The African Institute of Financial Markets and Risk Management (AIFMRM) is part of the Faculty of Commerce at the University of Cape Town and focuses on financial risk management in South Africa. Launched in January 2014, the Institute is funded by corporate partners in the insurance and banking industry. AIFMRM aims to establish itself and UCT as a leading academic institution for financial market and risk management entities across the continent. AIFMRM is committed to increasing the extent and depth of financial services expertise and addressing the skills shortage in the African banking, insurance and financial services industry. In this regard, AIFMRM has a specific transformation mandate.