Kuala Lumpur: CIMB Group Holdings Bhd reinforces its commitment to growing and enabling talent with the latest grant of RM7.5 million in scholarships to youth across ASEAN under the 2022 CIMB ASEAN Scholarship Programme.
Since its inception in 2016, the Group-wide initiative by CIMB has been providing high-potential youth from ASEAN countries the opportunity to pursue tertiary education at top tier institutions of their choice.
In Malaysia, the scholarships are being granted through CIMB Foundation, whilst in other ASEAN markets they will be granted by the Group’s respective local banking entities.
A scholarship presentation ceremony was held recently with the presence of Dato’ Abdul Rahman Ahmad, Group Chief Executive Officer of CIMB Group; Gurdip Singh Sidhu, Group Chief People Officer of CIMB Group and Rafe Haneef, Chief Executive Officer of CIMB Foundation.
The 2022 Programme garnered positive response from candidates hailing from a set of diverse backgrounds within the key ASEAN countries CIMB operates in, including Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines.
In addition to a full scholarship covering tuition fees, scholarship recipients will also receive a living allowance, insurance and other related fees to support their field of study at any established university worldwide.
They will also be partnered with a mentor from within CIMB who will provide career mentorship throughout their study period before entering full-time employment upon graduation.
The CIMB ASEAN scholars will also be offered internships during study breaks and employment upon graduation, including the opportunity to enter CIMB’s structured management trainee programmes such as The Complete BankerTM Programme, TCB Digital and the newly introduced sustainability-focused TCB programme.
These programmes will boost the scholars’ all-round skills, providing a holistic and solid foundation in professional development to be future- ready as members of the CIMB family, as well as the workforce as a whole.
Some of the top-ranked renowned universities the 2022 CIMB ASEAN scholars are headed to include King’s College London, London School of Economics and Political Science, University of Warwick, University of Edinburgh and University of Bristol.
The students will be pursuing degrees in various disciplines such as Financial Mathematics and Statistics; Emerging Economies and International Development; Data Science; Economics, Politics and International Studies; Accounting and Finance, as well as Information Technology.
Candidates were required to undergo a thorough five-stage selection process comprising an online assessment, pre- screening, in-country interview, regional virtual assessment, and a final regional face-to-face virtual interview.