The increasing demand for valuation knowledge and skills stems from an upward trend in the number of merger and acquisition (M&A) deals and the broader adoption of fair value measurement by Singapore companies in the financial reporting framework. Valuation has further gained prominence in Singapore as a result of key developments, such as the rise in arbitration and litigation proceedings due to commercial and shareholders disputes, and the growing importance of intellectual property in businesses.
The three Executive Certificate programmes which have been jointly developed by SMU Academy, SMU’s professional training arm, and Savills Valuation and Professional Services (S) Pte Ltd are:
- Valuation: A Corporate Perspective;
- Valuation Essentials for Bankers; and
- Valuation: All You Need to Know in an Audit Process.
The programmes are specially curated for different target audiences, namely business owners and executives, bankers, audit professionals and relevant stakeholders involved in the audit process. They will be taught by practitioner experts from Savills, and will be offered at the SMU Academy from August 2019 onwards.
Dr Lim Lai Cheng, Executive Director, SMU Academy, said, “We are honoured to be the first university partner of Savills in jointly offering professional training to the industry. This collaboration leverages Savills industrial expertise as well as SMU’s thought leadership, academic rigour and outreach. The programmes on offer aim to raise the bar of professional excellence among companies and individuals who are involved in transactions, litigation and arbitration, and financial reporting, and will certainly benefit many professionals who wish to enhance their knowledge and skills in valuation.
Mr Martin Fidden, Regional Director, Savills Asia, said, “From SMEs to multi-national companies, a sound knowledge of valuation principles is an essential tool in today’s knowledge-based economy. Savills is proud to be partnering with SMU to deliver end-to-end holistic training programmes which will offer first-hand knowledge and expertise from real-time senior valuation practitioners. SMU is held in the highest esteem by the corporate world, and I’ve no doubt that these programmes will be extremely well regarded in the corporate arena.”
All three programmes will be funded by SkillsFuture Singapore, with 70% course fee subsidy for Singapore Citizens and Singapore Permanent Residents; and 90% course fee subsidy for Singapore Citizens aged 40 and above, and for SMEs who send their local employees (Singapore Citizens and Singapore Permanent Residents) for the training.