Managers of Wealth Asia Pacific

International law firm beefs up Australian M&A team

He joins the firm’s Sydney office from Jones Day and will also serve clients in Africa

SGX Files Report on MF Global Singapore with MAS and Liquidators

The report is rendered pursuant to section 81H of the Securities and Futures Act and states that no sum is payable to or from MFGS. Creditors of MFGS may approach the liquidators of MFGS for more information.

Bird & Bird appoints China chief in regional push

The firm's London and China executive committees developed the first-time roles in light of its ambitious strategy to grow the area to represent 20% of the firm's total revenue and lawyer headcount in the next three to five years.

SFC reprimands and fines Merrill Lynch HK$3.5 million for regulatory breaches

The clients were the subject of a fraud perpetrated by Ms Joyce Hsu Ming Mei, a former licensed representative of Merrill Lynch.

Appleby bolsters Asian team

John Melia added: “I am really excited to be joining our established and experienced transactions team in Hong Kong, and look forward to helping them build on their success in delivering the highest standards of service to our clients in Asia and w

Ex-RBS Trader Claims Bank Omitted Key Records on Rate-Setting Practices -Court Filing

Mr. Tan has argued throughout the case, which commenced late last year, that is common practice for senior bank employees to make requests to RBS's rate setters about appropriate rates.

Singapore says banks warned against European tax evaders

"MAS does not tolerate any flow of illicit funds through our financial system," she said in an emailed statement to Reuters.

Vietnamese banker Nguyen Duc Kien arrested

Stock markets tumbled yesterday when the high-profile detention was reported in the state media, with the main HNX index closing down by 5.24pc.

Hong Kong backs plan to probe Hibor interbank rate

Britain's Financial Services Authority is considering possible reforms to how the Libor is set after a scandal erupted in June over rigging of the rate. Mr. Chan noted that Hong Kong would wait for the recommendations to see if the city would follow

Hong Kong Clarifies Profits Tax Concession On Debt Instruments

The HKMA announced the latest minimum acceptable credit ratings applicable to long-term debt instruments in June 2006.

China tightens lending rules for trusts, corporate bill market

The moves, coming separately from the People's Bank of China and the China Banking Regulatory Commission, form part a campaign to clean up China's financial system as it opens up domestic capital markets to diversify funding options for cash-s

As Dodd-Frank looms, Asian banks look to cut U.S. trading ties

The Dodd-Frank Act was spurred by the 2008 financial crisis and aims to impose tighter supervision of cross-border derivatives trade following incidents such as the loss-making trades by the so-called "London Whale" at JPMorgan's UK office.

Baker & McKenzie Targets Myanmar With New Counsel Hire

Firm would like to open a local office within about a year, depending on the political situation

Morgan Stanley Ex-Official in China Sentenced to 9 Months in Prison

Morgan Stanley believed it was selling a 12% stake in the building to a unit of a state-owned real-estate company but instead sold shares to an entity controlled by Mr. Peterson, the Chinese official and a Canadian lawyer, prosecutors said.

Singapore court awards Marcos millions to PNB

Marcos ruled the Philippines from 1965 to 1986, when he was overthrown by a popular revolt. He died in exile in Hawaii in 1989.

Iran seeks higher returns on S. Korea bank accounts

Iran's central bank has won-denominated accounts at Industrial Bank of Korea and Woori Bank, both owned by the Korean government, to settle payment for its oil sales to Seoul, and its product imports from the Northeast Asian country.

Australian private banker steals from famous author

She worked for the private banking division, which offers personalised service to high net wealth customers.

SFC reprimands and fines RBC Investment Management (Asia) HK$4 million

RBC has also agreed to make repurchase offers to eligible customers and compensation to eligible former customers in a resolution made under section 201 of the Securities & Futures Ordinance.

HSBC banker sues Yahoo Singapore over online imposter

According to Bloomberg, Sandeep Sharma, a managing director at HSBC private banking arm, has asked the Singapore High Court to make Yahoo! Asia Pacific reveal the identity of a person using the name "Sandeep" and claiming to be Sharma.

Standard Chartered's $340m fine is not the last dish on the menu

Shave off £5.8bn and set to bake for one week. Take out of oven right before courtroom hearing. Serve cold to investors.

Legal, Regulation & Compliance