Managers of Wealth Asia Pacific

China central bank bars some offshore lending in latest move to support yuan

They prevent commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, the people said.

Appleby Hong Kong shortlisted for five awards

Appleby have been recognised for their contribution in two high-profile deals this year, the disposal of ele.me to Alibaba in May and on the Carlyle Group’s investment in Ant International in June.

Time for NAB to review dividend policy: MS

"NAB intends to maintain the 198c dividend in FY18E," Morgan Stanley told clients on Thursday morning.

AMP to compensate super investors after fresh humiliation at royal commission

Wealth management firm admitted fees were so high that a $100,000 cash super investment made a loss, inquiry told

Cayman funds shrink in Hong Kong

Funds domiciled in Ireland, UK and Bermuda also saw a decline in number and assets in Hong Kong.

Australian Government releases draft decryption legislation

The legislation is subject to public consultation until 10 September 2018.

$24M Thailand Bitcoin Fraud Case Update; Three Banks, Investor and Family on the Hook

The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees

Some Australian Pension Funds May Be Derelict in Duty, Inquiry Hears

Firms that came under fire in this round of hearings include National Australia Bank after one of its units charged more than 220,000 customers for advice they did not receive.

ASIC's concerns over NAB fees revealed

The corporate regulator has outlined suspected offending by National Australia Bank in a document released by the banking royal commission.

Appleby Hong kong Shortlisted For Five Awards

Appleby Hong Kong has also been nominated by the China Law & Practice Awards for M&A Deal of the Year, Private Equity Deal of the Year and Offshore Firm of the Year.

Macau revokes 13 offshore permits in first half of 2018

The two banks were previously being the only authorised banks to have offshore operations in Macau.

Australia's AMP channeled pension funds to subsidiaries: inquiry

Michael Hodge, a barrister assisting the commission, asked Allert whether as chairman of the trustee it “seems strange to you” that the payments would not have been legally documented.

Businessman loses N177.5m to Chinese fraudster, sues bank

Emmanuel said because of his long-standing banking relationship with Zenith Bank, he insisted that Muna should provide a Zenith Bank account.

Hong Kong tightens rules for financial advisers

They are also expected to make at least a one-off disclosure on whether or not they are independent before or at the point-of-sale.

HK targets fugitive Chinese tycoon accused of laundering billions

Details of the Hong Kong police probe emerged from court documents submitted as part of a request for a judicial review against the freezing of various assets linked to him.

Singapore Fund Manager Clears Hurdle

The 11-year-old asset manager specializes in Asian mid-cap equities and Asian high-yield bonds.

Carey Olsen shortlisted for 2018 China Law & Practice Awards

Carey Olsen has been shortlisted for Offshore Firm of the Year at the 2018 China Law & Practice Awards.

Linklaters, KWM Take Lead on $1.2B Indonesian Gold Mine Sale

A Jardine Matheson-backed Indonesian explorer will acquire one of the largest gold mines in the country as Australian and U.S. investors exit.

Insider trading rule under Financial Instruments and Exchange Act

This update provides a brief introduction to the insider trading rule – in particular, how it differs from the fair disclosure rule.

ASIC warns banks must do more to curb adviser fraud

By the time the Sherwin group of companies collapsed in January 2013 they owed nearly $60 million to approximately 400 clients.

Legal, Regulation & Compliance