Participant schools include usual suspects such as the multi-campus INSEAD and National University of Singapore's NUS Business School, both of which already have partnerships with other elite business schools.

WSJ: Business School Bulletin: What's News from B-Schools

Pericles Lewis, a professor of English and comparative literature at Yale, was tapped Wednesday to head Yale-NUS as president, while a professor from the National University of Singapore, Lai Choy Heng, was named vice president.

WSJ: Yale's Singapore Joint Venture Taps a President