Managers of Wealth Asia Pacific

SFC bans a former relationship manager of HSBC for 12 months

The customer data leakage was immediately detected by HSBC’s email monitoring system before Ngo joined another bank in a similar capacity the following day.

Few countries are pricing carbon high enough to meet climate targets

New carbon pricing initiatives in some countries, such as China’s emissions trading scheme and renewed efforts in Canada and France to price carbon, could significantly reduce these gaps.

Politician arrested in London for ‘money laundering’

The couple allegedly controls a UK property portfolio with more than 8 million pound for which they appear to have no legitimate source of income.

Singapore’s new investment fund structure gets thumbs up

The move comes a year-and-a-half after MAS, the city state’s central bank and capital market regulator, held a month-long public consultation on the plan in March 2017.

Indonesia woos millennials with 7.3t rupiah of online retail savings bonds

Nearly 80 per cent of the 21,672 investors were new, with about 41 per cent of them aged 18 to 38 years, which the ministry categorised as "millennials".

Former Macquarie advisers banned

The corporate regulator's new Financial Services and Credit Panel found Landau and Campbell had deliberately engaged in conduct that was dishonest and involved knowing and willful contraventions of law.

Trade wars step up, more to come

China may bide its time, but we expect they will follow with tariffs on a further $60 billion of imports from the US.

India's Bank of Baroda, Vijaya Bank and Dena Bank to be merged

Bank of Baroda, Vijaya Bank and Dena Bank to be merged to for country's third largest bank

AMP admits it kept charging more than 4,600 dead people for life insurance

Royal commission told $1.3m in premiums was charged to super customers AMP knew had died

Investors hope central banks will extend a rescue line to ailing emerging markets

The pressure to hike will be particularly strong for Brazil and SA, both of which have seen their currencies plunge this year

Investigators home in on Deutsche Bank exec's 1MDB role

The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Ms Tan's involvement with the 1MDB account

ASIC takes Dover, McMaster to court

The Protection Policy purported to be 'designed to ensure that every Dover client get [sic] the best possible advice and the maximum protection available under the law.'

ASIC commences civil penalty proceedings against ANZ

ASIC is seeking a declaration that ANZ breached its continuous disclosure obligations and a pecuniary penalty order.

Hong Kong Monetary Authority announces launch of Faster Payment System

It enables the public to transfer funds anytime, anywhere, across different banks

World's First Cross-Border, Open-Architecture Platform to Improve Financial Inclusion

A global consortium led by Virtusa, which includes Fidor and Percipient, has been selected to develop and operate APIX.

Appleby acted as Cayman counsel to Carlyle on a landmark transaction awarded "Private Equity Deal of the Year" at the China Law and Practice Awards.

The transaction was led by Partner Nicholas Davies and Counsel Vincent Chan, both based in Appleby’s Hong Kong office.

Legal, Regulation & Compliance