Sunway University College signs MoU on FSTEP

Sunway University College (Sunway) and Institute of Bankers of Malaysia (IBBM or Institut Bank-Bank Malaysia) signed a Memorandum of Understanding (MoU) on 2nd December 2010 to establish collaborative efforts to develop academic exchange and co-operation in teaching, training, research and development in the financial services industry.

Our Student Services Department, the coordination unit at Sunway, has been commissioned to undertake the channelling of our graduates to the Financial Sector Talent Enrichment Programme (FSTEP).

The exchange of the MoU document between Ms Elizabeth Lee, on behalf of Sunway, and Mr Tay Kay Luan, Chief Executive Officer, on behalf of IBBM, was held at Lanai Kijang in the presence of Y.B. Dato’ Seri Mohamed Khaled Nordin, Minister of Higher Education of Malaysia, Y.Bhg. Tan Sri Dato’ Sri Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia, and Y.Bhg. Tan Sri Azman Hashim, Chairman of IBBM.

The FSTEP is one year fast-track training programme which begins with a six-month comprehensive classroom learning experience encompassing simulations, workshops, case studies and short attachments with financial institutions. The remaining and final part of the programme is a six-month internship with a sponsored financial institution. FSTEP is targeted at high caliber Malaysian graduates from both local and foreign universities with CGPA of 3.25 and above.

Front row, from left: Mr Tay Kay Luan, Y.Bhg. Tan Sri Dato’ Sri Dr Zeti Akhtar Aziz and Y.B. Dato’ Seri Mohamed Khaled Nordin. Second row, 3rd from left: Ms Elizabeth Lee

The MoU will also facilitate collaboration and inter-industrial linkage between FSTEP and Sunway in the areas of programme design, human resources, exchange of information and course materials of mutual interest which include case studies, inter-institution visits, sharing of research findings, staff exchange, organizing of local and international conferences, cultural and sports activities, corporate social responsibility activities, training development, exchange of knowledge on financial industry development and career fairs.

This venture will also creates opportunities for Sunway and IBBM to jointly further establish other forms of collaborations.