Hong Kong will reportedly form an academy focused on various areas related to family offices, including talent development.
The Financial Services Development Council will set up the Hong Kong Academy for Wealth Legacy, according to an «SCMP» report citing unnamed sources. The academy will serve family offices and focus on activities like networking, knowledge sharing and talent development.
The board will be chaired by New World Development CEO Adrian Cheng. In addition to government officials, it will also include industry leaders like UBS APAC wealth management co-head Amy Lo, HKUST adjunct professor of finance Roger King and Deacons partner Jeremy Dinshaw Lam.
The move to establish the academy is part of the broader goal announced by Hong Kong chief executive John Lee last year to attract 200 family offices to the city by the end of 2025. The board members are expected to take on their new positions on November 14 during an inauguration ceremony, the report added.
