JP Morgan Private Bank Launches Women And Wealth Programme In Asia

Editorial Staff

26 April 2023

has launched its “Women & Wealth” programme in partnership with Sophia, an Asia-based independent financial education platform.

The in-person roundtable events focus on investing and wealth management topics across Hong Kong and Singapore. The roundtable series offers perspectives from women leaders in JP Morgan and beyond in Asia. There are also online financial education courses, the US banking group said in a statement this week.

The bank is trying to tap into the need for women to increase their financial knowledge.

According to a survey Sophia conducted on women and their financial education and wealth management, 96 per cent of women think their financial knowledge needs improvement.

“The programme complements JP Morgan’s strong stance on empowering women throughout each important period of their lives and prioritising their financial health, while helping them tap into the vast investment opportunities – whether their goal is to have liquidity, or to build and preserve wealth,” Kam Shing Kwang, chief executive for JP Morgan Private Bank in Asia and vice chair of investment banking for Greater China, said.

“Women are 51 per cent of the world’s population yet own a third of the world’s wealth. Thanks to the gender wealth and investing gap, women invest at lower rates and less often which leads to women retiring with less wealth,” Christine Yu, co-founder of Sophia, said.

Launched in January 2022 by gender finance veterans Christine Yu, Nicole Denholder and Tanya Rolfe in Hong Kong and Singapore, Sophia is a financial education platform providing digital, in-person and live streamed financial and investing literacy programming made for women.