Hong Kong, 28 January 2021 – Family Office Association Hong Kong (“FOAHK”) today announced that it has agreed to join up with the Association of Independent Asset Managers Hong Kong (AIAM HK), a non-profit organisation founded by practitioners who are independent asset managers within the wealth management industry in Hong Kong.
As part of the agreement and upon completion of the transition, AIAM HK’s Board of Director will chair FOAHK’s newly created subcommittee called the External Asset Management (EAM) Committee.
FOAHK Chairman Mr. Chi Man Kwan said “We are delighted to welcome AIAM HK as FOAHK’s EAM Committee. Sharing similar passion and vision, we are confident that this will further the synergies within the family office ecosystem. This is a strategic step forward for FOAHK as we continue our commitment to industry and professional development, strengthening stakeholder collaboration and providing best practice guidance as a further unified voice. We look forward to continuing onwards as a team pursuing common goals, more efficiently and effectively.”
Jessica Cutrera, Committee Member, AIAM HK said “FOAHK has received tremendous traction in the community and have built strong rapport with primary stakeholders since its inception. So it is with great pleasure that we join the FOAHK family as its EAM Committee, which is a response to the industry need for greater collaboration between different industry practitioners in Hong Kong.”
About Family Office Association Hong Kong
Family Office Association Hong Kong (“FOAHK”) is an independent family office trade association established in November 2020. We are a consultative industry body established to lead and drive dialogue between the family office industry, the government and regulatory bodies in Hong Kong. We advocate for legislative and regulatory matters favourable to the development of family office businesses in Hong Kong, with the common goal for the city to become the region’s leading family office hub in Asia-Pacific. We are committed to providing best practice guidance to uphold the profession’s highest industry standards and compliance, as well as facilitate community collaboration among members, governments and other professional parties in Hong Kong and overseas.