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Financial Services and the Treasury Bureau

It is a policy objective of the Financial Services and the Treasury Bureau (FSTB) of the HKSAR Government to strengthen Hong Kong’s position as a premier asset management hub.  To this end, FSTB has initiated the WAM Pilot Programme to enhance talent development as a measure to facilitate further development of the asset and wealth management sector.  FSTB chairs a Steering Committee, comprising representatives from the industry associations, academia and the financial regulators to oversee implementation of the WAM Pilot Programme.

Hong Kong Securities and Investment Institute

Drawing on their expertise in fulfilling the training needs of the financial services industry, FSTB has appointed the Hong Kong Securities and Investment (HKSI) Institute as the implementation agent of the WAM Pilot Programme.  The HKSI Institute will be responsible for planning and implementing the WAM Pilot Programme and its key initiatives, while FSTB will be overseeing and monitoring the implementation of the initiatives.


The HKSI Institute, a professional membership organisation established in December 1997, aims to raise the professional standards for securities and finance practitioners in Hong Kong.  Their mission is to promote the highest standards of integrity, business ethics and professional competence in the securities and investment industry through education, training and examinations.  A Project Team has been set up to implement the two initiatives under the WAM Pilot Programme.

Steering Committee

A Steering Committee has been formed with the following responsibilities:


  • to advise on the implementation plans and budgets;
  • to monitor and review the implementation of the initiatives; and
  • to make recommendations on the WAM Pilot Programme.


Committee members are representatives from industry associations, academia and financial regulators



Ms Manda Chan, Deputy Secretary for Financial Services & the Treasury (Financial Services)1


Dr Billy Mak, Hong Kong Baptist University (HKBU)

Mr Derek Shek, Securities and Futures Commission of Hong Kong (SFC)

Ms Ding Chen, Chinese Asset Management Association of Hong Kong (CAMAHK)

Mr Michael Bugel, Alternative Investment Management Association (AIMA)

Ms Vivien Khoo , Private Wealth Management Association (PWMA)

Prof Kalok Chan, City University of Hong Kong (CityU)

Ms Elisa Ng, Hong Kong Investment Funds Association (HKIFA)

Ms Carrie Chan, Hong Kong Monetary Authority (HKMA)