Managers of Wealth Asia Pacific

China close to its goal of full yuan convertibility on its capital account

Pan Gongsheng,deputy head of the central bank, says move to offer more flexibility for Chinese investment abroad is 'not far away'

LBMA Gold Price Bank of China to join as new participant

The LBMA today is pleased to announce that the Bank of China has been approved by ICE Benchmark Administration to participate in the LBMA Gold Price auction process

Jindal fallout: Singapore will not offer bank info to India

The information on the Jindals was shared by the STRO — the equivalent of the Indian Financial Intelligence Unit — without any reference from India.

Switzerland faces competition from Asian booking centers

Dubai emerges a fast growing asset booking centre

Italian prosecutors seek to indict Bank of China, 297 people

The suspects, mostly Chinese migrants living in Italy

Former NZ head loses JPMorgan job appeal

That follows a Court of Appeal decision yesterday which ruled, in essence, that the Employment Court was not the appropriate forum for the dispute.

Appleby Advises on Four Recent HKEX Listings

The new additions to HKEx come from a variety of industries.

Milford Asset Management to make $1.5 million payment

The Financial Markets Authority has completed its investigation into certain trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited.

RBA warns of risks from asset manager 'fire sales'

The Reserve Bank of Australia is concerned the rapid growth of the global asset management industry could pose systemic risks to the economy

Milford Asset Management agrees settlement with FMA

Milford Asset Management has confirmed its settlement agreement with the Financial Markets Authority

Madhu Kapur gets say on YES Bank board appointments

Bombay High Court upholds rejection of Shagun Gogia as board member, terms two director appointments invalid

A top Australian fund facing questions from ASIC has given back around $75 million to investors

Two directors of the fund recently resigned after the ASIC investigation became public and wrap platforms, accessed by thousands of self managed super funds, have stopped access to the fund.

BT pays $20,400 penalty for misleading statements

BT Funds Management Ltd (BT) has paid $20,400 in penalties after ASIC issued two infringement notices for misleading statements contained in the online advertising of BT Super

Macquarie to refund 2,300 wealth management clients

Macquarie Investment Management Limited is due to refund over $5.5 million to around 2,300 clients affected by system errors

Taiwan Stock Exchange Enhances Stock Market and Raises Trading Efficiency for Connecting the International Market

This regulation change will accelerate price discovery, and also increase the efficiency and liquidity of the market. In amending a practice of 25 years, the FSC shows its commitment to aligning the TWSE with international practice.

Appleby Named as a ‘Leading International Law Firm for India Work’

‘India Business Law Journal’ names Appleby in its list of top foreign firms for India-related work

China steps up banking reforms, lets broader ownership at Bank of Communications

China's cabinet has allowed Bank of Communications , the country's fifth-biggest lender, to introduce more private shareholding as part of Beijing's financial reforms to revitalise state-owned banks.

Barclays, Citi, JPMorgan Face Korea Forex Probe in South Korea

The probe into the manipulation of foreign-exchange rates is spreading beyond the U.S. and Europe.

China trying a policy twist to cut borrowing costs

China is looking for new ways to lower stubbornly high long-term borrowing costs and stop the fruits of its looser monetary policy being pumped into speculative plays instead of supporting its slowing economy, policy insiders say.

Indian Banks must be allowed to raise deposits for gift city to take off

Banks that open shop in the international finance centre must have the flexibility to raise deposits — an activity that the Reserve Bank of India has banned.

Legal, Regulation & Compliance