FSDC x FOAHK 2023
Summer Internship Program
The Greater Bay Area (“GBA”) is one of the wealthiest regions in Mainland China. It has a combined population of over 72 million people, and it is home to around 20% of the nation’s overall High Net Worth Individuals (“HNWI”). GBA boasts a GDP of nearly HK$13 trillion. Hong Kong’s inherent advantage in its deep pool of financial and professional service talents in investment, wealth management, legal and tax advisory would become even more prominent, as its integration within the GBA continues.
The rapid accumulation of wealth in the Asian region and within GBA has supercharged the Family Office industry. As a Family Office expand in size and transition through generations, its needs and demands evolve and diversify, many family office owners recognize the necessity of a clear strategy, sound governance and infrastructure, and efficient execution of their operations can only be found in bespoke and professional management.
The question follows then whether Hong Kong, as one of the leading Family Office hubs in the world, provides a talent pool to match and sustain the development of this flourishing industry.
Since our establishment, Family Office Association Hong Kong (FOAHK) has been dedicated to fostering family office talent, bringing together government, business and academia to nurture the next generation of family office executives.
We believe talent development is a pillar critical for the future of the family office industry.
The talents to a future-proof Family Office would require specialized skills beyond bankers, investment specialists, tax experts and lawyers, but all-rounded management capability with a thorough understanding of the purpose of family offices, how family offices operate, and their wide spectrum of functions – a passionate individual supported and enabled by innovative technologies to serve the ever-increasing complexity and diversity of the financial and non-financial needs of the Family Office.
This is the reason why a candidate should explore an internship opportunity with a Family Office through FOAHK.
Undergraduate and graduate students can apply for an 8-10 week summer internship with an FOAHK member-employer for 2023.
The internship program will allow students to gain exposure across a range of functions in the family office industry.
The Internship will expose students to “front-to-back” experience in a Family Office business. Successful applicants will have the opportunity to learn about different investment products, client services, risk management, compliance and internal controls. The experience gained through this program will provide students a solid foundation for a career in the Family Office industry.
The following member employers of FOAHK will employ selected candidates:
The Internship will expose students to “front-to-back” experience in, and/or facing Family Office business. Successful applicants will have the opportunity to learn about different investment products, client services, risk management, compliance and internal controls of family office wealth management business model. The experience gained through this programme will provide students a solid foundation for a career in the Family Office industry.
Specific job scope includes:
- Exposures to various asset classes and markets including funds, private equity, structured products and secondary market instruments.
- Screening incoming third-party funds and recommending for investments to the committee.
- Conducting industry research, commercial diligence, and financial analysis.
- Assisting in operations, including but not limited to launching new funds and assisting with deal execution covering legal and tax structuring.
- Identifying private deals’ opportunities on the financial market and new distribution channels for secondary market products.
- Collaborating with compliance team on investment structure, contract and agreements negotiation.
- Any ad-hoc duties as assigned.
You can apply online up to May 06, 2023, 23:59 HKT.
Employers are reviewing applications on a rolling basis, so we encourage you to apply early because interviews can occur prior to the application deadline.
