With classes planned for the beginning in mid-2020, the program is designed to train central bank leaders for the future
KUALA LUMPUR: The Asia School of Business (ASB) announced its plans today to launch a Master of Central Banking program. The program will equip high-potential central bankers with state-of-the-art knowledge and skills to meet the challenges of complex economic and political environments. The intensive year-long residential program is offered in collaboration with the MIT Sloan School of Management. The program is currently under review by Malaysia’s Ministry of Higher Education, aims to start in mid-2020, with an inaugural class from central banks around the world.
“We believe that the ASB’s Master of Central Banking will support the advancement of talent development for central banks from around the world. In a rapidly changing and highly challenging environment, the demands on central banks are immense. Central bankers therefore need the capabilities to deliver the best possible policies and outcomes. Our program aims to contribute to building such capabilities,” says Dr. Zeti Aziz, former Governor of Bank Negara Malaysia and co-chair of the ASB Board of Board of Advisors.
Press Conference at the Launch of Asia School of Business Master of Central Banking Program
Professor Robert Merton, Nobel Laureate in Economics, will be amongst the many MIT faculty members who will teach in the program. He has also joined as co-chair of the program’s Advisory Board. Professor Merton said, “Our understanding of how to extract maximal information from financial markets has increased dramatically. ASB’s new program will provide the necessary tools and knowledge so that central bank leaders can access and use this information most effectively.” The Advisory Board, which held its inaugural meeting in Kuala Lumpur on Oct 1 2019, consist of former central bank Governors from nine countries across four continents.
Professor Charles Fine of MIT, who serves as President and Dean of the ASB explains, “The program’s design builds on the successful model of ASB’s MBA programs where we provide a modular curriculum taught by our resident ASB faculty complemented with frequent visits by MIT professors, plus an extended period in the US with courses on the MIT campus. With MIT’s deep strength in both technology and economics, and ASB’s networks across and beyond the ASEAN region, we are well positioned to address critical issues that interface with Asia and global market economies.”
“Every central bank around the world that could benefit from strengthening their leadership with this program,” stated MIT’s Professor of Practice Athanasios Orphanides, former Governor of the Central Bank of Cyprus and member of the program’s Advisory Board. “Even for central bankers with advanced graduate degrees, the technology and political dynamics of central banking are changing so fast, that all of us need to constantly update our knowledge and skills.”
Stanford-trained Professor Eli Remolona, who was the long-serving head for Asia and the Pacific at the Bank for International Settlements, serves as the Program Director. Along with the leadership of ASB, Professor Remolona has been working closely with faculty at the MIT Sloan School to develop the new program, which he describes as being “obsessed with central banking.” He promises that the program will be unique and distinctive and will be in a class of its own. The curriculum will be comprehensive, forward-looking and grounded in reality. “We are building a strong, diverse inaugural class. The response from central banks around the world has been extremely enthusiastic.”
For more information, please contact:
Pek Ee Siew
Director of Marketing, Asia School of Business
E: eesiew.pek@asb.edu.my
M: +6012-4353095
About Asia School of Business
Asia School of Business (ASB) was established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan Management to be a premier global business school, a knowledge and learning hub infused with regional expertise, insights and perspectives of Asia and the emerging economies. ASB is committed to develop transformative and principled leaders who will contribute towards advancing the emerging world.
To learn more about ASB and the program, please visit asb.edu.my/academic-program/master-of-central-banking