INSEAD inaugurated its landmark, S$55 million Leadership Development Centre in Singapore last week, completing the third phase of the school’s major Asia campus expansion. This year marks INSEAD’s fifteenth anniversary in Singapore at the same time as the country celebrates its own fiftieth year of independence.
The 10,000 square-meter center will raise capacity by 50% to meet growing demands for management and leadership education in Asia, and significantly increase the number of students, executives, top scholars and practitioners on-site.
Annually the Asia campus will welcome 500 MBA students, 5,000 executives, 90 Global Executive MBA students, and 200 participants enrolled in the Master of Finance program.
“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,” INSEAD Dean Ilian Mihov said at the inauguration ceremony, held January 15th-16th.
The Singapore campus is currently home to 63 permanent faculty hailing from 22 countries, and there are over 7,000 INSEAD alumni living and working in the Asia Pacific region. The expansion will allow the campus to build its complement of world-class faculty to 70, which translates into expanding research in areas such as emerging markets, Asian business leadership, global strategy and other areas of critical importance to the region.
“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,” says Andreas Jacobs, Chairman of the Board of Directors at the school, who believes these characteristics are what sets INSEAD apart from other business schools with outposts abroad.
“For companies and individuals to have an edge in today’s rapidly evolving global business environment, access to insights into the Asia Pacific region is vital,” adds Michael Pich, Dean of Executive Education. “INSEAD’s continued investment in Asia, home to many of today’s key emerging growth markets, helps businesses identify, understand and leverage the changing opportunities and challenges these markets present.”