The Asia Pacific Banking News Network http://www.apbankers.net/ Thu, 27 Nov 2014 13:59:30 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP New multi-family office opens new branch News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17777/new-multi-family-office-opens-new-branch The Mumbai-based multi-family office is eyeing a branch in Bangalore to add to its existing three and plans to build a platform linking European and Indian FOs. Wealth and Asset Management Wealth-X Raises Growth Capital From Insight Venture Partners To Accelerate Expansion News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17726/wealth-x-raises-growth-capital-from-insight-venture-partners-to-accelerate-expansion Investment Highlights Opportunity to Market Products and Services to Ultra Affluent Consumers Wealth and Asset Management BNY Mellon is looking to attract foreign money through a two-fold approach News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17729/bny-mellon-is-looking-to-attract-foreign-money-through-a-two-fold-approach The strategy is being incorporated at a time when competition is intensifying among major global banks in Asia Pacific’s wealth management sector Wealth and Asset Management Barclays Wealth aims to double revenue in Asia by 2019 - Business Times News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17740/barclays-wealth-aims-to-double-revenue-in-asia-by-2019-business-times Barclays' wealth management business in Asia is expected to double its revenue by 2019 on the back of markets with burgeoning wealth that include Japan, China, and Indonesia, the Business Times reported, citing a top executive. Wealth and Asset Management Medibank float spurs rich back into stockmarket News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17703/medibank-float-spurs-rich-back-into-stockmarket BEFORE we start thinking about how Australia’s rich invest, it’s important to divide them into the working rich and the rich in retirement — and it’s important to understand what the term rich means for investment purposes. Wealth and Asset Management Swiss private bank switches head gatekeepers News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17712/swiss-private-bank-switches-head-gatekeepers Swiss private bank has appointed a new head product selector for Asia Wealth and Asset Management Jersey eyes liquidity in Asian, Middle Eastern banks News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17667/jersey-eyes-liquidity-in-asian-middle-eastern-banks Switzerland and Singapore, another growing offshore market, were among 47 countries that in May agreed to share tax information Wealth and Asset Management Largest Korean-American bank to come to S. Korea News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17675/largest-korean-american-bank-to-come-to-s-korea BBCN Bank, the largest Korean-American bank that has mostly focused on ethnic Korean customers in the United States Wealth and Asset Management Wealthy Chinese Look Beyond The American Dream News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17683/wealthy-chinese-look-beyond-the-american-dream China's rich visa-seekers are discovering alternatives to foreign investment visa schemes in the US, Canada and Australia, and are increasingly applying to Europe and the Commonwealth Caribbean. Wealth and Asset Management 80% of China’s Rich Send Their Kids for Studies Abroad – Hurun Report News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17690/80-of-chinaamprsquos-rich-send-their-kids-for-studies-abroad-ampndash-hurun-report In the latest World Ultra Wealth Report released last week, China was ranked third in the total number of Ultra-High Net Worth individuals in 2013. Wealth and Asset Management LGM poaches Fidelity’s Ma to run Greater China News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17764/lgm-poaches-fidelityamprsquos-ma-to-run-greater-china He replaces Pamela Chan, who retired in October Executive Moves Coutts loses senior duo as it seeks buyer News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17767/coutts-loses-senior-duo-as-it-seeks-buyer Kin Cheung and Kenny Wan are the latest in what is said to be a stream of departures from the Asia business in recent months, with the former having joined DBS Private Bank. Executive Moves Coutts loses senior duo as it seeks buyer News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17771/coutts-loses-senior-duo-as-it-seeks-buyer They are the latest in what is said to be a stream of departures from the Asia business in recent months, with the former having joined DBS Private Bank. Executive Moves Australia role made redundant in AMP leadership reshuffle News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17782/australia-role-made-redundant-in-amp-leadership-reshuffle AMP Capital's Australia-based global head of infrastructure, Scott Davies, will be made redundant when a raft of leadership changes come into effect at the end of the year. Executive Moves SQM appoints former van Eyk research head News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17737/sqm-appoints-former-van-eyk-research-head SQM has moved further to fill the void left by van Eyk, picking up the former research house's deputy chief investment officer and head of research. Executive Moves Lazard hires Hope for emerging markets News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17745/lazard-hires-hope-for-emerging-markets Lazard Asset Management is aiming to grow its Emerging Market and Global Multi Asset solution platform with appointment of Rupert Hope as a director and portfolio manager. Executive Moves Barclays Hires for Japan Equities Amid Stock Resurgence News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17751/barclays-hires-for-japan-equities-amid-stock-resurgence He took the post in July, replacing Kazutoshi Ohkubo, who left the firm earlier this year. Executive Moves Old Mutual GI hires ex-Ignis star for Asian equity team News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17758/old-mutual-gi-hires-ex-ignis-star-for-asian-equity-team The appointment of the former Citywire AA-rated manager makes him the eighth ex-Ignis fund manager to join OMGI over the past few months. Executive Moves DeAWM to relocate EM CIO in North Asia push News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17704/deawm-to-relocate-em-cio-in-north-asia-push Deutsche Asset & Wealth Management will move an emerging-market investment team to Hong Kong from Europe, as it increases its focus on North Asian institutions. Executive Moves Standard Chartered Makes Senior Hire in Retail Banking News Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17709/standard-chartered-makes-senior-hire-in-retail-banking He joins from Santander Group where he was Executive Vice President responsible for the strategic direction of their United States cards business. Executive Moves Financial planning industry welcomes FoFA compromise deal News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17779/financial-planning-industry-welcomes-fofa-compromise-deal The financial advice industry has breathed a collective sigh of relief at the Coalition's deal with Labor to permit the grandfathering of adviser commissions. Legal, Regulation & Compliance New Securities Law Exemptions and Guidance for Employee Incentive Plans in Australia News Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17787/new-securities-law-exemptions-and-guidance-for-employee-incentive-plans-in-australia On 31 October 2014, the Australian Securities and Investment Commission issued two new Class Order exemptions as well as an updated regulatory guide on employee incentive plans. Legal, Regulation & Compliance Was China ready to bail out AIG? News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17788/was-china-ready-to-bail-out-aig Was China’s sovereign wealth fund poised to save U.S. taxpayers from the risk they took in bailing out American International Group Inc but then-Treasury Secretary Henry Paulson rebuffed the Chinese help? Legal, Regulation & Compliance Income-tax department raids Sahara offices News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17720/income-tax-department-raids-sahara-offices The Income Tax department has claimed to have seized Rs 135 crore in cash from the premises of Sahara group during its raids in Delhi and Noida in connection with alleged tax evasion charges. Legal, Regulation & Compliance BOJ Governor Defends Easing Measures News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17724/boj-governor-defends-easing-measures Even adding the bank was ready to take further action if needed to achieve 2% inflation by around next year. Legal, Regulation & Compliance Stricter capital rules may hamper Asian firms’ fund-raising News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17732/stricter-capital-rules-may-hamper-asian-firmsamprsquo-fund-raising The capital that banks are required to hold against risky asset Legal, Regulation & Compliance Taiwan’s FSC could relax QDII constraints News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17735/taiwanamprsquos-fsc-could-relax-qdii-constraints An FSC official explained that the directive would help domestic managers to promote Taiwanese fund product Legal, Regulation & Compliance Appleby Advises ORIX Corporation on Japanese Acquisition News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17736/appleby-advises-orix-corporation-on-japanese-acquisition The Appleby team was led by Cayman’s Head of Insurance, Simon Raftopoulos Legal, Regulation & Compliance Shenzhen bourse tightens up asset securitisation rules News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17763/shenzhen-bourse-tightens-up-asset-securitisation-rules The directive is mainly targeted at subsidiaries of securities brokerages and fund houses Legal, Regulation & Compliance China's Han Kun enters Hong Kong market with local alliance News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17714/chinaamp039s-han-kun-enters-hong-kong-market-with-local-alliance Beijing firm Han Kun Law Offices has launched a base in Hong Kong via an association with local firm Choy Cheung & Co. Legal, Regulation & Compliance Danske Bank to set up own captive technology centre in India News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17785/danske-bank-to-set-up-own-captive-technology-centre-in-india Denmark's largest lender works now with ITC Infotech BankTech Infosys veteran & Finacle creator Mangipudi Haragopal launches financial services startup FinUNO News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17786/infosys-veteran-ampamp-finacle-creator-mangipudi-haragopal-launches-financial-services-startup-finuno Mangipudi Haragopal, the man credited with making Infosys' core banking solution Finacle a globally recognised product, has founded a startup that promises "next generation" banking solutions. BankTech Latest Enhancements To DST's Anova Helps Solve APRA Regulatory Reporting Challenges For Superannuation Funds News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17760/latest-enhancements-to-dstamp039s-anova-helps-solve-apra-regulatory-reporting-challenges-for-superannuation-funds Comprehensive End-To-End Data Sourcing, Validation, and Form Creation Capabilities Added to Leading Data Management Suite BankTech Westpac boosts IT ranks with key hires News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17706/westpac-boosts-it-ranks-with-key-hires WESTPAC Group has made two senior appointments to its IT leadership ranks, with an outsider set to be its chief technology officer. BankTech These Cities Have The Ingredients To Become The Next Silicon Valley News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17647/these-cities-have-the-ingredients-to-become-the-next-silicon-valley When asked to name the world’s startup capitals, people normally think of Silicon Valley, London or New York. But with innovation on the march globally, the emerging markets have strong potential to become the next hotspots for entrepreneurs. BankTech Australians targeted by Chinese ATM gang News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17615/australians-targeted-by-chinese-atm-gang Thai banks were still 'at least three years away' from applying the necessary technology, leaving them vulnerable to theft by ATM skimmer BankTech UOBBF deploys SunGard trading and clearing tech News Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17636/uobbf-deploys-sungard-trading-and-clearing-tech UOB Bullion and Futures (UOBBF), the brokerage arm of United Overseas Bank (UOB), has deployed SunGard's post-trade cross-asset processing solution and managed services to support its trading and clearing services on major global exchanges. BankTech ‘Maybank eyes Hitachi tech’ News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17588/amplsquomaybank-eyes-hitachi-techamprsquo This was revealed at the Hitachi Innovation Forum 2014, here, during a media briefing by the Japanese company on its financial solutions for banking institutions in the Asean region. BankTech UOBBF deploys SunGard trading and clearing tech News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17612/uobbf-deploys-sungard-trading-and-clearing-tech SunGard’s managed services solution can help financial institutions experience a lower total cost of ownership BankTech Banks boost for Capgemini News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17553/banks-boost-for-capgemini CAPGEMINI Australia’s financial services arm has experienced steady growth over the past 12 months with the unit now contributing almost 40 per cent to its overall business. BankTech Pakistan raises $1b through Sukuk bonds News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17769/pakistan-raises-1b-through-sukuk-bonds The transaction is expected to restore international investors’ confidence Alternative Investments India-focused hedge funds up over 40 pct YTD - HFR News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17773/india-focused-hedge-funds-up-over-40-pct-ytd-hfr Hedge funds invested in emerging markets have seen sharp declines this year, led by Russia and Latin America, but India stands out as a bright spot. Alternative Investments AMP Capital builds on property funds for busy investment year News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17723/amp-capital-builds-on-property-funds-for-busy-investment-year AMP Capital has raised close to $2 billion across Australia and New Zealand through its unlisted property funds, and will use the money to expand the portfolios in the coming year through investments across all commercial sectors. Alternative Investments Stock Connect does not prove China investment theme News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17734/stock-connect-does-not-prove-china-investment-theme If it improves efficiency and market access, that’s equally good Alternative Investments Korea Exchange, Dubai Mercantile Exchange (DME) announce cooperation News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17741/korea-exchange-dubai-mercantile-exchange-dme-announce-cooperation KRX and DME will work together to develop crude oil futures trading in the Republic of Korea, with a particular focus on developing an energy trading ecosystem around the National Oil Hub Project in Ulsan, Korea. Alternative Investments Former Permal Managing Director Plans Asia Fund of Hedge Funds News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17742/former-permal-managing-director-plans-asia-fund-of-hedge-funds Zhang’s Pacrise Investment Management is awaiting approval from the Monetary Authority of Singapore to start the fund, he said in a telephone interview from the city-state yesterday. It will invest in five to 10 hedge funds initially. Alternative Investments SGX to launch bond trading platform News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17752/sgx-to-launch-bond-trading-platform Singapore Exchange has announced its intention to launch a bond trading platform by mid-2015. Alternative Investments Nest And Asian Insurance Giant AIA Launch Startup Accelerator In Hong Kong News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17755/nest-and-asian-insurance-giant-aia-launch-startup-accelerator-in-hong-kong Hong Kong’s close proximity to manufacturing hubs like Shenzhen, China, and its small but growing startup ecosystem will make it a fertile growing ground for wearable tech startups. Alternative Investments SummitView Capital raises $1.7B private equity fund with Shanghai government for chip investments News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17756/summitview-capital-raises-17b-private-equity-fund-with-shanghai-government-for-chip-investments The signing ceremony took place on Monday and was chaired by Shanghai’s vice mayor, Ai Baojun, and the vice secretary of the Shanghai government, Dai Haibo. Alternative Investments Lower profits deterring M&As in insurance business News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17757/lower-profits-deterring-mampampas-in-insurance-business While there is no regulatory bar on mergers and acquisitions in the insurance industry, lower profitability, delay in achieving breakeven point and divergent valuation expectations are some of the issues that are coming in the way of M&As in the insur Alternative Investments Turning Brussels into a shariah-compliant investment city News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17721/turning-brussels-into-a-shariah-compliant-investment-city Belgium aims to explore more potential opportunities with Malaysia to help make its capital, Brussels, become one of the shariah-compliant investment cities in Europe. Islamic Finance India's State-Owned Bank to Launch Islamic Fund News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17746/indiaamp039s-state-owned-bank-to-launch-islamic-fund India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims. Islamic Finance SBI set to launch Shariah-compliant mutual fund News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17700/sbi-set-to-launch-shariah-compliant-mutual-fund An SBI official said the country’s biggest lender had received all clearances to launch its Shariah Equity Fund, including from the Reserve Bank of India and the government. Islamic Finance Pakistan's Asia Insurance to enter takaful market News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17708/pakistanamp039s-asia-insurance-to-enter-takaful-market Asia Insurance joins a growing list of firms in offering sharia-compliant products including United Insurance Company and EFU insurance group , the largest private insurance group in the country. Islamic Finance New regulations for Islamic banks in Indonesia News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17676/new-regulations-for-islamic-banks-in-indonesia The OJK has revised Islamic banking rules involving asset quality and capital adequacy in an effort to increase the role of Islamic banking in Indonesia’s financial system. Islamic Finance Indonesia revises Islamic banking rules News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17617/indonesia-revises-islamic-banking-rules Indonesia has the world's biggest Muslim population but its Islamic finance market only holds a 4.5% of total banking assets in the country as of September, the latest central bank data showed. Islamic Finance CIMB Islamic, IDB Develop Reports To Promote Islamic Finance Industry Growth News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17633/cimb-islamic-idb-develop-reports-to-promote-islamic-finance-industry-growth IDB, via Islamic Research & Training Institute (IRTI), has signed a memorandum of understanding with CIMB Islamic to provide in-depth information on Islamic finance. Islamic Finance Regulators merging three Islamic investment firms News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17554/regulators-merging-three-islamic-investment-firms The equity-like nature of modarabas has left them vulnerable to market price swings, so the SECP issued rules in 2012 to allow smoothing of profits using a profit-equalisation reserve. Islamic Finance Malaysia's CIMB says merger deal structure to be set by early 2015 News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17559/malaysiaamp039s-cimb-says-merger-deal-structure-to-be-set-by-early-2015 CIMB says banks in merger proposal doing due diligence now Islamic Finance Pakistan regulators merging three Islamic investment firms News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17540/pakistan-regulators-merging-three-islamic-investment-firms Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strengthen financing by investment partnerships. Islamic Finance Westpac looks at centralising investment functions News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17783/westpac-looks-at-centralising-investment-functions Westpac is currently reviewing its investment functions and is expected to announce the changes before Christmas. Investment Banking Indonesia Formally Pledges to Join China-Sponsored Regional Bank News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17784/indonesia-formally-pledges-to-join-china-sponsored-regional-bank Indonesia has signed an official memorandum of understanding to join a China-backed regional development bank intended to rival organizations like the World Bank and to further Beijing’s aspirations for a leadership role in Asia. Investment Banking Business backs Andrew Robb on bank proposal News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17705/business-backs-andrew-robb-on-bank-proposal BUSINESS has been encouraged by Trade Minister Andrew Robb’s determination to keep pressure on his cabinet colleagues in favour of backing the $50 billion China-sponsored regional infrastructure bank proposal. Investment Banking NBAD to hire 400 employees worldwide News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17710/nbad-to-hire-400-employees-worldwide NBAD CEO assures banks close to resolving liability issues regarding credit bureau Investment Banking Yorkshire Bank set for £2 billion flotation as NAB looks for the exit News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17677/yorkshire-bank-set-for-amppound2-billion-flotation-as-nab-looks-for-the-exit Yorkshire and Clydesdale banks are set for a £2 billion flotation, as their owner the National Australia Bank prepares to exit the UK. Investment Banking The Philippines joins China-backed bank News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17649/the-philippines-joins-china-backed-bank The Philippines has signed a memorandum of understanding (MOU) joining the establishment of the China-backed Asian Infrastructure Investment Bank (AIIB). Investment Banking BMO Capital Markets Adds Trade Finance Capability in Hong Kong News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17536/bmo-capital-markets-adds-trade-finance-capability-in-hong-kong BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group is adding trade finance booking capabilities in Hong Kong as it moves to serve more trade in Asia. Investment Banking China clears a $A9b way for Aust investors News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17516/china-clears-a-a9b-way-for-aust-investors China has cleared the way for Australian institutional investors to invest up to $A9.2 billion in China's capital markets under a quota program to foreign investors. Investment Banking China calls for swift movement on BRICS development bank News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17477/china-calls-for-swift-movement-on-brics-development-bank China on Saturday urged BRICS nations to speed up the creation of a development bank as an alternative to the Western-dominated global financial system. Investment Banking Sri Lanka to support bank for South Asian region News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17459/sri-lanka-to-support-bank-for-south-asian-region The SAARC Bank will be formed on the lines of the New Development Bank (NDB) announced in July by the BRICS grouping Investment Banking Banking tricks blunt China's drive to increase lending News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17789/banking-tricks-blunt-chinaamp039s-drive-to-increase-lending China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures. InvestmentView Dubai’s economic success model for China, Arab world News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17716/dubaiamprsquos-economic-success-model-for-china-arab-world Dubai’s economic success is a model for China and the wider Arab world, said top industry experts at the Boao Forum for Asia Financial Cooperation Conference on Monday in Dubai. InvestmentView Asia needs to deepen financial markets: experts News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17730/asia-needs-to-deepen-financial-markets-experts Certainly, investment banking must be increased InvestmentView Banks gear up for online assault News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17671/banks-gear-up-for-online-assault Market trends, hot investment funds and new sophisticated financial tools are being made available at the touch of a few buttons as banks add bells and whistles to attract investors and advisers. InvestmentView India needs more banks, but bigger banks too: Citi India CEO News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17673/india-needs-more-banks-but-bigger-banks-too-citi-india-ceo As RBI readies for licensing of some niche-segment banks, global banking giant Citibank's India chief Pramit Jhaveri said there is a room for larger number of banks in the country InvestmentView Aust to join China bank if terms are met News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17655/aust-to-join-china-bank-if-terms-are-met The federal government has put a set of governance provisions to China and Trade Minister Andrew Robb is confident Australia will join the bank if they comply. InvestmentView New China ETFs Present New Challenges News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17638/new-china-etfs-present-new-challenges China is relaxing it’s limits on foreign investment, and several new ETFs are prepared to take advantage of these new investing opportunities. But investors in these ETFs are likely to pay more for the ETF than the underlying securities are worth. InvestmentView Asian bankers call for focus on complementary role News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17644/asian-bankers-call-for-focus-on-complementary-role The thirty-first Asian Bankers Association (ABA) general meeting and conference hosted by Bank Muscat, the leading financial services provider in the Sultanate, on Thursday called for an increased complementary role among banking institutions to gain from InvestmentView Dodgy dashboards Justin Urquhart Stewart Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17650/dodgy-dashboards Given the fact that I drive a 1964 Morris Traveller, I think she is entitled to have the occasional flashing light on her vintage dashboard. InvestmentView Life Agent’s Career Highlights Changes in Industry News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17583/life-agentamprsquos-career-highlights-changes-in-industry Joe Sun, 88, Joined Manulife in 1954; Backwater to Battleground InvestmentView Public Bank, Bank Central Asia To Collaborate News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17731/public-bank-bank-central-asia-to-collaborate The primary objective of the collaboration is to leverage upon the respective strengths expertise Retail Banking Medibank Private sale to reap $5.7bn News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17674/medibank-private-sale-to-reap-57bn The Federal Government will reap $5.7 billion from the sale of Medibank Private, making it the biggest privatisation of a public asset since Telstra. Retail Banking Deposits war among China's banks to yield no big winners News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17696/deposits-war-among-chinaamp039s-banks-to-yield-no-big-winners Mid-sized banks are suffering more than big lenders from soured loans and a profit slowdown, and are keen to maintain their deposits. Retail Banking Yes Bank begins international expansion through UAE News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17646/yes-bank-begins-international-expansion-through-uae Bank to open DIFC branch next year and go for an AD Retail Banking SCB to broaden overseas footprint through Mizuho partnership News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17589/scb-to-broaden-overseas-footprint-through-mizuho-partnership Thailand's third-largest bank by assets, Siam Commercial Bank, has formed a strategic partnership with Mizuho Bank, one of Japan's mega-banks, to strengthen SCB's overseas business. Retail Banking Bank of China unit becomes 25th lender registered in NZ News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17531/bank-of-china-unit-becomes-25th-lender-registered-in-nz BOC, a unit of state-owned Bank of China, has become the 25th lender to be granted a licence by the Reserve Bank of New Zealand. Retail Banking ANZ’s Customer Experience Strategy Reaps Lasting Rewards News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17542/anzamprsquos-customer-experience-strategy-reaps-lasting-rewards ANZ noticed a downturn in sales in the first quarter Retail Banking Citigroup reportedly favors Sumitomo Mitsui to buy Japan retail bank News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17510/citigroup-reportedly-favors-sumitomo-mitsui-to-buy-japan-retail-bank Citigroup Inc. plans to give Sumitomo Mitsui Financial Group Inc. the right of first refusal this month to buy its Japanese consumer-banking business Retail Banking HDFC Bank gets nod to increase foreign holding News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17483/hdfc-bank-gets-nod-to-increase-foreign-holding The decision to classify HDFC’s stake in HDFC Bank as FDI may have a bearing on the bank’s capital raising plans Retail Banking KBank opens in Vientiane News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17462/kbank-opens-in-vientiane Kasikornbank has spent 1.2 billion baht to open a full-service branch in Vientiane, its first in another Asean member, after receiving a licence from the Laotian central bank. Retail Banking Foreign trusts in IRD sights News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17765/foreign-trusts-in-ird-sights Department aims to report to Revenue Minister Todd MClay before the end of the year. Tax When is a Chinese company not Chinese? News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17728/when-is-a-chinese-company-not-chinese When it’s a complex web of offshore vehicles rooted in anonymous tax havens. Tax Microsoft to pay $140 million in ‘tax evasion’ settlement with Chinese authorities News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17744/microsoft-to-pay-140-million-in-amplsquotax-evasionamprsquo-settlement-with-chinese-authorities Microsoft is slated to pay Chinese authorities 840 million yuan (roughly $137 million) in back taxes and interest, according to a report by state-sponsored news agency Xinhua. Tax ATO letting big multinationals get away with it News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17672/ato-letting-big-multinationals-get-away-with-it He is one of many former officers who have voiced their concerns to Fairfax Media about the challenge of arresting the slide in tax receipts from multinational companies operating in Australia. Tax Shocking tax evasion in the name of a trust! News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17685/shocking-tax-evasion-in-the-name-of-a-trust The trust was found to have US $ 24,06,604 (Rs11,73,31,988) worth unaccounted money in the LGT bank account. Tax Korean rich should pay more tax: ADB News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17658/korean-rich-should-pay-more-tax-adb Korea’s redistribution of wealth through taxation is unbalanced Tax Paying Taxes 2015: The global picture News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17645/paying-taxes-2015-the-global-picture he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes. Tax ‘M’sian firms can invest in offshore accounts’ News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17557/amplsquomamprsquosian-firms-can-invest-in-offshore-accountsamprsquo IT is not against Malaysian law for companies to keep funds in offshore accounts. Tax Macquarie Group hit by Tax Office 'U-turn' News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17524/macquarie-group-hit-by-tax-office-amp039u-turnamp039 It is unclear whether the amount the ATO tried to recoup from ­Macquarie was paid Tax Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17528/beijingamprsquos-interest-in-offshore-tax-evasion-limited-to-corrupt-officials The United States has good reasons to stay out. With the enactment of its 2010 Foreign Account Tax Compliance Act or FATCA, the United States has been pioneering the fight against tax evasion. Tax Defusing the Fiscal Timebomb - Standard Life Investments News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17718/defusing-the-fiscal-timebomb-standard-life-investments More generally, countries should look to boost long-term growth rates by accelerating structural reforms aimed at boosting productivity. Sovereign Wealth Singapore GIC to invest in Indonesia News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17713/singapore-gic-to-invest-in-indonesia The country's new president Joko Widodo has pledged to cut red tape to attract more foreign investors and strengthen the economy. Sovereign Wealth KIC to retain BOA stake for time being: chief News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17689/kic-to-retain-boa-stake-for-time-being-chief KIC has been facing strong backlash from opposition party lawmakers for its US$2 billion investment in Merrill Lynch in 2008 before the financial firm was merged with BoA. Sovereign Wealth 1MDB Criticized by Lawmakers Before Sukuk Sale: Islamic Finance News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17556/1mdb-criticized-by-lawmakers-before-sukuk-sale-islamic-finance The fund, which counts Prime Minister Najib Razak as chairman of its advisory board, attracted criticism last year over fees and profits made by Goldman Sachs Group Inc. for arranging a $3 billion bond. Sovereign Wealth Frontier sovereigns eye Thai bonds News Aggregation Team Saturday, November 08, 2014 12:00 am http://www.apbankers.net/article/17332/frontier-sovereigns-eye-thai-bonds This will appeal mainly to high-net worth investors and a small group of funds able to book unrated assets. Sovereign Wealth GIC closes in on $8 billion IndCor deal News Aggregation Team Thursday, November 06, 2014 12:00 am http://www.apbankers.net/article/17276/gic-closes-in-on-8-billion-indcor-deal GIC is pressing ahead to raise its exposure to global property investments Sovereign Wealth Qatar and Citic agree $10bn investment deal News Aggregation Team Wednesday, November 05, 2014 12:00 am http://www.apbankers.net/article/17261/qatar-and-citic-agree-10bn-investment-deal Qatar's sovereign wealth fund and Chinese conglomerate CITIC Group have agreed to invest $5bn each in projects in China and elsewhere in Asia as the fund seeks to diversify into Asia. Sovereign Wealth World’s top SWFs failing on transparency News Aggregation Team Tuesday, November 04, 2014 12:00 am http://www.apbankers.net/article/17236/worldamprsquos-top-swfs-failing-on-transparency The GeoEconomica report found eight SWFs to be fully-compliant with the Santiago guidelines. Sovereign Wealth Man Running World’s Biggest Wealth Fund Takes On Riddle of China News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17186/man-running-worldamprsquos-biggest-wealth-fund-takes-on-riddle-of-china Once a year, the man running the world’s biggest sovereign wealth fund travels around China for a week. Sovereign Wealth Sovereign wealth fund makes first foray into NZ with S$313m deal News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17215/sovereign-wealth-fund-makes-first-foray-into-nz-with-s313m-deal Among the key assets in the Viaduct Quarter are the Air New Zealand Building, the Viaduct Corporate Centre and the Fonterra Headquarters, the last of which is still under development. Sovereign Wealth Tightening by superpower Fed trumps mini-stimulus in Europe and Asia News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17768/tightening-by-superpower-fed-trumps-mini-stimulus-in-europe-and-asia The world is already turning on its axis even before the Fed pulls the trigger, as if the QE era were a memory Research How new property fund managers are changing the industry News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17772/how-new-property-fund-managers-are-changing-the-industry The property funds management industry for individual investors has undergone significant change over the past six years as a result of corporate activity and restructuring. Research Mercedes owners in China wealthier than Cadillac owners News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17775/mercedes-owners-in-china-wealthier-than-cadillac-owners The average luxury-car owner in China is 33.5 years of age, with an annual household income of 984,000 yuan Research Why are there more UHNWIs in Hong Kong? News Aggregation Team Thursday, November 27, 2014 12:00 am http://www.apbankers.net/article/17781/why-are-there-more-uhnwis-in-hong-kong The increasing scale of investment, and emerging investment opportunities, are leading to more so-called ultra high-net-worth individuals(UHNWIs) in Hong Kong, said a senior official of Hong Kong UBS. Research HNWIs and Wealth Management 2018 Forecasts for China News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17743/hnwis-and-wealth-management-2018-forecasts-for-china This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in China. Research Asia-Pac family offices underperform European, American peers News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17747/asia-pac-family-offices-underperform-european-american-peers Family offices in Asia-Pacific did poorer than their European and North American counterparts over the last 12 months Research Asian Real SnapShot! Autumn 2014 News Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17711/asian-real-snapshot-autumn-2014 For each market, there is a macroeconomic perspective and an overview of the office market, the retail market and residential market. Research The Dangers of Euphoria in Real Estate Investments News Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17715/the-dangers-of-euphoria-in-real-estate-investments The possibility of a repeat of the collapse of 2008-2009 is inconceivable to investment advisors and their wealthy clients. Research Strong growth moves Asia’s billionaires to top of the tree News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17668/strong-growth-moves-asiaamprsquos-billionaires-to-top-of-the-tree As the world’s wealthy continues to grow richer at double-digit rates – and nowhere faster than in StanChart’s Asian heartland – it would seem there should be more than enough business for all those wishing to serve that growing ma Research Nation urgently needs fiscal policies to fight against wealth inequality News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17686/nation-urgently-needs-fiscal-policies-to-fight-against-wealth-inequality Right now the level of wealth inequality in the US, Europe, China and the world as a whole is frightening. Research Maybank posts earnings of RM1.61b in Q3 (Update) News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17759/maybank-posts-earnings-of-rm161b-in-q3-update Maybank said its revenue was RM8.934bil compared with RM8.276bil a year ago. Earnings per share were 17.62 sen versus 20.05 sen. Company Results Affin Holdings Q3 earnings at nearly RM142m News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17701/affin-holdings-q3-earnings-at-nearly-rm142m The banking group announced on Monday its revenue increased by 22.6% to RM937.17mil from RM764.09mil. Earnings per share were 7.36 sen compared with 11.57 sen. It declared an interim dividend of 15 sen. Company Results NAB's US business lifts profit News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17624/nabamp039s-us-business-lifts-profit NATIONAL Australia Bank's US subsidiary Great Western Bancorp lifted its full year net profit nine per cent due to cost cutting and fewer bad debts. Company Results Natixis to Exceed Asia Growth Target in 2014, Mignon Says News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17637/natixis-to-exceed-asia-growth-target-in-2014-mignon-says Natixis, controlled by Groupe BPCE, France’s second-biggest lender by branches, expects revenue in the region to rise more than 20 percent this year, Company Results NAB profits dip on UK write down News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17509/nab-profits-dip-on-uk-write-down National Australia Bank has announced annual 2014 net profit of $5.3 billion, a 1.1% decrease from 2013. Company Results Sumitomo Mitsui Financial Group Profit Slips News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17456/sumitomo-mitsui-financial-group-profit-slips Net Profit Slips 5.2% From Year Ago During “Abenomics” Heyday Company Results HK and Singapore boost Asia sales at Aegon News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17463/hk-and-singapore-boost-asia-sales-at-aegon Aegon’s new life sales in Asia almost doubled to €27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions. Company Results Reliance Cap Q2 profit up 20% on MF, general insurance push News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17471/reliance-cap-q2-profit-up-20-on-mf-general-insurance-push Financial services major Reliance Capital today reported 20 per cent rise in its second quarter net profit to Rs 217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses. Company Results Vietnam bank BIDV says third quarter profit jumps 39.2 pct News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17472/vietnam-bank-bidv-says-third-quarter-profit-jumps-392-pct Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV Company Results Manulife Financial Corp profit rises to $1.1-billion as Asia unit sales gain News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17445/manulife-financial-corp-profit-rises-to-11-billion-as-asia-unit-sales-gain Our results were highlighted by very strong sales from Asia, partially offset by some weaker results in Canada and the U.S. Company Results