THE ‘UBD-State Street Stock Pitch Competition’ hosted by Universiti Brunei Darussalam (UBD) School of Business and Economics (SBE), yesterday witnessed four group of students delivering their presentations on selected stocks, to convince the judges to buy or sell a selected stock.
The judges included Edmund Teo from State Street Brunei, Gordon Clarke from Autoriti Monetari Brunei Darussalam (AMBD) and Pengiran Dr Haji Mohd Hasnol Alwee bin Pengiran Haji Mohd Salleh from UBD SBE.
The stock pitch competition, which aimed at enhancing the financial literacy and understanding of equity investment among UBD students, was part of the Memorandum of Understanding (MoU) signed in April this year between UBD and State Street Corporation (STT), one of the world’s leading providers of financial services to institutional investors.
The MoU formalises cooperation in various programmes, including a stock pitch competition to raise students’ understanding of equity investment, a series of lectures by State Street’s executives, and internship opportunities at State Street’s Brunei office.
Close collaboration between UBD and key industry players, such as State Street, also aims at further enhancing the skill-set and general quality of UBD students prior to joining the workforce.
The UBD-State Street Brunei MoU is the latest in a series of active collaborations between UBD and universities and institutions around the world spanning six continents.
The participants and judges of the UBD-State Street Stock Pitch Competition with Professor Ahmed Masood Khalid, Dean of UBD SBE, in a group photo. – UBD
“State Street is proud to support the stock pitching competition and witness first-hand the progress the students have made,” Edmund Teo from State Street commented. “They have displayed good knowledge overall and were able to present confidently to the panel of judges.”
State Street is encouraged by the success of this competition specifically by meeting the goals of increasing the students’ knowledge of the capital markets and overall financial literacy, Teo said.
He also hoped that the experience from the competition will improve the student’s employability upon entering the work force.
“There is no loser in this stock pitching competition as the experience students gained will be invaluable,” Professor Ahmed Masood Khalid, Dean of UBD SBE, encou-raged the students upon the conclusion of the competition.
Prizes will be awarded to the winning group in an upcoming event.
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