Managers of Wealth Asia Pacific

Macquarie statement on ASIC civil proceedings

The reporting issues identified in the proceedings have been remediated with additional controls implemented.

SFC and ADGM’s FSRA enhances regulatory cooperation on supervision of cross-border investment management activity

The MoU provides for a framework for consultation, cooperation and exchange of information in connection with supervision

“Keeping the Ingredients for a Resilient System in Balance” - Opening Remarks by Mr Marcus Lim, Assistant Managing Director (Banking & Insurance), MAS

Since its launch in April 2024, Singapore and France have embarked on a series of collaborations across areas such as the circular economy, renewable energy and sustainable shipping.

HKMA’s Response to US Fed’s Interest Rate Decision

The policy decision is in line with market expectations.

SFC’s senior executives visit Abu Dhabi and Dubai to promote collaboration on virtual assets

The endeavours of the SFC align with the SFC’s broader policy to deepen its overseas networks.

Allens advises TA Associates on investment in leading NZ wealth manager

Alongside Chapman Tripp, Allens advised on all aspects of the transaction.

Financial Hub Singapore: Surprisingly, Everything Remains the Same

A government that preserves and develops these values is therefore crucial.

ASIC permanently bans former financial adviser Neville Allan Kendrick

ASIC also had reason to believe that Mr Kendrick lacks the fitness and propriety, and the training and competence, required to participate in the Australian financial services industry.

ASIC cancels licence of Viridian Equity Group Pty Ltd

As a result, on 17 April 2025, ASIC cancelled Viridian Equity’s AFS licence.

Financial services provider penalised $11 million over “cookie-cutter” advice and conflicted bonus payments

The Court also found that the bonuses paid to the three advisers

UK’s FCA to open first ever offices in US and Australia

Major international investors ‘want easier access to us’

ASIC fines Chapter Two Holdings for misrepresenting debt management outcomes offered to consumers

ASIC alleges that these statements were false or misleading as Chapter Two was not able to substantiate the figures, nor was there a reasonable or evidence-based justification for the statements.

APRA and ASIC publish latest data on life insurance claims and disputes - December 2024

ASIC’s MoneySmart Life insurance claims comparison tool has been updated with the latest data.

IQ-EQ enters the ANZ market with AMAL Group acquisition

The acquisition supports IQ-EQ’s strategy to expand its global corporate trust and loan servicing business and enter into key new growth markets.

ASIC suspends AFS licence following change of ownership

The AFS licence was suspended because it had ceased carrying on a financial services business.

HKMA, HKPF and HKAB jointly announce new measures to strengthen the response to fraud and money laundering

Fraud has been growing in scale and complexity, and the use of technologies has enabled criminals to take advantage of people at speed and scale, amplifying the threat.

SFC Sets Out Staking Guidance for Licensed Virtual Asset Trading Platforms and Authorised Virtual Asset Funds

The latest guidance allows VATPs to expand product and service offerings, one of the five pillars set out in the SFC’s “ASPIRe” roadmap to develop Hong Kong’s virtual asset ecosystem (Note 2).

Singapore’s New Family Office Scandal Prompts Questions in Parliament

The new family office scandal sweeping through the city-state’s justice system appears to be nearing a watershed, at least in the public eye.

KPMG Spins Off Blockchain Platform as New Startup OriginsNext

Independent venture to expand track-and-trace compliance across industries

Banks ring recession risk, while China stimulus hopes emerge

As Trump’s aggressive tariffs roil markets and heighten fears of a US recession, Pictet Asset Management slashes risk outlooks, forecasting an 11% S&P 500 plunge.

Legal, Regulation & Compliance