As the first, independent family office industry body in Hong Kong, FOAHK has been founded with the clear purpose to promote and further the family office industry in Hong Kong, and support Hong Kong’s growing role as the family office hub of Asia Pacific, FOAHK said in a press release. In celebration of the establishment, FOAHK held an opening ceremony officiated by Joseph Chan, Under Secretary for Financial Services and the Treasury Bureau (FSTB), Stephen Phillips, Director-General of Investment Promotion for InvestHK and Dr. King Au, Executive Director of Financial Services Development Council.