Students pocket Invaluable Investment Knowledge at Inaugural My Money @ Campus Seminar
Singapore, 21 October 2015… MoneySENSE, together with the Association of Banks in Singapore (ABS) and Securities Investors Association (Singapore) (SIAS), held the inaugural My Money @ Campus Seminar today. Hosted by the Singapore Management University (SMU), this is the first My Money @ Campus Seminar targeted at tertiary students between the ages of 17-25 years. More My Money @ Campus Seminars will be organised at other universities and polytechnics in the future.
2 The Seminar featured a special address by Guest-of-Honour, Mr Piyush Gupta, Chief Executive Officer of DBS, who shared his thoughts on the fundamentals of investment. Participants also had a chance to hold a dialogue with Mr Gupta on his personal experience in financial management in a 45-minute Q&A segment. The seminar also featured talks by speakers from SIAS, ABS and SMU on the theme of “Building an Affordable Investment Portfolio”. Participants were able to pick up advice on ways to hone their financial knowledge and investment skills from various guest speakers.
3 Mr Lee Boon Ngiap, Chairman of the Financial Education Steering Committee1 for MoneySENSE and Assistant Managing Director (Capital Markets), MAS, said: “Tertiary students are at an important juncture of their lives as they will soon join the workforce. Through My Money @ Campus, we hope to give students a headstart in learning how to manage future income, plan, save and invest for their financial wellbeing. We would like to thank our partners ABS and SIAS for collaborating with us to extend our financial education outreach to the local universities and polytechnics.”
4 Mrs Ong-Ang Ai Boon, Director of ABS, said: “ABS is pleased to continue the collaboration with MoneySENSE and SIAS in bringing the “My Money” seminars to the campus. It is imperative for young people to learn about investing and the various asset classes. As these are young investors, they can take advantage of the benefits from compounding and also a longer time horizon. ABS, together with other stakeholders, will continue to spearhead and support financial education among the young”.
5 Mr David Gerald, Founder, President & CEO, SIAS, added: “Investing has always been full of challenges but we can overcome them by being prudent investors. It is crucial that we reach out to young people to show them how. We need to prepare them early for their financial future. SIAS will continue to work with MoneySENSE, ABS and our other partners in equipping young investors with the know-how and skills to succeed in their investing journey.”
Notes to Editor
The Association of Banks in Singapore
The Association of Banks in Singapore (ABS) plays an active role in promoting and representing the interests of the banking community in Singapore. In doing so, ABS works closely with the relevant government authorities towards the development of a sound financial system in Singapore. Since its establishment in 1973, ABS has promoted common understanding among its members and projected a unifying voice on banking issues. It has brought its members closer together through various guidelines and banking practices as well as the support of projects of mutual benefit to face the challenges of the financial and banking community in Singapore. Today, ABS has a membership of 158 local and foreign banks. Further information on ABS is available on the website: .
Securities Investors Association (Singapore)
SIAS, a registered Charity and Institution of Public Character, is the largest organised investor lobby group in Asia, with almost 71,000 retail investors as members. It is run by a Management Committee comprising of professionals who are volunteers. It actively promotes Investor Education, Corporate Governance and Transparency and is the watchdog for Investor rights in Singapore. To-date, SIAS has since year 2000, successfully organized over 1000 investor education programmes ranging from basic investment seminars for novices to certificate courses for investment savvy investors. Thus far, about 140,000 retail investors have benefited from these programmes, which are offered largely free. Members are educated on the features of investment products, and the attendant risks involved in each product. Investors are taught to make informed decisions on investing. SIAS is able to provide a variety of investor education programmes to its members and the investing community at large through collaborative arrangements with financial institutions and listed companies interested in investor education as part of its corporate social responsibility agenda.1 The Financial Education Steering Committee (FESC) comprises representatives from the Ministry of Community Development, Youth and Sports, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board, and People's Association. The FESC provides strategic direction and oversees financial education programmes in Singapore.