Managers of Wealth Asia Pacific

Australia's top lenders decline to pass on central bank rate cut in full to customers

As expected, the Reserve Bank of Australia lowered the policy rate by 25 basis points

Important changes to China's individual income tax law

Significantly, the new regulations also affect foreign workers based in China.

State Street cops $125m penalty

The overcharges included a secret markup that State Street attached to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication network.

China to Remove Foreign Ownership Limits a Year Early

China began allowing foreign firms to apply for up to 51 percent ownership in financial sector joint ventures, a controlling stake, which already represented efforts to open up.

Singapore to issue up to five digital banking licences

"The move announced today extends digital bank licences to non-bank players," MAS says.

UBS Rejects Accusations From Papua New Guinea

UBS welcomed the move by the new PM, the bank said in a statement.

Maples Group Selected to Support Groundbreaking Indo-Japan Fund

The unique strategic intent of the Fund is to combine the core strengths of both countries to provide large investors with access to source ideation and technology, as well as to provide a platform for collaboration and strategic investment in start-ups.

Atlas Wealth Management expands to Dubai with DIFC office

"The new office in Dubai is a testament to our commitment to the Australian diaspora when it comes to providing them world class financial advice" said James Ridley, managing director, APAC.

NAB receives approval for Japanese Securities Registration

NAB Executive General Manager Markets Drew Bradford said receiving the registration was an important step forward for NAB’s presence in what is a critically important market for NAB in the region.

Hong Kong Welcomes FATF ‘Overall Compliant’ Result

Hong Kong has strong framework and effective system for combating money laundering and terrorist financing

SANNE secures new bookkeeping licence in China

The new licence will enhance our already well-established Asian network and market expertise, whilst complementing our existing fund offering in China.

ASIC approves an updated Banking Code of Practice

ASIC is assessing those changes in two stages – we have approved the first stage of changes and are yet to decide on the second stage of changes.

India slips to 74th place on Swiss money list; UK remains on top

By comparison, the top-ranked UK accounted for more than 26 per cent of the total foreign funds parked with Swiss banks at the end of 2018.

Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550

This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.

Bank for International Settlements to establish innovation hub centre in Singapore

The Singapore centre will be the third one established, following hubs in Basel and Hong Kong, BIS added.

CountPlus transfers SMA management

"The separation of investment product from advice and the focus on non-conflicted, fee-based financial advice services is key to the strategic focus for CountPlus," CountPlus said in ASX filings on Friday.

Australia's Suncorp to defend lawsuit against pension unit

The law firm declined to comment further.

Banking Liberalisation's Next Chapter: Digital Banks

The platform ecosystems are using this competitive advantage to expand into new markets.

ASIC wealth management enforcement surges

ASIC chair James Shipton has reported a 166 per cent increase in wealth management enforcement investigations from February last year to this past month, in response to the royal commission.

Goldman’s Compensation Offer for 1MDB Losses ‘Not Adequate’

The bank has consistently denied wrongdoing, saying former government and 1MDB officials had lied to it about how proceeds from the bond sales would be used.

Legal, Regulation & Compliance