HKIMR seminar - Advancing Talent
Development in Financial Services: Emerging
Global Trends and Their Impact on Hong Kong
25 January 2024
The Hong Kong Academy of Finance (AoF) and the Hong Kong Institute for Monetary and Financial Research (HKIMR) hosted a seminar titled "Advancing Talent Development in Financial Services: Emerging Global Trends and Their Impact on Hong Kong" on 25 January 2024.
(From left to right) Professor Kar Yan Tam, Dean of the School of Business and Management at HKUST; Dr Giorgio Valente, Head of the HKIMR; Mr Enoch Fung, CEO of the AoF and Executive Director of the HKIMR; Mr Robert Rooks, CEO of R.J. Advisors and former Partner at Deloitte; Mr Larry Cao, former Senior Director at CFA Institute
The seminar brought together approximately 60 industry leaders, including C-suite executives, HR and other business heads from financial institutions and industry associations.
Dr Giorgio Valente, Head of the HKIMR first gave an overview of the HKIMR's new applied research report, including the latest trends driving the talent developments in Hong Kong and other IFCs.
Dr Giorgio Valente, Head of the HKIMR
Mr Enoch Fung, CEO of the AoF and Executive Director of the HKIMR then chaired a panel comprising Mr Larry Cao, former Senior Director at CFA Institute; Mr Robert Rooks, CEO of R.J. Advisors and former Partner at Deloitte; and Professor Kar Yan Tam, Dean of the School of Business and Management at HKUST. The panel covered several important observations:
• The industry is facing talent challenges due to decreasing allure, shifting employee priorities, and evolving skill requirements
• The industry has reacted proactively and further enhancement will require making people management a business priority
• Hong Kong exhibits clear advantages in attracting talent, as evident by market views and the recent surge of talent inflow
• Upskilling and adaptation are necessary for harnessing the potentials of artificial intelligence in improving productivity
(From left to right) Mr Enoch Fung, CEO of the AoF and Executive Director of the HKIMR; Professor Kar Yan Tam, Dean of the School of Business and Management at HKUST; Mr Robert Rooks, CEO of R.J. Advisors and former Partner at Deloitte; Mr Larry Cao, former Senior Director at CFA Institute