WMI reconstitutes as an independent education and research institute, with GIC and Temasek as Founding Members
01 September 2020

Singapore, Tuesday, 1st September 2020 - The Wealth Management Institute (WMI) is Asia’s Centre of Excellence for wealth and asset management education and research. Established in 2003 with the support of Temasek and GIC, WMI is driven by the vision to catalyse Singapore’s growth ambition to become a leading international wealth and asset management centre.


Since 2017, WMI operated as an autonomous institute within Nanyang Technological University Singapore (“NTU”). The Institute announced today that it will be reconstituted to be an independent education and research institute effective 1st September 2020.


With the reconstitution, the business of WMI under NTU will be carried on independently by a separate legal entity - Wealth Management Institute Limited - independent from NTU. Wealth Management Institute Limited (WMI), the new WMI, will carry on the Business and continue the mission and objectives of WMI. In this connection, NTU will novate, and new WMI will assume, all of NTU’s rights, benefits, interests, obligations and liabilities with the reconstitution.


Going forward, GIC and Temasek will continue to be WMI’s stewards as it charts new heights, as well as lead the Board of Trustees of the Institute, which will include a representative of each of GIC, Temasek and the Monetary Authority of Singapore (“MAS”).


The Board of Trustees of Wealth Management Institute Limited are as follows:

  • Mr. Lim Chow Kiat, Chief Executive Officer of GIC Private Limited (Chairman)
  • Ms. Png Chin Yee, Deputy Chief Financial Officer and Head of Financial Services of Temasek Holdings (Private) Limited
  • Ms. Jacqueline Loh, Deputy Managing Director (Markets & Development) of the Monetary Authority of Singapore
  • Mr. Edmund Koh, President of UBS Asia Pacific, UBS Group AG and UBS AG
  • Dr. Sung Cheng Chih, Chief Executive Officer of Avanda Investment Management
  • Ms. Foo Mee Har, Chief Executive Officer of Wealth Management Institute Limited


WMI will continue its academic partnership with NTU for their joint programmes such as Master of Science in Asset and Wealth Management and Artificial Intelligence & Machine Learning for Anti-Money Laundering Research Project.


With the reconstitution, WMI is well positioned to accelerate its growth ambition, expand capabilities and forge new partnerships. WMI’s mandate will be focused on practice-based education and research to build capabilities, advance knowledge and nurture innovation and expertise in wealth management, asset management and other disciplines related to financial services. WMI’s priorities will be closely aligned to industry needs and developments.


A series of exciting new programmes, strategic partnerships and industry collaborations will be announced in the coming months. In the first phase of the new development, WMI will be launching a 2-part Family Office Programme for Professionals to serve the burgeoning Family Office space. Structured for Family Office Professional Managers, Private Bankers and Relationship Managers, Trust Professionals and External Asset Management Professionals, the programme focuses on the expanding suite of family governance tools and structures, managing transgenerational family assets and investments and the role of the family office in that context.


About WMI


The Wealth Management Institute (WMI) is Asia’s Centre of Excellence for wealth and asset management education and research. Established in 2003 with the support of Temasek and GIC, WMI is driven by the vision to catalyse Singapore’s growth ambition to become a leading international wealth and asset management centre. We believe that advancing knowledge and capabilities can have a sustainable impact on value creation at an individual, institutional and national level.


WMI is appointed as Singapore’s Lead Training Provider for Private Banking by the Institute of Banking and Finance Singapore (IBF) and supported by the Monetary Authority of Singapore (MAS). Our programmes equip practitioners with leading-edge industry knowledge and advanced technical expertise through our comprehensive suite of practice-based programmes, covering investments, portfolio management, wealth planning, compliance to risk management. We connect rigorous academic theory with current industry best practice to ensure we provide global perspectives with an Asian focus. In 2019, WMI trained a record number of 17,000 finance professionals across 110 leading financial institutions from across 23 countries.


Media Contacts

Janice Poon

Tel: +65 6904 7314

Email: janicepoon@wmi.edu.sg


Chong Ee Rong

Tel: +65 9818 3699

Email: chongeerong@wmi.edu.sg

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