Singapore Management University's Team M.E.A.D emerged as champions in the inaugural ASEAN Risk Intelligence "Co-opetition" (RIC) held on Saturday, March 15.
The finalist teams from the respective local Deloitte Risk Intelligence Challenge Trophy, which was held in Singapore, Malaysia and Indonesia in recent months, gathered for a collaborative and cooperative competition held over two days.
During the competition, students were challenged to think about the changing economic environment as a result of the challenges facing the ASEAN Economic Community (AEC), identify the potential hurdles and risks that come with the change and how to mitigate them.
Team M.E.A.D, which is made up of three students from the Singapore Management University - Alan Lim, Daniel Foo, and Elmer Tan, all aged 24 - impressed the judges with their strong understanding of the research topic and excellent analytical skills, as well as a flair for public speaking.
They walked away not only with $2,500 in cash, but also with an overseas internship opportunity with Deloitte Southeast Asia. Runners-up, Team Perfecto from Multimedia University Cyberjaya in Malaysia, walked away with $1,500.
Team leader Alan expressed his thrill at winning the ASEAN RIC: "The Deloitte ASEAN RIC is a once-in-a-lifetime experience and we are proud to have been a part of it.
"We take away with us not only a deeper understanding of risk management and how it affects us in our daily lives and our future careers, but lasting friendships with the other finalists whom we have cooperated and collaborated with during the course of the competition."