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The Asian Institute of Management (Aim), in the Philippines, is building on its expertise in developing economies with a $5m gift from Stephen Zuellig, the business leader and philanthropist. The gift will be used to support Aim’s Center for Development Management in Manila, in particular to build up the centre’s Master in Development Management degree.

The centre investigates how emerging countries can create and sustain growth by tackling issues such as the risk of disasters, the development of small and medium-sized enterprises and the future of cities.

“The Center for Development Management is a unique resource in south east Asia,” says Steven DeKrey, president of Aim. “Infusing development with business and management has allowed the institute to create a synergy between business and development management. This is a path no other business school in south east Asia has taken to date.”

Aim plans to develop scholarship programmes for women leaders and Muslim fellows to increase diversity in the programme. The school also hopes to develop social enterprise business plan competitions in the centre and an incubator programme for social enterprises.

The centre will be renamed the Stephen Zuellig Graduate School of Development in recognition of the gift.

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