Certificate for Module (Family Office Management Strategy) (CEF) - HKU SPACE: Family Office courses
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Class arrangement during COVID-19


The COVID-19 situation may still be fluid and constantly affect class arrangements in the coming months. The health and safety of our students will always be our top priority. To ensure that students’ academic progress is not affected, the School may substitute face-to-face classes with online teaching if necessary in the event that face to-face classes cannot be held. Our respective Programme Teams will contact the students concerned with details of such arrangements as necessary.

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Accounting & Finance Family Office

Certificate for Module (Family Office Management Strategy)
證書(單元:家族辦公室管理策略)

CEF Reimbursable Course

CEF Reimbursable Course

New Course
Course Code
FN077A
Application Code
2035-FN077A

Study mode
Part-time
Start Date
30 Aug 2022 (Tue)
Duration
30 hours
Language
English
Course Fee
HK$15000 per programme
Apply Now
Deadline on 12 Aug 2022 (Fri)
Enquiries
2867 8476
2861 0278
Applications are welcomed for the very first round launching in Aug 2022!! See you soon!!

The programme aims to provide students with essential knowledge in family office management. It will discuss various issues regarding how to establish a family constitution; how to set up a family office in Hong Kong; inheritance, family and business knowledge; and how to handle stakeholders’ disputes. The application of trusts in family offices and real-life cases will be discussed. After completing the programme, students can better understand the processes and contemporary issues related to family office management.

On completion of the programme, students should be able to

  1. discuss the strategic issues and requirements of setting up a family office;
  2. explain the importance of corporate inheritance and knowledge;
  3. evaluate the use of trusts to manage wealth in family offices;
  4. critically analyse the regulation and compliance in family office management.

 

Course Syllabus

 

  1. Family Office Consensus and Sustainable Relationship
     

    1. Introduction to Family Office

    2. History and case analysis of the Family Office

    3. Single Family Office vs Multiple Family Offices

    4. How to set up a Family Office

    5. Running a Family Office

    6. Regulation, governance and compliance related to Family Office

    7. Structure of a Family Office

    8. Services of a Family Office

    9. Challenges and threats to a Family Office

    10. Family business and governance

    11. Drafting family business vision and family commitment

    12. Drafting the family constitution

    13. How to assist clients in reviewing family history and value

    14. The composition and operation of the family committee

    15. Continuation of family relationship and lifestyle management

    16. Philanthropy

       

  2. Corporate Inheritance and Knowledge Transfer
     

    1. The core elements of the family's success

    2. Transfer family and business knowledge

    3. The importance of establishing company equity restrictions

    4. Family business decision-making arrangements

    5. Common shareholder disputes

       

  3. Professional Wealth Management
     

    1. Introduction to trusts

    2. Uses of trusts and comparison with other options

    3. Attacks on trusts

    4. Application and setting up of family trust

    5. Comparison of trust jurisdictions

    6. The application of family trust in family inheritance

    7. Legacy and wealth inheritance strategy

    8. Types of trustee

    9. Transfer of fixed assets and current assets and tax arrangements

    10. Key points of estate tax treatment in different regions

    11. Legal challenges encountered in the implementation process

 

Assessment

  • Class participation (30%)
  • One individual written assignment (70%)
  • Upon successful completion of the programme, students who have passed the assessment with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a Certificate for Module (Family Office Management Strategy).
Application Code 2035-FN077A Apply Online Now
Apply Online Now

Days / Time
  • Tuesday, 7:00pm - 10:00pm

Teacher Profile

Mr. Richard Grasby has more than 22 years’ post qualification experience (the last 13 in Asia) in a wide variety of areas predominantly with a focus on private client and private wealth.

Richard’s experience includes working in the following areas:

  • Trust establishment, restructuring and administration
  • Special trusts i.e.  BVI VISTA and Cayman STAR trusts.
  • Private trust companies
  • Estate administration
  • Succession planning
  • Family governance
  • Regulatory law especially concerning trust and corporate service providers and economic substance
  • Risk management for trust companies
  • Family office
  • Use of corporate vehicles by private clients and family offices both for asset holding and succession planning
  • Due diligence of existing structures and service providers
  • Collective investment funds – particularly unit trusts
  • Employee benefit trusts

Richard is admitted as a solicitor in England & Wales, the British Virgin Islands (“BVI”) and the Cayman Islands. He has lived and worked in Jersey, the UK, the Cayman Islands and Hong Kong. He is regarded as one of Asia’s pre-eminent practitioners in the offshore private wealth sector.

Richard has worked for some of the leading law firms including Maples, Ogier, SJ Berwin and Charles Russell Speechlys LLP. He is currently a partner with Appleby in Hong Kong. He is also an invited member of the International Academy of Estate and Trust Law.

Richard is a certified anti-money laundering specialist.

He is also an active member of many organisations:

  • STEP
    • Immediate past chair of the HK branch; member of Executive Committee; chair of Legislation and Regulatory Sub-committee
    • Member of global steering committee for Business Families Special Interest Group
    • Deputy chair of global steering committee for International Client Special Interest Group
  • Hong Kong Trustees Association
    • Lecturer for Trust Training Certificate
  • Hong Kong Securities Institute
    • Lecturer on Family Offices
  • International Bar Association
  • Inter-Pacific Bar Association
  • Family Firm Institute
  • International Fiscal Association
  • Hong Kong Institute of Directors
  • Investment Migration Council

August 2022 Class

Lecture Date Time
1 30 Aug 2022 (Tue) 7 - 10 PM
2 6 Sep 2022 (Tue) 7 - 10 PM
3 13 Sep 2022 (Tue) 7 - 10 PM
4 20 Sep 2022 (Tue) 7 - 10 PM
5 27 Sep 2022 (Tue) 7 - 10 PM
6 11 Oct 2022 (Tue) 7 - 10 PM
7 18 Oct 2022 (Tue) 7 - 10 PM
8 25 Oct 2022 (Tue) 7 - 10 PM
9 1 Nov 2022 (Tue) 7 - 10 PM
10 8 Nov 2022 (Tue) 7 - 10 PM

 

Applicants shall hold a bachelor’s degree awarded by a recognized institution.

If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as:

i.              an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or

ii.             a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above in the internet-based TOEFL; or

iii.            HKALE Use of English at Grade E or above; or

iv.            HKDSE Examination English Language at Level 3 or above; or

v.             equivalent qualifications.

Applicants with other qualifications will be considered on individual merit.

Application Fee

HK$150 $150 (Non-refundable)

Course Fee
  • Course Fee : HK$15000 per programme
  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (Family Office Management Strategy)
證書 (單元 : 家族辦公室管理策略)
COURSE CODE 33C138220 FEES $15,000 ENQUIRY 2867-8476
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (Family Office Management Strategy)

  • This course is recognised under the Qualifications Framework (QF Level [6])

Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres.