The Emirates Family Office Association (EFOA) and the Hong Kong Academy for Wealth Legacy (HKAWL) have signed a memorandum of understanding to deepen collaboration between family office ecosystems in the UAE and Greater China.
While the UAE and Hong Kong often compete as leading wealth hubs, this latest partnership reflects a growing trend of strategic cooperation between global financial centres. The agreement focuses on joint efforts in knowledge sharing, network development, and capacity building for family offices across the two regions.
Adam Ladjadj, founder and chairman of EFOA, emphasized the need for global collaboration in a fast-growing sector: “The family office industry is expanding rapidly. It is vital the sector – regionally and globally – is engaged with new learning and relationship building opportunities to ensure best practices.”
Angel Chia, executive director of HKAWL, echoed this sentiment, highlighting the importance of like-minded partners in strengthening a global network of family peers.
This move follows several recent UAE–Hong Kong collaborations, including the 2024 agreements between the Dubai International Financial Centre (DIFC) Courts and The Law Society of Hong Kong, as well as regulatory cooperation between the Dubai Financial Services Authority (DFSA) and Hong Kong’s Securities and Futures Commission (SFC).
HKAWL is also actively partnering with Invest Hong Kong, the Financial Services and the Treasury Bureau, and Bloomberg to further develop the city’s family office sector.
