The Hong Kong Monetary Authority and the Private Wealth Management Association of Hong Kong have announced the launch of their Pilot Apprenticeship Programme for Private Wealth Management.

The initiative is designed to provide training and employment opportunities for young talent interested in careers in private wealth management. It will begin with a 'recruitment day' on Saturday at the HKMA, where students may sign up for the 'pilot programme' on the spot.

The Pilot Apprenticeship Programme is the first initiative offering full-time students at institutions funded by the University Grants Committee a multi-year experience dedicated to training in private wealth management. It comprises two rounds of paid summer apprenticeships with a host private wealth management institution, leading to a potential job offer with that firm after graduation. It is to be administered by The Hong Kong Institute of Bankers. The application deadline is 15 April.