Managers of Wealth Asia Pacific

Concerns over cancelled ASFL complaints

ASIC said on the information currently available, it does not know if there is a link between the entity provoking the complaints to AFCA and the formerly licensed Australian entity.

Chinese Regulators Approve J.P. Morgan Securities Venture

We will continue to invest in and fully support our business in the country, which has become a critical market for many of our domestic and global clients

ASIC consults on guidance for the new product design and distribution obligations

The legislation has provided a two year transition period for industry to meet the new design and distribution obligations.

ASIC updates internal governance and accountability frameworks

The framework articulates how ASIC’s Commission collectively exercises its functions and powers to deliver ASIC’s statutory objectives.

Asic takes court action against NAB for fees for no service and fee disclosure statement failures

It is also ASIC’s case that NAB engaged in unconscionable conduct from at least May 2018 by continuing to charge ongoing service fees to certain customers when it knew that it had not delivered the services and had issued defective FDSs or at least

Howden partners with Guardian Brokers to boost Middle East presence

Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories, it said.

Ex-Goldman Sachs director charged in US over 1MDB role

The SEC has issued a penalty of $43.7m in accordance to a separate forfeiture order

Japan's GPIF seeks lawyers to advise on private market investments

GPIF has been using private investment legal advisory services since 2015, a year after it ventured into alternative investments.

Industry veteran arrested

He has been charged with six counts of possession of child abuse material and was granted strict conditional bail.

AMPFP ceases MDA services

AMPFP ceased providing MDAs on December 10.

NAB Sued for «Fees for No Services»

The customer may not therefore have been provided with the opportunity to know whether they have received the services for which they have paid or the amount of fees charged to them.

Bank of England says Hong Kong unrest led to $6.7 billion exodus from funds

The Bank of England is particularly concerned by events in Hong Kong because of the outsized exposure of British banks.

Asian financial firms face 'benchmark-aggedon' as tough EU rules near

Organisations that compile and publish market indexes outside the European Union were in February given an extension to the end of 2021 to comply with the EU’s benchmark regulation.

Nomura Signs Final Agreement for Comprehensive Business Alliance with San-in Godo Bank and Gogin Securities

The alliance is subject to regulatory approval, respective company-related approvals and the signing of other necessary agreements.

Philippine court dismisses case seeking $3.9b of Marcos wealth

Country's anti-graft court decided in favour of the Marcoses for the 4th time since August

UOB, DBS, StanChart provide S$945m green loan to Allianz, Gaw for Duo deal

The syndicated loan will finance the S$1.575b joint acquisition of Duo Tower and Duo Galleria from M+S

Singapore Fintech Ditches Plans for Digital Bank License

Nanu said his company will focus on serving businesses in more than 40 markets.

MLC Life loses super fund mandate

OnePath will provide default superannuation cover (death, total and permanent disability and income protection) and voluntary cover.

Adapting to the World of Regulation: How Asia’s HNWIs Can Overcome the Hurdles Ahead

CRS and substance driving change in the family office space

Mourant Hong Kong a leading offshore firm in Asia

The firm maintained its high ranking in the Asia-Pacific edition of Chambers and Partners, reflecting its ongoing strategic expansion in Asia.

Legal, Regulation & Compliance