Managers of Wealth Asia Pacific

$1 Billion of Shares Frozen as China Hedge Fund Boss Xu Probed

Xu, known in China as “hedge fund brother No. 1,” is one of the targets in a wave of investigations

Kazakhstan to Establish Special Islamic Financial Company

ASTANA –A special Islamic financial company is to be established in Kazakhstan to issue sukuk – Islamic bonds, according to interfax.kz.

Fitch: Asset-Quality Risks for Vietnam Banks Remain Despite New Rules

Beginning April 2015, Vietnam banks are required to classify loan quality according to the lowest rating assigned to each borrower by creditors as collated by the CIC.

Dentons and 大成 formalize combination

The launch follows the previously-announced timeline set in January 2015, after a vote by partners of both firms endorsing the combination, with both firms indicating that an effective date would be set by year's end.

2 Hong Kong-based firms to invest US$150-M in Clark Freeport

Two major Asian private equity firms are investing US$150-million to construct five office towers inside this Freeport.

Hong Kong charges hotel owner in $26 million fraud on China's biggest lender

It gave no details of how have defrauded the bank, nor of where the funds are now.

Former WHK Horwath partner Ray Osborne walks free

Osborne was an adviser to high-profile scientist and Novogen founder Graham Kelly and his son David, who pleaded guilty to tax evasion charges in December 2011.

CBA integrates ESGs into wealth management

We're also committed to providing transparency on how we manage ESG considerations, and to disclosing the progress made in the integration of the framework

International law firm Expands Global Private Client Services Offering

In response to increased demand for private client services, the Maples group, comprising international law firm, Maples and Calder, and leading fiduciary, fund services and private client services provider, MaplesFS, has announced strategic hires in the

KWM’s Hong Kong office doubles up on prime capital markets deals

A key private equity player in China, Fosun is one of KWM’s biggest clients and returned to the firm for the issue of more than 800 million shares at HK$13.42 each.

Deutsche Bank to pay $258m penalty for violating US sanctions

Violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan.

Cayman Deal Returns to Haunt Najib: More Missing Billions Proven

A new Australian court case and documents compiled by Malaysia’s auditor-general raise questions about why the Caribbean investment was set up

Maybank Asset Management signs MoU with Hastings for Shariah-compliant infrastructure fund

The idea partnership with Hastings is that it is going to be the first Islamic infrastructure fund that is focusing on the Asean region, as we want to tap into the region’s growth

Energy-rich Kazakhstan dismisses national bank head as currency slumps

The country is suffering from a deficit in tenge liquidity and the volume of lending has gone down.

Forbes family sues Chinese investors over magazine deal

The family behind Forbes magazine is suing the majority shareholders of its media business -- Chinese investors who acquired a stake last year -- for allegedly failing to pay up.

China unveils guideline on reforming State-owned asset management

The firm can increase the value of state capital by managing equity, management staff and fund movements or optimizing layout through investment and financing, industrial support and capital integration.

U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist

Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings

Meet the Next $2 Billion Law Firm

The other law firms in this group consist of a mix of global and elite law firms

Monetary easing crimps profit growth

All four banks saw smaller interest income increases.

Regulators liquidate Aussie firm managing 1MDB’s US$2.3 billion, says report

Australian company Avestra Asset Management, that was supposedly managing 1Malaysia Development Berhad's (1MDB) proceeds from its joint venture with PetroSaudi International, is being liquidated by Australian authorities, says a report in The Wall St

Legal, Regulation & Compliance