Managers of Wealth Asia Pacific

J.P. Morgan Asset Management gets nod to buy out China joint venture partner

The joint venture firm, China International Fund Management, is 51% owned by J.P. Morgan Asset Management and 49% by Shanghai International Trust Co.

Former Melbourne financial planner Bradley Grimm pleads guilty to dishonest conduct

This followed the listing for trial of the criminal charges against Mr Grimm to commence on 18 January 2023.

Home finance companies and directors to pay $150,000 for failing to cooperate with AFCA

For the next 12 months, both companies are restrained from engaging in credit activity and the Heremaias are restrained from being involved in any business carrying on credit activity.

APRA imposes additional licence conditions on Diversa Trustees

Diversa has approximately 320,000 members and more than $11 billion in funds under management.

Sovereign wealth funds and capital call facilities – the issues to consider

Sovereign immunity risk small in Australia

Hong Kong Woos Middle East Firms for Listings

The markets, for some, are in the mainland, Hong Kong and Southeast Asia.

JPMorgan, Standard Chartered win approval to expand in China

The approval came more than two years after the US bank had applied to buy out CIFM, in 2020.

THailand's SEC issues digital wallet rules

Pursuant to the transitional provisions, digital asset business operators who had provided custody of clients’ assets prior to the effective date of the regulations are required to fully comply within six months as from the effective date.

Carey Olsen celebrates eight new entries in Legal 500 Asia 2023 with Singapore office ranked Tier 1 for second year in a row

In addition, Helen Wang, who was recently promoted to partner, and senior associate Amelia Tan have also been recognised as Rising Stars in Singapore.

BOJ jolts financial markets but risk of a bigger shock remains

Standing pat caught some traders by surprise, but it’s unlikely to douse speculation that the BOJ will normalise policy as inflation in Japan accelerates and governor Haruhiko Kuroda nears the end of his term.

Bank of Japan keeps yield control policy unchanged, dollar surges

The decision follows the BOJ’s surprise move last month to double the yield band, a tweak that analysts say has failed to correct market distortions caused by its heavy bond buying.

Finma License Gives Arve Asset Management a Boost

Managing director Michel Fest said the company can now celebrate the two important milestones with the Finma authorization and the acquisition of the fund.

FSC approves merger of Taipei Fubon Bank, Jih Sun Int'l Bank

Post-merger, Taipei Fubon Bank's projected NT$4.27 trillion in assets would rank it third among Taiwanese banks, behind the state-owned Bank of Taiwan and the private CTBC Bank.

Thailand regulator launches climate risk guidelines for asset managers

“This will not only bring about optimal benefits to the asset owners but also help to develop the Thai capital market,”

China and Trinidad and Tobago seeking to strengthen trade and investment relationship

They agreed on a work plan of activities to increase Trinidad and Tobago exports in Asia

Malaysia regulator requires ratings agencies to have independent majority boards

“This development also points to greater demand and need for independent, high quality, timely and reliable assessments to enable investors to make informed investment decisions and at the same time, promote better market confidence,”

Japan yields break central bank ceiling as markets press for policy shift

The stress was evident across the yield curve, forcing the BOJ to announce two separate rounds of emergency buying worth around US$13.9 billion combined.

AAT upholds Olive Financial Markets’ AFS licence cancellation

On 13 March 2020, ASIC cancelled Olive’s AFS licence.

Interim stop order placed on the Pivotal Diversified Fund

ASIC reminds financial product issuers that under DDO, they must define target markets for their products appropriately, having regard to the risks and features of their products.

MAS revises the Code of Corporate Governance to reflect independent director tenure limit and mandatory renumeration disclosure for directors and CEOs

These revisions to the Code and Listing Rules are in line with the recommendations made by the Corporate Governance Advisory Committee (CGAC) on 13 September 2022, which were in response to the review of SGX-listed companies’ corporate governance di

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