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Business school INSEAD has opened the doors to a new $55 million Leadership Development Centre in Singapore.
Situated in Singapore’s Buona Vista “Knowledge Hub”, the new centre not only marks INSEAD’s 15th year in Singapore, but the 10,000 sq m building also brings the school’s total campus footprint to two hectares.
Combining world-class business research and a rich and diverse learning environment to further cultivate a global community of leaders, the Leadership Development Centre marks phase three in the school’s major Asia campus expansion.
“The Leadership Development Centre is a significant milestone for INSEAD in our continued global growth and commitment to providing relevant and locally-driven business education across Asia, and globally,” said INSEAD’s Dean, Ilian Mihov, at the inauguration ceremony in Singapore.
“We are proud to be a longstanding contributor to this thriving and constantly innovating global business centre. We owe much of our success here to the continued support of the Singapore Government and the Economic Development Board in particular.”
Dr. Beh Swan Gin, chairman of the Singapore Economic Development Board, said over the past 10 years Singapore has built up a strong ecosystem of business schools, leadership development specialists, HR consultancies and think-tanks to support the talent development needs of companies here and in the region.
“INSEAD’s Leadership Development Centre will further strengthen this ecosystem and develop leaders who can help their companies navigate the complex business environment today, harness the opportunities and overcome the challenges.”
The new centre also raises INSEAD’s capacity by 50%, helping the school to meet the rapidly growing demands for management and leadership education in Asia, and significantly increase the number of students, executives, top scholars and practitioners on-site.
“As a leading global business school, INSEAD’s multi-campus approach is unique in that it is established not simply to attract local students from each region, but to offer students worldwide a truly international education,” said Andreas Jacobs MBA’90D, chairman of the board of directors at INSEAD.
“At the core of INSEAD’s global offering is the large number of permanent faculty present on each campus, highly localised research and diverse mix of nationalities and cultures represented on each programme. This is what really sets INSEAD apart from many of the other business schools operating internationally today.”
In 2014, participants on the INSEAD Asia campus in Singapore hailed from over 60 countries, including 50 participants in the Asia Section of the Global Executive MBA and 2,500 executive education participants.
The new Leadership Development Centre will further establish Singapore as a hub for business education in the region while allowing INSEAD to offer a broader range of executive education programmes, both degree and non-degree.
With an emphasis on the Advanced Management Programme and Leadership courses, it will also expand the Global Executive MBA and Master of Finance programmes and catalyse the development of new specialised degree offerings.
Image, from left to right: Dr Andreas Jacobs, MBA’90D, chairman of the board of directors, INSEAD; Dr Beh Swan Gin, chairman of the Singapore Economic Development Board; Prof. Ilian Mihov, Dean of INSEAD; Prof. Michael Pich, Dean of Executive Education at INSEAD