Managers of Wealth Asia Pacific

Money laundering moving to RMB as US cracks down

Money launderers will increasingly move away from the US dollar to the renminbi as US authorities continue to crack down on international banks’ AML systems.

Banking integration in ASEAN gathers pace

The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalise goods, capital and skilled labour flows in the ASEAN region.

Credit Suisse Bid to Dismiss Wealth Client’s Suit Fails

Credit Suisse Group AG lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.

offshore law firm moves partner from BVI to head new HK dispute resolution practice

offshore law firm has set up a dispute resolution practice in Hong Kong to serve Asian clients, relocating partner Ray Ng from the BVI to Hong Kong.

SG: StanChart legal head joins NRF as partner

The appointment in Norton Rose Fulbright’s technology and innovation group is expected to help boost the firm’s Southeast Asia technology and innovation business that focuses on opportunities in Singapore, Malaysia, Indonesia, Vietnam, and Mya

leading international law firm Strengthens Its Employment Practice in Hong Kong

He is an experienced and senior employment practitioner, focusing on advisory and transactional employment law issues for a variety of local and international corporate clients.

China gives Microsoft 20 days to provide explanation in anti-trust probe

The State Administration for Industry and Commerce (SAIC) questioned Microsoft Vice President David Chen and gave the company a deadline to make an explanation, the agency said in a short statement on its website.

Central Bank of Sri Lanka approves 29 consolidation plans of financial institutions

The Monetary Board approved the merger of TPG Global LLC

After Loss of Alibaba I.P.O., Hong Kong Weighs Changes to Its Listing Rules

It’s been nearly a year since Alibaba, the Chinese e-commerce giant, broke off talks with stock market regulators in Hong Kong, deciding instead to pursue its gargantuan initial public offering in the United States.

Fortune SG manager acquitted of insider trading

Shanghai bureau of the CSRC declared that Fortune SG was not involved in any misconduct and Mr. Guo had been reinstated

Money trail leads to hawala channels, offshore accounts

Santanu Ghosh, chairman of Xenitis Group and an accused in the scam

FSC urges Australia to show regional ambitions

The Financial Services Council has called for a new industry body and reform of the country's tax and regulatory systems so it can compete with Hong Kong and Singapore.

China Considers Opening Up Stock Market Further

China's financial regulators are considering expanding a trial program to open up foreign investment in stocks and bonds to more countries, widening the channel for offshore yuan flowing back to the nation.

Funds boutique launches in Hong Kong amidst three-strong promos round

Prior to joining Ogier he spent more than a decade working in Hong Kong.

New China rules to boost small fund houses

Fund management companies are now allowed to set up this type of fund as long as it has been injected with at least 10 million RMB

Banker Arrest Rattles Lenders as Slowdown Deepens: India Credit

Federal investigators apprehended the chief of state-run Syndicate Bank this month, accusing him of accepting bribes in exchange for providing ``financial advantages'' to companies.

Philippines: PSC orders criminal prosecution of defunct Orient Bank owner

The High Tribunal held that the RTC in Manila’s dismissal of the case was null and void

Baker & McKenzie Advises on Allied World's Acquisition of RSA's Hong Kong and Singapore Operations

Baker & McKenzie has advised Allied World Assurance Company, Ltd on its acquisition of the Singapore and Hong Kong operations of Royal & Sun Alliance Insurance plc for approximately USD215 million.

Gov't to seize over US$3.37 billion Marcos ill-gotten wealth

The long-disputed Arlema assets are now ordered seized by the state

ASEAN’s CIS fund passport scheme goes live

Retail investors in ASEAN will benefit from an increase in the choice of funds for investment with the launch of the ASEAN CIS Framework

Legal, Regulation & Compliance