Managers of Wealth Asia Pacific

China suspends new bank-technology rules

China suspended bank-technology rules that Washington complained represent unfair regulatory pressure on foreign firms, the Wall Street Journal said, citing an official notice.

Bank of China awarded more than $672 million by B.C. court

A B.C. Supreme Court judge has ordered two defendants to pay the Bank of China more than $672 million in an international breach of trust and fraud case.

Wealth giants investigated by ASIC over advice charges

ASIC today provided an update on its Wealth Management Project which is focusing on the conduct of the largest financial advice firms

ANZ to reimburse Prime Access clients

ANZ today confirmed it will be reimbursing some Prime Access clients after it identified the documented annual review, part of a package of services, had not been provided.

Appleby advised In Construction on its Hong Kong Listing

The Appleby team was led by Judy Lee, a corporate partner in the Hong Kong office

Leading offshore law named 2015 'Corporate Law Firm of the Year'

“Our Hong Kong office has been incredibly active this year advising on a wide range of complex corporate transactions, and we are honoured to be recognised for the quality of our work and our dedication to our clients,”

MoFo Expands Singapore M&A Bench With Bengoshi Corporate M&A Partner

“Saori is a well-respected bengoshi corporate partner and her expertise will be invaluable to our clients in Japan looking to expand and invest in the region.”

Baker & McKenzie in Chinese legal market first

The Joint Operation provides clients of both firms with an unprecedented platform to serve their international and PRC legal needs.

HK reforms will cause 'collateral damage' – IFAA

Hong Kong's financial advisory industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms, according to the chairman of the Independent Financial Advisors Association.

ASIC bans former securities dealer

ASIC has banned Anton Kerstens of North Sydney from providing financial services for five years, after an investigation found dealings by his company had manipulated the price of shares in Cauldron Energy.

Philippine Central Bank considers term auction facility to manage cash

The Philippine Central Bank is considering introducing a new liquidity tool that will allow banks to deposit money with the monetary authority for one month to a year

Opening up new markets: Trowers becomes first foreign firm to get licence in Malaysia

Trowers & Hamlins has become the first law firm to secure a Qualified Foreign Law Firm licence in Malaysia as it seeks to capitalise on its Islamic finance offering and target European bound investment.

China moves to tighten control over policy banks

China’s government is strengthening control over the country’s three major policy banks to position them better to support new initiatives to finance projects and corporate expansions abroad and to help stabilise growth at home

Asian Australian Lawyers Want To Shatter 'Bamboo Ceiling'

The Asian Australian Lawyers Association will launch its analysis of Asian Australian cultural diversity in the legal profession here on Tuesday

China weighs up relaxing nascent OA market

The OA scheme came into force in January 2015. Similar to enterprise annuities, the OA scheme consists of contributions from both employees (4% of salary) and employers (8% of salary).

Foreign bank alerts Sebi on HNI kickbacks, refrains from naming intermediaries

A month ago, the head of the foreign bank's private banking division, which caters to well-heeled investors, along with the institution's compliance team met Sebi officials to discuss the matter.

Finding the IBOR That Fits Your Institution’s Needs

In searching for an Investment Book of Record (IBOR), financial institutions (FIs) need a solution built to address the need to record, process and distribute investment data in the different views required by stakeholders.

ED begins probe against Naveen Jindal, his family

Enforcement directorate has begun a probe against industrialist and Congress leader Naveen Jindal and his family for alleged contravention of forex laws in operating bank accounts in Singapore, a charge denied by the former MP.

MYOB's $A830m IPO: regulator raises disclosure concerns

MYOB hopes to finalise its listing price on the ASX by the end of this month

India to establish Dubai's Rera-type regulator to control realty market

Law will ensure compulsory registration of projects with regulator and penalties among other rules

Legal, Regulation & Compliance