Managers of Wealth Asia Pacific

'Customer Q' used by UBS staff to skip Indian FII laws ‎

The Upper Tribunal heard Karpe’s appeal against the FSA’s verdict.

UK firms prepare applications as Singapore announces new QFLP licences

The government of Singapore is inviting more foreign law firms to apply for Qualifying Foreign Law Practice (QFLP) licences and will start accepting applications from 1 July.

BI Introduces New License Scheme to Keep Banks Healthy

The multiple-license system will replace the existing practice of banks requiring just a single license, after which they have widespread freedom in conducting their business, constrained only by the nation’s banking law.

Standard Chartered banker freed from detention in China

She was detained on March 6 as part of an investigation into one of her high net worth clients who was suspected to have left China late last year after absconding with millions of dollars.

Nomura linked to another insider trading case-sources

It will also ratchet up the pressure on Nomura CEO Kenichi Watanabe, who had just taken the helm in 2008 when the company fired a Hong Kong-based employee at the centre of an insider trading ring.

China to encourage private capital in banking industry

Private companies would be allowed to buy into banks through private stock placements, new share subscriptions, equity transfers, mergers and acquisitions, the official China Daily said, citing the China Banking Regulatory Commission.

Allen & Overy Announces Vietnam Launch Plans

In a statement, Allen & Overy Asia managing partner Thomas Brown cast the expansion into Vietnam as a part of a broader strategy to build an "unrivalled footprint" across Southeast Asia.

India’s S&R boosts partnership ranks

India's S&R Associates has increased the number of its partners from five to seven with the promotions of Venkatesh Vijayaraghavan in New Delhi and Bhakta Patnaik in Mumbai. The promotions were the first for the firm since 2008. Patnaik, who was

Hogan Lovells and K&L Gates latest to target Australia market

Hogan Lovells is assessing options, with a merger with a mid-tier Australian firm the preferred choice for many partners.

Fraud, recession plague global businesses: PwC survey

The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in

India mulls one-time amnesty for tax evaders

In a plan submitted to the Indian Parliament Monday, the government also said it was considering allowing undeclared gold to be deposited with banks.

Hong Kong Regulator Defends Tougher I.P.O. Proposals

Financial professionals in Hong Kong, the world’s biggest market for initial public offerings for the last three years, have closely watched the regulator’s proposals.

Basel heat on China banks this winter

The new rules, which are stricter than the global ones, will require systemically important banks to maintain capital adequacy ratio at 11.5 percent and core CAR at 9.5 percent by December 2013. The global deadline is the end of 2015.

WEALTH Trio saga a warning bell for super fraud

ONE of the many government reports that arrived during the week and passed almost unreported was the multi-party parliamentary report into the Trio-Astarra superannuation fraud, and more's the pity.

Japan bank freezes Iran accounts after court order

The bank lodged an appeal against the US court order on Thursday, Japan time, he said.

Asia's Lighter Taxes Provide a Lure

Even if U.S. tax rates increase slightly, they would remain historically low.

South Korean bank chief arrested for embezzlement

Lim, 50, is the second bank chief to be arrested since Solomon, Mirae, Hanju and Korea Savings Bank were suspended for six months on May 6 for failing to meet financial-strength standards.

Market entry criteria revised for banking sector in Hong Kong

A spokesman for the Financial Services and the Treasury Bureau said, "These amendments seek to remove from the Banking Ordinance certain licensing criteria for banks, which have become unnecessarily restrictive and put Hong Kong at a disadvantage whe

O’Melveny & Myers Hong Kong names new head

O’Melveny & Myers has appointed longtime capital markets partner David Johnson as the new head of the Hong Kong office, relocating from the firm's Century City office in California in the US.

Billionaire's lover fights claims he forged will

Tony Chan, 52, the former lover of the eccentric billionaire – known as "Little Sweetie" for her taste in school-girlish attire and pigtails – appeared at a magistrates' court in Hong Kong for a pre-trial hearing that has revive

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