The Private Wealth Management Association was established in Hong Kong in September 2013. The initiative to set up an industry association for the private wealth management industry is the result of a consultancy study sponsored by the Hong Kong Association of Banks (“HKAB”). HKAB and its members believe that the initiative will help maintain Hong Kong’s status and competitiveness as a major financial centre.
The Executive Committee consists of 9 members. As the governing body, the Committee is responsible for the management and strategic direction of the association.
The PWMA has 46 members, with an 9-member Executive Committee serving as the governing body of the PWMA.