigorous education for financial engineers

NEW YORK and LONDON, 18 March 2009 - 7city Learning, a global financial services training company, today announced that the firm has achieved a milestone in the growth of its U.S. business. The firm's renowned Certificate in Quantitative Finance (CQF) course has welcomed its 250th U.S. student. Overall, the percentage of students in the U.S. taking the CQF has grown by 75% per annum since the initial course launch in 2003.

The jump in interest is seen as a win for the online learning industry. After winning a United States Distance Learning Award in 2008 for being a leader in distance training, 7city's range of live streaming portals, classroom recordings and tutor support has set new benchmarks for education in quantitative finance, along with higher training standards within the finance industry.,

Gil Christie, CEO of 7city Learning, says, "We're tremendously pleased at the success the CQF has experienced in the US. We encourage students to take advantage of learning from the CQF faculty, which is comprised of world-renowned practitioners and respected academics."

The Certificate in Quantitative Finance, developed through a partnership between Dr. Paul Wilmott and 7city Learning, has long been the financial services industry's top choice for educating quants in Europe and is rapidly becoming recognized as a necessity for quantitative finance professionals in the U.S. The U.S. student base has grown rapidly since course launch, now comprising more than half of the global CQF student population. Among the benefits to delegates, the CQF affords the opportunity to network with fellow alumni who hail from leading financial institutions around the world.

Dr. Wilmott, Co-Founder and Course Director of the CQF, says, "The recent downturn in the financial markets has brought to light the need for better education, even mathematicians and engineers who are already highly skilled but may not understand the nuances of the businesses they work in. The CQF program provides students with the practical, real-world experience they need to excel in financial engineering."

The CQF targets individuals working in, or intending to move into, derivatives, quantitative trading, or risk management. Delegates include professionals from hedge funds, asset management firms, and banks, many of whom are looking to hone their quantitative skills. As well, the CQF draws delegates from mathematics or science-based backgrounds outside of finance, who are exploring career options in financial services.

Dr. Wilmott continued, "Much of the market meltdown was due to the fact that these professionals never properly understood the financial markets and were, by training, more inclined to focus solely on the mathematics. Our course teaches professionals how to productively test their ideas and become better at understanding the very real market risks inherent in the work they do."

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Notes to Editors

ABOUT 7CITY LEARNING

7city Learning is a global financial services training company providing leading edge solutions for financial and professional skills training. Based in New York, London and Singapore and servicing a blue chip client base, 7city is at the forefront of learning and development and has been acknowledged for its innovative approach and level of professional service. 7city achieved The Sunday Times Virgin Atlantic Fast Track status in 2005, 2006, 2007, and 2008.

7city Learning is part of the 7city Group Limited.

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