Graduate business school Insead has received a donation of $5 million from one of its alumni, Mr André Hoffmann.
Mr Hoffman, who holds an MBA from Insead, is the vice-chairman of Swiss global health-care company F. Hoffmann-LaRoche. His gift to the school will support the expansion of the school's campus in Singapore, which is located at Ayer Rajah. In particular, it will go towards the construction of its new leadership development centre,
When completed in 2014, the six-storey centre will bring together business leaders from around the world.
In a statement released on Wednesday, Mr Hoffman said: "Insead provided me with a priceless asset: deep business insight and a global vision of management...Preparing for the future is a fundamental requirement of leadership and I consider it a moral obligation to contribute to the education of tomorrow's global leaders."