Managers of Wealth Asia Pacific

KPMG 2012 Revenues Reach US$23 Billion

The growth in Advisory and Tax underlines the strength of client demand for professional services

Hedge Fund Manager to Pay $44 Million for Illegal Trading in Chinese Bank Stocks

The Securities and Exchange Commission today charged the manager of two New York-based hedge funds with conducting a pair of trading schemes involving Chinese bank stocks and making $16.7 million in illicit profits.

Jones Day welcomes new Banking & Finance partner

Formerly a partner with Herbert Smith, she will be based in the Firm's Singapore Office.

China's bank regulator steps into WMP ponzi row

The CBRC says principal and non-principal guaranteed wealth management products issued by banks should not fall under shadow-banking. But this doesn't appear to address the risks.

RBNZ releases final Basel III capital requirements

The Reserve Bank today released the final capital adequacy standards, which apply to locally incorporated registered banks in New Zealand and implement the Basel III capital requirements. The bulk of the new standards take effect from 1 January 2013 and

China raises requirements to control bank risks

The remaining banks, in accordance with CBRC requirements, must keep their CAR, TCAR and CCAR equal to or above 8.5, 6.5 and 5.5 percent respectively by the end of 2013.

Kazakhstan Wealth Fund Sued in U.S.

The investors claim in a lawsuit in Manhattan federal court that BTA Bank, which isn’t named as a defendant, defrauded them by inducing them to buy debt securities as part of a 2010 restructuring.

Insider trading gets former J.P. Morgan staffer jail

A former J.P. Morgan employee has been sentenced to 18 months jail by the NSW District Court after she gave inside information to a friend while working at the investment bank.

Madoff whistleblower and FBI target New Zealand

The man who blew the whistle on American Bernie Madoff, and two Federal Bureau of Investigation (FBI) investigators of massive U.S. insider trading activities, are heading to New Zealand.

Withers hires BLP wealth planning partner in Singapore

Michaels is experienced in advising ultra-high-net-worth individuals and their related trusts, controlled companies and businesses across South East Asia. His practice will focus on tax and wealth planning.

Magic circle trio advises as HSBC sells stake in Chinese insurer

Linklaters advised the underwriters on the $1.8bn Hong Kong IPO of Ping An in 2004.

Chinese Billionaire Won’t Give Up on Iceland Plan After Snub

The Chinese billionaire who plans a $200 million property investment in Iceland said he’s not giving up on his plan even after it was thwarted a second time.

China's Huaxia Bank says rogue employee sold troubled wealth product

China's Huaxia Bank Co Ltd has blamed an employee at a Shanghai branch for selling a wealth management product without permission, after Chinese media said the product could not repay investors.

Looking after the family silver - Asian style

These two cases illustrate well how important it is for successful and wealthy businessmen to have a clear and robust succession plan that lays out how their own personal wealth is to be divided, when the time arises.

Conyers Dill & Pearman Awards Hong Commercial Law Prize 2012

Established in 2010 by the Firm’s Hong Kong office in conjunction with the University of Hong Kong, the Commercial Law Prize is awarded to the LLM student who achieves the best overall performance in the school’s Master of Laws in Corporate an

SEC charges four Indian brokerage firms with registration violations

"These four firms and all other foreign broker-dealers must educate themselves on the U.S. laws and regulations when they provide services to U.S. investors."

International legal practice adds Beijing partner

He was previously a partner in the banking group of King & Wood Mallesons' Beijing office.

China central bank official slams U.S. tax dodging law

A new U.S. anti-tax-evasion measure imposes unfair costs on foreign banks and clashes with Chinese law

Mainland banks get signal to beef up capital

The delay drew sharp criticism from Hong Kong Monetary Authority deputy chief executive Arthur Yuen Kwok-hang

Former Citic Pacific executive punished for insider trading

The court also banned him from sitting on the board of any Hong Kong company for three years.

Legal, Regulation & Compliance