Managers of Wealth Asia Pacific

Malaysia's banking system can handle Covid-19 challenges, says BNM deputy governor

It has excess capital of RM121 billion versus RM39 billion in 2008 and is capable of withstanding potential credit and market losses.

Frydenberg defends ex-Macquarie boss Moore's role in Virgin rescue

The Morrison government appointed Mr Moore as its special adviser on Virgin two days after the airline’s collapse into administration.

Vestas wins new order for two wind projects in complex terrain in Vietnam

The two projects are owned by local project companies, Huong Tan Wind Power Joint Stock Company and Tan Linh Wind Power Joint Stock Company.

Baker McKenzie Acts on USD 1 Billion Joint Venture to Invest in South Korean Logistics Real Estate

The transaction is expected to be completed before July 2020, subject to relevant regulatory approvals.

MAS and Financial Industry Provide Additional Support for Individuals

This second package will extend the scope of relief for individuals to other types of loan commitments, and allow them to continue to have access to affordable basic banking services.

China's Central Bank Approves Business Operations of Newly Revamped Baoshang Bank

Baoshang's assets, liabilities and operations within the Inner Mongolia region will be taken over by Mengshang

Colonial First State closes global fund

The Acadian Diversified Alpha fund was a global, absolute return, long/short equity strategy.

The improper dilution of shareholders’ rights – the latest instalment in the Tianrui v China Shansui dispute

This issue has long exercised judicial and academic minds in England and other jurisdictions, with widespread disagreement.

Efama and BVI call for urgent completion of Priips review

“We simply must avoid continued misinformation to retail investors and damaging the Ucits brand by extending the currently flawed Priips KID. Time is now of the essence.”

Former Spectrum Wealth, NAB advisers banned

ASIC said Myers failed to identify her client's relevant circumstances or investigate whether the SMSF would achieve her clients' financial objectives beyond their desire to purchase property.

DASH launches LDB platform for regulatory capital compliance

The modernized version of DASH’s LDB platform, DASH 360R, automates the calculation and reporting process, as well as any firm-specific requirements, easing significant back-office operational challenges faced by brokers and clearing firms.

Malaysia is Looking for ex-CEO Wanted for Money Laundering

If found, Wong will, upon conviction, face a fine of up to RM3 million ($US 700,000) or imprisonment up to five years, or both, the statement said.

Rapid uptake for succession & estate planning solutions in Asia

The global measures to curb the spread of the Coronavirus as well as the resulting market instability and travel restrictions have also allowed younger generations to speak more freely with family members.

India central bank opens 500 billion rupee facility for mutual funds facing liquidity stress

India has reported 29,451 cases of Covid-19, the disease caused by the coronavirus, and 939 deaths, as at April 28.

Linklaters counsels PBOC on issuance

Linklaters previously acted as international legal adviser to the PBOC on its first issuance of RMB bills in London, in 2015.

China’s central bank expands fintech regulation to 6 more cities

The regulator further hopes that in expanding to these cities

Asian Pensions Under Pressure on Early Withdrawals

In South Korea, one trillion won has already been withdrawn from personal pension plans, as investors utilise the money for emergency funding.

Cambodia regulator gives nod to four new fund management firms, report says

The report says the SECC issued five fund management licences between January and March, including to Aegies Fund Management Plc and PLMP Venture Capital Co Ltd.

iShares and S&P Dow Jones Indices ink licensing deal for ESG ETFs

iShares offered more than 900 ETFs with US$1.85 trillion of assets under management as of the end of the first quarter of the year.

HKMA: «The Black Swan Has Arrived»

Performance figures for the Exchange Fund will be released in May.

Legal, Regulation & Compliance