Managers of Wealth Asia Pacific

APRA releases 2020 Year in Review

The 2020 Year in Review is available on the APRA website at: APRA 2020 Year in Review.

A Key Player in Malaysia's Biggest-Ever Corruption Scandal Found Sanctuary in Cyprus With Help From a Major London Firm

To solve these problems, Low turned to the sunny eastern Mediterranean island of Cyprus

Agreement reached for Greater Bay Area wealth management system pilot phase

This plan intends to reduce cross-boundary restrictions for nearly 70 million residents in the Bay Area cities to access wealth products

Memorandum of Understanding on supervisory cooperation under the Cross-boundary Wealth Management Connect

By signing the Memorandum of Understanding, authorities in the three places aim to establish sound supervisory cooperation arrangements and liaison mechanism.

Harneys wins three 2020 Deal of the Year Awards from China Business Law Journal

The China Business Law Journal’s awards are presented annually and are based on hundreds of nominations from in-house counsel and other qualified observers, and research conducted by the China Business Law Journal’s editorial team.

ICICI Bank signs MoU with MUFG Bank, Japan

Japan and India have strong bilateral relations and there are several synergies between two leading banks in Japan and India

National Australia Bank’s $220 Million Acquisition of neobank 86 400

The KWM team was led by M&A Partner Diana Nicholson , supported by a multidisciplinary team including Partners Caroline Coops and Anne-Marie Neagle and Katherine Forrest , Senior Associate Rebecca Williams and Special Counsel Sean Field.

‘Very uncomfortable position’: ATO won’t rule out criminal charges in PwC legal stoush

At the heart of the case is whether PwC inappropriately used legal professional privilege (LPP) to withhold facts and evidence from the ATO in completing work for JBS and its subsidiaries.

UBS AM income fund gets SFC nod

The Hong Kong-domiciled product is authorised for sale to retail investors a year after its launch.

Indosuez Wealth Management: «Banning Short Selling Would Be a Bad Idea»

Despite diminishing impact from the Reddit rally, regulators worldwide are actively reviewing the situation and Indosuez believes that there is a possibility for a change in rules though it does not foresee or support an outright ban on short selling.

Hong Kong’s eMPF end-2022 timeline seen as challenging

“It’s a challenging task to get the project done with the tight timeline,” Ka Shi Lau, managing director and chief executive officer of MPF provider BCT Group tells Asia Asset Management.

Korea Raises Capital Requirements at Private Equity Funds

The amendments will also require private equity funds to record their explanations of complex products to their customers, and to provide customers with a two-day grace period during which they are allowed to back out of the investments.

Criminal complaint filed against Devere & Partners in Thailand

The firm’s managing director and another company he runs

Asset Price Correction Could Jeopardise Financial Stability: IMF

The IMF also says liquidity and solvency pressures may resurface in the near future, especially in riskier segments of credit markets and sectors hit hard by the pandemic.

Philippines' Duterte tightens anti-money laundering rules to avoid `grey list'

“Consistent with its foreign policy, the state shall extend cooperation in transnational investigations and prosecutions of persons involved in money laundering activities wherever committed,”

Former JPMorgan Asia top banker found not guilty of bribery

Ang Ren-yi worked at JPMorgan from June 2010 until October 2011, according to court documents.

Baker McKenzie Acts for Managers in AVIC International's USD 200 million bond issuance

This deal follows AVIC International's USD 300 million bonds issuance, in which the Firm likewise represented the managers.

ASIC points to several actions against fund managers

The formal ASIC announcement said the Federal Court winding up orders represented the first final outcome arising from ASIC’s court actions issued against Mayfair 101 Group companies and their director James Mawhinney.

Former NAB Executive Jailed Over Scheme to Defrauding Bank

Human Group is said to have issued a series of invoices totalling approximately AUD 43.4 million for consulting services which were provided to NAB as part of a scheme to defraud the bank.

Singapore Authorities Probe Crowdfunding Platform for Misconduct

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act.

Legal, Regulation & Compliance