The (WMI) in Singapore is partnering with the Private Banking Industry Group (PBIG), to step up efforts to build philanthropy advisory capabilities in the private banking sector.
The partnership was unveiled at the WMI Global Family Office (GFO) Summit.
The latest phase of the partnership concentrates on improving the philanthopry advice and capabilities of client-facing advisors.
Philanthropy advice, while not a new topic, is becoming more significant in the wealth management sector, and the demands on advisors aren’t simple, as discussed by this publication here.
"As clients increasingly seek holistic, impact-driven wealth planning, the need for highly-skilled philanthropy advisors has never been greater. Families want trusted partners who can engage in meaningful conversations about values, legacy, and purpose,” Young Jin Yee, co-head, UBS Global Wealth Management APAC and chair of the PBIG Philanthropy Workgroup, said at the conference.
Since 2022, WMI's philanthropy programmes have achieved about 600 enrolments. New programmes are in the works, including a Certificate in Philanthropy and Social Impact for Greater China Markets to be launched in November.
WMI, which was founded in 2003 by GIC and Temasek, has more than 17,000 enrolments a year and has more than 150 programmes. WMI leads the Global-Asia Family Office (GFO) Circle, a network platform that builds capabilities and fosters community within the family office sector.
Foo Mee Har, CEO of the WMI, delivering the welcome remarks at the Owner's Symposium in WMI's Global-Asia Family Office Summit 2025