Risk Management & The Internal Control System

Challenge conventional thinking and create change beyond business. Established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan, Asia School of Business (ASB) is committed to developing transformative and principled leaders who will create a positive impact in the emerging world and beyond.

Our Vision:

The vision of ASB is to be a global knowledge and learning center, blending the rigor of our founding parents, MIT Sloan and Bank Negara Malaysia, with regional expertise, insights, and research from Asia and the emerging world. To date, our award-winning MBA degree program has been called “The Most Innovative MBA” in the world by Poets & Quants, while our faculty have won awards and recognition for their impact and contributions.

Our Mission:

The mission of ASB is to become a premier school of management in Asia, recognized for its ability to develop transformative and principled leaders who will contribute to a better future and the advancement of the emerging world.

Our People:

Transformative and principled, the people of ASB embody and embrace the mission of the School. Though culturally diverse, we share the vision to build a global knowledge and learning center. The people of ASB are a community of curious, adaptive, and collaborative go-getters driven to contribute to a better future and advancing the emerging world.

The MIT Sloan Connection:

April 9, 2015 marked the birth of ASB, with the collaboration between Bank Negara Malaysia and MIT Sloan School of Management (MIT Sloan). ASB was founded in response to the need for qualified, industry-ready talents to fill the needs of the exponential growth and opportunities of Asia.

Integrating the MIT DNA by bringing theory and practice together, the same core courses that are delivered in Cambridge, Massachusetts, USA are taught in ASB’s MBA full-time and MBA for Working Professionals degree programs. Both MIT Sloan’s world-renowned faculty and ASB’s residential faculty teach this rigorous curriculum.

In 2021, ASB launched its third degree program in partnership with MIT Sloan, the Master of Central Banking (MCB), a one-of-a-kind program in the marketplace. The residential program provides a rigorous graduate-level, central banking-focused curriculum that includes Asian and emerging market perspectives, distinguishing it from many other banking and finance programs.

At ASB, students get a global education, with a uniquely Asian perspective, complemented with hands-on Action Learning projects across the globe.

Executive Education:

The Iclif Executive Education Center (Iclif) at ASB (formerly The Iclif Leadership and Governance Centre) provides corporate governance training and non-degree programs to support the professional development of C-Suites and senior management.

Iclif was established by Bank Negara Malaysia in 2003 as an Asia-based independent non-profit organization with the mission to strengthen the leadership and governance capabilities within the Malaysian financial sector. In 2020, Iclif merged with ASB to extend its set of offerings in executive education, and now offers additional courses in general management and finance.

Currently, Iclif offers a set of Open-Enrollment Programs and Custom-Built programs. In addition to the Open-Enrollment programs, Iclif also offers a set of mandatory programs for Malaysian directors of financial institutions (Financial Institutions Directors’ Education (FIDE)).