The SEC is questioning JPMorgan, the largest US bank, over its relationships with at least two families in China that may have legitimate explanations, sources told Reuters.
While Asian asset managers may be put off targeting European investors, due to AIFMD restrictions on non-EU-domiciled funds, the move should help facilitate such distribution for those that wish to sell products into Europe.
The Times reported on its website, citing a confidential United States government document, that a bribery investigation had been opened to study the allegations.
His move will mark the third senior exit from DLA's Singapore office in the last year, following the departures of Glynn's predecessor as Singapore managing partner, Martin David, and disputes partner Justyn Jagger.
Khoo communicated the inside information to Jia Yao Mathew Tan, who was sentenced in April this year, and another person.
Prior to joining Yulchon, he practised at Kim & Chang in Korea for many years following his work experience in Cravath, Swaine & Moore in New York.