About PWMA

About the Private Wealth Management Association
Established in 2013, PWMA is an industry association, whose mission is to foster the growth and development of the private wealth management industry in Hong Kong.

The main objectives of PWMA are:

  • Position Hong Kong as the leading private wealth management hub in the region
  • Advocate the growth and development of the industry in Hong Kong
  • Promote proper conduct, integrity and professional competence on the part of PWM practitioners
  • Provide a forum for members to discuss and exchange views on trends and challenges faced in the industry
  • Act as a unified industry voice through dialogue with government officials, regulators, trade bodies and non-governmental organizations.

CHAIRMAN’S MESSAGE

“In order to take advantage of the significant wealth creation capability, we need to adopt a strategic approach towards meeting the challenges and opportunities our industry faces”

As Chairman of the Executive Committee, I am privileged and honoured to lead the PWMA in its mission of fostering the growth and development of Hong Kong’s private wealth management industry.

Hong Kong is uniquely positioned to be the pre-eminent private wealth management hub in Asia. The city is strategically located at the heart of Asia which is the global economic powerhouse, and has a long tradition of serving as an important gateway for capital flows into and out of the region. In addition, its proximity and connections to Mainland China, its robust legal and regulatory framework, low taxes and strong financial infrastructure are all important factors valued by our high net worth clients as they seek to protect and grow their wealth.
In order to take advantage of the significant wealth creation capability, we need to adopt a strategic approach towards meeting the challenges and opportunities our industry faces in areas such as talent, technology and regulation. And this underscores the importance of the PWMA’s work.

We are extremely pleased that some of our major initiatives such as the Pilot Apprenticeship Programme for Private Wealth Management co-organised with the Hong Kong Monetary Authority, our annual Private Wealth Management report and the PWMA Wealth Management Summit have proven to be so successful. Initiatives such as these and the effectiveness of our ongoing engagement and advocacy efforts with the government and regulators illustrate the great potential we can realise as an industry working together for our common benefit, and for the benefit of Hong Kong.

I am proud to be part of this effort as our industry continues to grow and transform. I look forward to greater achievements in the future with your collective support.

 

Yours sincerely,

Amy Lo

Amy Lo Chairman, Executive Committee

MANAGING DIRECTOR’S MESSAGE

“Through groups such as our Regulatory, Fintech, China and ECF Committees, we bring together industry peers to share best practices, identify challenges, solve problems and strategize for the future.”

I am extremely proud of the unique role PWMA plays in fostering the growth and success of the Hong Kong private wealth management industry.

We advocate on behalf of our members and provide a channel for constructive dialogue with regulators and government officials.

We host regular forums, webinars, roundtables and an annual summit, all of which inform our members about developments affecting the industry and encourage an active exchange of views. Last year, we hosted 19 events with total attendance of over 2,150 people and provided up to 28 hours of Ongoing Professional Training (OPT) credit.

Through groups such as our Regulatory, Fintech, China and ECF Committees, we bring together industry peers to share best practices, identify challenges, solve problems and strategize for the future.

With the Certified Private Wealth Professional framework, we provide recognition to practitioners who meet the industry’s benchmarks. And we are working to train up the next generation of talent through the Pilot Apprenticeship Programme for Private Wealth Management and activities organized by our NextGen Committee.

Thank you for your continued support to PWMA. Please do follow us on LinkedIn, Facebook and Twitter to learn more about our latest updates.

 

Yours sincerely,

Peter Stein

Peter Stein Managing Director

EXECUTIVE COMMITTEE

CHAIRMAN Amy Lo
Head and Chief Executive,
UBS Hong Kong Branch

Co-Head Wealth Management Asia Pacific, UBS Global Wealth Management

Group Managing Director, UBS
VICE CHAIRMAN Monique Chan
Chief Executive Officer,
BMO Private Bank Asia

Bank of Montreal
EXECUTIVE MEMBERS
Tsang Kam Yin Wendy
Managing Director and Head of Private Banking

Bank of China (Hong Kong) Limited
David C.Y. Shick
Head Private Banking Greater China, Branch Manager Hong Kong

Bank Julius Baer & Co. AG
Horace Yip
Managing Director Global Market Manager Hong Kong

Citi Private Bank
Lawrence Cheung
Managing Director
Chief Operating Officer Private Banking North Asia and Hong Kong Location

Credit Suisse AG
Kanas Chan
Managing Director
Head of Wealth Management, North Asia

Deutsche Bank AG, Hong Kong Branch
Florence Kui
Managing Director
Chief Operating Officer Asia Pacific and Deputy Head of North Asia, Private Wealth Management

Goldman Sachs
Ivan Wong
Managing Director, Co- Head, North Asia Global Private Banking HSBC Private Banking

The Hongkong and Shanghai Banking Corporation Limited
Carey Cheung
Head of Hong Kong and the Philippines

J.P. Morgan Private Bank
Alex Ng
CEO, Hong Kong Branch and Head of North Asia, PWM

Pictet & Cie (Europe) S.A. Hong Kong Branch
Vivian Chan
Managing Director and Regional Head of Private Bank, GCNA

Standard Chartered Bank (Hong Kong) Limited

ORGANIZATION CHART

*The PWMA Advisory Council, comprising senior representatives of PWMA member firms, reviews and provides feedback to the Executive Committee regarding the work of the PWMA.

**The Accreditation and Exemption Committee is an independent committee and does not report to the Executive Committee. The Committee comprises representatives with relevant knowledge and experience, including seasoned former PWM practitioners, academics and other relevant professionals.