Coming weeks after EFG, the renowned Swiss private bank, had announced that it will continue its sponsorship of the HKGA's junior development programme to the tune of HK$3 million over the next three years, the event was attended by a select group including the charity's sponsors, Hong Kong Golf Association executive committee members and the main beneficiaries of the charity – the Hong Kong junior squad. All the money raised from the day will go towards the activities of the foundation.
"At EFG Bank, we believe in identifying and investing in talent early," said Albert Chiu, chief executive of EFG Bank Asia. "Since 2008, we have forged a partnership with the HKGA to foster young golfing talent. In support of this, we have also formally launched the EFG Bank Young Golfers Foundation in 2010."
The EFG Bank Young Golfers Foundation aims to promote and support the development of young golfers in Hong Kong up to the age of 21. It will support young players competing overseas, provide scholarship schemes, and enable new tournaments to strengthen the base of Hong Kong's younger players. In addition, funding will be available to other organisations active in supporting young golfers in Hong Kong.