A New Era of Collaboration for Wealth Management

In an exciting move set to bridge two of the globe’s most influential financial regions, the Emirates Family Office Association (EFOA) has forged a strategic Memorandum of Understanding (MoU) with the Hong Kong Academy for Wealth Legacy (HKAWL). This alliance promises to enhance collaboration and knowledge-sharing between family offices in the UAE and Greater China.

Elevating Global Family Offices

This partnership is not just a signature on paper; it's a revolutionary step towards nurturing a robust and interconnected family office ecosystem across borders. As both organizations aim to create a forward-thinking network, the MoU marks a significant milestone in the ongoing evolution of family wealth management.

HKAWL: A Rising Star in Wealth Education

Established in 2023, the Hong Kong Academy for Wealth Legacy is rapidly gaining recognition for its commitment to excellence in the family office sector. The institution offers a rich array of educational resources, networking opportunities, and thought leadership for family principals, next-generation leaders, and single-family office practitioners. This mission aligns seamlessly with that of EFOA, an independent group dedicated to supporting family offices both in the UAE and internationally through advocacy and education.

A Shared Vision for Growth

The new MoU reflects a mutual ambition to enhance training and development initiatives, positioning both Abu Dhabi and Hong Kong as key players in the competitive global family office landscape. Adam Ladjadj, Founder and Chairman of EFOA, remarked on the critical nature of this partnership, stating, 'Receiving knowledge and building relationships is essential as the family office industry evolves rapidly on both local and global levels.'

Strengthening Cross-Border Connections

Fahad Al Gergawi, an EFOA Board Member, shared insights on the significance of identifying HKAWL as a partner. He highlighted how this collaboration provides EFOA members access to crucial regional connections, making cross-border operations smoother and less costly, particularly in navigating Asian markets.

Celebrating International Cooperation

Representatives from HKAWL also expressed enthusiasm about this collaboration, recognizing the increasing necessity for international synergy among family offices. Angel Chia, Executive Director of HKAWL, stated, 'As we expand our network, we are thrilled to partner with organizations that share our vision, facilitating new avenues of cooperation between the Middle East and Asia.'

Addressing Global Challenges Together

Adrian Cheng, Chairman of HKAWL, emphasized that the challenges faced by wealth and business families are universal. He noted the importance of learning and evolving collaboratively as both regions experience transformation in family enterprises and governance. The timing for this MoU could not be more fortuitous for fostering growth.

Building on a Solid Foundation

This partnership with HKAWL is the latest in a series of strategic agreements EFOA has established in 2024, including collaborations with the Middle East Venture Capital Association and the Chinese financial data provider Wind. These initiatives highlight EFOA's dedication to fostering global connectivity, insightful education, and a vibrant community for family offices worldwide.