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

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 Audit Head of Financial Services - asset management, securities and banking - of Crowe Horwath (HK) CPA Limited, a member firm of Crowe Horwath International ranked among the top 10 global accounting networks, with 750 offices in 130 countries around the world.

Samuel started his audit career with Pricewaterhouse Coopers in 1991 with specialisation in Financial Services since 1994. He joined Deloitte Sydney as Account Director in 1997. He was then relocated to Deloitte Hong Kong and co-found the Financial Services Advisory Group providing non-assurance services to financial services clients. He was the leading audit partner of the investment management practice when he retired from the Deloitte Hong Kong partnership in 2006 to further his specialization in asset management industry, especially alternative investments.

Samuel then joined J. P. Morgan Asset Management (JPMAM) as the Chief Administrative Officer (Asia ex. Japan) overseeing Risk Management, Finance and Tax for the region. In addition, he was the Director of China International Fund Management Co., Ltd, the Shanghai joint-venture fund management company of Shanghai International Trust Corporation Ltd. and JPMAM.

Samuel co-founded Elmore Capital Limited (ECL) which was majority owned by an Asian family office, and launched a multi-asset class hedge fund, comprising Asian equities, Asian currencies and commodities in 2009. Samuel was the shareholder, board director, Chief Executive Officer (CEO) and SFC Type 4 & 9 Responsible Officer (RO) of ECL. Samuel brought ECL to become Wolver Hill Group’s Hong Kong office which has then been rebranded to Wolver Hill Asset Management Asia Limited (WHAMAL) in 2014. As a core founding member of the Hong Kong office, Samuel restructured ECL and built WHAMAL from a boutique start-up to a reputable fund platform. At the time of his departure in 2017, WHAMAL was supporting fund managers with the aggregate Assets-Under Management (AUM) of over USD1 billion.
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.


Date & Time
Thursday, 22 Nov 2018 (6:30PM - 9:00PM)
Thursday, 29 Nov 2018 (6:30PM - 9:00PM)
HKSI Institute Training Centre
SFC:5.0, PWMA:5.0