Strong growth of the sector due to economic growth and wealth accumulation in Asia, financial market liberalisation in the Mainland and government policy to propel the development of Hong Kong’s asset and wealth management business
Tremendous demand for investable assets and packaged investment products is expected due to economic growth and wealth accumulation in Asia and financial market liberalisation in the Mainland. Being the top asset management centre in Asia, with asset and wealth management business reaching US$4.5 trillion (at end-2020), asset management professionals are essential to sustaining our competitive edge and tapping into the increasing wealth creation. As mentioned in the 2017 Policy Address, Hong Kong will capitalise on the opportunities arising from the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Bay Area to reinforce and enhance our status as an international asset management centre. Experienced asset management professionals are necessary to further the development of the industry.
The Financial Services Development Council (FSDC) in its 2015 Report on Developing Hong Kong’s Human Capital in Financial Services pointed out that there are management positions especially for middle and back office positions yet to be filled. The sector would be expecting a moderate increase in demand. Furthermore, according to FSDC’s 2020 Sector Survey Paper on Hong Kong as the Regional Wealth Management Hub, a majority of surveyed private wealth management practitioners considered that Hong Kong is facing a talent gap, and the gap is obvious in certain functions including investment specialists/advisors, portfolio managers and compliance and risk management.
| ● | Experienced investment analysts and investment consultants with expertise in researching into a wide variety of investment opportunities, including alternative investment, and putting together investment portfolios tailored to the needs of the clients. Their tasks are concerned with the development and retention of personal and fund business and its administration with the objective of profit and quality services to customers. |
| ● | Experienced fund managers with expertise in supervising day-to-day administration of fund portfolios, selecting the securities and shares of the fund portfolios, implementing the investment policy and distribution policy as stated in the contract, calculating the unit price of fund portfolios, and promoting various fund portfolios to customers. |
| ● | At least a bachelor's degree in commerce, finance, business administration, economics, accounting, law and received on-the-job training and industry courses and programmes; and |
| ● | At least 3 years of relevant experience in fund management industry; knowledge in finance and client servicing (if applicable) and language skills (e.g. English and/or Mandarin). |
Financial Services and the Treasury Bureau
Email: info@fstb.gov.hk