HONG KONG, Oct. 16, 2013 /PRNewswire/ -- One of the world's largest sovereign wealth funds, China's State Administration of Foreign Exchange (SAFE), has signed a landmark agreement with London Business School, to deliver world class education programmes to its employees.
The Memorandum of Understanding is the first that London Business School has signed with an organisation in China and arguably the most important anywhere in the world. It is designed primarily to offer SAFE's employees access to London Business School's Masters in Finance (MiF) programme, which is ranked number one in the world*. Other relevant programmes such as the School's number one ranked full-time MBA programme are also included as part of the agreement.
Wendy Alexander, Associate Dean, Degree Programmes and Career Services, London Business School, said: "To have a financial institution of such critical importance to the global economy as SAFE sponsoring its highly talented employees through our programmes is a fantastic endorsement for London Business School. We believe that our blend of rigorous curricula, outstanding and diverse peer groups, and central London learning environment equips our graduates with the skills to become effective future global leaders. We look forward to growing our relationship with SAFE and playing a role in the development of its workforce."
The State Administration of Foreign Exchange of the People's Republic of China (SAFE) is an administrative agency tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign exchange reserves.
A number of the portfolio managers at SAFE's Reserve Management Department are already alumni of London Business School's Masters in Finance Programme.
Ms. Yuhong ZHONG, Deputy Executive Director (Human Resources) at Investment Center (Reserve Management Dept.) of State Administration of Foreign Exchange (SAFE), said: "It is not surprising to know that London Business School's Masters in Finance has been rated number one in the world by Financial Times for the third consecutive year.
"Partnering with this global leading business school in all aspects will strengthen our people strategy to continue investing in staff training and development. We are confident that this partnership will also help enhance our global competitiveness."
*2013 Financial Times post experience Masters in Finance ranking
