Managers of Wealth Asia Pacific

Korea Exchange says it checking Merrill Lynch trades after media reports, petition

Petitions on the website of the South Korean president’s office have called for investigations into Merrill Lynch’s KRX trades.

Ogier a finalist for Asian Offshore Law Firm of the Year

This recognition for the work of our office here in Hong Kong is very welcome, and reflects a year of hard work by everyone in the team.

A welcomed spike in employee benefit trusts in Hong Kong

The new rules allow companies with weighted voting rights to list on the HKSE’s main board, as well as biotech firms that have not yet turned a profit.

China regulator asks financial institutions to support infrastructure investment

The move comes amid a period of uncertainty for China’s economy, in part because of an intensifying trade row with the United States.

Dawood Ibrahim's finance manager Jabir Moti nabbed in London

He was arrested by the officials of the Charring Cross Police Station in London.

[News in focus] Gov’t searches for a way to deregulate internet-only banks

The regulation dates back to 1982, when the government attempted to prevent banks from being exploited as the personal piggy banks of chaebol-owner families.

HUB24 lifts targets

HUB24 has lifted its revenue targets for the next three years, as it its platform and advice licensee swelled their revenues in FY18.

Gibraltar-headquartered Sovereign obtains new Hong Kong licences

Any person who carries on a trust or company service business in Hong Kong without a licence commits an offence.

Chinese police nab suspects after S$120 million cryptocurrency theft

The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.

Pension fund regulator sets up panel for advice on cyber safety

The committee has been constituted by the Pension Fund and Regulatory Development Authority (PFRDA) to keep an eye on the technological changes.

Mourant advises BeiGene, Ltd. on Hong Kong’s biggest biotech IPO

BeiGene, Ltd. is a biopharmaceutical company focused on developing and commercialising molecularly targeted and immuno-oncology drugs for the treatment of cancer.

China central bank bars some offshore lending in latest move to support yuan

They prevent commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, the people said.

Appleby Hong Kong shortlisted for five awards

Appleby have been recognised for their contribution in two high-profile deals this year, the disposal of ele.me to Alibaba in May and on the Carlyle Group’s investment in Ant International in June.

Time for NAB to review dividend policy: MS

"NAB intends to maintain the 198c dividend in FY18E," Morgan Stanley told clients on Thursday morning.

AMP to compensate super investors after fresh humiliation at royal commission

Wealth management firm admitted fees were so high that a $100,000 cash super investment made a loss, inquiry told

Cayman funds shrink in Hong Kong

Funds domiciled in Ireland, UK and Bermuda also saw a decline in number and assets in Hong Kong.

Australian Government releases draft decryption legislation

The legislation is subject to public consultation until 10 September 2018.

$24M Thailand Bitcoin Fraud Case Update; Three Banks, Investor and Family on the Hook

The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees

Some Australian Pension Funds May Be Derelict in Duty, Inquiry Hears

Firms that came under fire in this round of hearings include National Australia Bank after one of its units charged more than 220,000 customers for advice they did not receive.

ASIC's concerns over NAB fees revealed

The corporate regulator has outlined suspected offending by National Australia Bank in a document released by the banking royal commission.

Legal, Regulation & Compliance