The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 25 Oct 2014 08:42:16 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Hong Kong Protests Turn DBS Wealth Deal Into Relocation Ordeal News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16982/hong-kong-protests-turn-dbs-wealth-deal-into-relocation-ordeal We were afraid that if our staff go in, they can’t come out Wealth and Asset Management 'Brand Bahamas' Needed To Make Asian Inroads News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16991/amp039brand-bahamasamp039-needed-to-make-asian-inroads The Bahamas will have “more than our combined” level of current financial services business if it captures just a small percentage of the China/Asian market, but needs to better establish its “brand” in the region. Wealth and Asset Management JPMorgan Knew That Something Was Off About Hiring In China News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16996/jpmorgan-knew-that-something-was-off-about-hiring-in-china JPMorgan officials discussed the bank's questionable hiring practices in China over a year before federal investigations started Wealth and Asset Management Bassam Salem On Asia’s Appetite for Credit Risk News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17001/bassam-salem-on-asiaamprsquos-appetite-for-credit-risk CEO of Citi’s Private Bank in Asia says the wealthy seek external advice, but transparency is key. Wealth and Asset Management Good wealth advisers are hard to find News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16962/good-wealth-advisers-are-hard-to-find “As a boutique organisation, we don’t have a brand that people are naturally attracted to, and we need to find people that really relate to a very bespoke culture and ethical standard. It’s very, very hard.” Wealth and Asset Management UBS looking for millionaires in an unlikely place News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16967/ubs-looking-for-millionaires-in-an-unlikely-place While average incomes are 27 percent lower on the north side of Victoria Harbour than on Hong Kong Island Wealth and Asset Management DBS Private Bank says it is well-positioned for growth News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16936/dbs-private-bank-says-it-is-well-positioned-for-growth Since it started operations years ago, DBS Private Bank has been making strides. Just last week, it was named outstanding private bank in the Asia Pacific. Wealth and Asset Management BNY Mellon Wealth Management in Hong Kong wealth management push News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16937/bny-mellon-wealth-management-in-hong-kong-wealth-management-push Launch builds upon BNY Mellon's global investment and wealth management strategy Wealth and Asset Management The private client advice market in ­Australia is about to change News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16956/the-private-client-advice-market-in-ampshyaustralia-is-about-to-change The private client advice market in ­Australia is about to change as the “product” moves down the hierarchy of importance and the “quality of advice” and “investment strategy” move up. Wealth and Asset Management Only in China: Open a Bank Account, Get an iPhone 6 News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16957/only-in-china-open-a-bank-account-get-an-iphone-6 The wealth-management products are tailored to cater to Chinese consumers’ craze for Apple smartphones while also aiming to help boost the lender’s deposit base as Beijing moves to inject more competition into the country’s banking secto Wealth and Asset Management Standard Chartered names two in financial markets sales News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16973/standard-chartered-names-two-in-financial-markets-sales Cheng, who joins from Pimco, will be responsible for driving all RMB-related financial market opportunities globally. Executive Moves Sovereign wealth fund chief to lead China's CICC after chairman resigns News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16975/sovereign-wealth-fund-chief-to-lead-chinaamp039s-cicc-after-chairman-resigns Reuters reported last week that Jin would quit this year to take up a position at Asia Infrastructure Investment Bank (AIIB), a regional development bank being set up by Beijing. Executive Moves HSBC names ex-Goldman banker Kim head of Korea securities unit News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16938/hsbc-names-ex-goldman-banker-kim-head-of-korea-securities-unit HSBC Holdings Plc has named former Goldman Sachs banker Dojin Kim as head of HSBC Securities and head of capital financing for South Korea Executive Moves Former JBWere acting CEO joins Impact Investing News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16939/former-jbwere-acting-ceo-joins-impact-investing Madhavan spent 12 years at wealth management firm JBWere, working in a range of roles including investment advisor, head of NSW, chief operating officer and, most recently, acting chief executive. Executive Moves Loomis Sayles Appoints Director, Institutional Services in Asia News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16942/loomis-sayles-appoints-director-institutional-services-in-asia In this new role, he will provide critical support and guidance on Loomis Sayles investment strategies and products to the Natixis business development offices throughout Asia. Executive Moves Former Direct Report to Sberbank CEO Joins New Zealand's Auckland Savings Bank News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16944/former-direct-report-to-sberbank-ceo-joins-new-zealandamp039s-auckland-savings-bank He brings more than 25 years of experience, to the bank, managing and leading local and global scale business transformation initiatives in the financial services industry and beyond. Executive Moves BMO Private Bank adding asset managers News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16902/bmo-private-bank-adding-asset-managers The international private bank of Bank of Montreal will appoint fund houses to advise on European and Asia ex-Japan equity, and more are to come for other asset classes. Executive Moves The “big three” banks that keep on hiring in Singapore and Hong Kong News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16903/the-ampldquobig-threeamprdquo-banks-that-keep-on-hiring-in-singapore-and-hong-kong Citi, HSBC and Standard Chartered have generated their share of negative headlines in Asia of late as they retrench some of their operations across the region. Executive Moves Northern Trust Establishes Office in South Korea News Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16865/northern-trust-establishes-office-in-south-korea Northern Trust today announces its continued expansion across Asia-Pacific with the establishment of a Representative Office in Seoul, South Korea, following regulatory approval from the Financial Services Commission Executive Moves China's ex-finance minister to head new Asian bank News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16870/chinaamp039s-ex-finance-minister-to-head-new-asian-bank It has been widely assumed that the AIIB would limit itself to financing basic infrastructure projects in Asia but the roots of the institution in China's Tianjin province link it with more ambitious initiatives to launch a North-east Asia Developmen Executive Moves Baker & McKenzie turns to Corrs for Aussie corporate hire News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16993/baker-ampamp-mckenzie-turns-to-corrs-for-aussie-corporate-hire On his appointment, Peter said: "Baker & McKenzie is the global firm against which all others are measured" Legal, Regulation & Compliance Banking chiefs want stronger 'Asian voices' in reform talks News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16998/banking-chiefs-want-stronger-amp039asian-voicesamp039-in-reform-talks The region's banking chiefs are calling for stronger "Asian voices" in global discussions about industry regulatory reform. Legal, Regulation & Compliance BNY Mellon China JV gets regulator approval for exit of U.S. partner News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17003/bny-mellon-china-jv-gets-regulator-approval-for-exit-of-us-partner Joint ventures between Chinese financial services firms and foreign counterparts have run into trouble recently, with defaults mounting among local partners amid a slowing economy. Legal, Regulation & Compliance ASIC continues Macquarie remediation News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16961/asic-continues-macquarie-remediation The Australian Securities and Investments Commission (ASIC) has pointed to its remediation work with Macquarie Private Wealth as one of its steps towards the regulator "doing a better job". Legal, Regulation & Compliance SIX regulatory coverage to include SFC products for HK clients News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16976/six-regulatory-coverage-to-include-sfc-products-for-hk-clients SIX Financial Information services Hong Kong investors with SFC authorised investment products data. Legal, Regulation & Compliance Too many tweets may make a Twit by Amber Melville-Brown, Withers News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16926/too-many-tweets-may-make-a-twit-by-amber-melville-brown-withers Jack Dorsey christened as ‘Twitter’ the product he created to provide ‘a short burst of inconsequential information’. Legal, Regulation & Compliance Banks Face $100 Billion Fund Gap on Rules: Japan Credit News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16928/banks-face-100-billion-fund-gap-on-rules-japan-credit While Japan’s bank lobby has signaled its opposition to the plan, the nation’s low interest rates would help lenders issue the so-called bail-in bonds cheaply, according to Deutsche Bank AG analyst Yoshinobu Yamada. Legal, Regulation & Compliance Baker & McKenzie Strengthens Capital Markets Practice in Singapore News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16929/baker-ampamp-mckenzie-strengthens-capital-markets-practice-in-singapore I am excited to join Baker & McKenzie and be part of its compelling blend of international expertise and strong local knowledge Legal, Regulation & Compliance Investors seek delay to HK-Shanghai stock tie-up News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16946/investors-seek-delay-to-hk-shanghai-stock-tie-up Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules Legal, Regulation & Compliance Swiss banks trying to distance from dodgy Indian clients News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16952/swiss-banks-trying-to-distance-from-dodgy-indian-clients The challenge for these customers is to move the money to some other destination without leaving a trail Legal, Regulation & Compliance Sumitomo Mitsui Finance and Leasing Company goes live with SunGard Ambit Asset Finance News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16941/sumitomo-mitsui-finance-and-leasing-company-goes-live-with-sungard-ambit-asset-finance Sumitomo Mitsui Finance and Leasing Company Limited (SMFL), a leading corporate leasing and financing company headquartered in Japan, has gone live with SunGard's Ambit Asset Finance solution to support their service extension to clients in the US. BankTech China Lays Magnetic Cards to Rest; Era of "Chip-Based Cards" Begins News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16943/china-lays-magnetic-cards-to-rest-era-of-ampquotchip-based-cardsampquot-begins Banks in larger metropolitan areas are expected to issue only chip-based cards from next year and the issuing of magnetic cards in second and third tier cities will also gradually come to an end. BankTech Private Banker International Award for Avaloq News Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16927/private-banker-international-award-for-avaloq Private Banker International has announced today that Avaloq Asia Pacific has been awarded with the 2014 PBI Global Wealth Award in the category of “Outstanding Wealth Management Technology Provider – Most Effective Integrated Solution” BankTech Infinia Services & Solutions expanding in the South East Asia market News Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16866/infinia-services-ampamp-solutions-expanding-in-the-south-east-asia-market Infinia Services & Solutions, a UAE-based loyalty management and payment solutions company, announced the launch of its subsidiary "Infinia Payment Systems" into the South East Asia market. BankTech Official Launch of Ant Financial Services Group Brings New Financial Ecosystem to China News Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16836/official-launch-of-ant-financial-services-group-brings-new-financial-ecosystem-to-china Formerly known as Small and Micro Financial Services Company, Ant Financial initiated its formation process in early 2013 and is comprised of Alipay, Alipay Wallet, Yu'e Bao, Zhao Cai Bao, Ant Credit and MYbank which is currently being established BankTech Dion Global Adds to NOVA to Cater to Hong Kong-Shanghai Financial Trading News Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16778/dion-global-adds-to-nova-to-cater-to-hong-kong-shanghai-financial-trading The Shanghai–Hong Kong Stock Connect programme is scheduled to commence in mid- October this year. BankTech Tech start-ups target financial advisers News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16792/tech-start-ups-target-financial-advisers A panel of banking entrepreneurs and Westpac advisers held in Sydney on Tuesday found financial advisers are top of tech entrepreneur’s hit-lists as the banking industry braces for disruption. BankTech NAB heralds ‘Village’ success as CBA looks to new tech offerings News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16793/nab-heralds-amplsquovillageamprsquo-success-as-cba-looks-to-new-tech-offerings It has signed on over 1000 members, and is in such demand that NAB’s GM of Small Business David Bannatyne said further national iterations could be on the cards, initially in Sydney. BankTech How deal discovery tools built by Equity Crest and Applyifi help investors connect with start-ups News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16773/how-deal-discovery-tools-built-by-equity-crest-and-applyifi-help-investors-connect-with-start-ups Currently in beta phase, it's already working with six startups and has 10 investors on board at present BankTech Two new senior hires at 360T Asia Pacific in Singapore News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16776/two-new-senior-hires-at-360t-asia-pacific-in-singapore 360T, an independent global provider of a multi-bank, multi-asset trading platform, continues its expansion in the Asian market by hiring 2 new senior staff at its regional headquarters in Singapore… BankTech Manulife Singapore Enters Into Exclusive Patnership With RHB Bank in Singapore News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16984/manulife-singapore-enters-into-exclusive-patnership-with-rhb-bank-in-singapore Manulife Singapore and RHB share the same dedication to delivering innovative solutions that provide real and sustainable value to clients for their financial needs Alternative Investments RHB Asset Management launches entrepreneur fund News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16988/rhb-asset-management-launches-entrepreneur-fund These are the type of companies that are consistence in their business philosophy Alternative Investments Export-Import Bank of Korea Incurs Huge Losses from Fund Investment News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17000/export-import-bank-of-korea-incurs-huge-losses-from-fund-investment The natural resources development funds raised by the former Lee Myung-bak administration and invested by the Export-Import Bank of Korea are recording losses of no less than 16.7 billion won Alternative Investments Old Mutual may grow stake in Indian insurance venture News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16935/old-mutual-may-grow-stake-in-indian-insurance-venture Old Mutual wants to increase its stake in its India life insurance joint venture with Kotak Mahindra to 49% from 26% if regulations are eased. Alternative Investments Cambridge creates new hedge fund role News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16940/cambridge-creates-new-hedge-fund-role Investment consultancy Cambridge Associates has named its first head of hedge funds for Australia and New Zealand as it sees demand for the asset class rises in those countries. Alternative Investments Nikko hands $175m mandate to AMP Capital News Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16947/nikko-hands-175m-mandate-to-amp-capital AMP Capital has won a A$175 million mandate from Nikko Asset Management Australia to manage a concentrated equity portfolio on behalf of its multi-manager team. Alternative Investments Asian investors turn to U.S. apartment buildings News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16949/asian-investors-turn-to-us-apartment-buildings After snapping up luxury condos and commercial properties in New York and Los Angeles, Asian investors are now training their eyes on U.S. apartment buildings. Alternative Investments Polish property market popular with invetors in Asia, Middle East News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16958/polish-property-market-popular-with-invetors-in-asia-middle-east Investors were attracted by positive prospects of the Polish housing market Alternative Investments Listed private equity fund acquires $129 million of assets from Temasek News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16963/listed-private-equity-fund-acquires-129-million-of-assets-from-temasek New strategy to move beyond private equity and venture capital investments, TIH chairman Kin Chan said in a statement. Alternative Investments SMA platform award winner announced News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16969/sma-platform-award-winner-announced Brad Wood, director of Astute, a financial planning group that recently adopted Praemium’s SMA platform, said SMAs were “the future” in the financial services sector. Alternative Investments Pakistan: OMOs in Ijara Sukuk News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16909/pakistan-omos-in-ijara-sukuk A long-standing demand of Islamic banks has been finally met. State Bank of Pakistan announced on 16th October, 2014 that, from now onwards Islamic Finance Islamic banking experts from Malaysia needed at global level News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16860/islamic-banking-experts-from-malaysia-needed-at-global-level Malaysia as the leader in Islamic banking and finance (IBF) must produce more human capital experts in the sector not only to meet local demand but also at the global level. Islamic Finance Hong Leong Islamic Bank bags 'Islamic Finance Deal of the Year' News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16812/hong-leong-islamic-bank-bags-amp039islamic-finance-deal-of-the-yearamp039 Hong Leong Islamic Bank Berhad recently bagged the Islamic Finance Deal of the Year Award, a category under the Global Finance Awards 2014. Islamic Finance Malaysia tax breaks may shift Islamic bonds beyond murabaha News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16814/malaysia-tax-breaks-may-shift-islamic-bonds-beyond-murabaha Malaysia is adjusting its tax structure to favour issues of some types of Islamic bond, in a move that could attract more foreign issuers and investors to its market and narrow differences with the Gulf, the other main centre of Islamic finance. Islamic Finance Malaysia, Singapore have expertise to develop wealth management News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16816/malaysia-singapore-have-expertise-to-develop-wealth-management Each of these parts contributes to a specific value-added competency, hence we must strive to enhance the regional wealth management industry Islamic Finance Basel III Sales Build With Oldest Malaysia Bank News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16820/basel-iii-sales-build-with-oldest-malaysia-bank This year’s issuance of the debt totals 3.1 billion ringgit from five other lenders complying with religious tenets. Islamic Finance IMF holds first talks on Islamic finance News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16745/imf-holds-first-talks-on-islamic-finance Islamic banks face a shortage of high-quality liquid assets that they can hold to meet the standards, and there is uncertainty over regulatory treatment of their deposits Islamic Finance Maybank Islamic named best Islamic financial institution in Asia News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16748/maybank-islamic-named-best-islamic-financial-institution-in-asia This is the second time the bank has won the award Islamic Finance New Asian “powerhouse” bank tipped to hire in Singapore – but would you want to work there? News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16758/new-asian-ampldquopowerhouseamprdquo-bank-tipped-to-hire-in-singapore-ampndash-but-would-you-want-to-work-there The companies last week agreed on a US$22.3bn merger to form Malaysia’s largest bank by assets – the deal is expected to be completed by mid-2015, provided it is approved by Malaysia’s central bank. Islamic Finance Malaysia Tax Incentives Chase Stringent Funds: Islamic Finance News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16765/malaysia-tax-incentives-chase-stringent-funds-islamic-finance Malaysia is extending tax breaks on sukuk structures that are acceptable to Middle Eastern investors as it seeks to attract more money from the oil-rich region. Islamic Finance 21 countries launch China-proposed Asia infrastructure bank News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17004/21-countries-launch-china-proposed-asia-infrastructure-bank The 21 economies are Bangladesh, Brunei Darussalam, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Uzbekistan, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam. Investment Banking Three major nations absent as China launches World Bank rival News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17005/three-major-nations-absent-as-china-launches-world-bank-rival Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders Investment Banking JPMorgan Chase execs knew of China hiring problems since 2011 News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16955/jpmorgan-chase-execs-knew-of-china-hiring-problems-since-2011 But we got to figure out exactly how to create a safe harbor for that so you don’t…end up getting punished Investment Banking JP Morgan retools China investment bank News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16968/jp-morgan-retools-china-investment-bank JP Morgan is adding headcount in China to capture more of the record-breaking surge in investment banking revenues from advising privately owned Chinese firms going global. Investment Banking Banco Espírito Santo Investment Bank Looks for Suitors News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16920/banco-espampiacuterito-santo-investment-bank-looks-for-suitors Possible Buyers in China, Dubai and Mexico Have Been ApproachedSenior executives at the investment banking arm of failed Portuguese lender Banco Espírito Santo SA have met recently with potential suitors to explore options for salvaging the unit, a Investment Banking Australian Unity Investments has selected BNP Paribas as its new custodian News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16787/australian-unity-investments-has-selected-bnp-paribas-as-its-new-custodian In a joint statement with AUI, BNP Paribas said the appointment came after an "extensive market review". Investment Banking Banks hire HK traders on lure of China bourse link News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16801/banks-hire-hk-traders-on-lure-of-china-bourse-link Banks in Hong Kong are building up their trading desks to capitalise on the imminent link-up of the Hong Kong and Shanghai stock exchanges, spelling a reprieve for one of the banking industry's endangered species. Investment Banking Deutsche Bank looks to open new branches in China News Aggregation Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16774/deutsche-bank-looks-to-open-new-branches-in-china Deutsche Bank hopes to open new branches in China at a rate of about one per year as it positions itself to benefit from expanding trade and investment between Asia's largest economy and Europe. Investment Banking Maybank Investment Bank To Set Aside RM1 Million For Newly-Launched Trade & Give Initiative News Aggregation Team Monday, October 13, 2014 12:00 am http://www.apbankers.net/article/16724/maybank-investment-bank-to-set-aside-rm1-million-for-newly-launched-trade-ampamp-give-initiative "The micro-financing fund set up for this purpose is contributed from a percentage of brokerage fees generated from trades by clients that Maybank Investment receives," she told reporters after the launch of the initiative here today. Investment Banking BNP to Safeguard Trade Orders for Hong Kong-Shanghai Link News Aggregation Team Monday, October 13, 2014 12:00 am http://www.apbankers.net/article/16725/bnp-to-safeguard-trade-orders-for-hong-kong-shanghai-link This solution will cover the entire trade lifecycle from pre-trade checks and execution to clearing and settlement Investment Banking Nationalism vs Reciprocity in Indonesian Banking Regulations News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16983/nationalism-vs-reciprocity-in-indonesian-banking-regulations These sentiments are not good news for the general financing of businesses in Indonesia InvestmentView Edmond de Rothschild Takes a Fresh View on Chinese Private Equity News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16997/edmond-de-rothschild-takes-a-fresh-view-on-chinese-private-equity One of Europe’s oldest financial institutions, Edmond de Rothschild Group, is making waves in China’s private equity market. InvestmentView Ben Bernanke Gave A Private Speech To High-Powered Investors In Tokyo, Here's What He Said News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16951/ben-bernanke-gave-a-private-speech-to-high-powered-investors-in-tokyo-hereamp039s-what-he-said Bernanke sounded positive about global prospects in a general sense InvestmentView Bahrain delegation to boost China trade ties News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16965/bahrain-delegation-to-boost-china-trade-ties It will build on the successful visit by His Majesty King Hamad to Beijing in September 2013 and the two nations celebrating 25 years of bilateral relations earlier this year. InvestmentView Division over bank as Australia caught between China and US News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16862/division-over-bank-as-australia-caught-between-china-and-us Senior cabinet ministers are believed to be divided over whether Australia should sign up to an internationally funded infrastructure development bank that China is set to launch next month. InvestmentView A new bank for Asia, not China — Simon Tay News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16863/a-new-bank-for-asia-not-china-ampmdash-simon-tay China’s initiative for an Asian Infrastructure Investment Bank (AIIB) has been gaining momentum with more governments indicating interest and in-principle support. InvestmentView Big in Brunei News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16890/big-in-brunei The Senior Portfolio Manager of Nikko Asset Management Asia Ltd, Tan Eng Teck, pointed out that when the Asean Economic community opens up, the best way that Brunei Darussalam can play a big role is by providing the capital that this country needs to grow InvestmentView Yellow Umbrellas by Geoff Cook, Jersey Finance Geoff Cook Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16851/yellow-umbrellas-by-geoff-cook-jersey-finance A Finance Manifesto InvestmentView The Impact Of Citi’s Retreat From Asia News Aggregation Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16857/the-impact-of-citiamprsquos-retreat-from-asia Citi's Consumer banking division recently exited 11 Asian markets, which might have positive and negative consequences for the giant bank InvestmentView Singapore jostles with Hong Kong for financial crown News Aggregation Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16858/singapore-jostles-with-hong-kong-for-financial-crown The choice of the Asian city state was striking. Hong Kong might have been a more obvious location, given its proximity to China, the world’s second-biggest economy and home to a financial centre that is the gateway in and out of the country’s InvestmentView BDO named ‘best domestic bank’ News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16954/bdo-named-amplsquobest-domestic-bankamprsquo The award was given during the Asiamoney Best Bank Awards 2014 Retail Banking Lloyds consolidates Asian businesses in Singapore News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16974/lloyds-consolidates-asian-businesses-in-singapore The group sold its Australian corporate loan book, motor and equipment financing businesses for A$1.45bn (US$1.31bn) to Westpac Banking Corp in December 2013, as reported at the time. Retail Banking SBI to carry on operations in UK despite crackdown on foreign banks News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16907/sbi-to-carry-on-operations-in-uk-despite-crackdown-on-foreign-banks State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country. Retail Banking Sy-led BDO named ‘strongest bank’ in PH News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16808/sy-led-bdo-named-amplsquostrongest-bankamprsquo-in-ph The Sy family-led BDO Unibank is the strongest bank in the Philippines, according to Singapore-based financial publication The Asian Banker. Retail Banking Metrobank eyes raising P5B billion from LTNCD News Aggregation Team Wednesday, October 08, 2014 12:00 am http://www.apbankers.net/article/16647/metrobank-eyes-raising-p5b-billion-from-ltncd The company expects to raise P5 billion from the offer, Metrobank investor relations head Juan Placido Mapa III told GMA News Online. Retail Banking Philippines: Gov’t expects sale of UCPB stake in Q1 News Aggregation Team Sunday, October 05, 2014 12:00 am http://www.apbankers.net/article/16588/philippines-govamprsquot-expects-sale-of-ucpb-stake-in-q1 Foreign banks are now free to fully own a bank in the Philippines following the passage of a bill lifting foreign ownership restrictions. Retail Banking BNZ CEO Anthony Healy unveils executive team restructure News Aggregation Team Wednesday, October 01, 2014 12:00 am http://www.apbankers.net/article/16536/bnz-ceo-anthony-healy-unveils-executive-team-restructure BNZ CEO Anthony Healy has announced a shake-up to his executive team he says will help the company "thrive" against a backdrop of rapid and complex technological, competitive and regulatory change. Retail Banking Seoul Financial District Vacancies Rising With Job Losses News Aggregation Team Tuesday, September 30, 2014 12:00 am http://www.apbankers.net/article/16516/seoul-financial-district-vacancies-rising-with-job-losses Lee Sang Kun doesn’t need to read the real estate section to know South Korea’s financial hub is emptying. Retail Banking Deutsche Bank awarded "Best Bank in Pakistan" by CFA Society News Team Monday, September 29, 2014 12:00 am http://www.apbankers.net/article/16515/deutsche-bank-awarded-ampquotbest-bank-in-pakistanampquot-by-cfa-society Deutsche Bank today announced that it has received the "Best Bank of the Year 2013" accolade by the CFA Society Pakistan in the category "Small Size Banks" with a balance sheet of less than one billion US dollar. Retail Banking Japan Post agrees to take 40 pct stake in Saison Asset Management News Aggregation Team Friday, September 26, 2014 12:00 am http://www.apbankers.net/article/16474/japan-post-agrees-to-take-40-pct-stake-in-saison-asset-management Japan Post Co said on Friday it has agreed to take a 40 percent stake in Saison Asset Management Co, an asset management unit of Credit Saison Co Ltd, Retail Banking Australians confess to stashing $1b in assets offshore News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17007/australians-confess-to-stashing-1b-in-assets-offshore The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals. Tax Swiss process on for amending tax pacts to comply global norms News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16950/swiss-process-on-for-amending-tax-pacts-to-comply-global-norms This step is part of efforts to make Switzerland a "competitive and tax-compliant financial centre in line with the international standard" Tax Hong Kong, South Africa Sign DTA News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16919/hong-kong-south-africa-sign-dta On October 16, Hong Kong and South Africa signed a comprehensive double taxation agreement the 31st such agreement that Hong Kong has concluded. Tax Prada's honeymoon period over in China as CEO, chairperson face tax probe at home News Aggregation Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16854/pradaamp039s-honeymoon-period-over-in-china-as-ceo-chairperson-face-tax-probe-at-home On Sept 30 Prada announced that the company chairperson Miuccia Prada and CEO Patrizio Bertelli are both being probed by Italian authorities over tax irregularities. Tax Top Indian tax team heads to Switzerland News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16783/top-indian-tax-team-heads-to-switzerland India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement Tax Australia: Senate inquiry demands answers from low-tax companies News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16784/australia-senate-inquiry-demands-answers-from-low-tax-companies Companies that will be invited to explain their persistently low tax contributions, according to the report, include shopping centre company Westfield Tax Malaysia Tax Incentives Chase Stringent Funds: News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16789/malaysia-tax-incentives-chase-stringent-funds Malaysia is extending tax breaks on sukuk structures that are acceptable to Middle Eastern investors as it seeks to attract more money from the oil-rich region. Tax INDIA: Swiss banks may delay transfer of tax evasion data News Aggregation Team Monday, October 13, 2014 12:00 am http://www.apbankers.net/article/16716/india-swiss-banks-may-delay-transfer-of-tax-evasion-data The Swiss finance ministry spokesperson recently confirmed that a meeting is expected in the coming weeks Tax India may have to wait for automatic exchange of Swiss information News Aggregation Team Sunday, October 12, 2014 12:00 am http://www.apbankers.net/article/16710/india-may-have-to-wait-for-automatic-exchange-of-swiss-information The response was to a query on whether India would also be among the countries with which Switzerland would start discussions in the initial phase. Tax NZ’s tax system second most competitive in the world News Aggregation Team Thursday, October 09, 2014 12:00 am http://www.apbankers.net/article/16681/nzamprsquos-tax-system-second-most-competitive-in-the-world New Zealand’s tax system second most competitive in the world Tax Myanmar likely to sell bonds News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17006/myanmar-likely-to-sell-bonds The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need that amount of funding to support annual expansion that it sees reaching 9.5% by 2030, said assistant chief economist Cyn-Young Park. Sovereign Wealth Korea Investment Corp. Learns Hard Lesson News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16948/korea-investment-corp-learns-hard-lesson Disappointing Results From Sovereign-Wealth Fund’s ‘Direct Investing’ Sovereign Wealth Qatar Investment Authority Injects $620M In Lifestyle International News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16894/qatar-investment-authority-injects-620m-in-lifestyle-international Qatar Investment Authority will acquire over 324 million shares of the Hong Kong-listed Lifestyle International at HK$14.75 per share. These shares represents 19.9% of the company's total issued share capital. Sovereign Wealth Singapore’s GIC eyes NZ retail assets News Aggregation Team Monday, October 13, 2014 12:00 am http://www.apbankers.net/article/16722/singaporeamprsquos-gic-eyes-nz-retail-assets The Government of Singapore Investment Corporation has reportedly submitted a US$875 million-plus bid to acquire significant retail assets in New Zealand. Sovereign Wealth Sovereign wealth fund option to diversify Macau economy News Aggregation Team Thursday, October 09, 2014 12:00 am http://www.apbankers.net/article/16683/sovereign-wealth-fund-option-to-diversify-macau-economy The Macau financial system was highly commended in the report and the outlook appeared bright. Notwithstanding this, the IMF pointed out some changes that might occur in this framework in future. Sovereign Wealth Singapore’s GIC eyes $1.6 billion deal for UK airports News Aggregation Team Tuesday, October 07, 2014 12:00 am http://www.apbankers.net/article/16616/singaporeamprsquos-gic-eyes-16-billion-deal-for-uk-airports The airports are currently owned by Heathrow Airport Holdings Sovereign Wealth GIC to invest over $321 million in Spanish property firm News Aggregation Team Thursday, October 02, 2014 12:00 am http://www.apbankers.net/article/16567/gic-to-invest-over-321-million-in-spanish-property-firm Francisco Montoro, CEO of Gmp, said the funds "will be used to foster growth through new investments, refurbishment and development projects". Sovereign Wealth Korea’s Wealth Fund Doubling Staff to Pick Buffett-Style Stocks News Aggregation Team Friday, September 26, 2014 12:00 am http://www.apbankers.net/article/16459/koreaamprsquos-wealth-fund-doubling-staff-to-pick-buffett-style-stocks The sovereign fund’s hiring plans follow a February announcement by Korea’s $418 billion state pension that it will double investment Sovereign Wealth Singapore wealth fund nears deal to buy 50% of RAC from Carlyle News Aggregation Team Thursday, September 25, 2014 12:00 am http://www.apbankers.net/article/16444/singapore-wealth-fund-nears-deal-to-buy-50-of-rac-from-carlyle The transaction would value RAC at more than £2bn including its debt. Sovereign Wealth 1MDB planning ‘biggest bond sale’ News Aggregation Team Friday, September 19, 2014 12:00 am http://www.apbankers.net/article/16344/1mdb-planning-amplsquobiggest-bond-saleamprsquo The company, which is also building a new financial district in Kuala Lumpur, has outstanding debt of RM30.6 billion, according to data compiled by Bloomberg. Sovereign Wealth Asian family offices lag on returns: report News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16980/asian-family-offices-lag-on-returns-report Global Family Office Report 2014: Largest Family Office Research Study ever offers insight into Family Office Performance and Structures Research Only 11% of Singapore family businesses have adequate succession plans: Survey News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16985/only-11-of-singapore-family-businesses-have-adequate-succession-plans-survey The lack of succession planning could explain why almost a third of Singapore family businesses plan to sell or float their companies Research Wealthy Japanese quickest to get richer in Asia News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16977/wealthy-japanese-quickest-to-get-richer-in-asia The nation’s high net worth individuals, defined as those with investable assets of at least $1 million, increased their wealth 24 percent from a year earlier to $5.5 trillion, according to a report released Tuesday by Royal Bank of Canada and Cap G Research Van Eyk goes into liquidation News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16911/van-eyk-goes-into-liquidation Van Eyk creditors have voted to put the business into liquidation following a recommendation from administrator Moore Stephens, which has just signed term sheets for the sale of the van Eyk Australia and New Zealand businesses. Research Asia-Pacific Leads World in Wealth Growth News Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16916/asia-pacific-leads-world-in-wealth-growth High confidence and focus on wealth growth drove greater risk-taking by the region's wealthy says Asia-Pacific Wealth Report 2014 Research Demand for Digital Interaction in Wealth Management Highest in Asia-Pacific News Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16917/demand-for-digital-interaction-in-wealth-management-highest-in-asia-pacific Eighty-two percent of High Net Worth Individuals1 in Asia-Pacific (excl. Japan) expect most or all of their wealth management relationship to be conducted through digital channels in five years, in contrast to 61 percent of HNWIs in the rest of the world, Research UBS remains largest private bank in Asia in 2013 with US$245b in AUM News Aggregation Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16842/ubs-remains-largest-private-bank-in-asia-in-2013-with-us245b-in-aum UBS has been ranked the largest private bank in Asia in 2013 with assets under management of US$245 billion, up from 14 per cent a year ago Research Malaysia's finance and banking industry records highest wage rise News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16833/malaysiaamp039s-finance-and-banking-industry-records-highest-wage-rise The hot jobs include Shariah head for Islamic finance, risk management manager, head of credit risk, business intelligence manager and management trainee. Research Think Singapore parents are very demanding? Here's what a Julius Baer survey shows News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16782/think-singapore-parents-are-very-demanding-hereamp039s-what-a-julius-baer-survey-shows A survey by Swiss private bank Julius Baer of high net worth parents in Asia found that 59 per cent of rich families here expect their children to get as high as a bachelor's degree, close to those in Hong Kong (67 per cent). Research World Wealth Rises at Fastest Rate Ever Recorded - Credit Suisse News Team Tuesday, October 14, 2014 12:00 am http://www.apbankers.net/article/16751/world-wealth-rises-at-fastest-rate-ever-recorded-credit-suisse The Number of Ultra High Net Worth Individuals Has Grown Research Bank Rakyat Q2 pre-tax profit at RM1.109b News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16981/bank-rakyat-q2-pre-tax-profit-at-rm1109b Retail banking contributed about 90% to the bank’s financial performance Company Results Maybank BII operating profit jumps 6.7pc News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16953/maybank-bii-operating-profit-jumps-67pc The global banking client re-segmentation shows encouraging result Company Results Kotak Mahindra Bank Q2 net profit up 26% at Rs 718 crore on higher other income News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16960/kotak-mahindra-bank-q2-net-profit-up-26-at-rs-718-crore-on-higher-other-income Net interest income, the difference between interest earned on loans and interest paid to depositors, rose 12.4 per cent Company Results India's HDFC Bank Q2 profit up 20 pct News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16922/indiaamp039s-hdfc-bank-q2-profit-up-20-pct HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses. Company Results Axis Bank Q2 Net Profit Jumps 18% News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16861/axis-bank-q2-net-profit-jumps-18 Axis Bank, the third largest private sector bank after HDFC Bank and ICICI Bank, posted 18 per cent rise in net profit in the quarter ended September 30 helped by demand from retail borrowers. Company Results Bank Rakyat expects to achieve 7% loan growth in 2015 News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16834/bank-rakyat-expects-to-achieve-7-loan-growth-in-2015 The demand for retail banking sector is there, it is a stable segment Company Results NAB takes a $1bn hit News Aggregation Team Thursday, October 09, 2014 12:00 am http://www.apbankers.net/article/16679/nab-takes-a-1bn-hit NAB expects its cash earnings for the year to September 30 to be between $5.1 and $5.2 billion, down from $5.94 billion a year ago. Company Results Maybank's Muzaffar expecting another 'record year' News Aggregation Team Tuesday, October 07, 2014 12:00 am http://www.apbankers.net/article/16626/maybankamp039s-muzaffar-expecting-another-amp039record-yearamp039 The projection is in view of the positive numbers recorded so far this year, which are poised to continue into the fourth quarter, should there be no “major surprises”. Company Results Europe makes more for Hutchinson Whampoa than China, Hong Kong News Aggregation Team Wednesday, October 01, 2014 12:00 am http://www.apbankers.net/article/16540/europe-makes-more-for-hutchinson-whampoa-than-china-hong-kong Europe has generated more profit for Hong Kong-based Hutchison Whampoa, a subsidiary of Cheung Kong Holdings, during the first half of this year than the profit earned by both China and Hong Kong Company Results ASX celebrates record revenues News Aggregation Team Tuesday, September 23, 2014 12:00 am http://www.apbankers.net/article/16389/asx-celebrates-record-revenues ASX chairman Rick Holliday-Smith has used his annual general meeting to celebrate what he called the company's "record revenues and earnings", and to urge shareholders to vote in favour of chief executive Elmer Funke Kupper's remunerat Company Results