Managers of Wealth Asia Pacific

Hong Kong watchdog launches consultation on asset manager regulation

It also proposes steps to remove conflicts of interest in the sale of investment products.

Bank of China Set to Start Serbia Operation

Bank of China will receive a full licence to start operating at the beginning of 2017 in Serbia - the first Balkan country to host one of the world's largest banks.

HSBC deemed less systemically important by global regulators

HSBC has been taking steps to shrink its global footprint and reduce its riskier assets

Ex-BSI banker trial: Yeo Jiawei amassed S$23.9m in just 15 months after leaving BSI, say prosecutors

I put it to you that it is quite unbelievable to amass so much - S$23.9 million- in just one year and three months.

Amana Wealth Management licences IdealRatings Boursa solution

Amana Wealth Management is a business unit of Amana Holdings and it provides Investment Banking and Wealth Management Advisory Services.

Desire to be A True International Citizen Drives Demand for Second Passports in the Region

As the number of HNWIs increase in emerging economies, so does the expectation for freedom of movement

Appleby Mauritius advise MakeMyTrip Limited in the creation of one of the leading travel groups in India

The transaction is expected to close by the end of December 2016 and is subject to approval by MakeMyTrip shareholders and regulatory approvals.

Malaysia: Labuan IBFC – Building Opportunity In Asia Pacific

As individual wealth grows in the region, increasing consumer demand from a larger middle-income population has inspired a raft of more sophisticated and comprehensive wealth management services.

Summit, Sindh Bank in merger talks

The proposed deal follows the recent acquisition of Burj Bank by Al Baraka Bank.

Chinese banks active in UAE to spur regional growth

Statistics show trade between the UAE and China is expected to hit 60 billion U.S. dollars by the end of 2016

Duterte okays creation of OFW bank – Labor secretary

The OFW Bank is meant to cater to remittances and other banking needs of Filipino migrant workers all over the world

Private bank incentives for bond deals face pressure

There are no strict rules on the beneficiaries of the rebate

Brazil is breaking with its south-south focus. What it means for BRICS

Brazil seems to be moving away from those ideals, raising questions about its continued membership of the BRICS.

Compliance specialists in demand amid tougher bank regulations

To cope with increasingly strict regulations, global banks operating in Singapore are on the lookout for more compliance experts despite reports of job cuts in other operations such as investment banking.

Cyprus and India sign double taxation avoidance agreement

The agreement will be signed by Finance Minister Harris Georgiades and India’s High Commissioner to Cyprus, Ravi Bangar.

JPMorgan Chase Paying $264 Million to Settle FCPA Charges

JPMorgan also is expected to pay $72 million to the Justice Department and $61.9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firm’s referral hiring practices.

High Court confirms tax evasion by companies linked to wealthy businessman Vanda Gould

It also found Mr Gould was an Australian resident for taxation purposes.

Rs 1 lakh for 2500 UAE Dirhams, agents lure NRIs

Big players in the sector are offering Rs 1 crore for exchange of UAE Dirham equivalent to Rs 50 lakh.

China Promulgates New Cybersecurity Law

Among other provisions, the new law imposes data localization, surveillance, and real-name requirements.

Lombard Risk expands Sales and Product team in Asia Pacific to support regional growth

New opportunities are opening up to us as financial services firms grow and look to new markets.

Legal, Regulation & Compliance