Managers of Wealth Asia Pacific

IRB can track undeclared offshore accounts for taxation

The details of foreign bank accounts are accessible under the OECD’s AEOI system, says deputy finance minister

Validus Capital Applies for Digital Banking Licence in Singapore

Intends to expand their product offering beyond lending

Scandal-hit Indian lender uncovers fresh $550m fraud

New case at Punjab National Bank relates to non-performing Bhushan Power & Steel assets

Hollywood Producer Charged In Malaysia Over 1MDB Scandal

The money was sent to bank accounts of Hollywood production company Red Granite Pictures, which Riza co-founded, according to the charges.

Chief economist update: BOE flips tightening bias to easing

These are, more or less, the same conditions that appear to have changed the Bank of England's tightening bias.

China to Resume Approvals for Domestically Funded Securities Firms

According to Caixin, Dongxing Securities was in 2008 the last brokerage purely owned by mainland investors approved to set up.

ASIC boosts AFSL application requirements

For applicants intending to be APRA-regulated bodies, the corporate regulator is set to require responsible managers provide both national criminal history and bankruptcy checks which are no more than 12 months old, and two business references of the same

GIC gets a cash hoard at tricky market time

If recent comments by GIC executives are any clue, the sovereign wealth fund's investment team views that assignment as a tall order at this point in time.

Appleby Hong Kong Co-Managing Partner is Recognised in the IFLR1000 womens Leaders List 2019

Appleby champions diversity across the organisation and has recently announced its global Female Leaders Network which aims to bring together a group of senior women in business, to meet on a regular basis to discuss a variety of topics including how to d

AIFCA and Fidor Solutions sign MoU

The organisation contributes to fintech programmes in key global financial centres.

CBIRC to Tighten Rules on ‘Cash Management Products

unlike money market funds, there are no restrictions on where and how CMP funds can be invested.

Aberdeen Standard gains Chinese advisory approval

The move will see the business provide investment advisory services to onshore investors on products offered by Chinese asset managers.

Onshore advisory license in China for Aberdeen Standard Investments

The firm stated that the qualification allows for the provision of investment advisory services to eligible onshore Chinese investors on products offered by domestic wealth management subsidiaries of commercial banks

Putting Members' Interests First Bill reintroduced

"This will better target default insurance cover and prevent inappropriate erosion of retirement savings caused by insurance premiums," the explanatory memorandum reads.

Thailand's SCB and FWD strike $3bn insurance unit deal

The partnership look to combine SCB's large customer base and distribution network with FWD's innovative product propositions and strong digital capabilities.

Aberdeen Standard Gets China Onshore Advisory License

, securities and futures companies, fund management companies, as well as other types of asset management firms in China, the firm said in the statement.

MAS Propose to Relax Requirements for Singapore REITs

One MAS proposal is to allow REITS to take on a higher leverage if they meet an additionally minimum ICR (interest coverage ratio) requirement, which measures a REIT’s ability to service its debt obligations from its regular income.

PNG PM rejects Australian judge for UBS inquiry

Mr Marape late last month announced a Commission of Inquiry into the $1.2 billion borrowed by the Pacific nation from UBS, a move that could subject the Swiss bank's Sydney office and law firms Norton Rose and Ashurst to fresh scrutiny.

JPMAM to pay hefty premium to control China asset manager

Under Chinese regulations, a public bidding process is required for 49% owner JPMAM — which has publicly expressed its interest in acquiring a majority stake in the joint venture — to acquire an additional 2% stake from 51% shareholder SITCO.

“Most Banks” Support RBNZ Bank Capital Proposal

“Cautious reaction from some is expected, but it’s worth noting that many submitters, particularly from the general public, support the proposed higher capital requirements for banks,” the RBNZ said.

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