Financial Adviser

To establish a new qualification which appears to run the very real risk of giving credibility to those who do not deserve it, simply exposes the consumer to greater, not reduced, risk. Photo: AP

Wealth management bid bound to fail

Last month the Hong Kong Institute of Bankers, Treasury Markets Association and Hong Kong Securities and Investment Institute published a consultation paper. It seeks to help Hong Kong gain a larger share of the private wealth management (PWM) business in Asia-Pacific, by establishing a new qualification and a PWM association, to improve standards of training, qualification and the integrity of PWM practitioners.

  • 1
  • 2