Managers of Wealth Asia Pacific

ICICI Bank signs MoU with MUFG Bank, Japan

Japan and India have strong bilateral relations and there are several synergies between two leading banks in Japan and India

National Australia Bank’s $220 Million Acquisition of neobank 86 400

The KWM team was led by M&A Partner Diana Nicholson , supported by a multidisciplinary team including Partners Caroline Coops and Anne-Marie Neagle and Katherine Forrest , Senior Associate Rebecca Williams and Special Counsel Sean Field.

‘Very uncomfortable position’: ATO won’t rule out criminal charges in PwC legal stoush

At the heart of the case is whether PwC inappropriately used legal professional privilege (LPP) to withhold facts and evidence from the ATO in completing work for JBS and its subsidiaries.

UBS AM income fund gets SFC nod

The Hong Kong-domiciled product is authorised for sale to retail investors a year after its launch.

Indosuez Wealth Management: «Banning Short Selling Would Be a Bad Idea»

Despite diminishing impact from the Reddit rally, regulators worldwide are actively reviewing the situation and Indosuez believes that there is a possibility for a change in rules though it does not foresee or support an outright ban on short selling.

Hong Kong’s eMPF end-2022 timeline seen as challenging

“It’s a challenging task to get the project done with the tight timeline,” Ka Shi Lau, managing director and chief executive officer of MPF provider BCT Group tells Asia Asset Management.

Korea Raises Capital Requirements at Private Equity Funds

The amendments will also require private equity funds to record their explanations of complex products to their customers, and to provide customers with a two-day grace period during which they are allowed to back out of the investments.

Criminal complaint filed against Devere & Partners in Thailand

The firm’s managing director and another company he runs

Asset Price Correction Could Jeopardise Financial Stability: IMF

The IMF also says liquidity and solvency pressures may resurface in the near future, especially in riskier segments of credit markets and sectors hit hard by the pandemic.

Philippines' Duterte tightens anti-money laundering rules to avoid `grey list'

“Consistent with its foreign policy, the state shall extend cooperation in transnational investigations and prosecutions of persons involved in money laundering activities wherever committed,”

Former JPMorgan Asia top banker found not guilty of bribery

Ang Ren-yi worked at JPMorgan from June 2010 until October 2011, according to court documents.

Baker McKenzie Acts for Managers in AVIC International's USD 200 million bond issuance

This deal follows AVIC International's USD 300 million bonds issuance, in which the Firm likewise represented the managers.

ASIC points to several actions against fund managers

The formal ASIC announcement said the Federal Court winding up orders represented the first final outcome arising from ASIC’s court actions issued against Mayfair 101 Group companies and their director James Mawhinney.

Former NAB Executive Jailed Over Scheme to Defrauding Bank

Human Group is said to have issued a series of invoices totalling approximately AUD 43.4 million for consulting services which were provided to NAB as part of a scheme to defraud the bank.

Singapore Authorities Probe Crowdfunding Platform for Misconduct

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act.

APRA releases its policy and supervision priorities for 2021

APRA suspended much of its planned policy and supervision agenda in March 2020

Foreign banks in dilemma over dividend regulation

In 2019, Standard Chartered Bank Korea sent its largest shareholder 655 billion won ($585 million), more than double its annual net profit that year.

The Brutal Truth for Bankers Is They’re Expendable

This was largely a product of the $35 billion Ant Group Co. initial public offering, which caused subscription funds to flow in and then to exit when Chinese regulators aborted the world-record sale.

China executes former asset management chief for corruption

Lai Xiaomin was found guilty of taking $280m worth of bribes over 10 years

Law Firms Mull Hong Kong Exclusion as Arbitration Center

Client involved were mostly from U.S. and Japan-headquartered firms and the concerns cited were not limited to industries like financial services but across all sectors including technology, pharmaceuticals and consumer goods.

Legal, Regulation & Compliance