Asian Financial Leaders Scheme (AFLS)

The Asian Financial Leaders Scheme (AFLS) is a leadership development initiative supported by the Financial Sector Development Fund (FSDF), which was set up to facilitate the development of talent for Singapore’s financial centre. Through co-funding for Singaporeans, AFLS seeks to encourage the financial industry to develop its pool of future leaders, by sending them on eligible leadership programmes that would provide the knowledge to navigate the diverse business, regulatory, and legal environment in the region.

Under AFLS, the FSDF will co-fund qualifying costs incurred by Financial Institutions (FIs) that send their promising C-1/C-2 Singaporean finance professionals on eligible leadership programmes.


Funding level of qualifying costs
75% of programme fees (exclude airfare, accommodation, absentee payroll and allowances) for eligible programmes that eligible participant attended between 1 July 2018 and 30 June 2023.

Funding cap
S$50,000 per participant


Eligible leadership programmes:

• Asian Financial Leaders Programme (AFLP) by Human Capital Leadership Institute (HCLI) and Singapore Management University (SMU)

• Asia Leaders in Financial Institutions (ALFI) by National University of Singapore (NUS)

Eligible claimants:

Claimants should be FIs, based locally (in Singapore) or overseas, who are keen to sponsor promising incumbent staffs as future leaders.

Eligible participants:

Promising incumbent staffs whom the sponsoring entities are keen to groom as future leaders. Only Singapore citizens will be supported.

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