ABOUT THE PROGRAMME

ORGANISERS

Co-organised by:
• The Hong Kong Monetary Authority (HKMA)
• The Private Wealth Management Association (PWMA)

Administered by:
• The Hong Kong Institute of Bankers (HKIB)

THE PROGRAMME

Two rounds of paid summer apprenticeship for university students in the area of private wealth management. The summer apprenticeship will last a minimum of sixteen weeks during the summers of 2025 and 2026^*.

Through the apprenticeship programme, university students will gain experience across a range of functions in the private wealth management industry, leading to a potential job offer upon graduation.

The aim of the Programme is to provide university students with “front-to-back” experience in the private wealth management business. Successful applicants will have the opportunity to learn about different investment products, client services, risk management, compliance and internal controls. The experience gained through this programme will provide students a solid foundation for a career in the private wealth management industry.

_{* The apprenticeship period will last a minimum of 16 weeks in two summers or 8 weeks in one summer subject to performance assessment or curriculum design of the participating firms.}

WHY WEALTH MANAGEMENT

Rapid economic growth in Mainland China and the rest of Asia over recent decades has created a burgeoning demand from individuals for professional wealth management services such as financial planning and investment portfolio management. Hong Kong is extremely well positioned to capture this business given its status as a regional business and financial services hub.

To promote the role of Hong Kong as a world class wealth and asset management hub by growing a sustainable talent pool for the industry, private wealth management firms in Hong Kong need talented recruits who can be trained up for positions responsible for managing client relationships and offering investment advice, as well as managing the business, ensuring regulatory compliance and controlling risk at the firms providing these services.

ELIGIBLE TALENTS

Full-time undergraduates, in their first to third year of study, in any disciplines (not only business and finance) of the following universities are eligible to apply:

• City University of Hong Kong
• Hong Kong Baptist University
• Lingnan University
• The Chinese University of Hong Kong
• The Education University of Hong Kong
• The Hong Kong Polytechnic University
• The Hong Kong University of Science and Technology
• The University of Hong Kong

PARTICIPATING INSTITUTIONS

The following member institutions of the PWMA will participate in the Programme and will employ around 40 apprentices:

• Bank Julius Baer & Co. AG
• Bank of China (Hong Kong) Limited
• Bank of Communications (Hong Kong) Limited
• Bank of Singapore Limited
• Banque Pictet & Cie SA, Hong Kong Branch
• BNP Paribas
• CA Indosuez (Switzerland) SA
• Citibank, N.A.
• DBS Bank (Hong Kong) Limited
• Deutsche Bank AG
• EFG Bank AG
• Goldman Sachs (Asia) L.L.C.
• LGT Bank AG
• Standard Chartered Bank (Hong Kong) Limited
• The Bank of East Asia, Limited
• UBS AG
• Union Bancaire Privee, UBP SA

STIPEND ALLOWANCE

Students will receive a recommended stipend allowance of not less than HK$10,000 from their host institution sponsored in part by the HKMA.