Wealth Management

Trust Training Certificate (TTC) - Unit 19: Collective Investment Schemes – Part 1 Private Arrangements


This is Unit 19 of the training programme in pursuing the “Trust Training Certificate”.

It consists of one module – Module 28: Collective Investment Schemes – Part 1 Private Arrangements.

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


The nature and use of Collective Investment Schemes (“CIS”) in form of:
- Unit trust (“UT”)
- Open-ended fund companies (“OFC”)
- Private funds (Cayman) (“PF”)
in respect of the followings:
- Regulations and regulatory requirements in respect of private placement and differences (comparison of jurisdictions HK vs Cayman)
- Parties to each
- Trustee and directors’ duties thereto
- Licensing and restrictions
- Important drafting provisions
- General administrative requirements

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.


Date & Time
Thursday, 16 May 2019 (6:00PM - 9:00PM)
HKSI Institute Training Centre
Relevant Subject
Type 9 - Asset management
Regulatory Compliance
SFC:3.00, PWMA:3.00