It used to be said that a respectable golf handicap was the main qualification for a job in private banking, but those days are long gone.
Now, anyone looking to forge a career in the sector must have an in-depth understanding of complex financial products and continue to acquire the professional credentials to prove it.
That is especially important in a city like Hong Kong, where ambitions to expand as a global financial centre depend on maintaining the highest standards and developing the right kind of talent.
With those goals in mind, the Hong Kong Securities Institute (HKSI) has just introduced a new professional qualification with a strong practical focus.
The certified international wealth manager (CIWM) diploma is global in terms of curriculum, teaching and outlook.
It is designed for experienced financial, legal and other professionals who already work in the sector, such as private bankers, asset managers, compliance offic