Asian Financial Leaders Programme (AFLP)

Run one of the AFLP has completed. We are now taking registration for the third run. Dates for the modules will be announced shortly.

    Programme for the AFLP run one is as follows:
  • Module 1: 23 – 26 November 2015, Singapore
  • Module 2a: 30 May – 2 June 2016, IMD, Lausanne, Switzerland
  • Module 2b: 6 – 9 June 2016, The Wharton School, Philadelphia, USA
  • Module 3a: 20 – 22 July 2016, Jakarta, Indonesia
  • Module 3b: 25 – 27 July 2016, Tsinghua University School of Economics and Management, Beijing, China
  • Module 4: 26 – 29 September 2016, Singapore
  • Certificates from TMS-SMU, IMD and Wharton on completion
  • Fee: S$46,000 (before GST) per participant
  • Fee for Singapore citizens, who are employees of Financial Institutions and are sponsored by their organisations, is only S$4,600 (before GST) per participant after a 90% subsidy from The Financial Sector Development Fund (FSDF)

AFLP Press Release

Senior-level Asian financial leaders: C minus 1 or C minus 2 executives who are on the path to leading financial institutions in a variety of sectors including banking, insurance, investments, policy, regulatory and private equity.

AFLP Faculty Leads

Neo Boon Siong
Module 1 Academic Lead

Neo Boon Siong is the Canon Professor of Business, Dean of the Nanyang Business School and Director of the Asia Business Case Centre at the Nanyang Technological University, Singapore.

Boon Siong is a leading expert in public sector governance, business strategy, process management and organisational change. He has advised many major corporations, facilitated strategy workshops, and led management development programs for government leaders and global enterprises. He has conducted well-received executive programmes, facilitated strategic planning workshops, and advised senior managers of many organisations, including Citibank, UBS, AXA, MayBank, China Construction Bank, Temasek Holdings, DBS Bank, UOB, OCBC Bank, Hanjin Group (Korea), Great Eastern Life Insurance, Economic Development Board, Trade Development Board, and the Monetary Authority of Singapore. He has served on the Boards and councils of many distinguished institutions including Public Accountants Board, Securities Industry Council, ICPAS, EDB's Enterprise Development Council, and Singapore College of Insurance.

Salvatore Cantale
Module 2a Academic Lead

Salvatore Cantale is Professor of Finance at IMD. His major research and consulting interests are in value creation, valuation, and the way in which corporations structure liabilities and choose financing options. Additionally, he is interested in the relation between finance and leadership, and in the leadership role of the finance function.

He has published in international double-refereed journals. One of his research papers, "Bank Capital Requirements and Managerial Self-Interests," was nominated for an Outstanding Paper Award at the Southern Finance Association.

Before joining IMD, Salvatore was an analyst with a large investment bank in London, Faculty Director of the Master in Finance and Master in Risk Management at Tulane University's A.B. Freeman School of Business, a member of the Yale International Institute for Finance, and a Research Fellow at New York University. He currently serves as advisor on the Board of the Goldring Institute of International Business at Tulane University. Salvatore holds a BA in Economics and Finance from Universita' di Catania, Italy, and a Master's Degree in Management and a PhD in Finance from INSEAD.

Nihat Bülent Gültekin
The Wharton School
Module 2b Academic Lead

Nihat Bülent Gültekin is a professor in the Finance Department of The Wharton School. He is the former Governor of the Central Bank of the Republic of Turkey. He received his BSc. degree in Mechanical Engineering from Robert College, Istanbul, has a Master of Business Administration degree from Bogazici University, Istanbul, and a Ph.D. in Finance and Statistics from The Wharton School, University of Pennsylvania, Philadelphia. He joined the Finance Department of The Wharton School in 1981, and had previously taught at the Graduate School of Business at the Tuck School of Dartmouth College, University of Chicago, Koç University and INSEAD.

Professor Gültekin has published extensively in scientific journals on economics, banking, corporate finance, capital markets, privatization, and economics of transition to market economies, and taught at various executive education programs all around the world. He served as the President of the European Finance Association in 1989. He has advised a number of governments, government agencies, and policy makers, including the Ministry of Finance in Indonesia, Governments of Uzbekistan, Kazakhstan, the Capital Market Board of Turkey, Istanbul Stock Exchange, United States Agency for International Development. He was an advisor or consultant to the United Nations, OECD, Joint Vienna Institute, Istanbul Stock Exchange, Institute of Banking of the Saudi Arabian Monetary Agency, and the International Finance Corporation. He served as consultant for Morgan Stanley, Goldman Sachs, Merck and Co., Citicorp, Merrill Lynch, American Bankers Institute, Arab National Bank, NatWest Markets, Garanti Bank, The Corporate Office in Dubai.

Benedict Koh
Module 4 Academic Lead

Benedict Koh is Professor of Finance (Education) and Associate Dean of the Lee Kong Chian School of Business at the Singapore Management University. He was previously the Director of the Centre for Silver Security at the Sim Kee Boon Institute for Financial Economics. Prior to joining SMU, he was Vice Dean and Associate Professor of Finance and Accounting at the National University of Singapore (NUS) Business School. He graduated with a Ph.D. in Finance from The Wharton School of the University of Pennsylvania. Benedict started his academic career with NUS in 1985. Prior to joining the academia, he was a corporate banker at the Chase Manhattan Bank N.A.

Benedict has served as board member of NUS Academic Staff Pension Fund and associate editor of the Asia Pacific Journal of Finance and Asia Pacific Journal of Management. He is active in management consultancy as well as executive training for banks, companies and government agencies. Organisations that he has consulted or conducted training programmes for include ABN-AMRO bank, Allianz, Capitaland, Citibank, DBS Bank, EDB, GE Life, GIC, Hong Leong Group Bhd, IBM, ING Bank, Johnson &Johnson, JTC International, KK Hospital, Keppel Land, Keppel O&M, Lubrizol, Manulife, MICA, MSIG, NCC, NHG, NOL, Norsk Hydro Group, Prudential, Raffles Medical Group, Royal Brunei Airlines, Schneider, SGH PGMI, SIA, Singhealth Group, SNEF, Swiss Reinsurance, UBS and Visa.

David Lim
Vice Chairman, South East Asia
Bank Julius Baer & Co. Ltd.

"The combination of the European and US segments which provided a diversity of key management concepts whilst also tackling some of the key current topics in the financial market place including the discussion on Fintech, banking regulation and the industry landscape though the various company visits provided me with many engaging moments of discovery, discussion and now, follow through in practice."

Ravi Manchanda
Chief Executive Singapore
Westpac Banking Corporation

"This inaugural AFLP course, spread over five international locations, was nostalgic as the course made us reflect on the banking landscape in Singapore and think of the future of banking here. What is clear is that change is here to stay and especially in banking - we will witness the inter-connectivity of artificial intelligence which will improve speed in decision making - making the bank of the future a virtual experience. My cohorts, the leaders of tomorrow will still be here, despite advances in automation which cannot replicate intuition, creativity, innovation, compassion, imagination and trust. These will continue to be the DNA of our future selection of leaders. Our connections and bonding together was the mainstay of this batch of cohorts, together with both the TMS and SMU staff who did a superb job keeping our journey exciting and alive. We thank them deeply. I know that with the kind of training and learning provided, Singapore will survive strongly as an innovative financial hub."

Gary Chan
Managing Director
Head of Corporate Banking, CitiBank Singapore

"The inaugural AFLP curriculum was well structured and provided an outstanding learning experience with world-class faculty and exercises. For most modules, the quality of the speakers and their generosity in sharing their knowledge and experience is highly appreciated by all. The depth of experience and expertise that each attendee brings from different parts of the financial sector created a truly diverse and engaging learning environment for the class. I look forward to applying what I learned from this prgram in my career development and more importantly, share relevant lessons learned with my team. Last but not least, the opportunity to be able to network and work together with a group of people is priceless. "

Johnny Heng
Managing Director
Chief Investment Officer, Wealth Management, Asia ex-Japan Nomura Singapore Limited

"It has indeed been a privilege to be part of the first batch of AFLP participants. The diversity of participants from the various segments of the financial industry is one key strength of the programme. I doubt there is another programme that offers the same level of diversity, experience and intensity. As the programme grows and matures, I am confident that it will play a significant role in helping to develop Asian financial leaders who are global in thinking and local in expertise."

Philip Lim
Head of Retail Banking Singapore
ANZ Banking Group Limited

"This is a program which really widened my perspective with exposures to better understand the latest trends in Europe, US, North Asia and South East Asia. It has been very rich in learnings and really worth my time investment. I greatly appreciate the MAS sponsorship for 90% of the program costs as I know this is unprecedented and an investment of the government in developing the talent of Singaporeans."

Lim Leong Guan
Managing Director
Head, Investment Products and Services, Singapore and APAC Hub UBS AG

"This was a once in a lifetime opportunity to network and share ideas, and challenge my mindset, together with some of the best and brightest from the financial industry in Singapore, and some of the best minds in academia from around the world."