Asian Financial Leaders Programme (AFLP)

Overview of AFLP

TMS Academy, the integrated leadership development arm of Temasek Management Services (TMS) and Singapore Management University (SMU) were jointly awarded the mandate by the Monetary Authority of Singapore (MAS) to develop the Asian Financial Leaders Programme (AFLP). The AFLP was launched in June 2015 at the Association of Banks in Singapore's annual dinner, where guest of honour, Deputy Prime Minister and Finance Minister Tharman Shanmugarathnam officially announced the inauguration of the AFLP. The AFLP is regarded as the flagship programme for developing senior-level talent in Asia's financial sector including banking, insurance, investments and private equity, to assume regional and global leadership positions and handle the growing complexity of Asia's financial institutions.

The AFLP leverages the strong design and execution expertise of TMS and SMU, and that of an external network of top-tier global partners who take participants through an impactful learning journey to both developed and emerging markets. Besides Singapore, participants attend sessions at world renowned institutions in Europe, the United States, China and South East Asia, where they have the opportunity to interact with world-class faculty, global thought leaders, eminent practitioners and regulators. Upon completion of the programme, participants will receive certificates from these institutions.

    The programme provides critical insights for senior-level executives in the financial sector to lead and grow their financial institutions. It also incorporates global and regional perspectives aimed to strengthen participants' abilities to understand the complexities of both regional and global economic landscapes. Some of the themes covered include:
    • Global Trends, Leadership, Ethics & Culture, Strategic Thinking & Execution
    • Growth, Governance, Customer Centricity, Risk & Wealth Management
    • Innovation & Disruption, US Regulatory Environment, Future of Financial Services
    • Operating and Regulatory Environment in Southeast Asia and China
    • Technology and Service Excellence

    Another distinct feature is the strong focus on the high-growth Asian financial markets of China and ASEAN. The AFLP will adopt an integrated pedagogy including an immersion component featuring site visits as well as discussions with regulators, leading financiers, think-tanks and thought leaders in both emerging and developed markets. It will provide an invaluable opportunity for participants to network with peers from across geographies and industries within the financial sector.

    Mr Tharman Shanmugarathnam, Deputy Prime Minister and Finance Minister, said, "This programme will take advantage of Singapore's strong and expanding linkages in the region, including ASEAN, China and India, and aim to strengthen those links through leadership development. The AFLP is aimed at equipping finance professionals aspiring to C-Suite roles with the knowledge and capabilities to operate effectively across diverse business, regulatory, and legal environments. Participants will be given the opportunity to learn from and interact with top policy-makers from the region and to also build networks with fellow financial sector leaders."

    Mr Ravi Menon, Managing Director of MAS, said, "We want to create a pipeline of Asian finance leaders who understand Asia and can lead Asian financial institutions. The AFLP will equip finance professionals aspiring to take on C-suite roles in Asian financial institutions with the knowledge to navigate the diverse business, regulatory, and legal environment in the region. Combining academic rigour with industry insights, the programme will cover key issues in finance from a global as well as Asian perspective. We look forward to the launch of the AFLP."

    Dr Tan Chin Nam, Chairman of TMS, said, "We are honoured to have been awarded this mandate by MAS jointly with SMU, and to have the opportunity to create a meaningful impact on the future of the Asian financial sector. The AFLP aligns perfectly with TMS Academy's mission of developing Asian business leaders."

    Professor Arnoud De Meyer, President of SMU, said, "Given our growing trade and financial networks within ASEAN, and with China and India, Singapore is in a unique position to develop deep pools of knowledge of these regions. SMU is honoured to participate in this endeavour led by MAS to groom senior executives of financial institutions. Leveraging our University's academic knowledge and expertise in Asian insights, this programme will enhance the participants' ability to implement effective strategies in Asia. We are also proud to partner with TMS on this project."

    TMS and SMU have had an excellent track record in working together on the highly successful Master of Science in Wealth Management, which is ranked second globally by Financial Times (FT) in its Masters in Finance Post-experience Ranking 2013.

    AFLP Press Release

    Deputy Prime Minister's reference to AFLP at ABS event