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National Colleges and Universities Teaching Informationization Seminar and 2010 Cerbibo Users Conference Singapore Management University (SMU) 全国高校教学信息化研讨会暨2010年赛尔毕博用户会 27 – 30 October 2010, Hangzhou, Zhejiang, China 新加坡管理大学 Winning Partnerships for Undergraduate and Professional Education Incorporated on 12 January 2000 Set up as Singapore's first private university offering a style of education modelled after US academic model Associate Professor Annie Koh Six schools: the School of Accountancy; Lee Kong Chian School of Business; (PhD, New York University) Associate Professor of Finance School of Economics; School of Information Systems; School of Law; and School Dean, Office of Executive & Professional Education of Social Sciences Academic Director, International Trading Institute Houses 15 research institutes and centres, most of which are collaborations with Singapore Management University Email: firstname.lastname@example.org industry partners, including International Trading Institute International Trading Institute (ITI) Initial push for International Trading Track 国际贸易学院 and International Trading Institute International & commodities trading sector in Singapore faced manpower issues: To be the premier industry platform for thought leadership Over reliance on foreign talent in the arena of international & commodities trading Lack coordinated approach to developing local talent Lack platform to position Singapore as industry thought leader First in the world Delivering education and training to be set up within a university (Singapore focused on international trading at Management University) with specialist focus professional/executive and on international trading undergraduate levels International Trading Track (ITT) was launched in Singapore Management University in 2006. Unique public-private Conducting and disseminating high Undergraduate specialization to groom fresh young talent for the collaboration quality applied research with an international trading & commodities sector. between International Enterprise Singapore, Asian flavour SMU and leading industry partners Engagement of industry partners Providing capability development in advisory role and funding towards consultancy services for trading Building on the success of ITT, International Trading Institute (ITI) was undergraduate programme firms in Singapore and the region set up in 2007 with seed funding from Singapore Government 4 Highlights of ITI’s key achievements Public‐Private Partnership model for ITI Started with International Trading Track (ITT) in 2006 for undergraduates at SMU, to International Industry Partners develop young talent for the international and commodities trading industry. Enterprise Singapore ITT has been increasingly perceived as premier track of choice for SMU undergraduates – in-take grew from 22 in 2006 to ~100 currently High placement rates for ITT graduates, majority recruited by trading & related companies, including our Industry Partners Currently pool of 20 ITI Industry Partners and growing ITI executive course offerings have grown from initial 4 to 14 courses in 2010. More than 250 executives trained in 2009 Wide spread of applied research projects with topics ranging from commodity trading simulation to commodity finance and trader’s psychological profile Building recognition through ITI Guest Lectures and participation in industry events (eg. International ITI networking events, Global Trader Summit, Carbon Forum Asia etc.) Trading Institute, SMU Motivations and contributions in PPP model Support from Industry Party Motivations Contributions Amajaro Singapore Lee Foundation/Regional ITI Industry Partners BP Singapore Rubber Government • Promote Singapore as • Provide political support, (IE Singapore) hub for leading initial funding and Chemoil Energy Noble Group international traders. industry facilitation. Concordia Agritrading Olam International Private Sector • Corporate social • Provide advice through ITI ConocoPhillips Shell Eastern Trading (Industry Partners) responsibility. Advisory Council Emirates National Oil Stemcor • Access to talent pipeline • Sponsorship funding for ITT Company Standard Chartered Bank University • Enhance SMU’s cutting‐ • Drive operation and BNP Paribus/Fortis Bank Swiss Singapore Overseas (ITI/SMU) edge capabilities in development of Trading InterChem Enterprises education and research Track and ITI. Toepher International Asia • Offer neutral platform for International Enterprise industry engagement and Singapore Trafigura collaboration. Koch Refining Vitol Asia International Womar Logistics Developing young talents through Engagement with Industry Partners International Trading Track (ITT) ITI Advisory Council Amajaro Singapore BP Singapore BNP Paribus/Fortis Bank Chemoil Energy Concordia Agritrading ConocoPhillips ENOC InterChem IE Singapore Koch Refining Noble Group Olam International "We are constantly developing our talent pool to ensure that our Shell Eastern Trading Stemcor Standard Chartered Bank company continues to grow in the fast-paced world of commodity trading. The International Trading Institute is our partner in Swiss Singapore Trafigura Vitol Asia talent development at both the undergraduate and professional Womar Logistics levels." Concordia Agritrading Pte Ltd ITT Sub- Marketing Sub- Research Sub- “The trading programme gave me a great deal of exposure to Committee Committee Committee various elements of a trading career.” Cheng Xinkai (2008 graduate; employed with Cargill International Trading) Integrating International Trading Track (ITT) into SMU curriculum Experiential learning under ITT ITT was launched in 2006 as specialist track for undergraduates with Finance major housed under Lee Kong Chian School of Business. Overseas industry study missions (China, Middle East, Indonesia, Vietnam, Malaysia etc.) Industry-related seminars and talks; networking sessions with industry 7 required courses for ITT players, commodity trading simulation sessions (under Finance major): Corporate Reporting & Sites visits eg. Shell Bukom refinery, Jurong Island, Platts, Prima flour Analysis of Financial mills etc. Statements* Law of International Global & Financial Instruments, Business Business Regional Trade can be Active ITT student club – Merchants’ Club Institutions & Markets* Major Options Studies doubled counted for Trade Finance (5 courses) (3 courses) (2 courses) GRS ITT sub-committee (consisting of Industry Partners) provides invaluable Analysis of Derivatives advice and feedback on development of the track from industry Securities perspective Enterprise Risk Management Shipping Business Law of International Trade * Compulsory for Finance 36 course units required for graduation. major Double degree programme requires additional CU. Experiential learning under ITT Experiential learning under ITT Practical working experience through internships with trading companies commodities trading companies (especially oil and agri- commoditiy sectors) & related sectors such as shipping & logistics, trade finance. Companies which ITT interns/graduates have worked at include: Sorting cocoa beans Coffee tasting ISM Indonesia, 2008 ISM Vietnam, 2009 Bunge Noble Cargill Louis Dreyfus Concordia Shell ConocoPhillips Sopex Asia Emirates National Oil Stemcor Company Simpson Spence & InterChem Young IDS Logistics Trafigura Olam and many others… ITT Networking event On-board Handymax carrying wheat Continuing Training & Education for Industry Continuing Training & Education for Industry To complement International Trading Track, ITI also offers professional training for industry: Professional Education (public enrolment) courses for 2010 Oil Trading & Risk Management Nov 18 ‐ 19 2010 • Comprehensive coverage of major commodities/products from oil & gas and agri- International Oil Trading Fundamentals Nov 24 ‐ 26 2010 commodities to emerging products such as emissions Shipping Business Fundamentals Mar 9 ‐ 11 2011 trading Petroleum Refining & Economics for Trader Mar 17 ‐ 18 2011 • Operational functions such as trade finance, Commodity Market Investment Mar 1 ‐ 2 2010 shipping, international trading law etc. Agri‐commodities Trading Fundamentals Mar 3 ‐ 5 2010 Futures, Options & Derivatives (for Energy Industry) Mar 23 ‐ 24 2010 • Public courses and customised programmes tailored to meet the specific needs of individual LNG Market Developments and Trading May 24 ‐ 25 2010 organisations Energy Derivative Operations and Controls ‐ From front May 26 ‐ 27 2010 office, mid office, to back office • Expanding course offerings through Oil Tanker Chartering Jul 28 ‐ 29 2010 collaborations with Education Partners (eg. Energy Management Institute, Institute of Chartered LNG Market Developments and Trading Aug 27 ‐29 2010 Shipbrokers) Petroleum Refining & Economics for Trader Oct 6 ‐ 8 2010 Building knowledge – focus on applied research Building knowledge – focus on applied research A Tool for Psychologically Profiling Traders Anil Gaba, Professor of Decision Sciences, Dean of Faculty, INSEAD ITI aims to be a leading centre for applied research into trends and J. Neil Bearden, Assistant Professor of Decision Sciences, INSEAD developments in international trading with a distinctive Asian focus. Allan Filipowicz, Assistant Professor of Organisational Behaviour ITI-funded research projects should create significant impact and have Commodity Finance – A Primer & Cases practical application to the industry. Prof Annie Koh, Associate Professor of Finance, SMU Maureen DeRooij, COO, Origination and Client Coverage, Wholesale Banking, Standard Chartered Bank Yong Meng, Adjunct Faculty, SMU • Research proposals are evaluated by the ITI Research Sub-Committee Singapore, the Energy Economy – From the First Oil Refinery to the comprising of industry players. End of Cheap Oil • Published results will be shared via various channels such as public forums Ng Weng Hoong, EnergyAsia and/or research reports. Creating a Better Commodity Trading Simulation - A Multi-Agent • We invite global firms to be our partners in commissioned projects or as Approach Cheng Shih-Fen, Assistant Professor of Information Systems, School of Information participants in collaborated research. Systems, SMU Supply Chain Management in Multi-Product Firms with Fixed Proportions Technology Onur Boyabatli, Asst Professor of Operations Management, SMU Paul KR. Kleindorfer, Ahneuser-Busch Professor Emeritus of Management Science, Wharton Events in 2009/2010 Growing recognition of ITI & ITT 17 Sep 2010 Guest Lecture Series: Wheat Price Volatility 18 Dec 2009 MOU on shipping training programme signed The Business Times 23‐30 Apr 27 Oct 2009 Black or Yellow gold? Channel NewsAsia 4th SE Asia Grain Transportation Conference: Shipping and Supply Chain – The Next Decade 2010 14 Sep 2009 Oil price 'could again exceed US$100 next year' The Straits Times 23 Apr 2010 Guest Lecture Series: Effective Risk Management‐ Thinking Big Enough Experts say oil prices could rise to US$85 by end‐2009 Channel NewsAsia 22Apr 2010 Visit to Prima Flour Mills (ITT) 8 July 2009 Educating future shipping magnates The Business Times 23 Mar 2010 Traders Networking Evening 27 May 2009 S'pore set to boost status as energy hub The Straits Times Role of SWF in Southeast Asia: A panel discussion on how the Sovereign Wealth Funds influence 16 Mar 2010 Commodities sector set for big boost The Business Times businesses in South East Asia Wilmar International Professorship in Commodities Business 28 Apr 2009 Spreading the flow The Business Times 12 Jan 2010 Booms and Busts and Spikes in Commodity and Shipping Markets 22 Apr 2009 S'pore in fast lane as maritime hub The Business Times 17 Dec 2009 ICS‐ITI MOU signing ceremony at ICS' Annual Cocktail 10 Feb 2009 Protectionist measures can push US deeper into recession: Expert The Straits Times 6 ‐ 10 Dec 09 ITT Industry Study Mission to Malaysia Stern Stewart: American recession to last till second half of 2010 Lianhe Zaobao 6 Nov 2009 Guest Lecture Series: Hedging and Risk Management in Petroleum and Agri‐Commodities Markets Investor Jim Rogers takes issue with US policies The Business Times 30 Oct 2009 Guest Lecture Series: Bubble, Bubble, Toil and Trouble ‐ An Introduction to Momentum‐Based Technical Charting US must avoid trade barriers, say experts my paper 26‐27 Oct 09 Carbon Forum Asia 2009 Asia should brace itself for protectionist policies from US, Europe Channel NewsAsia 07 Oct 09 Guest Lecture Series: Ahead of Kyoto ‐ The Chances For A Global Emissions Markets, Fact or Fiction? 26 Jan 2009 ITI sees continuing demand for training in trading The Edge Singapore 07 Oct 09 Visit to ChemGallery at Jurong Island 9 Jan 2009 SMU to offer professional courses in energy and shipping Channel NewsAsia 25 Sept 09 Guest Lecture Series: Trading in the Global Iron & Steel Industry ‐ The Cargill Perspective January 2009 The Growing International Trading Space at SMU SMU Hub Growing recognition of ITI A few words from industry and students On ITI Professional Education courses: “… Overall I appreciate the real‐life examples shared by the trainer to explain the theory.” “Highly informative and instructive” “Very good introductory course in grains operations” On ITT students: “She has done many things in her time here… she has done swaps assessments on her own… she got the assessments right every time after just one try. Nice job!“ “…the workings of your organization which certainly produced very impressive results. We had been conducting interviews for the past 2 days and other graduates couldn't hold a candle against any of yours.” On ITI seminars/talks: “Thank you for organising such a great event, I enjoyed it hugely. “Congratulations to a job well done...I lap up every single minute of it...” “Thanks so much for your seminar yesterday ‐ it is both interesting and thought provoking.” Looking Ahead – Collaboration with other institutions Invitation to universities, institutions, research organisations to develop academic partnerships with ITI/SMU THANK YOU Particularly in the field of international and commodity trading Focusing on Asian region eg. Taiwan, China, India etc. For more information on International Trading Institute, Some examples of collaboration: please visit University of Petroleum and Energy Studies, India – Global Energy MBA www.smu.edu.sg/centres/iti Programme INSEAD (Singapore Campus) – Research collaboration Contact us at email@example.com (65) 6828 0430 Singapore Management University 90 Stamford Road #04-27 Singapore 178903 www.smu.edu.sg/centres/iti
"International Trading Track _ITT_"