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The Institute of Banking and Finance (IBF) celebrated a momentous occasion with the launch of the IBF Golden Jubilee Scholarship for ITE students. This landmark signifies a significant leap forward in nurturing talent within Singapore’s financial sector. Spearheaded by Minister Gan Kim Yong, Deputy Chairman of the Monetary Authority of Singapore and Minister for Trade and Industry, the launch ceremony heralds a new era of collaboration, innovation and inclusivity in the realm of finance.
Minister Gan Kim Yong praised IBF’s five-decade legacy, highlighting its pivotal role since 1974 in fostering excellence and professionalism within Singapore’s financial sector. As the nation’s leading training institute for finance professionals, IBF has consistently equipped practitioners with essential technology, skills and insights for success in a dynamic global market. In this landscape, the pivotal role of IBF in shaping Singapore’s reputation as a leading financial hub and the importance of nurturing a robust talent pipeline to sustain the sector’s growth and resilience cannot be overstated.
The launch of the IBF Golden Jubilee Scholarship marks a significant milestone in IBF’s journey of excellence and innovation. This pioneering initiative aims to empower ITE students by providing them with access to unparalleled learning opportunities, industry exposure, and mentorship within Singapore’s vibrant financial ecosystem.
Through a combination of scholarships and internships, the programme seeks to nurture a new generation of finance professionals who embody the values of integrity, innovation, and inclusivity. The transformative potential of the scholarship in unlocking the untapped talent and potential of ITE students enriches the diversity and dynamism of Singapore’s financial workforce.
Moreover, the critical role of ITE in Singapore’s education landscape and economic development has been indispensable. Since its establishment in 1992, ITE has been a key provider of technical and vocational training, equipping students with practical skills and industry-relevant knowledge. The government’s significant investment in ITE reflects its commitment to fostering a skilled and resilient workforce capable of driving Singapore’s economic growth and competitiveness.
Minister Gan commended ITE’s unwavering dedication to excellence and innovation in vocational education and underscored the importance of leveraging ITE’s strengths to harness Singapore’s demographic dividend and propel the nation towards greater prosperity.
The IBF Golden Jubilee Scholarship represents a bold step towards expanding the talent pipeline for Singapore’s financial sector and fostering greater inclusivity and diversity. By providing ITE students with access to scholarships and internships, the programme aims to break down barriers to entry and create pathways for upward mobility and career advancement. The minister stressed the importance of cultivating a culture of lifelong learning and skills mastery, where individuals are empowered to pursue their passions and realise their full potential.
In addition to providing financial support, the scholarship programme aims to foster partnerships between financial institutions and ITE, thereby bridging the gap between academia and industry. Through internships and mentorship programmes, students will have the opportunity to gain invaluable hands-on experience and insights into the inner workings of the financial sector.
Stressing the importance of these partnerships in providing students with real-world exposure and networking opportunities, the minister acknowledged that these collaborations enhance their employability and career prospects.
Optimistic about the future of Singapore’s financial sector, he reiterated the government’s commitment to investing in talent development and fostering a vibrant ecosystem of innovation and excellence.
Minister Gan expressed his confidence that with determination, perseverance, and passion, ITE students would emerge as leaders and trailblazers in Singapore’s dynamic and ever-evolving financial landscape. He encouraged ITE students to seize the opportunities afforded by the IBF Golden Jubilee Scholarship and embark on a journey of discovery, growth, and transformation.
