Managers of Wealth Asia Pacific

JPMorgan raises target on Kotak Mahindra Bank, expects sharp earnings bounceback

JPMorgan has raised target price by 17 percent to Rs 875 on Kotak Mahindra Bank.

Robo-advisor startup StashAway gets in-principle approval from MAS to manage investment portfolios

It received an in-principle approval for its Capital Market Services License for Retail Fund Management from the Monetary Authority of Singapore

Singapore, Shanghai deepen ties amid fresh commitments by banks

UOB (China), OCBC, SPD Bank ink MOUs at the third Singapore-Shanghai Financial Forum

Vietnam lucrative for foreign banks

United Overseas Bank, one of Asia’s leading financial institutions with 500 offices in 19 countries and territories, already had a branch in Ho Chi Minh City.

Advisers to be judged by peers

The panel would comprise participants from the financial services and credit industries, as well as non-industry participants such as lawyers and academics, and at least one ASIC staff member.

Regulator Shuts Down Wealth Manager

This means that OAIP has ceased to be a licensed fund management company and is no longer permitted to carry on business in fund management in Singapore.

Asia fund houses eye Mifid impact on research

First State Stewart Asia has changed its approach to paying for research, in an early indication that asset managers in the region will not be immune from looming EU rules.

UBS Must Face Trial On Whether Holding Co. Was Customer

U.S. Magistrate Judge William Matthewman, who is fielding the case without a district judge, said the facts of the case could be interpreted in favor of either UBS or Bounty Gain Enterprises Inc. The holding company has asked arbitrators with..

Sebi may allow institutional investors in commodity

This would be the first board meeting under the chairmanship of Ajay Tyagi, who took charge as Sebi chief on March 1.

China markets regulator: “iron cockerels” to be dealt with harshly

“The CSRC is already paying close attention to this problem – we won’t fail to ensure accountability, and will respond with firm measures as warranted,” he added.

Capital markets essential for private sector: IFC

Myanmar’s demand for international investment is enormous.

'India, S Africa united for centuries by umblical cord'

The Declaration was signed by the then South African President Nelson Mandela and former prime minister of India HD Deve Gowda at the Red Fort in Delhi.

CITIC cleared by tribunal in case of 2008 losses

The tribunal began looking into Citic and directors including former Citic chairman Larry Yung Chi-kin in September 2014 even as the SFC launched a lawsuit seeking sanctions against the five and compensation for up to 4,500 investors.

China’s banking regulator urges lenders to up their risk management measures

Banks are urged to stop lending to zombie companies and shell companies in CBRC guidelines highlighting 10 types of specific risk

Hong Kong regulator fines Coutts for breaching anti-money laundering rules

Has ordered Coutts Hong Kong to pay a pecuniary penalty of 7,000,000 Hong Kong Dollars.

Three Brits arrested in Philippines over boiler room scam

Three British nationals allegedly involved in a investment scam have been arrested in the Philippines.

No law being enacted to give amnesty to offshore assets’ owners

He said neither FBR nor Finance Ministry was preparing any draft in this regard. He further said that no work was being done on it in FBR.

ASIC readies assault on broker stock allocations, practices

ASIC raised some of these concerns in a wide-ranging report last year on sell-side research and corporate advisory.

Magic Circle firm denies plans to trim finance practice

Linklaters began its review of equity points in the practice last year.

True North-led consortium to buy out Religare Health Insurance

Warburg Pincus was also a contender for the deal.

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