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Singapore Wealth Management Institute Launches Asset Management Trainee Program

16th September 2020 | Hong Kong

The Wealth Management Institute (WMI) in Singapore, will be launching an Asset Management Trainee Programme to develop talents for the fast growing asset management industry.

Overview

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  • WMI launches Asset Management Trainee Programme
  • Supported by MAS, Collaboration with IMAS & SVCA
  • More than 120 traineeships at 27 asset management firms including GIC, Allianz, Amundi, Natixis, Schroders, KKR, TPG and Warburg Pincus

The program is supported by Singapore’s central bank Monetary Authority of Singapore (MAS), in collaboration with industry associations: Investment Management Association of Singapore (IMAS) and Singapore Venture Capital & Private Equity Association (SVCA).

In the first year of the program, more than 120 traineeships opportunities are available at 27 leading asset management firms in including GIC, Allianz, Amundi, Natixis, Schroders, KKR, TPG and Warburg Pincus.

” Wealth Management Institute Launches Asset Management Trainee Programme “

 

120 Traineeships at GIC, Allianz, Amundi, KKR, TPG and more

Portfolio Management

The Asset Management Trainee Programme will provide traineeships to more than 120 trainees in the first year of the trainee program at asset management firms including GIC, Allianz Global Investors, Amundi, Natixis, NN Investment Partners, Schroders, Brookefield Asset Management, CVC Capital Partners, KKR, TPG, Warburg Pincus, Hamilton Lane, Openspace Ventures and Jungle Ventures and many more.   (A total of 27 asset management firms have committed to the traineeship program)

 

WMI Asset Management Trainee Programme

 

The Asset Management Trainee Programme is supported by Monetary Authority of Singapore (MAS) and in collaboration with industry associations: Investment Management Association of Singapore (IMAS) and Singapore Venture Capital & Private Equity Association (SVCA).

The Wealth Management Institute (WMI) will curate a structured training programme to accelerate the training and development of aspiring asset managers to join the industry.  The training programme will be delivered in a work-study format, classes with on-the-job learning and rotations.  The program aims to accelerate trainees’ job-readiness by equipping them with foundation skills in asset management, technical skills in areas such as valuation, portfolio construction fundamentals, alternatives/private markets, to future ready skills such as data skills, fintech, impact investing and ESG.

The Asset Management Trainee Programme can tap government support schemes including WSG SGUnited Traineeship and Mid-Career Pathways Programmes, which provide up to 80% funding support on the monthly training allowance for Singaporeans and Permanent Residents, as well as the MAS Finance Associate Management Scheme which provides support for Singaporeans.

The programme will be taught by WMI’s pool of faculty consisting of leading industry practitioners and academics. The training programme will be practice-based, highly relevant and equips trainees with strong foundation skills and competencies to secure attractive future careers in the sector. The development of the curriculum and case studies will be guided by Expert Panels from the industry.

 

Asset Management Industry in Singapore

In 2019, over 100 new fund managers including traditional asset managers, hedge funds, private equity and venture capital were licensed or registered by MAS, bringing the total number of regulated managers operating in Singapore to 895.

” 895 Fund Managers and $2.5 trillion managed assets in Singapore “

In 2018, Monetary Authority of Singapore (MAS) survey on the Asset Management reported managed assets of $2.5 trillion (S$3.4 trillion) in Singapore.

 

Wealth Management Institute CEO, Foo Mee Har:

“I am excited with the strategic collaboration we have forged with the asset management industry to train a pipeline of local talent to seize the exciting opportunities in this growth sector. We have carefully curated the curriculum content with our industry partners which we believe reflect applicable, current and future skills. Importantly, our trainees will walk away with relevant leading edge industry techniques and best practices.

The trainees can look forward to a comprehensive training programme of at least 6 to 8 months, that is fully integrated with on-the-job training with the industry. With this collaboration, we hope to prepare a new generation of professionals to thrive in the future of asset management.”

 

MAS Deputy Managing Director, Jacqueline Loh:

“With the accelerated pace of digitalisation, positive outlook for private markets investing, and emerging trends such as Environmental, Social and Corporate Governance investing, the nature of jobs and skill sets required in asset management is evolving rapidly. WMI’s asset management talent development collaboration, endorsed by IMAS and SVCA, is a significant milestone for the industry, and will support long-term capability building and continued healthy growth of the industry.

MAS is supportive of this development as WMI’s efforts dovetail with our initiatives to support local professionals in strengthening their competencies. This ensures that asset managers have ready access to a quality talent pool and strengthens Singapore’s competitiveness as a pan-Asian asset management hub.”

 

IMAS Chairman and Schroders Singapore CEO Susan Soh:

“I am delighted with this new initiative that WMI has developed to further augment the talent development needs of our industry, through the introduction of the Asset Management Trainee Programme. I look forward to our long-term partnership, where asset management professionals will be able to access WMI courses via iLearn, IMAS’ online portal that centralises training programmes for the industry.

It is through such strategic collaborations where we can further drive the development of our industry, as well as strengthen the base of our talent pool together.”

 

Chairman of the Singapore Private Equity & Venture Capital Association, Dr. Thomas Lanyi:

“The objectives of this initiative to establish Singapore as a regional centre of excellence in the fast-growing fields of Venture Capital and Private Equity, and the ambition to contribute to the development of a well-trained pool of VC&PE professionals are much appreciated and supported by the SVCA and its members.”

 

 

About Wealth Management Institute

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.

Visit: Wealth Management Institute




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