Wealth Management

Trust Training Certificate (TTC) - Unit 20: Collective Investment Schemes – Part 2 Public Offering Arrangements


This is Unit 20 of the training programme in pursuing the “Trust Training Certificate”.

It consists of one module – Module 29: Collective Investment Schemes – Part 2 Public Offering Arrangements.

For the topics to cover, please refer to the content section below.


In regard to Unit Trusts (“UT”), Mutual Funds (“MF”) and Open-ended Fund Companies (“OFC”):
- Differences between UT, MF & OFC and HK’s regime (Code on Unit Trust & Mutual Funds, OFC Code)
- Parties to each
(a) Trustee
(b) Director
(c) Distributor
(d) Investment manager / investment advisor
(e) Custodian / sub-custodian
- Roles, responsibilities of trustee with overview of other parties
- Regulations and regulatory requirements
- An overview of non-HK funds (such as the Cayman Islands, Luxembourg and Ireland) which are offered to the HK public.

Who should attend

The course is primarily targeted to those who would like to pursue “Trust Training Certificate” in order to apply for the Hong Kong Trustees’ Association Certified Trust Practitioner? designation.

It is also relevant to those who would like to gain a solid understanding of the course subject matter.

Speaker/Course Instructor

Abigail JONES
Abigail Jones is Senior Vice President, Head of Legal Asia Pacific at State Street, responsible for running the APAC regional legal function across State Street’s asset servicing, asset management and markets businesses, including its Hong Kong trustee and custodian businesses. Ms. Jones has extensive experience in funds management, trusts, capital markets, mergers and acquisitions, corporate governance and competition law. She holds a combined degree in Arts Law from the University of Sydney and a Masters in Law and Management from the University of New South Wales, and has practised in Australia, Ireland and Hong Kong. She is admitted as a lawyer in the Supreme Court of New South Wales, and is a member of the Australian Corporate Lawyers Association, and the Association of Corporate Counsel Hong Kong.
Jillian SAVAGE
Jillian Savage is Head of Legal for State Street Bank & Trust Company's Global Services business, for North Asia (ex-Japan), responsible for the legal work required to support its trustee, custodian and administrative services to Hong Kong unit trusts and local servicing of its Cayman Islands unit trust business. Ms. Savage holds degrees in Political Science and Law from the Australian National University, a Masters in American Politics and Jurisprudence from the University of Wisconsin-Madison and a Masters in Law from Columbia University in New York. She is admitted as a lawyer in the Supreme Court of New South Wales, Australia and the Grand Court of the Cayman Islands. Ms. Savage has practised in Australia, the Cayman Islands and Hong Kong, specializing in trusts, funds management, mergers and acquisitions and capital markets, and has taught at the Australian National University Law School, the University of Canberra School of Law and the Department of Political Science at the University of Wisconsin-Madison.
Gabriel CHEUNG
Gabriel Cheung is the Hong Kong Head of Trustee Services at Brown Brothers Harriman, delivering trustee services that support the operational, regulatory and governance requirements of Hong Kong unit trusts including Hong Kong domiciled ETFs. Mr. Cheung is a Certified Trust Practitioner and has considerable experience in Hong Kong across trust and custody services, pension and fund administration in Hong Kong. He is also a member of the Executive Committee of the Hong Kong Trustees' Association. In addition, Gabriel was admitted as a solicitor in the High Court of New South Wales, Australia.


Date & Time
Thursday, 23 May 2019 (6:00PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
SFC:3.00, PWMA:3.00