Managers of Wealth Asia Pacific

Top banking officials in China’s Tianjin warned against corruption

Discipline violation is a common euphemism for corruption.

Wolters Kluwer Survey Shows Singapore Bankers Still in Preparation Stage for Upcoming Regulations

The scope of new proposals in the Monetary Authority of Singapore’s overhaul of the MAS 610 reporting regime for banks has been far reaching with banks now preparing to meet the new obligations.

Tech-heavy funds vulnerable to Huawei escalation

Mutual funds with substantial exposure to the technology sectors have been casualties of the US clampdown on Huawei.

News from around the APAC region, May 22, 2019

This will also be Next Story's third hotel in Melbourne, complementing the 120-key Sage Hotel Melbourne in Ringwood and Next Hotel Melbourne which is slated to open in 80 Collins Street by Q2 2020.

Disclosure of internal investigations – the Hong Kong SFC’s FAQs fail to relieve industry concerns

This includes whether the individual was subject to an internal investigation in the six months prior to their departure.

Westpac Singapore's Mortgage Exit Leaves Borrowers Hanging

If the amount was not paid, the bank would take the client to a court or take possession of the related property.

Could New SFC Rules Push More Taiwan Clients to Singapore?

Whilst many sophisticated Hong Kong and mainland China clients are unlikely to shift preferred locations merely due to tightened access to the product universe, Taiwan clients have already shown willingness to book in either or both booking centers.

International Investment joins the World Islamic Banking Conference as media partner

The sophisticated capital market and financial infrastructure in the region enables constructively channelling the capital to invest in the Asia's growth potential.

Singapore Dollar Is Slipping as Trade War Chips at Monetary Band

IMF urges monetary authority to follow ‘data dependent’ path

ISDA consultations on benchmark fallbacks

The first consultation sets out options for adjustments that will apply to the relevant risk-free rates

SFC Rules: Five Things to Watch Out for Wealth Managers

A once popular channel, especially for Greater China’s sophisticated investors, the clampdown will test banks appetite

Ex-JPMorgan banker faces Hong Kong bribery charges over ‘princeling’ hires

Leung, currently at MizMaa Ventures, an Israeli-U.S. tech-focused venture capital firm she co-founded, did not immediately respond to a Reuters email sent via MizMaa requesting comment.

Appleby Hongkong Advises Angelhub On Its Equity Crowdfunding Platform

The Greater Bay Area offers a lot of business opportunities - it just needs a platform to match investors with start-ups.

Australia's ASIC looks to improve complaints handling

ASIC said financial firms should view internal dispute resolution as an opportunity to resolve the issue before it is considered for filing to the Australian Financial Complaints Authority.

Appleby advises QTC Care on its USD 7 million series A financing

Vincent commented on the transaction: “QTC Care is a pioneer in the growing technology health sector in China.

Hong Kong, Netherlands Sign Mutual Recognition of Funds Agreement

"This new framework with the AFM will open up opportunities for the asset management industries in both markets and provide investors in Hong Kong and the Netherlands with more investment choices.

ASIC Raises Bar for Complaints Handling at Financial Firms

Financial firms will be required by ASIC to meet the new standards when they deal with consumer complaints through their Internal Dispute Resolution arrangements.

Alibaba’s Ma Worries EU Regulations Will Stifle Tech Innovation

With lawmakers and regulators around the world clamping down on technology companies, the European Union has become one of the fiercest critics of tech companies.

FASEA reveals exam dates

FASEA chief executive Stephen Glenfield said advisers should register as early as possible.

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.

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