Managers of Wealth Asia Pacific

Lehman's Australian unit told to repay towns

Grange Securities, which was bought by Lehman, invested the towns’ money in securities whose value collapsed.

Ex-Morgan Stanley MD Hong Kong Insider-Trading Conviction Upheld

Du’s offenses occurred while he was a part of a team of Morgan Stanley bankers advising Citic Resources on acquiring oil-field assets in China, the commission said.

Hong Kong Acts To Manage QE3 Dollar Inflows

Territory’s Administration Seeks To Cool Overheated Real Estate Market

Bankers accuse former boss of deceptive conduct

THE former chief executive of St George Bank, Paul Fegan, has appeared in Federal Court to answer claims he engaged in misleading and deceptive conduct while head of the bank in 2008, in the lead-up to the bank's merger with Westpac.

Deloitte announces revenue results of US$31.3 billion

Deloitte Touche Tohmatsu today announced aggregate member firm revenues of US$31.3 billion for the fiscal year ending 31 May 2012, marking the network’s highest revenue ever.

PwC buys Asia-Pacific Risk Management for undisclosed sum

"To transfer our intellectual property and grow our business from the New Zealand testing-bed to companies in Australia and Asia, we concluded we needed a major advisory name behind us to open the doors," Mr Kerr says.

HKMA implements property safeguards

The measures take immediate effect.

Clifford Chance's Hyde to lead Asia Pac finance team

Hyde will relocate to Hong Kong next year for a four-year term in the role. He replaces Huw Jenkins, who has led the firm’s Asia Pacific finance team since 2001.

Malaysia tightens grip on foreign law firms

Malaysia has amended its Legal Professional Act in a move that some believe will become a double-edged sword on foreign legal practices operating in the country.

Dechert set for China growth after being granted Shanghai licence

Dechert is set for growth in China after the firm secured a licence to launch a Shanghai base, which will be the firm’s third location in Asia.

Australia's Financial Sector Faces Tough New Crisis Rules

In the case of local branches of foreign banks, that could also include ensuring assets aren't siphoned out of Australia "to the detriment of depositors and other creditors" in the event of problems elsewhere.

Vietnam has no perfect legal framework for bank M&A

In many cases, the shareholders of banks do not know who are the real owners of the banks, even though banks all are public companies as stipulated by the laws. It is because the banks have changed hands many times.

Freshfields breaks lockstep in Asia to stave off US firm advances

Firm revamps pay packages to retain talent after high-profile exits

Eversheds secures Beijing licence as Kirkland sets out local launch plans

Eversheds has secured a licence for its long-planned launch in Beijing, with Kirkland & Ellis also confirming that it intends to move into the Chinese capital.

The CSRC’s Decision on Li Shaowu’s Violations

Considering the severity of the violations and the adverse social influences, the CSRC decided to impose tough punishment on Li.

Singapore Sibor Check to Include Resilience to Market Change

The minister made his comments as Bank of England Governor Mervyn King leads a meeting of global central bankers on the collapse of confidence in Libor, the benchmark rate for more than $500 trillion of securities.

King & Wood Mallesons moves away from pure lockstep in Australia

The Australian partnership of King & Wood Mallesons has shrunk over the past two years.

Former Chinese Official Banked Stolen Funds in Singapore

The money was transferred to his United Overseas Bank account between Dec. 6, 2010 and Jan. 15, 2011, according to court papers.

Japan Banking Minister Matsushita Found Dead at His Home

Prime Minister Yoshihiko Noda appointed Matsushita, a lawmaker from junior government coalition partner the People’s New Party, as part of a Cabinet reshuffle three months ago.

Allens to close China offices to move in with ally Linklaters

Allens’ Beijing and Shanghai offices are in the process of winding down, with staff from both offices set to move into Linklaters’ Beijing premises.

Legal, Regulation & Compliance