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Academic Year 2025

Nels R. Friets – SUTD Bursary

The Nels R. Friets – SUTD Bursary is established to honour the memory of Nels R. Friets and enable students with demonstrated financial need to pursue their education at SUTD.
Eligibility
  • All nationalities
  • Full-time undergraduate student in any degree programme at SUTD
  • Demonstrated financial need with monthly Per Capita Income of S$2,500 and below
  • Good moral character and community spirit
Benefits of award
  • The value of each award will be commensurate with the recipient’s level of financial need and shall be applied towards the payment of tuition fees and study-related expenses, including hostel fees.
  • The award is tenable for 1 academic year.
  • There is no bond to be fulfilled towards the donor.
Terms & conditions
  1. The recipient may not, without the approval of the University, hold concurrently any other scholarships or grants.
  2. The recipient must have taken up the Tuition Grant Scheme by the Singapore Government during enrolment. Read more on the Tuition Grant Scheme here.

 

 

THIS AWARD IS MADE POSSIBLE BY:
Friends and loved ones of Nels R. Friets
In memory of Mr Nels R. Friets, who had served SUTD as a member of the SUTD Finance Committee for 12 years (May 2011 to Nov 2023), fundraising for the Nels R. Friets – SUTD Bursary was started to help support financially needy students on their educational journey.

 

Nels first came to Singapore in 1985 and became a Permanent Resident in 1989. Over the years, Nels served in boards and committees of various organisations such as the Singapore Tote Board, Singapore Venture Holdings, and Fullerton Fund Management Company. Holding a Bachelor of Science in Applied Mathematics from Yale University, USA, Nels was formerly the Managing Director & Head of Equities (ASEAN) with Citigroup Global Markets, where he oversaw cash, derivatives, equity capital markets, and prime brokerage activities in ASEAN. Before his retirement, he was the Head of Securities and then an Advisor at the Singapore Exchange Limited.

 

Nels passed away peacefully on 3 May 2025 after a valiant fight, always keeping close to his heart his favoured adage – “Laughter is the best medicine” (Proverbs 11:22).