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.
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.
MANAGING DIRECTOR’S MESSAGE
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.
UBS Hong Kong Branch
Co-Head Wealth Management Asia Pacific, UBS Global Wealth Management
Group Managing Director, UBS
BMO Private Bank Asia
Bank of Montreal
Executive Director, Head of Business Compliance & Operation Risks, Private Banking
Bank of China (HK) Limited
Bank Julius Baer & Co. AG
Citi Private Bank
Chief Operating Officer Private Banking North Asia and Hong Kong Location
Credit Suisse AG
Head of Wealth Management, North Asia
Deutsche Bank AG, Hong Kong Branch
Chief Operating Officer Asia Pacific and Deputy Head of North Asia, Private Wealth Management
Goldman Sachs (Asia) L.L.C.
The Hongkong and Shanghai Banking Corporation Limited
JP Morgan Chase Bank, National Association
Pictet & Cie (Europe) S.A. Hong Kong Branch
Standard Chartered Bank (Hong Kong) Limited
**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.