Hong Kong’s Financial Services Development Council (FSDC) is setting up a new academy that will nurture financial talent to cater to family offices, according to an SCMP report. The Hong Kong Academy for Wealth Legacy, which will be chaired by Adrian Cheng, will foster collaborations through networking, knowledge sharing, and talent development via workshops, conferences, and events. The academy targets family offices or next generation wealth owners and professionals in the management of private wealth, according to the report. The academy will create a talent pool for the industry. Hong Kong has earlier revealed a set of measures to persuade affluent communities from across the globe to set up their family offices in the city.