Managers of Wealth Asia Pacific

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.

India Mulls Ceiling for Audit Firms Amid Crack Down on Lapses

Proposal to address concentration in audit services market

Welcome Remarks at the Hong Kong Academy of Finance Inauguration Ceremony cum Fellowship Conferment

The mission of the Academy is to serve as a centre of excellence for developing financial leadership as well as a repository of knowledge in monetary and financial research, including applied research.

S. Korea’s Financial Regulator to Lower Entry Barriers in Securities, Asset Management Sectors

These measures are intended to encourage the investment industry to play an active role in supporting innovative growth of the economy and supplying venture capital.

Singapore is ‘actively studying’ virtual banking licences, says country’s prime minister

PM says MAS is ‘actively studying’ whether to allow virtual banking licences in the country and there could be an announcement soon

Superannuation fund cuts fees

The move will see more low balance members save over $95 a year, and founder Adam Verwey believes it demonstrates the difference between Future Super and the wider super sector.

Chief economist update: Expect an RBNZ rate cut

According to the policy statement: "Domestic growth has slowed over the past year.

No takers for HK’s new fund structure

But the hope is that a July change in Cayman Islands regulations will steer hedge and private fund managers toward locally-domiciled funds.

Bank of Thailand eyes measures to curb hot money

The rate-setters expressed concern that the baht's rise might not be consistent with economic and fundamentals and would continue closely monitor developments of exchange rates and capital flows, he said.

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

This is an increase of nearly $7.9 billion from the previous year

For Japan Inc, discretion is the better part of activist valour

The most visible example of that change is scandal-hit medical equipment maker Olympus Corp, which will become Japan’s first major firm to give a U.S. activist fund a seat on its board this month.

HKMA Rules on Bank Exposure Limits to Take Effect From 1 July

The HKMA’s set of rules to implement the 2014 BCBS large exposures standards and update other exposure limits have now completed the legislative process and will take effect on 1 July 2019.

Former Westpac adviser permanently banned

He also recommended BT insurance and super products to all his clients without investigating their existing products.

Magellan renews fund administrator

As a part of the agreement, Mainstream will provide fund administration services for $71 billion in funds under administration at Magellan which has over $80 billion in total.

Legal, Regulation & Compliance