The Singapore Management University (SMU) and BSE Institute Ltd. (BIL), a wholly owned subsidiary of the BSE Ltd., will collaborate to conduct training programmes and research on Asia’s financial and capital markets.  The partnership is formed against the backdrop of closer links between the financial markets of Singapore and India in recent years.

Under the partnership, the two parties will jointly design and launch Management Development Programmes (MDP) as well as offer postgraduate certificate programmes in areas related to financial markets, such as risk management, SMEs and family-owned businesses and executive leadership.  The two parties also agreed to conduct joint research, student exchanges and student internship.

On Tuesday, 8 May 2012, SMU and BIL, a wholly owned subsidiary of the BSE Ltd., Mumbai, India, signed a Memorandum of Understanding (MoU). The MoU was signed by Ambarish Datta, Managing Director and CEO of BIL, and Professor Rajendra K Srivastava, SMU’s Provost and Deputy President (Academic Affairs), at a ceremony which took place at BIL in Mumbai, India.

“That Singapore Exchange is a shareholder in BSE and more Indian corporations are taking to foreign loan syndication via Singapore are evidences of a trend of enhanced links between Singapore and India.  In the years to come, it will be absolutely essential for finance professionals and academics in both countries to understand each other’s capital markets.  This MOU enables such knowledge acquisition and exchange from both the practitioner’s and academic’s perspectives,” said Professor Srivastava.

He added, “SMU’s highly respected Research Centres and Institutes focusing on the financial services sector are well-positioned to carry out joint research with BIL.  BIL’s strong linkages with the Bombay Stock Exchange, on the other hand, is a huge advantage that brings great value to the partnership.”

Ambarish Datta also commented favourably on the agreement: “Singapore Management University has, in a short span of time, established itself as a leading institution in the field of business and management in Asia. Given that Singapore and Mumbai are the major financial gateways to Asia in addition to Shanghai – this collaboration will help students from both the countries learn from each other. BSE Institute brings market expertise to financial education and along with academic excellence from SMU, BSE Institute will give its learners a distinct advantage.”