The Hong Kong business associations represent practitioners in the family offices and independent asset manager spaces.

Family Office Association Hong Kong is joining with the Association of Independent Asset Managers Hong Kong.

As part of the agreement, AIAM HK’s board director will chair FOAHK’s newly-created sub-committee, called the External Asset Management Committee.

“This is a strategic step forward for FOAHK as we continue our commitment to industry and professional development, strengthening stakeholder collaboration and providing best-practice guidance as a further unified voice,” FOAHK chairman Chi Man Kwan said.

Jessica Cutrera, committee member, AIAM HK said: “FOAHK has received tremendous traction in the community and [we] have built strong rapport with primary stakeholders since its inception. So it is with great pleasure that we join the FOAHK family as its EAM Committee, which is a response to the industry need for greater collaboration between different industry practitioners in Hong Kong.”

FOAHK was established last November.