Managers of Wealth Asia Pacific

ANZ changes advice model, cuts Prime Access

"Our new service will give customers complete control of when and how they want to review their financial plan," ANZ managing director private banking and advice, Mike Norfolk said.

SFC Warns Brokers, Traders on Client Facilitation Conduct

Client facilitation services have been a focus area for the SFC since 2016

Appleby Hong Kong advises AngelHub on its equity crowdfunding platform

The transaction marks an important milestone for the start-up environment in Hong Kong with the HKSFC aiming to ensure its regulatory standards are in line with international regulations to build a welcoming environment for financial technology companies

China’s Third-Pillar Pensions Pose Opportunity for Financial Firms

China’s current pension system still mostly relies on the state-run basic pension fund for urban workers and rural residents, or the first pillar, which accounts for more than 70% of the system, about 4.4 trillion yuan ($640 billion).

All brokers should ‘look into’ wealth advice, suggests broker

Mr Samios commented: “For years, I would refer out wealth advice to other people. But then your customer has to go have a meeting with someone you don’t really know even after they have already given you all this information for the mortgage b

Frontier highlights best in show list weaknesses

While a relationship between fund size and net return exists, Frontier said this factor is by no means conclusive.

Deutsche Wealth launches hybrid advisory platform

The platform, which has been launched in Hong Kong and Singapore this month, will provide flat advisory fees to investors.

Fintech Collaboration between the Hong Kong Monetary Authority and the Bank of Thailand

The HKMA looks forward to working together with BOT and seeing the positive outcome from our joint effort.”

Taiwan Adviser Found Embezzling $4.8mn Over 14 Years

The adviser, Chang Hsiu-mi, was subpoenaed by Taipei District Prosecutors’ Office last Wednesday (8 May)

South Korea banks on Vietnam alliance after China chill

Northeast and Southeast Asian partners prioritize economic ties over frictions

Hong Kong regulator to axe 'execution-only' business

Effectively, disclaimers and checkboxes ubiquitous in the financial world online allow false or partial "reverse inquiry" transactions

SC Malaysia Issues Guidelines on Business Continuity

The principles also seek to ensure timely continuity of critical services and fulfilment of business obligations in the event of disruptions.

China Moves Towards Interoperable Bond Market Access Schemes

The liberalisation of the CIBM in recent years has created a alternate route for international investors to access onshore bonds.

Herbert Smith Freehills Launches Biennial Community Engagement Awards (India)

The firm is calling for entries from individuals or teams across India

BSP: Foreign banks can still enter PH

Foreign banks can operate in the country as a branch or wholly owned subsidiary, with the Bangko Sentral taking into consideration strategic relationships and reciprocity rights in accepting applications.

Finance dep’t eyes approval of bank secrecy easing this year

The tax amnesty program looked to impose an amnesty charge equivalent to a portion of the taxpayers’ outstanding unpaid taxes in exchange for immunity from civil, criminal and administrative penalties.

Goldman Sachs applies for Tokyo banking licence

Investment bank to launch global cash management business as part of plan to diversify

Appleby Hong Kong acted as BVI counsel to the largest HKIPO so far in 2019

The transaction was led by Vincent Chan

HONG KONG: Granting of virtual banking licences

The HKMA will closely monitor the operations of virtual banks after they have commenced business

OECD report recommends Japan embrace technological innovation, entrepreneurship to expand agricultural productivity

The report notes that Japan’s agricultural sector has significant room for improvement in environment performance.

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