This $500,000 cheque will be used to help disadvantaged children after Citi Singapore raised the money at a charity golf event.

It is the third year in a row that the company has chipped in to help underprivileged youngsters.

A total of $547,138 will go to The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund.

Pictured are Citi Asia Pacific chairman Shirish Apte, Citi Asia Pacific chief operating officer Rodrigo Zorrilla, Citi country officer of Singapore Michael Zink, The Business Times editor Alvin Tay, Minister of State for National Development Desmond Lee, Singapore Press Holdings managing editor (English and Malay Newspapers Division) Han Fook Kwang, Citi Asia Pacific chief information officer Paul McCarroll and Citi Asia Pacific head of operations and technology Vikram Sud.