Managers of Wealth Asia Pacific

HSBC Boosts CEO Gulliver's Pay as Bank's Bonus Pool Drops 12%

He received 64 percent of his potential bonus, while he will also get a new long-term incentive that could be worth 4 million pounds for 2016 if all targets are met by 2019.

Islamic finance has alot to offer today’s financial systems

Importing principles of Islamic finance into the global economic market would strengthen the system’s overall transparency, ethics, and real asset base.

Insurers braced for ruling in Hong Kong directors’ case

The SFC pressed market misconduct charges against Citic in 2014 for failing in 2008, when it was called Citic Pacific, to disclose immediately billions of dollars in losses on a currency hedge gone wrong.

AIA forms new asset management entity to serve group businesses (Amended)

AIA Singapore's former chief investment officer Cheong Poh Kin has been appointed chief executive of AIAIM and will lead the team of investment professionals.

A call for a duel on bank secrecy

How can he conceal the fruits of his crime?

Hong Kong brokers, fund managers struggle to get their heads round new SFC rule

New requirement that firms appoint individuals to control eight ‘core functions’ is proving harder than it sounds

Bank of China to pay fine in Italy money-laundering

The Bank of China said the plea deal was aimed at "avoiding a long trial and allowing the Milan branch to concentrate on developing its own business.

HSBC Stops Issuing P-Notes As Government Steps Up Clampdown

(Sebi) has shared with the government a list of foreign fund houses that are found to have issued the Offshore Derivative Instruments (ODIs) to Indian nationals.

India’s Largest Insurance Merger Stuck As Regulator Seeks Attorney General’s Advice

The Insurance Act allows for mergers between two life insurance companies but does not make provision for the merger of a life insurance company.

Pakistan to access citizens’ past financial details in foreign countries

The official said the exchange of information between the signatory countries would be restricted to the present details in case of accounts with deposits below the mark of one million dollars.

Coalition cites ANZ credit card rate cut as proof no royal commission is needed

Malcolm Turnbull welcomes the interest rate cut as evidence the house economics committee is holding banks to account

HSBC, UBS stop issuing Participatory Notes as India steps up clampdown

These instruments are not allowed to be issued to Indians, NRIs or Persons of Indian origins.

Bakers makes Hong Kong arbitration addition

He brings to 11, the number of dispute resolution partners the firm has in Greater China.

OurCrowd gets funds, partnership with Taiwan’s bank

Partnership will open door for investments to and from China and assist strategic deals between companies

We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

Bitcoin runs on a peer-to-peer and decentralized architecture with the absence of centralized government and authority.

Eversheds Sutherland in line to have another merger

The merger, which has been in the works for almost two years, will create Eversheds Harry Elias, a law firm which will have more than 90 lawyers in Singapore and Brunei.

Why China’s Richest Worry About Moving Money Abroad

Affluent asset-holders are finding strict foreign exchange rules are bad for their wealth.

1MDB: Emboldened Trusts Wrangle Over Jho Low Assets

Low is fighting in Los Angeles court to keep those assets, exposing an unseemly side of the private banking and trustee industry that is usually kept out of sight.

Japan, Bahamas agree to automatic exchange of financial information for tax purposes

The Ministry said the new agreement provides for information exchange based on the latest international tax standards.

Staying relevant in a new insurance landscape

Who says this will then influence the way advice gets given, as well as how it is remunerated.

Legal, Regulation & Compliance