Blackstone and the Private Wealth Management Association (PWMA) have announced a partnership to launch a certified educational programme for wealth management professionals to gain a deeper understanding of private market fundamentals.
The programme draws on Blackstone’s expertise and insights as the world’s largest alternative asset manager to equip Hong Kong’s wealth management professionals with the knowledge and resources to support individual investors who are increasingly looking to diversify their portfolios and allocate into private markets.
Ed Huang, head of Asia Pacific for Blackstone Private Wealth Solutions, will join the PWMA Advisory Council. The Council, comprising senior representatives of PWMA member firms, reviews the work of the association and offers advice to the PWMA Executive Committee.
“While there’s momentum in the adoption of private markets, individual investors remain under-allocated. We believe allocation will continue to rise as wealth management professionals and individual investors seek portfolio diversification and attractive risk-adjusted performance,” he added.
Amy Lo, chairman, PWMA Executive Committee, said: “Hong Kong has emerged as an important wealth management hub, and more individual investors are seeking access to private markets to enhance their portfolios. We are pleased to partner with an industry leader like Blackstone, who shares our commitment of fostering the growth and development of Hong Kong’s private wealth management industry, to support wealth practitioners who are helping to manage and grow assets for our valued clients.”
The programme, available from February 2025, will be a series of half-day in-person sessions in Hong Kong, open to all PWMA members. Upon completion, participants are eligible to receive On-going Professional Training (OPT) hours or other professional training credits as per their employers’ guidelines.
