Managers of Wealth Asia Pacific

AMP should stop whining: Slater and Gordon

Litigation funders have been under the spotlight recently, with new legislation requiring them to have an AFSL to operate in Australia.

AFCA sees 14% rise in complaints

About 73% of complaints were settled by agreement or in favour of the complainant, with banks being the most complained about financial institution.

Australia Launches Open Banking Data Sharing Regime

The big four had already made product reference data available since 1 July 2019.

AFP freezes accounts suspected of defrauding coronavirus superannuation scheme

Criminals have stolen the retirement savings of a number of Australians and about $200,000 has now been located by authorities.

Wirecard Complies with MAS Directions to Keep Customer Funds in Banks in Singapore

Wirecard has informed MAS that it is assessing its ability to continue providing its services in Singapore in light of the filing for insolvency in Germany by its parent company Wirecard AG.

ZEDRA confirms completion of the acquisition of BNP Paribas Singapore Trust Corporation Limited

This latest deal will bring additional scale and expertise to our already fast growing Singapore office.

The Increasingly Important Role of Stock Exchanges in Social Contracts

Stock exchanges grew from coffee shops where traders met, socialised, and exchanged much more than just stocks.

Artisan teams up with Melbourne multi-boutique

Earlier this year, it sold its stake in Ralton Asset Management which focused on SMAs to ASX-listed 360 Capital as the latter looked to build out its equities capabilities.

China loosens rules on fund flows between Greater Bay Area cities, in a partial relaxation of capital controls

Wealth Management Connect will encourage big players such as UBS, HSBC and other private banks and fund houses to increase investment in Hong Kong

PBC, HKMA and the Monetary Authority of Macao Launch Cross-boundary Wealth Management Connect Pilot Scheme

The Wealth Management Connect pilot scheme will be formally launched once relevant rules and systems are in place.

Invesco readies new FMPs in Hong Kong

Invesco plans to launch the first of six fixed maturity products that will focus on Asian investment grade bonds.

China May Grant Securities Licences to Two Major Banks – Report

At least two major commercial banks are likely to be granted securities licences to pilot the policy, allowing them to commence investment banking business rather than a full range of securities services intially.

FASEA chair was briefed by ASIC on code

This guidance would support the Government’s clear policy intention to introduce one single uniform set of ethical standards for all relevant providers

Chinese Jeweller Kingold Probed for Historic Fake Gold Bar Fraud

16 billion yuan ($2.3 billion) of outstanding loans are being backed by 83 tons of allegedly fake gold bars.

Offshore Business Update: Hong Kong

In particular we will focus on the impact to filings, ability to conduct searches, certificates of good standing, other relevant searches, court sessions, travel restrictions and the implications for Economic Substance compliance and residency.

National security law: could Singapore take Hong Kong's finance crown?

But MAS stressed the deposits had come from a variety of sources and were not overwhelmingly from a single region or country.

Pandemic takes the shine off China's Belt and Road Initiative

But Chinese Foreign Minister Wang Yi was more optimistic, noting that the impact of the disease on belt and road projects was not massive.

CBA Staff Give $2 Million to Organisations and Charities Across Australia

For over 100 years, the CommBank Staff Foundation has been supporting youth-focused organisations through the Community Grants Giving Program.

Ex-Malaysia PM Najib seeks to strike out 1MDB audit charges after amendment

The case is one of many that Najib faces for his alleged role in 1MDB, the Malaysian state fund that is at the centre of global investigations into corruption and money laundering.

MAS Consults on Environmental Risk Management Guidelines for Financial Institutions

The Guidelines aim to enhance financial institutions’ (FI) resilience to environmental risk, and strengthen the financial sector’s role in supporting the transition to an environmentally sustainable economy, in Singapore and in the region.

Legal, Regulation & Compliance