Managers of Wealth Asia Pacific

IMF warns HK on exposure to mainland banking system

The IMF in a report just out warns Hong Kong of its exposure to the Mainland banking system, due to close financial ties that could bring a potential shock to interbank markets.

CBA, ASIC slammed over 'sketchy' Senate inquiry submissions

The Commonwealth Bank has revised key details about the measures it took in compensating victims of misconduct

Ashurst former senior partner hired as strategic adviser by Chinese ally

Green relocated to Hong Kong in 2008 to become Asia managing partner

Goldman Veteran Hunts Smugglers in Philippine Graft Fight

Sevilla, 45, is President Benigno Aquino’s latest crusader in his battle against graft

Offshore magic circle law firm launches Singapore office with glittering event

Our expansion into Singapore will enable us to build upon our success in Hong Kong and provide clients across Asia with top-notch legal expertise.”

Baker & McKenzie Advises on the Sale of Four Retail Properties

The Link REIT currently has a portfolio consisting of properties with an internal floor area of approximately 11 million square feet of retail space and approximately 79,000 car park space

Sebi finds mutual funds passively violating rules

The regulator finds some mutual fund schemes have not restricted a single investor from holding more than 25% of the corpus of a scheme

Ex-JPMorgan CEO Fang Fang said to have cut deal with prosecutors

His move has allegedly prompted many at the bank to hire independent lawyers for their own protection.

Alleged Cayman Island Ponzi scheme Centaur Litigation to wind up

The litigation funder's Sydney-based adviser, Buttonwood Legal Capital, last week told investors it had discovered ''a number of financial irregularities in relation to certain funds within the group''.

China targets shadow banking in interbank clampdown

PRC regulators have issued stricter rules on interbank financial transactions as part of their continuing efforts to curb shadow banking and to deleverage the banking sector.

Korea: 9 brokerages, trust firms under investigation

The financial watchdog said it started investigating nine securities and asset management firms, Monday, to see if they violated rules requiring them to inform investors of the risks and other details of their products.

International law firm Advises City Financial on US$122M Asian Macro Fund Launch

The fund launch was notable in that there was no seed investor, with capital coming from a combination of investors in Mr. Barker's previous fund and from new investors.

U.S. investor group urges Japan to step up corporate governance

Japanese companies are currently not required to appoint independent directors

Regulators in China crack down on insider trading

Authorities have accumulated a considerable amount of data and improved the ability of digging information with the system

SFC reprimands and fines Deutsche Bank Aktiengesellschaft $1.6 million for regulatory breaches

In deciding the penalty, the SFC took into account that Deutsche Bank reported the matter to the SFC and has since strengthened its internal controls on the monitoring and disclosure of its equity positions in Hong Kong listed companies.

SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited $12.5 million each for failures related to IPO shares subscription

Although the subscriptions of some of these Placees far exceeded their declared net worth, ICBCI Capital nevertheless allocated the Offer Shares to them. As a result, massive debit balances were triggered after the Offer Shares were booked into their acco

Legal, Regulation & Compliance