Managers of Wealth Asia Pacific

Magellan, Barclays back new firm

Former Barclays Australia chief Cynthia Whelan will also join as s senior adviser.

Proposal to provide tax concession for carried interest distributed by eligible private equity funds

The proposal states that the tax concession only applies to carried interest distributed by PE transactions only.

Hong Kong / Macao double-taxation arrangement in force

Due to the proximity between HK and Macao and the similar language and cultural background, there is plenty of vitality in talent mobility between the two cities.

The AIIB must remain an anchor for consensus

The AIIB is testimony to both the continuing potential for successful multilateralism and the need to carefully navigate the challenges and acknowledge the constraints that come with cooperation in today’s more divided world.

China's central bank inserts liquidity interested in market

The process led to a net inoculation of 80 billion Yuan into the market.

Macquarie, CBA face fresh money laundering scrutiny after data leak

Macquarie accounted for 72 per cent of the suspicious transactions by value, or $US123 million.

HSBC fund chief on re-energising a business in the Covid era

Nicolas Moreau faces multiple challenges in transforming the asset manager while the parent bank undertakes restructuring

ECOMMPAY Granted SFA Certification For Singapore

Asia is the fastest-growing economic region globally, with more and more fintech companies looking to service this growth.

HK regulator imposes $4.2m fine on The Bank of East Asia for regulatory breaches

BEA failed to segregate its client securities from proprietary securities in accounts maintained at two external custodians.

World Bank's IFC Warns of APAC Financial Crisis

As a result, he expects an increase in zombie firms that are unable to liquidate as well as liquidated firms that should be liquidated.

Ex-J.P. Morgan Banker Pleads Not Guilty Over Job-for-IPO Claims

Leung pleaded not guilty over the two counts of offering an advantage to an agent, highlighting that she did not offer the job in secret and that she had informed senior management of hiring Ang, which they did not object.

Grow Super founder pleads guilty

Grow Super founder Josh Wilson and former Grow employee Ben Trevisiol have plead guilty to using insider information to place a bet.

Harneys advises Fulu Holdings Limited on its HK$826.6 million IPO

The Harneys team was led by Partner Raymond Ng with support from Legal Manager Nicholas Fong.

UOB freezes wages, slows hiring amid continued fallout from Covid-19

Other banks indicated that they may take steps to keep a lid on costs.

Korean Financial Groups to Start Publishing Integrated Disclosures

Pursuant to the best practice guidelines on the supervision of financial conglomerates

Hong Kong Banking Compliance: A Convolution of Contradictions

Global banks have always lived in contradictions

Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy

According to the joint statement, a revised document will be published in early 2021

Bank of Japan keeps policy on hold, upgrades economic view

The BOJ revised its assessment of conditions, saying the economy has started to pick up with activity resuming gradually.

Aware Super joins forces with Dutch pension fund

Following the agreement, APG and Aware Super hold an equal economic interest in City ID, which the Dutch pension fund acquired a stake of in 2019.

Singapore trader Rhodium sued by Maybank for US$3m payment

The Kuala Lumpur-based bank didn't accuse Rhodium of any wrongdoing, or provide reasons for the default.

Legal, Regulation & Compliance