Dec 16, 2021
The Institute of Banking and Finance Singapore (IBF) today held their IBF Distinction Evening 2021 which recognised financial institutions and practitioners for their professional excellence and contributions to the development of Singapore’s financial sector and its workforce.
The “IBF Distinguished Fellow” and “IBF Fellow” awards were conferred on 32 recipients in recognition of their professional mastery, outstanding thought leadership and exemplary contributions to the financial services industry, while three financial institutions were honoured with the “Inspire Award” and one financial institution with the inaugural “Advance Award” for their workforce transformation efforts in the past year.
At the awards ceremony, Guest of Honour Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, delivered the keynote address about the future of the financial services industry and the importance of upskilling and reskilling to be future-ready.
“Re-skilling/upskilling our workforce is a continuous effort to ensure skills relevance to changing industry needs. We need to build a stronger pipeline of talents for the financial sector, particularly in technology and in growth areas like Green Financing. Of equal importance, individuals must be encouraged to prioritize training and take ownership of their own skills development. I believe that with our close industry partnership as the foundation, we will be able to successfully forge ahead.” said Mr Ng Nam Sin, Chief Executive Officer, IBF.
Five industry veterans were conferred the prestigious “IBF Distinguished Fellow” award. Another 27 financial practitioners were recognised and conferred “IBF Fellow”. The awards recognise finance industry leaders who had made significant contributions to the development of Singapore’s financial sector through their active involvement in advisory groups, industry projects, training and mentoring.
The "IBF Inspire Award" this year was conferred on three financial institutions, Bank of Singapore, Manulife Singapore, OCBC Bank in recognition of their significant contributions and commitment towards workforce transformation in the financial industry.
The inaugural “IBF Advance Award” was conferred on Deutsche Bank. This award recognises financial institutions which have shown good progress in skills development and have demonstrated a growing commitment in workforce transformation.
The IBF Distinction Evening 2021 is part of the Growing Timber series of events launched by the Monetary Authority of Singapore and IBF in October 2020 on the jobs and skills agenda for the financial sector. For more details on the IBF Award categories and 2020 recipients, please refer to Annex A.
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