Hong Kong’s independent family office trade association has announced the leadership team for its third term, including a new chair.

Family Office Association Hong Kong (FOAHK) has announced the new leadership team for its third term, according to a statement. Chi-man Kwan, Raffles Family Office group CEO, has been elected as chair, succeeding Angel Chia. The vice chairs are Wisdom Family Office’s Grant Ko and Topaz Family Office’s Jim Kwok, who was reelected to the role for a second term.

The other board members include Jessica Cutrera (Leo Wealth), Harry Pang (Fountainhead Partners) and Kenny Ho (Carret Private)

Fifth Anniversary

FOAHK celebrates its fifth anniversary as it was established in November 2020 to «support and promote the growth of the family office industry, enhance professional standards, and foster collaboration among stakeholders» in Hong Kong and internationally. It currently has over 60 members representing single family offices, multi-family offices and external asset managers with around $85 billion in total asset under management.

«As family offices continue to take root and gain wider influence, Hong Kong is uniquely positioned to emerge as a world-leading hub for family offices, supported by its robust financial infrastructure, strategic location, and government initiatives,» Kwan commented. «Together, FOAHK will work to promote Hong Kong as it continues to thrive as the nexus for family offices in the region and beyond.»