Private Wealth Management Association (PWMA)

🌟 Empathy Through Art: A Heartfelt Collaboration with Arts with the Disabled Association Hong Kong 🌟 On 26th July, as part of PWMA Apprentice Programme Community Service Project, we had the privilege of partnering with the Arts with the Disabled Association Hong Kong for a truly inspiring community initiative — the Yarn Basket Weaving Workshop, held at the Jockey Club Inclusive Art Workshop in Shek Kip Mei. This special event was more than just a creative experience – it was a valuable lesson in empathy, inclusion, and patience. Grounded in the belief that persons with disabilities should be embraced as equals, rather than be treated with exception, the workshop reminded us of the importance of engaging with care and sincerity — to accompany, not patronize. 🧶 Workshop 1: Volunteer Training Led by disabled artist Chiu Wai-chi, participants were moved by her personal journey and inspired by her resilience. She taught us how to weave flower baskets using simple materials, demonstrating how art can bridge understanding and bring people together. 🧵 Workshop 2: Weaving Together Participants applied their new skills, assisted others, and co-created woven baskets in an atmosphere of mutual support. This hands-on session brought to life the joy of craft and community. From training to weaving, what stood out most was the shared sense of purpose — to empower, to connect, and to learn from one another. We are sincerely grateful to the Arts with the Disabled Association Hong Kong for their partnership, and to all the volunteers who contributed their time, open hearts and helping hands. Together, we continue to foster a culture of inclusivity and compassion in our community. Special thanks to Raynard Cheng from UBS for his mentorship, and to the PWMA Apprentice Programme Community Service Project Committee, in particular Matthew C. and Sonia S., for making this event possible! 👉 Learn more about our community partner: https://xmrrwallet.com/cmx.pwww.adahk.org.hk/ Vivien K. Cilla Luke, CIMA®Phoebe Yeung Rollo ZHANG Lesigues C. #CommunityEngagement #InclusiveArt #WeavingWorkshop #DiversityAndInclusion #HongKong #PrivateWealthManagement #EmpathyInAction #ArtsWithTheDisabled

FOAHK x PWMA Panel Discussion on Private Markets Evolution On 24th July, #PWMA and the Family Office Association Hong Kong (FOAHK) co-hosted “Private Markets Evolution: Opportunities in Private Equity and Alternatives for Private Wealth Management and Family Offices” for over 100 PWMA Members, Apprentices, Apprentice Alumni, and #FOAHK Interns. The session kicked off with inspiring welcome remarks from Grant Ko, Vice Chair of FOAHK and Chairman of Wisdom Family Office, and Vivien K.., CEO & MD of PWMA. They highlighted the important partnership between PWMA and FOAHK, and the talent management initiatives of both within the wealth management landscape. Moderated by Andrew Shale (CEO, Asian Private Banker), the panel featured leading experts in alternative investments: 🔹 Frank Yangwen Shen (Head of Greater China, Apollo Global Management, Inc.) shared recent trends in alternative investments, highlighting the differences between private and public market investing. The discussion also compared today’s landscape with that of 15 years ago, noting 90% of companies are private, and how they are choosing to remain private for longer, reshaping access and opportunities in the investment space. 🔹Gary Chan (Head of Private Equity, Sun Hung Kai & Co. Limited) shared some of his experiences in Private Markets investing, highlighting some exciting case studies around real life PE investments, and the relative IRR compared to public markets while emphasizing the importance diversification both geographically as well as by sector.   🔹 Marco T. (Associate Director, EQT Group) offered valuable insights into the different stages of PE investing, evergreen fund structures and partial liquidity, as well discussing definitions of risk in the context of liquidity. The conversation also delved into AI and Fintech as two major investment themes, and how approaches to digitalisation and sustainability can enhance operations and optimize client servicing. To conclude the event, Jim Kwok from Vice Chair from FOAHK and CEO of Topaz Family Office Limited reaffirmed the importance of alternative investments in a diversified portfolio. Jim also encouraged all the Apprentices and Interns to make the most of their current work experience opportunities, emphasizing the lasting value of cultivating professional relationships. The event marked another successful collaboration between #PWMA and #FOAHK - offering a valuable platform for both professional growth and meaningful connection for our Apprentices, FOAHK Interns, and #PWM practitioners. Special thanks to UBS for generously sponsoring the venue. Yohanna Fung Cilla Luke, CIMA® Phoebe Yeung Cherry Chan, CESGA® #PWMAApprenticeshipProgramme #PrivateWealthManagement #NextGen #AlternativeInvestment

We’re proud to highlight the Private Wealth Management Association (PWMA) 's recent participation at #FiNETech6, an impactful forum co-hosted by the Hong Kong Monetary Authority (HKMA) and Cyberport Hong Kong. The event brought together more than 260 industry leaders from the financial and technology sectors to exchange insights, innovation, and solutions. One of the forum's key themes was cyber resilience and data excellence, with a spotlight placed on  #HomomorphicEncryption — a groundbreaking technology that allows computation on encrypted data without needing to decrypt it. This innovation presents a promising path for safeguarding sensitive financial data while maintaining its usability. We were honored to have our CEO Vivien K. join an engaging panel discussion, where she highlighted the growing criticality of cyber resilience and data governance in private banking. She emphasized that these are essential pillars for building trust, ensuring operational excellence, and delivering an exceptional client experience — especially amid the rise of third-party service dependencies and increasing regulatory demands. The panel also featured a distinguished lineup of thought leaders, including Professor SM Yiu The University of Hong Kong and Professor Kang L.M CertiK, Vivi Hu YoujiVest Technology, expertly moderated by Lareina Wang 王玥 from DBS Bank and FinTech Association of Hong Kong. Another highlight was the HKMA’s release of insights from its latest Tech Maturity Stock-take, revealing the significant progress made across Hong Kong's banking sector since the 2022 Tech Baseline Assessment • 📈 Regtech adoption soared from 83% to 97% • 🚀 Insurtech showed remarkable 29% growth, with Greentech (+19%) and Wealthtech (+9%) following: • 🤖 AI implementation jumped from 59% to 75% • 🔗 DLT adoption increased from 30% to 45% • 💰 36% of institutions allocate over 30% of tech budgets to Fintech • 📆 95% plan to maintain or increase Fintech investments over next 3 years As we look ahead, PWMA remains committed to supporting innovation, fostering collaboration, and advancing cyber and data capabilities across the private wealth management sector. We’re excited for continued partnerships that advance Hong Kong’s Fintech transformation, and help shape a secure, innovative, and trusted financial ecosystem for tomorrow. #FiNETech6 #PWMA #HKMA #Cyberport #PrivateBanking #CyberResilience #DataGovernance #WealthTech #FintechHK #AI #DLT #FinancialInnovation #Cybersecurity #HomomorphicEncryption #FutureOfFinance

A big THANK YOU to everyone who attended our recent fireside chat featuring Stephanie Drescher, Partner and Chief Client and Product Development Officer at Apollo Global Management, Inc., moderated by Vivien K., CEO and Managing Director of #PWMA. Your engagement and thoughtful questions helped make the session a meaningful and insightful experience for all. Against the backdrop of recent U.S. tariff announcements - sparking international backlash and a domestic legal debate over presidential authority and Congressional oversight - Stephanie shared candid and insightful views on the potential impacts to the U.S. economy, interest rates, and public market valuations, along with their implications for investors. Additionally, Stephanie offered thoughtful perspectives on the current investment outlook for private markets, highlighting fundamental shifts in how risk and liquidity are being assessed. She also discussed how increased allocations to various private market segments can enhance portfolio diversification and help lower volatility. We also explored Apollo’s strong commitment to Hong Kong and the broader Asia region and its proactive efforts to educate investors on private market dynamics. Edward Moon highlighted the vast opportunities private markets present, while Frank Yangwen Shen elaborated on Apollo Global Management, Inc.'s strategic efforts in the Greater China market, touching on the upcoming collaboration with #PWMA to provide Mandarin language Private Markets training. A very warm thank you to the entire Apollo team – especially Stephanie - for generously sharing your time and experiences with us. It was a wonderful opportunity to hear from a senior global female leader whose insights, advocacy for diversity, and support for Hong Kong are truly inspiring. Let’s continue the dialogue—feel free to share your reflections or key insights in the comments below. Stay tuned for our upcoming sessions! #InvestmentInsights #PrivateMarkets #PrivateCredit #Education Michelle Yang, CFA Cilla Luke, CIMA® Cherry Chan, CESGA®

At our recent #PWMA Leadership Breakfast, our Chairman, Amy Lo, JP, had the pleasure of hosting a dynamic Fireside Chat with Benjamin Hung, Chairman of Financial Services Development Council. The event attracted a full house of senior industry practitioners, creating a vibrant and interactive atmosphere filled with insightful discussions and active audience engagement. During the conversation, Amy and Ben delved into critical topics shaping the future of our industry. Ben provided valuable perspectives on his role at #FSDC and underscored the organization’s mission to position Hong Kong as a premier global financial hub. Key takeaways from the session included: - Collaboration between government and private sectors to strengthen Hong Kong’s standing as a leading international financial center. - Government initiatives focus on nurturing future talent, emphasizing the importance for young professionals to develop the skills needed to excel in a rapidly evolving financial landscape. - Strategies to maintain Hong Kong’s competitive edge amid rising competition from neighboring regions, including enhancing agility through forward-looking policies and fostering a culture of innovation. PWMA is delighted to facilitate these vital conversations between industry leaders and policymakers. The PWMA Leadership Breakfast serves as a vital platform for facilitating open dialogue and exchange of views between senior industry leaders and policymakers, which helps drive the private wealth management industry forward in Hong Kong. David Shick Alex Ng Lemuel Lee Ling Pong Ernest Ho Peter Tung Vivien K.

We’re excited to share the latest edition of the PWMA Digest, featuring industry news highlights from the past month and key PWMA updates from the most recent quarter. Inside, you’ll find a roundup of PWMA’s latest activities, industry developments, and proud achievements. Dive in to stay informed, celebrate our progress, and discover what’s ahead!

PWMA x Helping Hand Community Service - Truths in the Sand On the morning of 28 June, we were honored to partner with Helping Hand 伸手助人協會 to organize an impactful event that brought joy, learning, and empowerment to around 60 elderly residents at Po Lam Jockey Club Housing for the Elderly. A passionate group of apprentices, alumni, and Family Office Association Hong Kong interns came together to learn essential elderly care skills, pack heartfelt gifts, and engage in a series of meaningful and educational activities. Through lively icebreaker games, they built connections with senior community members. Volunteers then led an interactive session on the rising trend of online scams, teaching seniors how to identify suspicious activity and digital fraud, and how to safeguard their wealth. One touching highlight of the event was a sand painting workshop, where apprentices and interns gained meaningful insights into the lives of cherished seniors. The activity not only brought joy and companionship to the elderly but also served as a bridge between the younger and older generations, fostering mutual understanding and support. Most significantly, it exemplified the dedication of the next generation of private wealth management or family office professionals to creating positive social impact. We were truly grateful to see our “big brothers and sisters” leave with radiant smiles that lit up the day. A heartfelt thank you to Judy Chan from Bank of China (Hong Kong) for her exceptional mentorship in guiding PWMA apprentices Nick Wai and Adagio Chan, and alumna Kristy Cheng in bringing this meaningful initiative to life. Helping Hand website: https://xmrrwallet.com/cmx.plnkd.in/gQ3D-C2q #PWMA #FOAHK #ApprenticeshipProgramme #GenerationsTogether #CommunityLove #MentorshipMatters #SeniorVoices #YouthEmpowerment Vivien K. Phoebe Yeung

PWMA X Food Grace Community Service - Fruitful Meal with the Elderly On 21 June morning, we were delighted to collaborate with Food Grace to host a “Fruitful Meal with the Elderly” event. The gathering brought together current and past cohort apprentices, a senior mentor, #PWMA representatives, and members of the underprivileged community in Kwai Chung. It was a fun and rewarding morning filled with teamwork, learning, and compassion. The event kicked off with a culinary briefing, featuring Turmeric Tomato Salmon Rice and Stir-fried Chicken with Bell Peppers as the highlights of our feast. Participants enthusiastically prepared these nourishing dishes using recycled ingredients, learning through hands-on experience. The kitchen buzzed with laughter as they exchanged cooking tips and stories.  The most heartwarming moment came when plates of warm food were shared with the elderly, along with smiles and genuine connection. The organizers wrapped up the event with a lively guessing game, where the elderly identified everyday electronic appliances from glimpses of small parts—an entertaining and interactive test of their observation skills, while also raising awareness about which items can be recycled. This meaningful experience fostered not only culinary skills but also a deeper sense of love and care for those in need. It also heightened our awareness of the #foodwaste issue and #sustainability. Special thanks to Anna Wang from BNP Paribas for her mentorship and to Vivien K., CEO of PWMA for joining this event. Also heartfelt thanks to our project committee: Winnie Ho, Ethan Zhang, Tim Yun and Chloe Chan for their unwavering dedication. Food Grace website: https://xmrrwallet.com/cmx.plnkd.in/gQUya-jW #PWMA #FoodGrace #ApprenticeshipProgramme #PrivateWealthManagement #CommunityService #sustainbility Phoebe Yeung

We were excited to host our webinar titled “The Dynamic Landscape of Digital Assets: Trends and Insights” last week. It was an honor to welcome an esteemed panel of speakers, including Joffrey Desrousseaux from DBS Bank, Lily Liu from Solana Foundation, and Andrew Crawford from Franklin Templeton, with our CEO Vivien K. moderating the discussion. During the session, our speakers examined how blockchain technology is revolutionizing business operations, highlighting key benefits such as enhanced transparency, increased liquidity, and improved efficiency. They also discussed effective strategies for establishing viable business models in the face of evolving regulatory challenges. The speakers provided valuable insights into the future of digital assets, emphasizing how these innovative instruments can help clients diversify their portfolios and navigate the complexities of the financial landscape. They addressed the rise of the next generation of investors and underscored the importance of providing 24/7 services to meet their needs, rather than adhering to traditional 9-to-5 business hours. We extend our gratitude to everyone who attended and participated, and we look forward to more engaging discussions in the future! Cilla Luke, CIMA® Cherry Chan

Thanks to Brookfield Oaktree Wealth Solutions, we had the opportunity to dive deep into one of the most dynamic areas of alternative investing — Asset Backed Finance (ABF) within Private Credit — and its evolving role in wealth management portfolios across Hong Kong. During the in-person session at the Executive Centre Mandy Lee, CFA CAIA, FRM and Oliver W. from Brookfield Oaktree Wealth Solutions explored: - What is Private Credit – its evolution and significance in the current financial landscape. - Growing Opportunity - the unique benefits that private credit offers to both investors and borrowers, highlighting its appeal in today's market. - Private Credit Outlook - the future of private credit, focusing on emerging opportunities for yields and diversified returns that can enhance investment strategies. - Asset-Backed Finance (#ABF) Deep Dive - a thorough examination of how ABF operates, including its mechanisms and potential benefits for various stakeholders. Thanks Brookfield Oaktree Wealth Solutions for providing a welcoming space and light refreshments — creating the perfect setting for industry peers to connect, exchange ideas, and learn in a relaxed and engaging environment. Also much appreciation to our speakers and for the engagement from all participants who contributed to such an interactive and thought-provoking session. The insights shared will help private wealth managers harness this expanding universe to better serve clients and differentiate their offerings. The future of private credit looks promising, and ABF may be one of its most exciting frontiers. Richard Chan, CFA Brian Hui Juliana N. John Li Vivien K. Cilla Luke, CIMA® Cherry Chan #PrivateCredit #AssetBackedFinance #PrivateWealthManagement #AlternativeInvestments