Managers of Wealth Asia Pacific

Revolut secures Singapore and Japan licences

Challenger banking service Revolut is on an Asian roll as it has secured licences in Singapore and Japan for planned launches next year.

Hong Kong court acquits former Standard Chartered private banker of bribery charge

A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).

Malaysia’s Affin Hwang AM inks pact with Samsung AM to develop products for local market

The partnership will “seek to deliver value to local investors by providing them access to sophisticated investment instruments at a low-cost and efficient entry point to amplify or hedge returns

Philippines gets closer to finalising legal framework for Islamic banking

Most of all, the issuance of sukuk would enable the country to tap funds from the 57 member-countries of the Organisation of Islamic Co-operation.

Malaysia's securities regulator to allow more diversified ETFs

These enhancements to the ETF market are in tandem with global trends, with the Asian ETF market expected to see an annual growth rate in assets of 18% by 2021.”

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

An internal investigation at Nissan that revealed that Ghosn engaged in “significant acts of misconduct” over many years, which included misuse of company assets.

ASIC’s Recent Initiatives To Strengthen Underwriting Standards - A Speech By Cathie Armour, Commissioner, Australian Securities And Investments Commission At The Australian Securitisation Conference 2018

Insufficient controls to address the risk of loan application fraud and incentive structures that reward poor behaviour jeopardise trust and confidence in the financial sector.

Hedge Fund Throws a Lifeline to HNA Unit Shunned by Wall Street

Pactera’s difficulties, some of which haven’t been previously reported, illustrate how HNA is still struggling to cope with the debt burden amassed during a $40 billion takeover spree.

The US$144 million in dirty cash that no money launderer in China would touch

Shenzhen official Li Huanan offered up to half of his haul to any underground banker willing to move his illicit fortune abroad – but found no takers

Singapore bank forecasts 20 basis points rate hike by BSP

Inflation remained elevated at 6.7 percent in October and averaged 5.1 percent in the first 10 months of the year.

SECP taps top institutes to develop Islamic capital markets

The SECP has taken many initiatives for capacity building and awareness creation in Islamic finance and has arranged a number of sessions in collaboration with leading universities and professional institutions, the statement said.

Ghosn suspected of buying overseas houses via tax haven

The special investigation squad of the Tokyo District Public Prosecutors Office is investigating the case.

NAB first to face royal commission in final week of hearings

Mr Thorburn will be the first witness called on Monday, and the commission is expected to grill him over the bank's fees for no service scandal, in which it took fees for advice that was never provided.

National rules out new taxes in its first term

Bridges says Kiwis are paying too much tax, and this Government's piling more on.

Regulator steadily opens financial sector

The regulator also allowed Chiyu Banking Corp Ltd, a licensed bank in Hong Kong, to make preparations to set up a branch in Shenzhen, Guangdong province.

Chinese big spenders are curbing their offshore property shopping as tougher capital controls bite

A litany of political factors are also weighing on Chinese interest in London, New York and Sydney, adding to the effect of capital curbs

1MDB probe shifts focus to extent of Goldman's role

Authorities question if scandal points to companywide corruption

No more fake Fidelity or bogus Buffett: China bars new copycat fund names

The rules, which AMAC said are aimed at promoting orderly development of the private fund industry and protecting investors, come as Beijing accelerates opening of its fund industry to foreign asset managers.

Singapore’s Asset Management Industry Surges

The number of registered and licensed fund managers in Singapore increased by 55 in 2017, bringing the total number to 715.

China Huarong seeks to erase name of former chairman

Offer to swap share certificates bearing Lai’s signature after his arrest on corruption charges

Legal, Regulation & Compliance