Compliance, Legislative & Regulatory Standards

Asset Management Fundamentals Module 3 Regulation of Asset Management (5-hour intensive class)


The Asset Management Fundamentals Programme, which comprises of FOUR modules, is an induction programme designed to equip the financial services practitioners with the required knowledge and skills to enable them to enter into the Asset Management industry.

The Asset Management Fundamentals programme has four modules. Module 3: Regulation of Asset Management provides an overview of specific regulatory requirements related to asset management sector.

To address different learner’s needs, Module 3 has two versions: 5 hour intensive class and 10 hour foundation class.

Upon successful completion of all FOUR modules of the Asset Management Fundamentals, the participant will be awarded the Certificate of Completion of this programme.


1. General Regulatory Framework
2. Back-office Compliance
3. Asset Management Regulations
4. Misconduct
5. Quiz

Who should attend

This 5-hour module is primarily targeted to those who has extensive experience in securities industry but would like to gain a solid understanding of the Asset Management industry sector to enable them to apply for the Regulated activity Type 9 licence under the Securities and Futures Ordinance. Participants who have no or limited experience in securities industry should attend the 10 hour foundation class.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars / conferences under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for reimbursement of 80% of the course fees, subject to a maximum of HK$7,000 (whichever is lower) upon satisfactory completion of a course / seminar / conference over the three-year period of the Scheme.

Each individual may apply for reimbursement for more than one course / seminar / conference.

Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course / seminar / conference attended. Please refer to the WAM Pilot Programme website for more details.

Speaker/Course Instructor

Samuel CHOI
Samuel is the founder of aiM Group and currently leads aiM Group on business development and service quality across all business functions. Samuel is the founder and was the Head of Financial Services Practice of Crowe (HK) CPA Limited (“Crowe (HK)”) during 2017 to 2020. Prior to founding aiM Group and joining Crowe (HK), Samuel was the Chief Executive Officer since 2009 and co-founded Elmore Capital Limited (ECL) which managed a multi-asset class quantitative hedge fund. He brought ECL to become the Hong Kong office of Wolver Hill Group, namely Wolver Hill Asset Management Asia Limited (WHAMAL) in 2014. He co-built WHAMAL to a fund platform supporting fund managers with AUM of over USD1.2 billion at the time of his departure in 2017.

Before starting up ECL, Samuel was the Chief Administrative Officer (Asia ex. Japan) of J. P. Morgan Asset Management (JPMAM) overseeing the regional Risk Management, Finance and Tax. He also represented JPMAM as one of the board directors of China International Fund Management Co. Ltd., a Shanghai based joint venture. Samuel started his financial services specialization since his joining of Price Waterhouse Coopers. He retired from Deloitte Hong Kong audit partnership while he was the Investment Management Industry Audit Leader before joining JPMAM. Samuel is a Fellow Certified Public Accountant (Practising) of the Hong Kong Institute of Certified Public Accountants (HKICPA) and a fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW), and he holds a Bachelor of Arts (Honorary) in Accountancy, Hong Kong Polytechnic University.
Mr. Leung has more than 16 years’ experience in asset management operations covering middle to back office functions, compliance, cooperate accounting and office administration. He is currently the Head of Operations at Discovery Bay Capital Management Limited, a hedge fund firm running an equity long/short China focus strategy fund. Prior to that, he was at Harmony Advisors Limited, an asset management firm running hedge fund and private banking platforms with AUM over USD1billion, where he was Head of Fund Operations. Mr. Leung was at Wolver Hill Asset Management Asia Limited (Formerly known as Elmore Capital Limited) from 2011 to 2015, a firm providing hedge fund platform and consulting services, as Head of Operations. He was an Operations Controller for fund of hedge funds at SPARX International Hong Kong Limited from 2006 to 2010. He started his career at Search Alternative Investment Limited, a family office based in Hong Kong, and J.P.Morgans (Boston, US) in the operations areas from 2001 to 2006.

Mr. Leung received a Bachelor of Science in Finance from Bentley College (Boston, US) in 1998 and a Master of Science in Finance from Suffolk University (Boston, US) in 2001.
Felix CHAN
Felix started his career as an auditor at CCIF CPA Limited in Hong Kong. From there he moved into corporate consultancy for Alliance Financial Intelligence Limited and participated in Pre-IPO projects for clients based in the PRC.

He was then appointed Corporate Controller of CT Electronics Group to facilitate for the reverse takeover process of the company by a listed company on the Toronto Stock Exchange. After the completion of the said transaction, Felix moved onto managing the project division of a company listed on the Hong Kong Stock Exchange.

Felix then took a break from the corporate scene and started his own education business with partners in Shenzhen, China. The business was subsequently sold to partners and Felix returned to Hong Kong to take up the position of Associate Manager at the HKMA.

Since then Felix has worked at Grandtop International Capital Limited specializing in Internal Control for listed companies. Felix holds a double degree in Law and Business Administration from the University of Hong Kong. Felix is an internal control and operational risk management consultant for listed companies as well as asset management companies. He specializes in implementing internal control and risk management systems, procedures and policies for companies and regulated entities.
Wilkie LAI
Wilkie has been in the Banking and Asset Management industry for around 20 years, spanning across various areas like risk management, operations, technology, client development, legal, and compliance. Wilkie’s vast experience includes being Head of Compliance for Dragon Capital Group, a US$1.5 billion+ AUM regional fund. Prior to that he was Chief Risk Officer and Managing Director at TriBridge Investment Partners, a pan-Asian US$350 million+ credit hedge fund. Wilkie also headed up risk management functions for a number of financial institutions including Bank of China (Hong Kong) as well as Banca Intesa S.p.A. Wilkie had previously held key roles at Thomson Reuters’s and Andersen Consulting (now Accenture). His latest venture involves a Legal/RegTech initiatives affiliated with the Hong Kong Science and Technology Park. Wilkie is a lawyer and a member of the Law Society of New South Wales Australia. He studied law at Chinese University of Hong Kong and Australia National University. He further received a M.Sc. degree in Information System Management from Hong Kong University of Science and Technology, and a B.A. degree in Computer Science from the University of California.


Date & Time
Thursday, 22 Nov 2018 (6:30PM - 9:00PM)
Thursday, 29 Nov 2018 (6:30PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
SFC:5.00, PWMA:5.00