my great pleasure to share with you the good
news of NUS Business School’s significant move
up the Financial Times Global MBA rankings
this year. We rocketed to 35th position this
year with strong showing in many important
areas such as career progression,placement success and international experience. We are also Singapore’s #1 MBA preferred by employers, according to the QS
Global 200 Business Schools 2009 Employers' Choice Survey. We are dedicated
to becoming an institution known for rigorous academia and international collaboration,
and as such are greatly encouraged by these plaudits.
We count ourselves fortunate that NUS Business School has had a wonderful start
to the year, and are hopeful this is a mere
taste of better things to come. Our international
reach continues to grow, our efforts and contributions
have received recognition, and throughout all
this we have been able to rededicate ourselves
to fundamental principles of responsible corporate
We congratulate Assoc Professor Andrew Delios and NUS Business graduate
student, Ma Xufei on their prestigious win of the International Business Review
(IBR) Best Paper of The Year Award, and NUS BBA double degree student Li Xiang
on earning the title U.S. Grand Champion of J.P. Morgan Trade Up.
We welcome visiting faculty, exchange students, and returning students,
who are a great asset to the intellectual vibrancy and cultural diversity of
our school; but we also bid a fond farewell to an esteemed colleague, outgoing
chairman of the NUS Business School Advisory Board Mr Hsuan Owyang.
NUS Business School recently hosted a public forum on sustainable development,
and is privileged to be a partner in this year’s Singapore Corporate Awards.
We hope to continue demonstrating our commitment to improve standards of corporate
governance and to educate students about business issues beyond the bottom
I wish a happy and prosperous new year to you all. May we strive to better
ourselves in the months to come.
Prof Bernard Yeung
Dean and Stephen Riady Distinguished Professor of Finance
NUS Business School
What a great way to start 2009! NUS Business School is growing from strength
to strength, having received accolade after accolade
since the beginning of the year.
Our most recent achievement came from the Financial Times Global MBA rankings
2009, where we leapt 46 spots to 35th place in 2009.
We scored well in several areas, including 11th place
for 'International Experience', 47th place for 'Career
Progression' and 63rd place for 'Placement Success'.
Our EMBA programmes also
scored a magnificent 20th place, placing us among the
top 20 business schools in the world. We are the first
and only Singaporean business school to be in the top
20 list in 2008. We were in the top 30 list in 2007.
NUS Business School is
also proud to be Singapore’s #1 MBA preferred by employers
worldwide according to the QS Global 200 Business Schools
2009 Employers' Choice Survey. We were ranked tops
in Singapore and 3rd in Asia, after INSEAD and Melbourne
More details on the press
Visitors to the NUS MBA Fair at Hyatt Hotel Singapore on 17 January 2009 were
treated to two exciting book launches – Financial
Crisis 2008 and Flying High In A Competitive
the launch of Financial Crisis 2008 was an insightful
panel discussion moderated by editor Prof Ivan
Png. The discussion focused on opportunities
that can be gained from the crisis.
Panelists included Mr Debanjan Sen, NUS MBA Class of 2001, Senior Director, Regional
Head of Human Resources, Société Genéralé Bank & Trust; Mr Lee Yow Fee, APEX-E Class of 2004, Managing Director of Investment
Services - Asia, State Street Bank & Trust Company; and Mr Ong Seng Yeow, UCLA-NUS Executive MBA Class of 2009, Executive
Director, Kim Eng Research Pte Ltd – all experienced
corporate figures who were keen to share their knowledge.
To launch Flying High
In A Competitive Industry, Assoc Prof Jochen Wirtz
and Assoc Prof Nitin Pangarkar took a fresh approach
with a talk on principles SIA used to maintain its
competitive edge despite stiff competition, applying
methods that were relevant beyond the aviation industry.
The fair saw more
than 300 prospective students enquiring about the
various MBA and Executive MBA programmes open for
Catch some of the
6—9 January 2009, NUS Business School held an
executive MBA segment for Korea University Business
School. Over 40 participants from engineering,
education, manufacturing, and other industries
found professional enrichment at the event.
The four days
were packed with enlightening lectures delivered
by NUS Business faculty members. In addition,
top home-grown brands such as Singtel, Asia-Pacific
Breweries and Singapore Airlines played host
to the visiting Korean contingent, conducting
special tours of their facilities. According
to an enthusiastic participant, ‘the visits were
a real eye-opener and helped me see how differently
respective businesses operate, yet attain similar
levels of success.’
25 years of unfailing service won honours for Mr Hsuan Owyang, as former NUS
Business School deans and alumni gathered at
NUSS Kent Ridge Guild House on 11 December 2008
in tribute to the outgoing chairman of the NUS
Business School Advisory Board.
In his opening
address, Professor Bernard Yeung, Dean of NUS
Business School, called Mr Owyang “a sharp, intelligent
and insightful individual”, but also emphasised
his humility. “Despite his many great achievements,
he is poised and unassuming, always respectful
to all around him,” Prof Yeung recounted.
Looking back at his
term at NUS Business School, Mr Owyang felt his 25
years of service went by like 25 days. He explained,
“I work with a group of wonderful people. And that
makes work very interesting. Credit should go back
to all the deans and faculty members.
lifted the School to a much higher level.”
The Financial Times
recently ranked the NUS MBA top 20 in the world.
Mr Owyang hailed this as the School’s “greatest achievement”.
“I am very happy that after 25 years of work, we
have seen something very tangible, something we can
all be proud of,” he said.
On the school’s development
after his departure, Mr Owyang set this challenge:
“How do you make what is good even better? That is
a very good question for the next generation.” Mr Owyang is set to
retire in San Diego, USA, but will remain emeritus
chairman and patron of the NUS Business School Advisory
Photos of the dinner
may be seen here.
Assoc Prof Ho Yew Kee will provide valuable additional input, and lead a team
of students assisting in the short-listing of
CFO nominees. The CGFRC will be involved in the
screening and short-listing processes for both
the CFO of the Year and the Best Investor Relations
were pleased to welcome the following faculty members
who visited NUS Business School in the month of
a) Professor Edward Zajac, Lim Kim San Distinguished Visiting Professor from Kellogg
School of Management, Northwestern University.
He visited the Department of Business Policy from
5 – 15 January 2009.
b) Michael Frese,
Visiting Scholar from University of Giessen, Germany.
He visited the Department of Management & Organisation from 14 – 21 January 2009.
c) Associate Professor
Remus Ilies from University of Michigan. He visited
the Department of Management & Organisation from 31 January – 6 February 2009.
Professor Ivan Png has been appointed as the new Head of Department of Business Policy with effect from 1 January 2009.
Prof Png has spent considerable time at both NUS Business School and School of Computing with wide experience in the corporate world, and he will be a valuable asset to the team.
NUS BBA double degree student Li Xiang has been declared the U.S. Grand Champion
of J.P. Morgan Trade Up, an online trading game
recently launched by J.P. Morgan. Li Xiang is a
double degree student in Bioengineering and Business
and is currently on exchange at University of Pennsylvania.
Trade Up is a competition open to freshmen, sophomores, juniors and first-year
MBA students from universities across the world,
where players buy and sell a range of securities,
including commodities, global currencies and Exchange
Traded Funds (ETFs) on a mock exchange.
Competing on behalf
of their school against peers from across the globe,
students build their portfolios and vie for weekly
prizes awarded to the individual with the highest
As grand champion,
Li Xiang has earned the privilege of getting his
resume personally looked at by a J.P. Morgan recruiter,
both for internship and employment opportunities.
NUS Business School extends our wholehearted congratulations.
and bum boat ride along Spore River!
It was certainly a vibrant initiation to their
NUS Business School organised a day full
of activity to welcome its new foreign exchange
students on 6 January 2009.
rounds to key personnel of the MBA programme
were conducted. Assoc Prof Susana Leong,
Vice-Dean of Graduate Studies; Lim Yue Wen,
Director of Graduate Studies, and Celia Wu,
Director of MBA Student Development Unit,
were the noted few among others to be introduced.
These sessions definitely prepared
the exchange students for an
exciting semester ahead. But it was not just
all work and no play. Students were taken
on a city tour of Singapore in the afternoon, visiting attractions
like Mount Faber, Kampong Glam, URA Gallery (where they
got a bird’s eye view of Spore), Merlion (near
Over 100 MBA students gathered for a “Welcome Back to School” luncheon on 16
January 2009. An initiative by the MBA Student
Development Office, these social luncheons open
every new semester and provide opportunities for
full and part-time students to mingle beyond the
At the start of the event, Deputy Dean Prof Kulwant Singh addressed the crowd
with a serious but warm speech. He expressed the realities of the current
economic recession, yet urged students to keep their
chins up by staying relevant and keeping abreast of the
latest global developments.
Chinese New Year is a huge event across Asia, and, hardly surprisingly, Chinese
MBA students in NUS Business School took
the initiative to organise a celebration
to usher in the Year of the Ox. Rumbling
stomachs were satisfied by a splendid catered
lunch, and guests were treated to an exciting
line up of performances and activities.
than 100 MBA staff, students and alumni,
including Vice-Dean of Graduate Studies Assoc
Prof Susanna Leong, joined in the festivities
on 23 January 2009 at the University Cultural
There’s a new club in NUS Business School – at least with a brand new name. As
of this semester, the former MBA Club is now known as
the MBA Student Council.
Srinivasan Varadhan, President of the MBA Student Council “We wanted to accommodate greater
roles and add a professional feel to the group. We also hope to create a vibrant learning-oriented environment with
interactive partnerships between students and faculty. Hence the move to rename the group was a natural decision."
The NUS Business School Alumni (BSA) retreat was held in NUS
Business School staff lounge on Saturday, 10 January
2009. It was a great opportunity for members
to recast their mission, core values and
guiding principles for the association.
Vision: “We will
bring business minds together to shape tomorrow.”
Mission: “We serve
as a bridging gap between the school and the community
where students and alumni come together to generate
and share ideas to help enhance the school’s reputation
Values to uphold:
“Excellence, charity and caring, integrity, respect,
accountability and humility.”
Dean Professor Bernard Yeung opened the session with his vision for the school. Prof Yeung’s key
goal was for NUS Business School to become
a first class research and training institute
within the next decade.
Chairing the session
was Mr Henry Kwok (BBA Hons 1969), Treasurer of
the NUSBSA and Global Partner of Haines Center
for Strategic Management. The retreat concluded with a closing speech by
Peter Tay, President of NUSBSA, and some light refreshments.
Class Giving 2008
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