Managers of Wealth Asia Pacific

Former PNG PM Somare named as recipient in Singapore money laundering case

Sam Koim, the chairman of Papua New Guinea's anti-corruption squad Taskforce Sweep, said his team had been working with Singaporean authorities on the case.

CPPIB gets RBI nod for raising stake in Kotak Bank

CPPIB picked up stake in the bank from Japanese multinational Sumitomo Mitsui BankingCorp through open market operation earlier this year.

China Engages in 'Backdoor QE' as Monetary Policy Shifts, Says Jefferies

Policy easing in China is bigger than you think.

Mizuho Bank’s Appeal Against Mt Gox Related Lawsuit Dismissed

A US Court has dismissed the appeal filed by Mizuho Bank against Mt Gox customers' class action lawsuit.

J.P. Morgan Gets Stand-Alone Asset-Management License in China

License is registered in Shanghai’s free-trade zone

Australian Commonwealth Bank to shut down India operations

Commonwealth Bank was the first Australian bank to open a branch in Mumbai when it started its operations in the city in August 2010

New Rule: High networth foreign nationals can settle in India

In a bid to lift the construction sector, the government also approved new norms that will help in quicker resolution of disputes to kick-start stalled projects can make access to financing easier.

SFC reprimands and fines BNP Paribas Wealth Management $4 million

The SFC’s investigation found that at the material time, the monetary benefits, including charges, mark-ups and fees, received by BNPPWM from around 2,300 client transactions exceeded the levels it represented in its documentation provided to the cl

World Bank Bond Issue Gives China Chance to Promote Yuan

Three-year bond is denominated in so-called special drawing rights and will pay an annual yield of 0.49%

Storm Financial investor slams court decision

The court has now found that advice given to "certain investors" was "inappropriate to their personal circumstances."

New Asia infrastructure fund attracts Japan Inc, says ADB official

The ADB estimates Asia's infrastructure financing needs at $800 billion a year.

BOJ's Kuroda hints at negative-rate bias

The central bank's negative-rate policy is working.

Regulator set to launch robo-advisor test bed

"We will operate a test bed, inviting local financial services or technology firms to join the initiative."

Westpac accused of bullying Sydney manager

She said the bullying behaviour included "shouting, demeaning behaviour, retrospective changes to her performance reviews, victimisation and instructions not to make any further complaints" about the bullying.

Storm Financial heads breached law: court

The Townsville-based company's strategy backfired badly on thousands of customers during the global financial crisis with many losing their entire life savings and homes.

Singapore reviews venture capital regime to push start-up funding

Singapore is trying to encourage investment in financial technology to boost its role as a regional banking hub

Sebi confirms ban on 11 entities in tax evasion case

The Securities and Exchange Board of India, via an interim order dated June 1, this year had prohibited 76 entities.

Valartis Group AG: FMA Liechtenstein and the Hong Kong Stock Exchange approve the sale of Valartis Bank (Liechtenstein) AG

The approvals mean that the two major conditions precedent on conclusion of the sale's transaction have now been fulfilled.

MAS Proposes New Regulatory Framework and Governance Model for Payments

The proposed framework aims to strengthen standards of consumer protection, anti-money laundering, and cyber security related to payment activities, while facilitating innovation and system interoperability.

MAS charges three in first 'front running' case of alleged insider trading in Singapore

The move also marks the second MAS-led criminal prosecution since the joint investigation by the regulator and the Commercial Affairs Department regime came into effect last year

Legal, Regulation & Compliance