Managers of Wealth Asia Pacific

Singapore as a regional legal hub

Demand for lawyers who know the market, understand the needs of local and regional clients and have strong networks remain high.

Evergrande’s woes deepen after police detain staff at its shadow bank

Shares in the company tumbled as much as 26% in Hong Kong on Monday but later recovered most of its losses to close 1.6% lower.

Withers wins Matrimonial and Family Law Firm of the Year at ALB Hong Kong Awards 2023

This is the 10th year the Withers’ family team has received this prestigious award from ALB

ASIC extends date for financial adviser registration requirement

The reason for the further extension is that the Treasury Laws Amendment (2023 Measures No. 1) Bill (the Bill) remains before parliament.

MAS Reports Robust Enforcement Outcomes and Enhances Disclosure of Statistics

The Report covers enforcement actions taken during the period January 2022 to June 2023 for breaches of MAS’ regulatory requirements.

Appleby Wins "Finance Deal of the Year" Award at the ALB Hong Kong Law Awards 2023

Mayer Brown acted as international counsel and Garrigues Peru as Peruvian counsel to the lenders.

Britain urged to freeze ties with AIIB - China's answer to the World Bank

The Beijing-based lender finances projects in developing countries – many of them allied to China.

ASIC consults on insolvent trading guidance

The provisions introduced a safe harbour for company directors from civil liability for insolvent trading under section 588G(2) of the Corporations Act.

Qatar and Malaysia forge partnership to strengthen financial markets

The agreement seeks to develop the financial market’s infrastructure, enhance standards in sustainability, and foster best practices in capital markets.

UBS to Cut Asian Wealth Jobs

Pre-tax profit at the bank’s wealth management unit in the region fell by 8 percent year-on-year in the second quarter of 2023.

Asian Captive Conference 2023: The Connected Risk Journey in Self-Insurance

Steering the risk journey in an ever-shifting captive landscape

ASIC sues AustralianSuper over multiple superannuation accounts

AustralianSuper then continued to charge multiple sets of fees and insurance premiums to these members.

MAS Instructs Banks to Probe Connections to Money Laundering Suspects

MAS has further mandated that during the course of these reviews, financial firms should register suspicious transaction reports as deemed necessary.

Nordea AM Secures Singapore License

The new hub will also be integrated with NAM’s «ESG-focused internal investment boutiques as well as its portfolio managers covering equities, fixed income and multi-asset investments».

Standard Chartered and Allen & Overy launch payment regulations guide

Guide covers regulatory frameworks and licensing schemes across key markets in Asia to help corporates and fintechs navigate evolving global payments landscape

GXBank approved to begin digital banking operations in Malaysia

GXBank Chief Executive Officer Pei Si Lai says the company aims to provide access to financial services to the unserved and underserved segments.

Alleged Launderer Assets Seized at Julius Baer, CS

Previously, Vang also had $2.6 million frozen at RHB Bank Bhd. and S$600,000 at UOB Kay Hian Pte.

Singapore's Wealth Surge Faces Challenges Amid Money Laundering Scandal and China's Economic Strains

The aforementioned scandal, which saw the involvement of banks, real estate firms, and jewelry merchants, has remained a major topic of discussion.

Bank of Japan policymaker calls for keeping ultra-easy policy for now

An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected.

ASIC issues new legislative instruments for financial resource requirements and platforms

The new legislative instruments were made after industry consultation.

Legal, Regulation & Compliance