HKIB ECF-RWM Core case studies

HKIB ECF-RWM Core · Put your knowledge to work in context.

The Enhanced Competency Framework on Retail Wealth Management (ECF-RWM) is one of the specialist streams listed by The Hong Kong Institute of Bankers (HKIB) under its Enhanced Competency Framework (ECF) family of professional qualification programmes. HKIB describes itself as the first not-for-profit banking institute in Hong Kong, serving the local banking and financial industry as a professional training provider and qualification benchmark setter, and it lists Retail Wealth Management alongside Private Wealth Management, AML/CFT, Cybersecurity, Credit Risk Management, Fintech, Green and Sustainable Finance and Operational Risk Management in its ECF Overview. The HKIB ECF-RWM Core case studies are 5 cases and about 3,787 words.

Elderly client, a stale risk profile and an AT1 perpetual bond

Mrs Chan is 78, widowed and retired. She has HK 4.2 million in HKD time deposits, HK 1.1 million in an MPF default fund, and no mortgage.

843 words, about 4 min 2

An aggressive score, a 20-month horizon and leveraged equity

Mr Lee is 34, an IT project manager earning HK 70,000 a month. He is married with a three-year-old child and rents a flat.

682 words, about 3 min 3

Execution-only instruction, employer-stock concentration and a closed period

Ms Wong is 41, a senior director at a Hong Kong-listed technology company. Her total net worth is about HK 9 million, of which HK 6 million is in vested shares and options in her employer; the rest is in a flat she owns with a mortgage and HK 1 million in deposits.

758 words, about 4 min 4

AT1 fund, a sales contest and a retired income client

A retail bank's product committee has approved distribution of a 'Global Bank Capital Fund' that invests mainly in AT1 and other contingent convertible bonds. The fund's offering document states it is suitable for investors with 'high risk tolerance' and that distributions may be paid out of capital.

729 words, about 4 min 5

Premium-financed universal life and a HIBOR-linked loan

Mr Cheung is 55, a Hong Kong business owner with variable income averaging HK 1.5 million a year. He has HK 5 million in other financial assets and two children studying in the UK.

775 words, about 4 min