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Farewell Letter To Clients Template for Hong Kong

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Key Requirements PROMPT example:

Farewell Letter To Clients

"I need to draft a Farewell Letter to Clients for my departure as a Senior Wealth Manager from a Hong Kong financial services firm, effective March 15, 2025, ensuring compliance with SFC regulations and including information about the new relationship manager taking over my client portfolio."

Document background
The Farewell Letter to Clients is a crucial professional communication tool used when an employee or professional is departing from their current position. This document, governed by Hong Kong law, serves multiple purposes: it maintains professional relationships, ensures compliance with regulatory requirements, and facilitates smooth client transitions. The letter should be drafted in accordance with Hong Kong's Personal Data (Privacy) Ordinance and any relevant industry-specific regulations, such as those from the Securities and Futures Commission for financial services professionals. The document typically includes information about the departure timing, transition arrangements, and new contact details, while maintaining appropriate confidentiality and professional standards.
Suggested Sections

1. Opening and Personal Address: Personalized greeting to the client using their name and appropriate title

2. Announcement of Departure: Clear statement of the departure or transition, including the effective date

3. Expression of Gratitude: Sincere thanks for the client's business and trust over the period of the relationship

4. Transition Plan: Clear explanation of what will happen to their account/business relationship

5. Contact Information: New contact details or information about who will be handling their matters going forward

6. Closing Remarks: Professional closure with appropriate sign-off

Optional Sections

1. Reason for Departure: Brief explanation of the change, if appropriate and professional to share

2. History of Relationship: Brief mention of the length and significance of the business relationship, particularly useful for long-term clients

3. Introduction of Successor: Detailed introduction of the person taking over, if applicable

4. Future Business Arrangements: Information about any new business or practice being established, if applicable and not restricted by non-compete agreements

5. Timeline of Transition: Detailed schedule of any transition period, if the change involves multiple steps

Suggested Schedules

1. Contact Information Sheet: Detailed contact information for new point(s) of contact, including office address, phone numbers, and email addresses

2. Transition Timeline: If complex, a detailed schedule of important dates and actions required during the transition

3. FAQs: Common questions and answers about the transition process and what clients can expect

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















Clauses














Relevant Industries

Financial Services

Legal Services

Professional Services

Consulting

Wealth Management

Insurance

Real Estate

Investment Banking

Accounting

Private Banking

Asset Management

Corporate Advisory

Healthcare Services

Technology Services

Relevant Teams

Client Services

Relationship Management

Wealth Management

Private Banking

Investment Advisory

Business Development

Account Management

Professional Services

Client Solutions

Customer Success

Sales

Advisory Services

Relevant Roles

Relationship Manager

Client Service Manager

Financial Advisor

Account Manager

Partner

Director

Senior Associate

Wealth Manager

Investment Advisor

Private Banker

Insurance Agent

Real Estate Agent

Business Development Manager

Portfolio Manager

Client Solutions Director

Consultant

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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