The Hong Kong Monetary Authority and the Private Wealth Management Association are looking to establish a new talent pipeline in the North Asian wealth hub.

The Hong Kong Monetary Authority (HKMA) and the Private Wealth Management Association (PWMA) have jointly announced the launch of The Pilot Apprenticeship Programme for Private Wealth Management (The Pilot Apprenticeship Programme),

The program is an initiative designed to provide specialized professional training and employment opportunities for young talent interested in careers in private wealth management.

Paid Apprenticeships In Wealth Management

The Pilot Apprenticeship Programme is the first initiative offering full-time students at institutions funded by the University Grants Committee a multi-year experience dedicated to training in private wealth management.

It comprises two rounds of paid summer apprenticeships with a host private wealth management institution, leading to a potential job offer with that firm after graduation.

Students will undergo training and on-the-job experience covering a range of private wealth management functions. 

Career Growth Potential

«The Pilot Apprenticeship Programme also offers a unique opportunity for qualified students to embark on an exciting career with tremendous growth potential,» said Amy Lo, Chairman of the PWMA.

For the pilot launch in 2017, it is expected around 20 students will be placed with PWMA member institutions to begin their apprenticeship in the summer of 2017 with a six-week training programme, to be followed by an eight-week training programme in the summer of 2018.

Over the course of their apprenticeship, students will work in a range of functions at private wealth management institutions, learning details about different products and client services, as well as risk management, compliance and internal control.

The Participating Institutions:

Bank of China (Hong Kong)
Bank of Communications
Bank of Montreal
China CITIC Bank International
Citibank
Credit Suisse
Deutsche Bank
Goldman Sachs (Asia)
Standard Chartered Bank (Hong Kong)
UBS