Managers of Wealth Asia Pacific

World Bank: China's Belt and Road can speed development, needs transparency

Still, there are “significant risks,” the World Bank said.

Japan's Abe in hot seat after pension report highlights an 'inconvenient truth'

A report this month by advisers to the Financial Services Agency said a model case couple would need $185,000 in addition to their pensions if they lived for 30 years after retiring.

How ‘Singapore-On-Thames’ Ignores A ‘Geneva-On-Johor’ Reality – Analysis

The Brexit movement ignores these facets of Singapore’s experience and focuses on the opacity of its financial system instead, privileging the flaw at the expense of the features.

AIA Singapore provides agents with private banking training

WMI has developed the Certified Private Banker programme

SFC fines Credit Suisse for disclosure failures

The SFC takes the view that CSHK and CSAG have failed to put in place effective systems and controls to ensure compliance with the disclosure requirements and timely detection of the disclosure failures.

China to relax onshore fund rules

Separately, a UK-China MRF programme is in the pipeline and more UK firms are expected to set up WFOEs in China.

Alipay's AI wealth tech platform adopted by China's asset managers

As of June 2018, 27 asset management companies had leveraged Caifuhao’s AI capabilities to increase operational efficiency by 70%.

Saudi Arabia, Japan sign new agreements

Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner

Merrill Lynch faces sanctions for extreme scalping role in Korea

Merrill Lynch could be the first large financial institution to receive financial penalties for disrupting the stock market due to its role related to extreme scalping in Korea.

Korean government institution selects SimCorp Dimension

The solution will be used for the institution’s entire range of assets, including alternatives

AustralianSuper, Link renew mandate

Link managing director John McMurtrie said the group is delighted to continue the partnership.

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

Without admitting or denying the SEC’s findings, ICBCFS agreed to be censured, return nearly $24 million in ill-gotten gains, and pay $4.4 million in prejudgment interest and a $14.3 million penalty.

UK launches stock exchange link with Shanghai

Signed in Madrid at the International Organization of Securities Commissions last year

HKMA Sets Out AML/CFT Best Practices for SME Onboarding

An independent consultant was commissioned to undertake the thematic review between late 2017 and 2018, assessing AIs which collectively account for a significant market share of the SME customer segment.

Global giant wants to cut big four’s lunch

Alex Syhanath, Citi’s head commercial banking arm in Australia, says the venture will court mid-market businesses.

ASIC approves AFCA rules change

AFCA will be able to deal with certain complaints about misconduct which it could not previously deal with.

Cagamas steps up activity as Malaysia sentiment improves

Datuk Chung Chee Leong, President/Chief Executive Officer of National Mortgage Corporation of Malaysia, discusses agency's bond and sukuk issuance, risk management and investor relations

MAS issues prohibition orders against ex-UBS employee for forgery

MAS’ investigation found that Mr Michele had falsified emails on such background checks.

South Korea’s Pension Fund to Adopt New Hiring Policy Amid Staff Exodus

The NPS has been having trouble attracting experienced portfolio managers — so it’s looking at training its own.

Australian regulator slaps stricter conditions on AMP's pension funds

The new directions and conditions are designed to deliver enhanced member outcomes by requiring AMP Super to make significant changes to its business practices.

Legal, Regulation & Compliance