The Asia School of Business (ASB) has achieved a historic milestone by debuting at No. 94 globally in the Financial Times (FT) Executive Education Custom Rankings.

In its very first year of participation, the institution became the first business school in Malaysia to enter the prestigious Top 100 Financial Times Custom Rankings.

This milestone marks a significant moment for the institution, reflecting the deep trust placed in Asia School of Business by diverse corporate partners and underscores the School’s commitment to executive learning engineered specifically for Asia’s unique leadership and organisational transformations.

The FT methodology relies heavily on direct stakeholder sentiment, with client and participant feedback accounting for 80% of the overall ranking across dimensions like programme design, teaching methods, and value for money.

Asia School of Business chief executive officer, president and dean Professor Joseph Cherian said the achievement is an extraordinary honour that significantly elevates Malaysia’s presence in the landscape of global business education.

“With the Financial Times methodology placing an immense 80% weight on client feedback, this ranking directly validates the genuine trust, real-world value, and transformational impact our corporate partners experience with us,” he said.

Asia School of Business anchors its executive education curriculum on five strategic pillars: Corporate Governance and Finance, Leadership and Management, Finance, Technology, Geopoliticsand Sustainability. These interconnected pillars are tailored to equip leaders with comprehensive insights into regional and global shifts, driving business transformation.

The global recognition validates ASB-ICLIF Leadership and Governance Centre’s defining ethos of “Global Inquiry, Local Heart” by combining world-class academic standards with deep, practical, on-the-ground relevance to Asian markets.

Professor Cherian said Asia School of Business’s executive education capabilities are specifically localized and deeply institutional that incorporates global networks while prioritizing emerging Asian market dynamics.

“This recognition builds on Asia School of Business’s broader trajectory of international benchmarking, including our AACSB (Association to Advance Collegiate Schools of Business) accreditation and growing global engagement.

“Moving forward, this milestone will catalyse our next phase of growth as we strengthen client listening mechanisms and expand our international footprint,” added Professor Cherian.

Beyond executive education, the School offers premier postgraduate degrees including the Master in Central Banking (MCB), MBA, Executive MBA (EMBA), and Agile Continuous Education (Micro-Credential) programmes (ACE). 

Asia School of Business equips graduates with real-world capabilities through its signature Action Learning methodology, ensuring graduates possess rigorous real-world capabilities, backed by robust career services that successfully place students in top-tier global and regional organisations.

Malaysia’s retirement challenge is becoming more about whether people are financially and psychologically prepared to sustain themselves through longer lifespans and rising living costs, and less about dividends paid by the Employees Provident Fund (EPF), the nation’s biggest pension fund.

It was an issue highlighted during a panel session at Asia Asset Management’s 14th Annual Malaysia Roundtable in Kuala Lumpur on May 5.

Panel members pointed out that Malaysia has one of the stronger mandatory retirement systems in Asia.

“We should recognise that our EPF is doing an excellent job. The fact that 24% of wages are contributed to retirement savings, and that it has managed the funds well, means Malaysia has actually done very well in this respect,” said Joseph Cherian, chief executive, president and dean of the Asia School of Business.

But panellists warned that many Malaysians still underestimate how much they need for retirement, and how quickly the money they saved can run out.

Taufiq Iskandar, chief executive officer of Private Pension Administrator Malaysia (PPA), the administrator of the Private Retirement Scheme (PRS), noted that only about 40% now meet the EPF’s basic savings threshold, leaving the majority financially vulnerable in retirement.

He said even retirees who have 1 million ringgit (US$249,500) saved could struggle to sustain their lifestyles over the long term.

EPF alone isn’t enough

Panel members pointed to a growing “retirement illusion”, where individuals see a large lump sum in their retirement accounts and assume it will be sufficient, without fully understanding how inflation, longevity and monthly spending can eat into the savings.

“There is money illusion. People see a large pot of money and think it is enough,” Cherian said.

Ageing demographics could intensify the pressure in coming years, especially as family support structures weaken and more workers shift into informal or gig-based employment.

The United Nations has projected that Malaysia will become an ageing nation by 2030, with the number of people 65 years and older making up 7% of the population.

Although the Malaysian pension system isn’t in “deep crisis” now, it does need structural changes, according to Ng Jit Seng, chief operating officer of Principal Asset Management

“I would not call it a very deep crisis yet, but we are entering a phase where structural changes and stronger savings behaviour are needed,” he said.

He noted that many Malaysians rely heavily on just the EPF instead of building broader retirement portfolios.

“EPF should form the core foundation of retirement savings, while PRS and other investments should complement it,” he said.

For Ismitz Matthew De Alwis, executive director and chief executive officer of Kenanga Investors, financial literacy is a big concern.

“I do not think there is a shortage of investment products or vehicles. The key issue is financial literacy,” he said.

He observed that many Malaysians, especially younger employees and gig workers, do not have long-term investing habits or the discipline to save consistently.

Fees and ETFs

The panel also debated the hidden impact of investment costs on long-term retirement savings.

Tan Haw Sin, founder and managing director of Riskk.Com, warned that high management fees could erode retirement wealth over time, particularly for long-term retirement products.

“At 2% annual fees over 30 years, you could lose more than half your wealth accumulation. The cumulative cost of wrapping and managing funds over the long term is actually very, very high,” he said.

He said lower-cost investments such as exchange-traded funds could help improve long-term retirement outcomes, but that ETF adoption in Malaysia is low compared with more developed markets.

According to Taufiq, funds on the PRS platform charge reasonable fees and that fee disclosures are very transparent. He said the PPA and Securities Commission Malaysia are actively working to further reduce costs.

He also said the PRS ecosystem is being restructured to become more account-based and could eventually include ETFs as investment options.

Ultimately though, the broader challenge may be more behavioural.

“Retirement is one of those things that creeps up on you. When you are young, you feel invincible, and before you know it, retirement arrives,” Ismitz said.

Originally published by Asia Asset Management.

ASIA SCHOOL OF BUSINESS VAULTS INTO FINANCIAL TIMES WORLD’S TOP 100 FOR EXECUTIVE EDUCATION

The historic debut recognises ASB’s mission to deliver world-class education built in Asia, for Asia and beyond.

The Asia School of Business (ASB) has achieved a historic milestone by debuting at 94^th globally in the prestigious Financial Times (FT) Executive Education Custom Rankings. In its very first year of participation, ASB is the first business school in Malaysia to enter this definitive global ranking.

This landmark achievement reflects the deep trust placed in ASB by diverse corporate partners and underscores the School’s commitment to executive learning engineered specifically for Asia’s unique leadership and organisational transformations.

Delivering Tangible Business Value

The FT methodology relies heavily on direct stakeholder sentiment, with client and participant feedback accounting for 80% of the overall ranking across dimensions like programme design, teaching methods, and value for money.

Professor Joseph Cherian, CEO, President, Dean and Distinguished Professor of Asia School of Business, expressed his enthusiasm: “Securing a position among the world’s top 100 custom executive education providers in our inaugural debut is an extraordinary honour for the Asia School of Business, and a significant milestone that elevates Malaysia’s presence in global business education. With the Financial Times methodology placing an immense 80% weight on client feedback, this ranking directly validates the genuine trust, real-world value, and transformational impact our corporate partners experience with us.”

Strategic Excellence Across Five Pillars

ASB’s executive education programmes are uniquely structured to address the most pressing challenges of the modern economy. The School’s curriculum is anchored by five strategic pillars designed to empower leaders with a 360-degree perspective on regional and global shifts:

1. Corporate Governance & Finance: Enhancing the skills of directors to effectively fulfil their fiduciary duties, with a focus on board-level risk management, strategy, and succession planning.
2. Leadership & Management: Equipping busy executives and high-potential managers across industries with the practical tools and insights needed to lead effectively in today’s complex world.
3. Technology: Immersing participants in the dynamic digital landscape, covering pivotal fields like AI and cybersecurity to understand how technology is reshaping global industries.
4. Geopolitics: Examining the interplay between global policies and economics, enabling leaders to anticipate geopolitical shifts and adapt strategies for resilient growth.
5. Sustainability: Moving beyond the buzzwords to help organisations strike a vital balance between profits and sustainable growth, progress, and future-minded impact.

Global Inquiry, Local Heart

This global recognition validates ASB’s defining ethos: Global Inquiry, Local Heart. Unlike traditional regional outposts, ASB operates as a homegrown executive education powerhouse built inside the region, significantly enhanced by the integration and legacy of the ICLIF Leadership and Governance Centre in 2020.

“Our capability has been built deeply and institutionally over the years to design executive education that answers to Asian market dynamics while staying globally connected,” added Professor Cherian. “This recognition builds on ASB’s broader trajectory of international benchmarking, including our AACSB accreditation and growing global engagement. Moving forward, this milestone will catalyse our next phase of growth as we strengthen client listening mechanisms and expand our international footprint.”

A Comprehensive Educational Ecosystem

Building upon this momentum, ASB continues to shape global knowledge from Asia for the world. Beyond executive education, the School offers premier postgraduate degrees including the Master in Central Banking (MCB), MBA, Executive MBA (EMBA), and Agile Continuous Education (Micro-Credential) programmes (ACE). Driven by its signature Action Learning methodology, ASB ensures graduates possess rigorous real-world capabilities, backed by robust career services that successfully place students in top-tier global and regional organisations.