Adrian Cheng to lead new Academy for Wealth Legacy promoting HK as leading global family office hub

The Financial Services Development Council announced on Thursday the establishment of the Hong Kong Academy for Wealth Legacy, with New World Development Chief Executive Adrian Cheng Chi-kong appointed as the Chairman of the Board of Directors with effect from November 14, 2023.

Commissioned by the SAR government, the academy is a pioneering institute dedicated to driving excellence and strengthening Hong Kong as a leading global family office hub. 

Fostering collaboration, networking, knowledge sharing and talent development across the sector, the academy is committed to invigorating a vibrant ecosystem for family offices worldwide, guiding next-generation wealth owners and professionals in private wealth management with veteran counsel, and establishing Hong Kong as a principal center for managing family wealth legacies.

Cheng has been appointed as the Chairman of the Board of Directors upon the incorporation of the academy as a company limited by guarantee.

Seven distinguished industry leaders have also been appointed to the Board.

Drawing on their extensive expertise from the family office sector, academia, professional services, and the public sector, these members will provide invaluable guidance on the vision and strategic planning of the HKAWL and solidify Hong Kong as a leading hub for family offices worldwide.