Managers of Wealth Asia Pacific

Pressure on Switzerland on sharing bank account information

Pressure is building up on Switzerland to accede to India's request for information on its citizens who held accounts in HSBC's Geneva branch.

Dubai banker laundered money for Pakistani minister?

Defendant says he was told by an Asian minister to open accounts in name of four women

Mourant Ozannes appear on key panel at Business BVI's Asia conference

On 11 September, Business BVI held their Annual Asia conference in Hong Kong, ' Pivoting to Asia: The Pathway to New Opportunities'.

Westpac fined over misleading statements

The bank has paid the penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement and other promotional material.

Bird & Bird's David Kerr: Australian merger is a possibility

Bird & Bird CEO David Kerr has overseen a period of significant growth at the former IP boutique, and more is on the horizon.

NAB pays $40,800 penalty

National Australia Bank, the Australian financial services licensee for UBank, has paid $40,800 in penalties after ASIC issued four infringement notices for potentially misleading advertisements.

OTC derivatives reporting and licensing in Hong Kong - what assets managers can do now to prepare

Hong Kong’s regulatory requirements for over-the-counter derivative transactions continue to take shape.

Invesco applies for China bond trade licence

Invesco is applying to trade China's local government bonds directly, betting that investing in the debt will allow it to skirt volatility from rising interest rates in the United States while getting higher yields.

International law firm appoints Head of Asia

He joins BLP from DLA Piper where he was Managing Partner of the Asia Pacific region and will be based in the firm’s Hong Kong office.

Stephenson Harwood shuts down in Guangzhou

The firm also became the first UK law firm to enter the Myanmar market in May 2013

Hawksford director invited to speak at prestigious conference in Malaysia

The IMLC is the Malaysian Bar Council’s flagship event and is one of the most prestigious legal events to take place in Malaysia.

British Virgin Islands suffers amid push against money laundering

“You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia.

Two plead guilty to $7m insider trading

A public servant and a National Australia Bank employee have admitted they ran a multimillion-dollar insider trading scheme.

Indian banks will need more than $200 bn to meet Basel III norms: Fitch

Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, Fitch Ratings Inc. said on Monday.

Investment firm braces for legal battle in Hong Kong

Hong Kong lawmakers criticized the company for a six week delay in revealing the losses and the police raided its offices in 2009.

China’s regulator warns managers to step up risk controls

The regulatory watchdog will step up its efforts to crack down on illegal activities

New Zealand: Banks under-report breaches

New Zealand's financial markets watchdog suspects banks are under-reporting breaches of the Financial Advisers Act.

Merrill Lynch Equities Australia handed $96,000 fine

Merrill Lynch also failed to prevent an erroneous order into the ASX Trading Platform

China mulls joining Eurasian Development Bank

Feng told Global Times that he believes if China is to join the EADB, it will need to decide on its share and input in the bank as well as the functions it hopes to serve.

Kirkland & Ellis epands Global Restructuring Practice in Hong Kong

He s one of the leading young restructuring lawyers practicing in Asia and focuses on cross-border transactions involving Indonesia, India, Malaysia, the Philippines and Thailand.

Legal, Regulation & Compliance