Dear distinguished members and valued colleagues of FMAS,

I would like to express my gratitude for your unwavering support and commitment to enable FMAS’ growth over the years. Allow me to share some key accomplishments of our collective efforts specifically in driving CSR, Diversity & Inclusion as well as further development of the financial markets industry:

1. Corporate Social Responsibility (CSR) Governance and Outreach
Since 1994, our commitment to social responsibility has resulted in 31 successful Charity Golf events, raising an impressive $14.6 million for those in need. This year, responding to popular demand we included the dinner segment back on, we will be hosting the Charity Golf & Dinner on May 28th, 2025, at the Laguna National Golf Resort Club – a continuation of our commitment to fostering both philanthropy and fellowship as we contribute as an association to give back to society and progress together with those who need a helping hand.

2. Diversity and Inclusion
Another important agenda of FMAS is to promote greater diversity and inclusion in an industry formerly known as an old boys’ club. I am proud to share that the Women@FMAS initiative launched in 2021 has blossomed into a powerful force for diversity and inclusion. I want to express my thanks to our women leaders and members, many of whom are here today, who have brought fresh perspectives and dynamic energy to our community, enriching our collective experience and broadening our horizons.

3. Asia Financial Markets Forum
On the thought leadership space, our Asia Financial Markets Forum continues to be a beacon of strategic direction and thinking. Last year’s successful event which featured distinguished speakers like Professor Kishore and Mr Leong Sing Cheong the Deputy Managing Director of MAS, has set a high bar for our upcoming forum in September 2025. I’m delighted to announce that we have already secured indicative support from a Lead Sponsor, highlighting the industry’s confidence in our vision and ambition in fostering greater development in the financial markets industry.

Challenges
While we celebrate the milestones achieved, 2024 saw a dip in our education revenue and we would like to actively reinvigorate our educational offerings to members. Our comprehensive courses in Structuring and Advisory, Digital Assets, Sustainable Investment Management, Carbon Markets, and the Treasury & Markets Foundation are tools that we hope to equip members with. It also represents our commitment to setting solid standards for all industry practitioners and developing future market leaders who will take the industry to the next level.

In these times of global economic uncertainties, our role as Singapore’s premier financial markets association becomes even more crucial. We would like to support our community navigate new paradigms in sustainable finance, digital transformation as well as market evolution that may come our way.

The path forward requires your continued engagement and support. Through strategic collaborations and your active participation, we can enhance our impact and ensure FMAS remains a vital force in shaping Singapore’s financial landscape.

Before I close, I would like to express my deepest gratitude to our Honorary Advisors, EXCO members, FMAS Managing Director, and our dedicated Secretariat. Your tireless efforts keep our association vibrant and relevant.

As we look to the future, I am confident that together, we will continue to build on our legacy of excellence, innovation, and community service. The challenges ahead are opportunities and with your support, FMAS will continue to be a guiding force of progress in Singapore’s financial markets.

Thank you again for your unwavering commitment to FMAS. Let us embrace the coming year with optimism, determination, and unity.

Jacky Tai
President