By South China Morning Post | Created at 2026-09-08 12:08:48 | Updated at 2026-09-08 13:29:00
1 hour ago
Hong Kong’s first university-led wealth management academy was launched on Tuesday, as the city’s rapidly expanding private-wealth industry competes for professionals capable of serving increasingly sophisticated and international clients.
The Wealth Management Academy, established by The University of Hong Kong Business School, aims to bring together policymakers, financial institutions and academics to train professionals for the wealth management, asset management and family-office sectors.
It seeks to connect “policy, industry, academics and research”, with talent development as its overarching objective, according to HKU.
“The quality of human capital ultimately determines how well financial capital is managed,” said Christopher Hui, Hong Kong’s secretary for financial services and the treasury, during a keynote speech at the academy’s inauguration ceremony on Tuesday.
Hui said Hong Kong’s connections with mainland China and the wider world gave the city a “distinctive role”, and that the wealth management industry increasingly required professionals capable of handling investment, succession, governance and cross-border issues.
The launch comes amid rising demand for wealth management professionals and talent as Hong Kong seeks to consolidate its position as a global wealth hub. The city has
overtaken Switzerland as the world’s largest cross-border wealth management centre. Cross-border wealth reached US$2.95 trillion in 2025, compared with Switzerland’s US$2.94 trillion, according to Boston Consulting Group.
