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HONG KONG, Nov. 16, 2011 /PRNewswire-Asia/ -- The Royal Institution of Chartered Surveyors (RICS) signed a Memorandum of Co-operation (MoC) with the Association for Real Estate Securitization (ARES) based in Japan during MIPIM Asia 2011 held in Hong Kong. The two leading professional bodies agreed to act in the public interest by building confidence and trust in their respective memberships, and fostering co-operation between the two bodies. This MoC agreement between RICS and ARES symbolizes the commitment of both organizations in promoting and developing property professionals in Japan.
The memorandum marks the beginning of a long term relationship between RICS and ARES, through effective and regular joint promotion of professional knowledge and training. The agreement will provide pathways for membership and services which all members can access.
RICS Chief Executive Sean Tompkins said, "By establishing a framework for enhanced professional development between our organisations, the MoC allows us to move to the next level in our development of education and professional standards in Japan."
Under the agreement, the two bodies will support and organize professional events and also work together to share and contribute information on industry guidance notes and research, as well as organizing study tours abroad.
ARES Executive Managing Director, Ichiro Makijima said, "Our members and the 4 600 ARES Certified Masters, accredited experts on the real estate securitization, have been doing businesses worldwide with the progress of globalization in real estate investment. We hope this agreement will broaden the opportunities for their global activities."
About RICS & RICS Asia
RICS is the world's leading qualification when it comes to professional standards in land, property and construction. In a world where more and more people, governments, banks and commercial organisations demand greater certainty of professional standards and ethics, attaining RICS status is the recognised mark of property professionalism.
Over 100 000 property professionals working in the major established and emerging economies of the world have already recognised the importance of securing RICS status by becoming members.
RICS is an independent professional body that since 1868, has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.
The RICS Asia supports a network of over 11 000 individual professionals across the Asia Pacific region with an objective to help develop the property and construction markets in these countries, by introducing professional standards, best practice and international experience. It promotes RICS and its members as the natural advisors on all property matters. It also ensures that services and career development opportunities are provided to members.
The RICS Asia region covers national associations and local groups locating in Brunei, Malaysia, Singapore, Thailand, The People's Republic of China and the SAR Hong Kong. It also has members working across the region such as Bangladesh, Bhutan, Burma/Myanmar, Cambodia, Indonesia, Japan, Kiribati, Laos PDR, Macao, Mongolia, Nepal, North Korea, South Korea, Taiwan, The Maldives, The Philippines, Timor East and Vietnam. For more information, please visit: www.ricsasia.org
About ARES and ARES Certified Masters
The Association for Real Estate Securitization (ARES), based in Tokyo, Japan, is an incorporated association with more than 300 member companies including Japan's major real estate developers, property managers, asset managers, construction companies, banks, securities firms, public-sector financial institutions, real estate appraisers, law firms, and accounting firms.
ARES's mission is to ensure the sound development of Japan's real estate securitization market while protecting investors, and its activities include research, policy recommendations, developing guidelines and regulations, complaints resolution support services, information services and education.
Since 2006, ARES has been working on training programs for real estate securitization experts: qualification system of ARES Certified Masters (ACMs). There are approximately 4,600 ACMs in the various fields related to real estate securitization businesses.
Media enquiry, please contact:
RICS Asia Public Relations Representative
Mr. Andy Hung
Tel: +852-2372-0090
Fax: +852-2372-0490
Mob: +852-9254-9250
Email: andy@creativegp.com
Public Relations Dept.
The Association for Real Estate Securitization (ARES)
Email: ares@ares.or.jp
Website: http://www.ares.or.jp/en/index_en.html
