Hong Kong picks financier Angel Chia to head city’s wealth academy to woo family offices

Chia, the former chief executive of EAM SingAlliance (Hong Kong), has spent more than 20 years in the financial industry

Less than a year ago, she started NexGenerator, a family office accelerator that educates family offices’ next-generation in private wealth management

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A view of the West Kowloon Cultural District (WKCD) from The Peak on 18 January 2024. SCMP / May Tse

Published: 10:43am, 23 Jan 2024

Angel Chia, who has spent two decades in stockbroking and working with family offices, has been appointed as the executive director of the Hong Kong Academy for Wealth Legacy (HKAWL) to spearhead the city’s bid to be the regional hub for multigenerational fortunes.

Chia, the former chief executive of EAM SingAlliance (Hong Kong), has spent more than 20 years in the financial industry, from securities dealing to asset management in Hong Kong, Singapore, Taipei and New York. Less than a year ago, she started NexGenerator, a family office accelerator that educates family offices’ next-generation in private wealth management.

The Financial Services Development Council (FSDC) made the announcement on Tuesday. The academy, set up in November, is aimed at catering to family offices, next-generation wealth owners and wealth management professionals.

“Her extensive experience and expertise in the family office sector, coupled with her passion for empowering the next generation of family principals, will undoubtedly add significant value to the HKAWL in engaging the industry,” said Adrian Cheng Chi-kong, the chief executive of New World Development and chairman of the academy’s board. “I look forward to working with her to promote Hong Kong’s competitiveness as premier family office hub.”

An undated photograph of Angel Chia, currently the Chair of the Family Office Association Hong Kong (FOAHK). Photo: Linkedin/ Angel Chia

The academy is aimed at nurturing financial talent and augmenting the city’s claim as Asia’s hub for wealthy family offices. It will foster collaborations through networking, knowledge sharing and talent development via workshops, conferences and networking events.

The Undersecretary for Financial Services and the Treasury Joseph Chan Ho-lim, the FSDC’s executive director Au King-lun and Charles Ng Siong-kwong from the office of the Financial Secretary will represent the city.