The Society was registered on 11 January 1960. The objects of the Society were: to promote social, recreational and cultural activities between past and present members of the two Universities in the Federation of Malaya; to arrange for a dinner on the eve of the annual Oxford and Cambridge Boat Race; and to further any cause or project in the interests of the Universities or members.

Tun Sir Henry H. S. Lee was the first President of the Society, and the Hon. Dato’ Suleiman bin Dato’ Abdul Rahman PMN (ex-Minister of the Interior) and H E Colonel C M Bennet (New Zealand High Commissioner) were Vice-Presidents. Datin Lau Foo Sun (nee Gunn Chit Wah) was the Secretary and Mr A W Rowkett was the Treasurer. The other committee members were the Hon Dato’ Sir Clough Thuraisingham and Mr Choo Kok Leong.

Past Presidents include:
Tun H.S. Lee
Tun Suffian Mohammad
Tan Sri Lal Vorah
Mr. Tristan Russell
Dr. Goh Cheng Teik
H.E. Graham Fry
Tan Sri Abdullah Ahmad