Demand from Chinese customers for private-wealth management is increasing in Hong Kong and it is quite possible that banks develop in this sector, thus Hong Kong’s Private Wealth Management Association (PWMA) seeks expertise from Switzerland and plans to train more young talent. A knowledge exchange with Switzerland can be very useful for the city as both places share many similarities, such as being a financial center or a gateway to a bigger market. In addition, Switzerland has a strong apprenticeship tradition.
Currently, the PMWA considers including delegates from the Swiss Bankers Association in its wealth management summits. There are also discussions about an exchange program in which wealth management professionals from Hong Kong receive training in Switzerland and Swiss bankers are being sent to Hong Kong and learn about its wealth management industry.
