WMI targets 5,000 enrolments into family office programmes by 2025
Michelle Zhu
SINGAPORE’S Wealth Management Institute (WMI) aims to enrol 5,000 participants into its family office programmes by 2025 in view of strong demand for capability building in the sector.
Plans to augment its training and community-building initiatives were announced at the institute’s inaugural Global-Asia Family Office (GFO) Summit by WMI chief executive Foo Mee Har, who highlighted skilled talent as a key enabler for the continued growth and development of family offices.
“The hunger and drive to learn and build expertise (in the family office sector) have been very evident,” said Foo in the opening address at the GFO Summit on Monday (Sep 26).
“We will press on in our efforts so that our learners can gain access to domain experts, change-makers, and distinguished global thought leaders,” she added.
WMI was founded by state investors GIC and Temasek in 2003. Since 2020 the institute has recorded 1,200 enrolments for its family office-related programmes.
In its press statement, WMI said its programmes will cover a range of critical skill sets including investments and portfolio management; environmental, social and corporate governance (ESG); philanthropy; impact investing; trusts; governance; and family office leadership.
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Lim Chow Kiat, chairman of WMI as well as chief executive of GIC, commented: “We are living through changing times, with profound uncertainties on multiple fronts. We need innovative solutions and creative capital to solve the many issues facing us. Family offices, with their higher flexibility and agility compared to institutional capital, can make a decisive contribution’”.
The institute also announced its co-development of a philanthropy guide on donor-advised funds with industry body Private Banking Industry Group.
It further intends to launch a new applied thought leadership journal on family office topics where WMI will share case studies, best practices and practical tools on in-demand topics such as investments, impact, entrepreneurship and governance.
“We aim to play an active role through education and community building to seed new enterprise and innovation, make social impact, and further strengthen the family office ecosystem. We warmly welcome family offices to co-create with us a platform to collaborate, share best practices and build new capabilities,” said Foo.
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