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SIMA - History
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The London Stock Exchange Management Association (SEMA) was formed over 30 years ago and was previously known as the Stock Exchange Office Manager’s Association (SEOMA). SEMA worked closely with the Stock Exchange on the introduction of CHARM, Bargain Accounting and Talisman. SEMA went through an ‘image’ upgrade in the early 1990’s and became known as the Securities Industry Management Association (SIMA) which was instrumental in establishing practical support for the CREST initiative. In 1998, with a membership of around 300, the Securities Institute offered to take over and accommodate the interests of SIMA members. The association then ceased to exist as an independent representative body. The main aims of SIMA were to provide facilities where senior representatives from firms could attend open debates on industry developments, refer matters of general concern for consideration by other Association members and meet regularly with their peer group to compare notes. Early in 2004, Summerson Goodacre was asked to establish whether there was interest in re-forming SIMA. Following a very encouraging response, the association was re-formed and the first committee elected. The committee agreed that the association should be incorporated as a limited company and that all committee members should become directors of the company. Brian Winterflood was appointed SIMA president in 2004. |
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