Empowering African Prosperity through Professionalism and Innovation
Organisational Overview
The African Wealth Management Authority (AWMA) is a pioneering non-governmental organisation dedicated to advancing the wealth management industry across Africa. With a focus on professionalism, collaboration, and innovation, AWMA aims to set industry benchmarks, foster partnerships, and advocate for financial inclusion and sustainable economic development throughout the continent.
Purpose
AWMA strives to catalyse excellence and sustainability in African wealth management, contributing to the prosperity of all Africans.
Vision
To be the leading organisation driving professionalism, collaboration, and innovation in the wealth management sector across Africa. AWMA envisions a future where professionalism and inclusivity characterise the wealth management industry, contributing to sustainable economic growth and prosperity for all Africans.
Pioneering Professionalism:
AWMA leads the charge in establishing and promoting consistent professionalism and standards across the African wealth management industry. By addressing the lack of uniformity in practices and standards, AWMA ensures clients receive reliable and high-quality services, setting a benchmark for professionalism that distinguishes its members.
Cohesive Collaboration Hub:
AWMA serves as a dynamic hub for collaboration, fostering connections and knowledge-sharing among diverse stakeholders in the wealth management sector. By breaking down silos and facilitating partnerships, AWMA fuels innovation and growth opportunities, creating a vibrant ecosystem that propels the industry forward.
Comprehensive Advocacy Platform:
AWMA stands as a powerful advocate for the interests of the African wealth management industry, engaging with regulatory bodies, policymakers, and international stakeholders. By championing policies that promote financial inclusion, equitable wealth distribution, and sustainable economic development, AWMA ensures a conducive environment for industry growth while safeguarding investor interests and market integrity.
Mission
- Advancing the Wealth Management Industry: AWMA promotes professionalism, collaboration, and innovation to advance the wealth management industry in Africa.
- Catalysing Excellence and Sustainability: AWMA aims to catalyse excellence and sustainability in African wealth management by promoting best practices, advocating for industry interests, and driving positive change for clients, practitioners, and stakeholders.
Goals
- Establish Industry Standards: Develop and promote industry standards and best practices for wealth management professionals and institutions operating in Africa.
- Enhance Professional Development: Provide education, training, and professional development initiatives to enhance the skills and expertise of wealth management practitioners.
- Foster Collaboration and Networking: Facilitate collaboration, networking, and knowledge sharing among industry stakeholders to create a cohesive and dynamic wealth management ecosystem.
- Advocate for Industry Interests: Advocate for the interests of the African wealth management industry in regulatory, policy, and market discussions at regional and international levels.
- Promote Financial Inclusion and Market Integrity: Promote financial inclusion, investor protection, and market integrity to support sustainable economic growth and development in Africa.
- Support Socio-Economic Growth: Support initiatives and projects that contribute to sustainable economic development, job creation, and infrastructure development across Africa.
Objectives
- Coordinate Wealth Management Strategies: Facilitate communication and collaboration among stakeholders to ensure coherence and effectiveness in wealth management practices.
- Attract Investments: Promote investment opportunities and facilitate connections between investors and local businesses in Africa.
- Ensure Equitable Wealth Distribution: Advocate for policies and initiatives that address wealth disparities and promote equitable wealth distribution across Africa.
- Enhance Global Economic Integration: Foster partnerships and collaborations with international stakeholders to enhance Africa’s integration into the global economy.
- Prioritise Capacity Building: Invest in training, education, and professional development initiatives to build the skills and capabilities of wealth management professionals and institutions across Africa.
Background Problems and Gaps Leading to AWMA’s Foundation
AWMA was founded in response to several critical issues facing the wealth management industry in Africa, including lack of professionalism, limited collaboration, inadequate regulation, financial exclusion, low financial literacy, unsustainable economic growth, inequality in wealth distribution, lack of capacity building, environmental degradation, and resource management challenges.
Meet Our Founder: Peter Zimzim Desh
Born in war-torn South Sudan, Peter Zimzim Desh overcame adversity to pursue education, obtaining degrees in Accounting & Finance and Production & Operations Management, and an MSc in Development Administration and Planning from UCL. His journey inspired him to bridge skill gaps in South Sudan, fostering national unity through sustainable development programs. He expresses profound gratitude to Windle Trust International for the opportunity.
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