together stakeholders to implement programmes and policy research on effective ageing. yet many families are often faced with questions like how to give, and what organisation to give to? like a trekker looking upwards towards mount everest, wondering how to take your first step that will pave your way to reach the summit. this is why singapore is developing a range of initiatives to support your philanthropy and impact journey. this includes mountain guides to support you on your climb. we have been systematically deepening the pool of professionals in singapore with expertise in philanthropic advisory and impact capital. in 2021, mas and the institute of banking & finance launched the philanthropy advisory technical skills and competencies to provide guidance on the skills and competencies that professionals should possess to support the philanthropic aspirations of high - net - worth individuals and families. this served as a resource for training providers in the design of relevant training curriculum. we then set up a dedicated centre for sustainable finance and private wealth in 2022, founded by the university of zurich, to equip finance 3 / 5 bis - central bankers'speeches professionals in singapore with the knowledge to drive sustainable investment strategies for their clients in asia. more than 800 professionals have participated in training courses since its inception, acquiring valuable skills in sustainable finance, impact investing and mobilising private capital for sustainable development. the wealth management institute has also seen significant enrolments in sustainable finance courses : in the last 2 years, it saw more than 2, 000 enrolments into sustainable finance courses. and earlier this year, the asia centre for changemakers, hosted under the wmi, launched the certified impact philanthropy professional, asia's firstever dedicated certification mapped to industry skillsets for philanthropy advisors. now, besides mountain guides to help family offices who want to scale to the summit, we also want to provide you with climbing mates who share your passion and who can climb the mountain together with you. we are growing a community with the " impact philanthropy partnership " that is led by wmi and the private banking industry group, where families can share on their philanthropic experiences and build a network of like - minded peers. there is no need to climb the summit on your own. you will have mountain guides to help you, and you will have climbing mates to make your journey together. and of course, you must also have good climbing gear and we are catalysing the growth of tools and structures, such as donor advised funds, and deal - share, due diligence and impact monitoring platforms to

processes to make them simpler, better and faster. impact created for singapore the family office ecosystem has added diversity to our financial sector and created value for singapore's economy and society. i would like to acknowledge and express my appreciation to the family office community for your contributions to singapore. family offices have created good jobs in singapore, both directly, when you hire your investment professionals locally, and indirectly, when you engage the services provided by our private banks, fund managers, as well as legal and tax firms. the patient capital that families bring, along with your business know - how and networks, can greatly contribute to nurturing our local ventures and innovation activities. take for example, treis group, whose s $ 20 million investments spurred the growth of getgo, the largest carsharing platform in singapore, with the mission to promote sustainable mobility. family - led enterprises have also been key contributors to climate mitigation and adaptation causes. for example, the olayan group donated towards the asia 2 / 5 bis - central bankers'speeches climate solutions design grant launched by mas in partnership with convergence. the grant defrays the cost of early - stage preparation and design of innovative blended finance solutions. the grant has supported projects coming from clean energy transition to nature - based solutions, catalysing a pipeline of investible projects that would otherwise be under - capitalised. conducive and rich ecosystem of service offerings there is further potential for family offices to grow and contribute. to achieve this, we must strengthen the value proposition of our family office ecosystem, through three key areas : first, families'interest in philanthropy and doing good by giving back to help others in society. second, families'interest in investing as private equity or venture capital. and third, to build talent and capabilities in the family office space. i'll touch on each one briefly. starting off with philanthropy. many family offices are already keenly aware of the important role they can play in contributing to the broader community and helping the less fortunate. indeed, we are seeing growing interest from family offices to become a " force for good " – so not just to do well, but also to do good – and establish a legacy that extends beyond financial gains and wealth accumulation. for example, the ishk tolaram foundation supports education and skills training for dyslexic pre - schoolers and autistic talent to pursue engineering careers. the tsao foundation contributed significantly to eldercare solutions in the community and brings