Managers of Wealth Asia Pacific

Asian Imports

First published in STEP Journal July 2015

Appleby advised Start Plus on CNY1.5BN Notes Issuance

The Appleby team was led by Frances Woo, group chairman and managing partner, and Associate Vincent Chan in Appleby’s Hong Kong office.

Industry super funds campaign against governance changes

The Federal Government wants to shake up the governance of super boards and legislate that a third of trustees are independent directors.

Dearth of compliance expertise complicates Singapore's fight against unlawful money

Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean.

Nippon Wealth Limited Opts for Wolters Kluwer Financial Services as It Establishes Operations in Hong Kong

Hong Kong-based Wealth Management Firm Signs Up to use OneSumX for Anti-Money Laundering and Regulatory Reporting

IDFC gets banking licence, plans to begin operations from October

Bandhan Financial Services Private Ltd, the other entity, was granted a banking licence last month. Bandhan Bank is set to commence operations from August 23.

Dearth of compliance expertise complicates Singapore's fight against unlawful money

NAB flags $25m refund to 62,000 customers over Navigator error

National Australia Bank is repaying 62,000 wealth customers a total of $25 million after internal errors meant clients were not paid all the money they were owed.

ANZ ups investor rates in response to APRA guidelines

ANZ has become the first bank to revise home lending rates independently of the Reserve Bank in more than three years, as new limits to cool the investment property lending boom take hold.

Appleby Acts as Cayman Counsel on Four More HKEx Listings

Leading offshore law firm Appleby continues to demonstrate its strength in the capital markets practice, advising on four further listings on the Hong Kong Stock Exchange.

Westpac seen expanding capital buffer with A$750 mln hybrid

Regulators have given Australian banks have one year to raise around US$7 billion under new guidelines requiring banks to hold bigger cash buffers.

Singapore vows tough action on banks in 1MDB scandal

Also pledges full assistance and sharing of information with Malaysian authorities.

Capability review of the Australian Securities and Investments Commission

The capability review will ensure that ASIC has the appropriate governance, capabilities and systems to meet these objectives and future regulatory challenges.

Russian billionaire wins ruling to freeze art dealer's Hong Kong assets alleging he pocketed US$1b in secret profits

Russian tycoon accuses Swiss art agent of pocketing US$1b secret profits

Baker & McKenzie Names New Global Leader for International Arbitration Group

Leng Sun serves as Chairperson of the arbitration panel jointly appointed by the EU and Korea

The importance of recording sources of money received from offshore transactions

The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction

Deutsche Börse gets Singapore regulatory approval for clearing house

Deutsche Börse Group has received full regulatory approval from the Monetary Authority of Singapore to operate Eurex Clearing Asia.

Macquarie pays $11m advice compensation so far

Macquarie Group's comprehensive advice remediation program has paid $11 million to disgruntled advice clients a year after it was put in place.

Standard Chartered Must Raise Up to $10 Billion, Mizuho Says

A capital issue would be dilutive, and we would expect the bank’s share price to fall initially

Australia lags global M&A frenzy as bankers, lawyers look set for seventh boom

What we have now is the start of a possible seventh

Legal, Regulation & Compliance