Managers of Wealth Asia Pacific

17th SSQ ALB China Law Awards 2020

The ALB China Law Awards recognise the excellence and outstanding achievements of China’s leading law firms and in-house legal teams, as well as the top deals and dealmakers of the past year.

Singapore watchdog says falsehoods around financial sector hiring ‘unfair’

“Singaporeans are generally doing well in the financial sector, but MAS would like to see more of them move into the senior ranks,” the central bank said in the statement.

ASIC grants frozen fund relief

ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds.

FSC Korea Extends Easier LCR Requirement Six More Months

The move is aimed at easing potential funding stress that could arise if volatility returns, and ensuring financial institutions can continue to provide funding to companies amid the Covid-19 pandemic.

Bankers, lawyers on board for IOOF’s tilt at MLC Wealth

Investment bank Citi and law firm Allen & Overy are helping IOOF with its bid for National Australia Bank’s MLC Wealth.

Hong Kong media executive says HSBC accounts frozen after arrest

Pompeo was retweeted by Jimmy Lai, the owner of Apple Daily and a fierce critic of Beijing, who was arrested alongside Cheung.

Taiwan CSD Launches Consolidated Access to ESG Ratings

The Dashboard will be delivered on the TDCC Investor Relations Platform, an ESG initiative aimed at encouraging sustainable investing and enhancing companies’ performance on ESG issues.

Aus Unity appoints CIO

Kerr-Smith said Fernandes’ leadership experience would improve the firm’s investment capability during a period of heightened economic uncertainty.

Singapore Asset Manager Plans Indochina Expansion

Evergreen Assets Management is launching a fund to raise S$100 million ($73.27 million) to build on its decades-long track record of doing business in Indochina.

‘Need strategic investments in redesigning anti-money laundering compliance in banking’

The report highlights siloed risk management approaches across banking operations, customer due diligence, sanctions screening and trade-based transactions as the root cause for systemic inefficiencies leading to fraud.

ASIC Ends Years-old Probe into CBA’s AML Breaches

The bank ultimately settled the case for a record AUD 700 million (USD 506 million) penalty.

Rajah & Tann wins Asia-Pacific Firm of the Year

The awards recognised Asia Pacific’s leading law firms in 10 practice areas, seven industries and 25 jurisdictions over the past 12 to 18 months.

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

Is the Asia passporting scheme on a standstill?

Fund managers are still waiting for the launch of the first ARFP fund.

Malaysia and Indonesia regulators ink fintech pact

The regulators have agreed to establish a “collaborative framework to develop the fintech ecosystem in both markets”, the SC says in a statement on August 24.

Bank of China provides B-loan financing on Kazak ring road

Sixty-six kilometre project will increase transit throughput, reduce local air pollution

Sam Henderson pleads guilty

Former celebrity financial adviser Sam Henderson has plead guilty to three charges of dishonest conduct.

IOOF pitches credentials, synergies for MLC Wealth

The company is due to report FY20 results on Monday, August 31.

FMA releases report into active and passive fund management

The remaining schemes described themselves as mainly passive or mixed, and were generally true to label.

China Reiterates Support for Hong Kong's Hub Status

The statement also welcomed the entry of foreign players into the estimated $45 trillion financial service industry in the midst of a historic opening across futures, securities, and mutual fund businesses.

Legal, Regulation & Compliance