Bank of Maldives has signed a Memorandum of Understanding (MoU) with Singapore Management University to strengthen its strategic partnership in leadership development, professional education, and capacity building.

The agreement formalises and expands the existing collaboration between BML Academy, the bank’s dedicated institute for academic and professional growth, and SMU Academy, the professional training arm of the university.

Under the partnership, SMU will support the design and delivery of tailored learning programmes for BML employees and help build internal expertise through structured knowledge transfer.

The initiative is expected to strengthen BML Academy’s ability to provide high-quality development opportunities and create clearer pathways for continuous professional advancement.

Commenting on the collaboration, CEO and Managing Director Mohamed Shareef said the partnership reflects the bank’s ongoing commitment to developing strong leadership and enhancing professional capabilities across the institution.

He noted that as the Maldives’ largest financial institution, BML plays an important role in shaping the national economy and that the academy is focused on building internationally aligned learning pathways for future leaders.

Last year, 40 BML employees completed leadership programmes delivered in collaboration with SMU. Of them, 20 senior staff earned the Executive Certificate in Leadership and People Management directly from SMU, while another 20 received the Certificate in Leadership and People Management through BML Academy after completing an SMU-led programme.

The bank said similar training cohorts are currently ongoing as the partnership continues to expand.