In November 2015, UOB reinforced its commitment to nation building by contributing S$20 million towards the inaugural Wee Cho Yaw Future Leaders Award. The total endowment fund stands at S$50 million with a 1.5 times matching grant by the Singapore Government. The award aims to build future leaders by providing tertiary education opportunities for underprivileged students. Awardees are assessed based on their financial backgrounds as well as academic performance and community contributions, such as volunteer work. The first cohort of awardees will be selected in 2016.
The Wee Cho Yaw Future Leaders Award Scholarship Programme is in support of:
- National University of Singapore
- Nanyang Technological University
Mr Wee Ee Cheong, UOB's Deputy Chairman and Group Chief Executive Officer with Professor Tan Chorh Chuan, NUS President on the left and Professor Bertil Andersson, NTU President on the right.