The AUM of the city’s private wealth management (PWM) industry is expected to grow six to 10% per annum over the next five years, say wealth managers.
HK’s private banks upbeat on China potential
An industry report finds that wealth managers in Hong Kong are placing their faith in mainland China and the Greater Bay Area (GBA) for asset growth.
Report: HK’s anxious wealth managers
Economic headwinds, technology shortfalls, regulatory burdens, and talent gaps plague the territory’s wealth management industry, according to a recent survey.
HK industry body proposes ‘wealth management connect’
Wealth managers in Hong Kong should be allowed to market products to clients in the Greater Bay Area, among suggestions from the Private Wealth Management Association (PWMA) and KPMG.
HK and Switzerland ink wealth management pacts
Various industry bodies of Hong Kong and Switzerland have signed MoUs in the Swiss capital to strengthen development of the private wealth management industries in both jurisdictions.
HK’s private wealth association names new MD
Hong Kong’s Private Wealth Management Association’s new managing director, Peter Stein, will focus on wealth management talent development.