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RQAM sets up study grants at NUS

20 May 2013

Mr Bishop (far right), Prime Minister Lee (4th from right) and RQAM shareholders, with representatives from the four universities, including NUS Office of Admissions' Director Mr R Rajaram (4th from left), at the cheque presentation ceremony

Financially strapped students will be able to access new bursaries being set up through a donation made to the endowment funds of the four Singapore public universities.

Raffles Quay Asset Management (RQAM), the manager of the Marina Bay Financial Centre (MBFC), marked the opening of MBFC on 15 May by making a S$1 million gift to the universities, including NUS. Mr Warren Bishop, Chief Executive Officer of RQAM, said it will be used to establish RQAM Study Grants to nurture the next generation of business leaders.

Professor Tan Eng Chye, NUS Deputy President (Academic Affairs) and Provost, said: "This generous gift from RQAM will enable NUS to offer more bursaries to our neediest students and make a real difference to their university experience. In addition to reducing their debt burden upon graduation, they will be better placed to take advantage of the many opportunities available at NUS, both inside and outside the classroom."

The announcement of the contribution was made at the opening ceremony of MBFC, the largest integrated mixed-use development in Singapore's new downtown. The ceremony was graced by Singapore's Prime Minister Mr Lee Hsien Loong and the shareholders of MBFC, as well as guests from key businesses, financial institutions and government agencies.