Managers of Wealth Asia Pacific

SFC reprimands and fines Hang Seng Investment Management

The SFC’s disciplinary action followed an independent review jointly agreed by the SFC and HSIM.

Hong Kong regulator fines wealth manager

Noah HK did not have an adequate supervision and control mechanism in place for monitoring the sale of investment products.

Property Millionaires Fuel One of Hong Kong’s Oldest Brokerages

The hires will take place over the next year or two and raise the team’s overall strength to about 500.

Productivity Commission’s super proposal not enough

As a result of this, fees would still consume a large percentage of gross returns across the board, he said.

Court fight begins over trust issues

The matriarch had asked the trustee to increase its shareholding since 2016, but to no avail, he added.

China’s central bank chief tamps down expectations of liberalising country’s financial industry

Operating in a sheltered market enabled Chinese banks to outgrow their foreign competitors, a fact that Yi acknowledged.

One Million Indian Bank Employees Go on Strike in Pay Dispute

All bankers in this country cannot be penalized for the bad lending decisions taken by some of the top management.

Liabilities of Legal Representatives and Directors of Chinese Companies

Chinese law does not require a legal representative to have actual knowledge of, or be personally involved in, any of the violations stipulated above.

Chinese internet group gets shareholder approval to reorganize in Cayman

The Beijing-headquartered company intends to proceed with the liquidation of the Delaware entity on May 31.

China $10 Trillion Shadow Bank Crackdown Has Long Way to Go

Initial success combating interbank borrowing, asset products

Swiss Re 'open' to anchor investor as SoftBank talks fail

The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re, though the two companies said Monday they may yet agree to collaborate on some businesses.

Robeco wins two mandates worth $500m

Robeco was awarded mandates, collectively representing $500 million, by two financial institutions in Australia and New Zealand.

Former adviser faces fraud charges

A former financial adviser permanently banned by ASIC in 2016 has appeared in court, charged with $5.9 million of fraud.

Any ban on advice commissions faces 'constitutional difficulties': ANZ, AMP

Changes under the Future of Financial Advice regime in 2013 banned conflicted remuneration for advice but some commissions were allowed to continue; they were grandfathered.

Westpac's decision to fight ASIC pays off

One suspects, however, that Lindsay Maxsted and Brian Hartzer have the most reasons to feel relieved.

Nomura, LINE, and LINE Financial Sign Joint Venture Agreement as part of Financial Business Alliance

Under the joint venture agreement, Nomura and LINE Financial plan to establish LINE Securities Corporation1 on June 1, 2018.

Singapore bourse presses on with India derivatives launch despite lawsuit

According to SGX, it has "full confidence" in its legal position and will "vigorously defend this action"

Malaysia’s new finance minister says 1MDB wealth fund president is ‘utterly dishonest’

Malaysia’s Finance Minister Lim Guan Eng met with people involved in the scandal-plagued fund and said its directors had confirmed that 1MDB was insolvent and “unable to repay its debts

Ant Financial partners with China Everbright Bank and Everbright Technology

On May 18, 2018, Huabei, Ant Financial's consumer finance service, announced it would partner with various financial institutions, including banks

Could 50% of advisers exit industry?

The Adviser Ratings research pointed to almost 7,000 advisers having left the industry since 2015, with the future attrition rate expected to increase and described IOOF and AMP as being the majors most at risk from adviser churn motivated by FASEA.

Legal, Regulation & Compliance