BOC Life and Deloitte Private announce collaboration on wealth succession initiatives for HNW clients

BOC Group Life Assurance Company Limited ("BOC Life") is pleased to announce a new collaboration with Deloitte Private, aimed at supporting initiatives in respect of high net worth (HNW) individuals and families on cross‑generational wealth succession planning, regulatory compliance, and long‑term wealth management advisory. As part of the collaboration, BOC Life and Deloitte Private will jointly publish a booklet titled "Wealth That Shines Across Generations", which explores the key challenges faced by HNW families in wealth succession today and covers key insights with practical general information.

The signing ceremony marking the official launch of the collaboration was witnessed by Wilson Tang, Chief Executive of BOC Life and Allen Wong, Hong Kong Business Managing Partner of Deloitte China. Alfred Cheung, Deputy Chief Executive and Chief Sales Officer of BOC Life, and Anthony Lau, Hong Kong Leader of Deloitte Private and Hong Kong Tax & Business Advisory Leader of Deloitte China, signed the memorandum of understanding on behalf of the two parties.

Wilson Tang, Chief Executive of BOC Life, says, "With High-Net-Worth (HNW) customers seeking increasingly sophisticated asset management and legacy planning, cross-sector expert collaboration has become pivotal to the growing needs of wealth management and generational succession. BOC Life continues to proactively expand its footprint in the HNW market as a trusted life partner to our customers. We are delighted to collaborate with Deloitte, bringing together BOC Life's strengths in wealth protection and Deloitte's deep expertise in taxation and family office advisory. By enhancing our service capabilities through professional exchange, customer education, and specialist advisory services, we will deliver comprehensive, tailored long-term legacy planning and succession solutions to customers. Together, we aim to leverage our complementary strengths to create cross-generation and sustainable wealth for our customers."

Edward Au, Southern Region Managing Partner of Deloitte China, says, "We are delighted to collaborate with BOC Life to launch this wealth succession initiative for HNW clients, combining Deloitte's strengths in tax planning, family governance, succession planning, and compliance with BOC Life's deep experience in insurance. Together, we are building strategies that are grounded in technical knowledge and guided by a long-term perspective. As Hong Kong solidifies its position as the world's largest cross boundary wealth management centre, we have seen rising demand for integrated wealth management among HNW individuals, especially in intergenerational succession and compliance. At Deloitte Private, we focus on serving HNW individuals and family businesses, working closely with the HKSAR government and industry stakeholders to advance family office policy research and ecosystem development. Through this collaboration with BOC Life, our goal is to help clients preserve and transfer wealth securely across generations, while reinforcing Hong Kong's position as an international asset and wealth management centre."

To explore wealth and succession planning, "Wealth That Shines Across Generations" will cover three core pillars: challenges in cross generational wealth succession, the new normal in tax and compliance, and strategic asset allocation. Against the backdrop of shifting global compliance reporting standards such as the Common Reporting Standard (CRS) and Crypto-Asset Reporting Framework (CARF), the booklet will cover general information on building resilient and compliant asset structures, utilising tools such as life insurance to evolve from "accumulating wealth" to "managing wealth."

BOC Life and Deloitte Private launch strategic wealth succession initiative for HNW clients. Alfred Cheung, Deputy Chief Executive and Chief Sales Officer of BOC Life (second left), and Anthony Lau, Hong Kong Leader of Deloitte Private and Hong Kong Tax & Business Advisory Leader of Deloitte China (second right), signed the memorandum of understanding on behalf of both parties. The signing was witnessed by Wilson Tang, Chief Executive of BOC Life (first left) and Allen Wong, Hong Kong Business Managing Partner of Deloitte China (first right).

Wilson Tang, Chief Executive of BOC Life (second left), Alfred Cheung, Deputy Chief Executive and Chief Sales Officer of BOC Life (first left), Edward Au, Southern Region Managing Partner of Deloitte China (centre), Allen Wong, Hong Kong Business Managing Partner of Deloitte China (second right), and Anthony Lau, Hong Kong Leader of Deloitte Private and Hong Kong Tax & Business Advisory Leader of Deloitte China (first right) at the launch of the collaboration.