Managers of Wealth Asia Pacific

Former Futuro adviser charged with theft

The property in question was jointly owned by the beneficiaries of the estate, which were charitable organisations.

J.P. Morgan wins custody mandate

It is now expanding the relationship to appoint J.P. Morgan to provide custodian and fund administration services to its $2 billion of Australian assets in its unlisted trusts.

FMS.next has been enhanced to support PSD2 and Open Banking requirements

The solution comes with a preloaded set of APIs to cover requirements of directives, implementing all necessary security mechanisms for authentication and consent management.

Emaar signs MoU with China’s BNA

The mixed-use project will be located within the Aero-Economic Area of China’s latest airport

BSP eyes more bilateral pacts with Asian peers

This, after the Philippines reaped the benefits from recent regional bilateral agreements among member-countries of the Association of Southeast Asian Nations.

Can Singaporeans be the Jedi of the tech world?

City must overcome its small size, high costs and talent shortages to stand a chance

Aegon AM set to launch WFOE

Netherlands-based Aegon Asset Management has signed an MOU with the Shanghai Lujiazui Administration Bureau to establish a wholly foreign-owned enterprise.

UBS agrees Japanese joint venture wealth deal

It will offer products, investment advice and services beyond what both firms alone can provide

China To Help Smaller Banks Retain Liquidity

The banks and lenders that participated in the meeting also said volatility in the interbank market is calming down.

Maybank Islamic wants to link up Gulf Cooperation Council with Asean

Last year, MIB announced that it might receive regulatory approvals to set up its Dubai branch in the first half of this year.

Another firm cautions on onshore bonds

China’s onshore corporate bonds are expected to have more defaults, according to BNPP AM, but offshore China high yield is a different story.

China enacts new measures for third-party access scheme

Under the Trial Measures, pipeline and facility operators were to grant third parties access to their pipeline networks and associated facilities if there was surplus capacity.

Australia targets cryptocurrencies in international tax crackdown

ATO deputy commissioner Will Day has reportedly revealed that at least one of the investigations involves a global financial institution and its intermediaries, which is believed to have helped clients conceal assets and income data.

MAS Proposes Increased Scope for Accountability, Conduct Guidelines

The present consultation is an extension of an April 2018 draft proposal that set out five outcomes and specific guidance to promote individual accountability of senior managers

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue for OECD

Credit Suisse and Privé to enhance wealth management offerings

Credit Suisse launched the first digital private banking solution in the region in 2015, and partnered with the fintech company Canopy in 2017 to make accessible to its clients an automated account aggregation platform and reporting solution.

Singapore’s vulnerabilities as financial hub

Singapore’s strategic location is undoubtedly one reason for its current prosperity.

Perth adviser permanently banned by ASIC

ASIC’s review also found that Mr Bruni had failed to give appropriate advice or provide advice documents to his clients.

Appleby Advises Xinyi Energy Holdings Limited on its Listing on the Hong Kong Stock Exchange

The Appleby team was led by Co-Managing Partner and Local Corporate Group Head Judy Lee and Partner Chris Cheng, supported by Associate Huiyan Liew and Legal Executive Connie Wu.

Finance Should be a Force for Good: MAS

The theme of the event was “Banking for the Common Good”, and Menon called for a culture of good conduct “grounded in strong values and ethics.”

Legal, Regulation & Compliance