Hong Kong's first university-led wealth management academy launched
HKU Business School establishes new academy to train professionals for expanding private-wealth, asset-management, and family-office sectors.
Quick Look
Hong Kong launched its first university-led wealth management academy on Tuesday, established by HKU Business School to train professionals for the expanding private-wealth, asset-management, and family-office sectors.
AI-generated summary
Why It Matters
Hong Kong's private-wealth industry is expanding and requires professionals to serve international clients.
Hong Kong’s first university-led wealth management academy was launched on Tuesday, as the city’s rapidly expanding private-wealth industry competes for professionals capable of serving increasingly sophisticated and international clients.
The Wealth Management Academy, established by The University of Hong Kong Business School, aims to bring together policymakers, financial institutions and academics to train professionals for the wealth management, asset management and family-office sectors.
It seeks to connect “policy, industry, academics and research”, with talent development as its overarching objective, according to HKU.
“The quality of human capital ultimately determines how well financial capital is managed,” said Christopher Hui, Hong Kong’s secretary for financial services and the treasury, during a keynote speech at the academy’s inauguration ceremony on Tuesday.
Hui said Hong Kong’s connections with mainland China and the wider world gave the city a “distinctive role”, and that the wealth management industry increasingly required professionals capable of handling investment, succession, governance and cross-border issues.
Open Questions
- What specific courses will the academy offer?
- How many students are expected in the first cohort?
