A message from the Managing Director

Dear Members,

I am honoured and excited to have taken on the role of Managing Director at the Private Wealth Management Association as we undertake new activities and initiatives to support our members and promote the long-term sustainable growth of our industry.

One of PWMA’s most significant new initiatives is the Pilot Apprenticeship Programme for Private Wealth Management, launched in partnership with the Hong Kong Monetary Authority. This project provides a long-term solution to the talent shortage identified by many PWMA members as a top concern while advancing opportunities for promising Hong Kong undergraduates.

Our Regulatory Committee is growing more active than ever, providing feedback to important consultations and sharing views on regulatory developments. Given how popular the Regulatory Committee’s work has become, we’re also introducing occasional expanded meetings open to all members and inviting members outside the committee to join taskforces working on specific projects.

On the Automatic Exchange of Information, PWMA is making sure members’ views on the challenges of implementation are heard through regular dialogue with the government, while also providing forums to share best practice among firms regarding collection of client data.

We continue to organize learning and sharing sessions that help members stay current with key industry developments in areas ranging from Fintech to AML/KYC and enforcement trends. Members who are Certified Professional Wealth Practitioners can also earn OPT hours in the process.

To help with some of our new initiatives, engage our members more broadly in the PWMA’s work and promote good governance, we’ve launched a number of new committees and taskforces. To those of you already volunteering your services in these efforts, thank you! And to everyone else, we welcome and encourage your participation. The PWMA is only as influential and productive as all of you make it.

Reflecting the PWMA’s evolving profile, we’ve refreshed the look of our website and quarterly newsletter too. We hope you like the look and welcome your feedback on ways we can continue to improve.

Thank you again for your support and I look forward to working with all of you to realize the PWMA’s full potential.

Yours sincerely,

Peter Stein

Managing Director