Managers of Wealth Asia Pacific

MAS Takes Regulatory and Supervisory Measures to Help FIs Focus on Supporting Customers

Sustaining lending activities should take priority over discretionary distributions.

HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges

The HKMA also notes that SVF licensees have been offering network-based products to help support the payment needs of members of the public amid the Covid-19 crisis.

DBS and UOB closing some branches till May 4

Both join OCBC in closures in anticipation of fewer customer visits and for staff welfare

Global bank HSBC owns up to potential anti-money laundering law breaches

HSBC's exposure to money laundering breaches

Judicial comity between Courts in the Cayman Islands and in Hong Kong

Justice Parker’s judgment was circulated in draft on 11 March 2020.

Mourant advises CVC Capital Partners on fifth Asia Pacific Fund with commitments of US$4.5 billion

CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners' previous Asia focused fundraisings.

SFC fines HSBC GAM for cash management failures

The SFC’s investigation found that some of the 53 funds managed and/or advised by HIFL and HGAML between 2010 and 2016 maintained cash deposits with connected entities, namely, The Hongkong and Shanghai Banking Corporation Limited and/or its affilia

Structured Credit in the PRC and Hong Kong

With the tightening of liquidity and credit controls in the PRC, banks and financial institutions are looking for ways to reduce its existing credit exposure by moving any existing loans off their balance sheet.

Asian investor cleared of laundering Dh278 million in UAE

The defendant was sentenced two years in jail followed by deportation.

International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation Member Countries in Most Need

Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries

1MDB: Malaysia’s change in government sees whistle-blower flee, banker too scared to return

Justo, his wife Laura and their young son left Malaysia on March 4 without saying goodbye to anyone.

MAS brings forward the date of disclosure of its foreign exchange intervention operations

The date of disclosure has been brought forward to provide more timely information to the market, and align with MAS’ monetary policy cycle.

SFC halts operations of HK asset manager

The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest.

Super fund temporarily cuts fees

Venkatesan said the fund's various savings tools allowed members to continue to contribute to their retirement savings where possible, even if they can no longer work.

Allfunds announces new organisational structure at global level to strengthen leadership in the WealthTech industry

The new organisational structure will enable Allfunds to strengthen its leadership in the WealthTech industry, where the company already plays as the largest third-party fund distribution platform in Europe as well as one of the leaders globally.

AIA Australia announces new repayment relief benefit

Life insurance specialist AIA Australia has introduced a new benefit to help customers who lose their jobs meet mortgage repayments.

Wells Fargo AM to launch three funds in Singapore

Several other fund managers are also expected to roll-out products in the Lion City.

Ping An Donates £1.1m of COVID-19 Medical Supplies to the United Kingdom

The donation also includes technological support such as the COVID-19 smart image-reading system developed by Ping An, which can generate rapid and accurate analysis of Computed Tomography (CT) lung scans for each individual case within 15 seconds

The HKMA and the banking sector join forces to help Hong Kong’s economy overcome the outbreak of COVID-19

This has helped reduce the cash-flow pressure on customers and lessen the impact of the outbreak on the local economy.

Financial Services Remain Open and Available

All financial markets in Singapore remain open, and payment services are unaffected.

Legal, Regulation & Compliance