The Asia Pacific Banking News Network http://www.apbankers.net/ Thu, 18 Sep 2014 03:35:08 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Another Chinese ‘Wealth Management’ Product Bites The Dust News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16275/another-chinese-amplsquowealth-managementamprsquo-product-bites-the-dust A potential default of 4 billion yuan by a nondescript Chinese bank reignites concern on risks from the country’s shadow banking sector - but an IMF blog says the sector is a mix of good and bad. Wealth and Asset Management How to win family office mandates News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16277/how-to-win-family-office-mandates Collins added that trust was very important to families Wealth and Asset Management A Hong Kong Tycoon Just Placed The Largest Order In Rolls-Royce History News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16290/a-hong-kong-tycoon-just-placed-the-largest-order-in-rolls-royce-history For example, the most expensive suite in the 22-story hotel is expected to cost as much as $130,000 a night, The Wall Street Journal reports. Wealth and Asset Management ‘Expert advice’ driving HNW confidence News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16255/amplsquoexpert-adviceamprsquo-driving-hnw-confidence For the month of August, the Certitude Global Investing Index found a sharp fall in investor confidence for Australian equities. Wealth and Asset Management Indian Funds, High Net Worth Individuals Eye Slice of Alibaba IPO News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16218/indian-funds-high-net-worth-individuals-eye-slice-of-alibaba-ipo Alibaba and shareholders are offering over 32 crore American depositary shares (ADS), valuing the company at over $160 billion. Wealth and Asset Management Ray White to launch financial advice dealership News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16227/ray-white-to-launch-financial-advice-dealership Real estate business Ray White has confirmed it is moving into financial advice with the launch of planning dealership Wealth Market. Wealth and Asset Management Australia: Banks' wealth management strategies being reassessed News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16189/australia-banksamp039-wealth-management-strategies-being-reassessed Their control of financial planning and advice jumped from about 19 per cent to 50 per cent. Wealth and Asset Management The rising cost of banking Asia's rich News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16191/the-rising-cost-of-banking-asiaamp039s-rich Asia’s booming economies are churning out new millionaires at a rapid rate and wealth managers have been vying for a slice of this growing pie Wealth and Asset Management Wealthy investors bullish thanks to advice News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16166/wealthy-investors-bullish-thanks-to-advice High net worth investor confidence is up, bucking a trend of lower confidence across the market as a whole Wealth and Asset Management Deutsche Asset & Wealth Management Takes Proactive Step to Accommodate Exceptional Investor Demand for ASHR and ASHS News Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16181/deutsche-asset-ampamp-wealth-management-takes-proactive-step-to-accommodate-exceptional-investor-demand-for-ashr-and-ashs Deutsche Asset & Wealth Management today announced that, due to high investor demand, Wealth and Asset Management OMGI hires Asian equity trio from BlackRock News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16280/omgi-hires-asian-equity-trio-from-blackrock UK-based Old Mutual Global Investors is installing an Asian equity team in Hong Kong, including a new head, and is bringing the management of two equity funds in-house. Executive Moves Philpost chief becomes 1st Asian member of global group of postal banks News Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16283/philpost-chief-becomes-1st-asian-member-of-global-group-of-postal-banks Eurogiro provides a venue for cooperation in the field of international payments and generates efficient solutions Executive Moves BNP Paribas AMC appoints CEO News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16270/bnp-paribas-amc-appoints-ceo Prior to this, she was Chief Operating Officer of the fund house. Executive Moves RBC Wealth Management appoints three Greater China heads News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16288/rbc-wealth-management-appoints-three-greater-china-heads The Greater China teams focus on Hong Kong, China and Taiwan. Executive Moves DLA Piper hires ex-Minter Ellison CEO as Australia chief News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16243/dla-piper-hires-ex-minter-ellison-ceo-as-australia-chief Minter Ellison’s former chief executive John Weber will take over from Andrew Darwin as DLA Piper’s Australia managing partner in March 2015. Executive Moves Putnam Investments names Jeffrey L. Gould Head of Global Institutional Businesses News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16250/putnam-investments-names-jeffrey-l-gould-head-of-global-institutional-businesses Reynolds indicated that Gould will be joining Putnam at a time when interest has significantly increased in the firm's various institutional investment strategies Executive Moves BNP Paribas boosts Securities Services management team in APAC News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16252/bnp-paribas-boosts-securities-services-management-team-in-apac Lawrence Au, Head of BNP Securities Services Asia Pacific, said: "I am very pleased to have Stéphanie and David on board as we make additional investment in key resources in Asia Pacific and embark on an exciting phase of our development. Executive Moves NBAD Appoints CEO for Asia from ANZ News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16256/nbad-appoints-ceo-for-asia-from-anz She will be responsible to define and implement NBAD's strategy in Asia and have oversight of the bank's current presence in Hong Kong, Malaysia and Shanghai and consider future expansion plans to Singapore. Executive Moves Moves- Westpac appoints June Fu general manager of Shanghai branch News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16258/moves-westpac-appoints-june-fu-general-manager-of-shanghai-branch Australia's Westpac Banking Corp appointed June Fu as general manager of its Shanghai branch and head of multinational corporations, China. Executive Moves RBS appoints head of global transaction services, Asia Pacific News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16261/rbs-appoints-head-of-global-transaction-services-asia-pacific He was recently Asia Pacific head of RBS's GTS financial institutions and non-bank financial institutions business. Executive Moves Westpac fined over misleading statements News Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16276/westpac-fined-over-misleading-statements The bank has paid the penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement and other promotional material. Legal, Regulation & Compliance Bird & Bird's David Kerr: Australian merger is a possibility News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16282/bird-ampamp-birdamp039s-david-kerr-australian-merger-is-a-possibility Bird & Bird CEO David Kerr has overseen a period of significant growth at the former IP boutique, and more is on the horizon. Legal, Regulation & Compliance NAB pays $40,800 penalty News Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16286/nab-pays-40800-penalty National Australia Bank, the Australian financial services licensee for UBank, has paid $40,800 in penalties after ASIC issued four infringement notices for potentially misleading advertisements. Legal, Regulation & Compliance OTC derivatives reporting and licensing in Hong Kong - what assets managers can do now to prepare News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16289/otc-derivatives-reporting-and-licensing-in-hong-kong-what-assets-managers-can-do-now-to-prepare Hong Kong’s regulatory requirements for over-the-counter derivative transactions continue to take shape. Legal, Regulation & Compliance Stephenson Harwood shuts down in Guangzhou News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16281/stephenson-harwood-shuts-down-in-guangzhou The firm also became the first UK law firm to enter the Myanmar market in May 2013 Legal, Regulation & Compliance British Virgin Islands suffers amid push against money laundering News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16247/british-virgin-islands-suffers-amid-push-against-money-laundering “You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia. Legal, Regulation & Compliance Two plead guilty to $7m insider trading News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16248/two-plead-guilty-to-7m-insider-trading A public servant and a National Australia Bank employee have admitted they ran a multimillion-dollar insider trading scheme. Legal, Regulation & Compliance Indian banks will need more than $200 bn to meet Basel III norms: Fitch News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16234/indian-banks-will-need-more-than-200-bn-to-meet-basel-iii-norms-fitch Indian banks will need more than $200 billion to meet Basel III international banking norms by March 2019, Fitch Ratings Inc. said on Monday. Legal, Regulation & Compliance Investment firm braces for legal battle in Hong Kong News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16235/investment-firm-braces-for-legal-battle-in-hong-kong Hong Kong lawmakers criticized the company for a six week delay in revealing the losses and the police raided its offices in 2009. Legal, Regulation & Compliance China’s regulator warns managers to step up risk controls News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16239/chinaamprsquos-regulator-warns-managers-to-step-up-risk-controls The regulatory watchdog will step up its efforts to crack down on illegal activities Legal, Regulation & Compliance National Australia Bank targets travellers News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16267/national-australia-bank-targets-travellers NAB says the technology was introduced in June and has seen a 30 per cent rise in the amount of funds customers load while travelling. BankTech Thailand's SCB Asset Management Live on Multi-Asset Charles River IMS News Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16287/thailandamp039s-scb-asset-management-live-on-multi-asset-charles-river-ims Charles River has extensive experience working with clients in Thailand BankTech ICICI Bank debuts cardless cash withdrawals News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16246/icici-bank-debuts-cardless-cash-withdrawals ICICI Bank, India's largest private sector bank, presents 'Cardless Cash Withdrawal', a service that allows its customers to transfer money from their account to anyone in India with a mobile number. BankTech Avaloq hires CEO of the BPO centre in Singapore News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16259/avaloq-hires-ceo-of-the-bpo-centre-in-singapore He was most recently the interim Head of Wealth Management Operations (Global) at Deutsche Bank AG. BankTech GES and Currenex announces partnership in the Asia-Pacific region News Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16238/ges-and-currenex-announces-partnership-in-the-asia-pacific-region GES has finally become the technology partner of Currenex BankTech Will robots replace executivesâÄč? - McKinsey News Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16195/will-robots-replace-executivesacirc-mckinsey Technology is getting smarter, faster. Are you? Experts including the authors of The Second Machine Age, Erik Brynjolfsson and Andrew McAfee, examine the impact that “thinking” machines may have on top-management roles. BankTech More in Singapore using Maybank's mobile app News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16113/more-in-singapore-using-maybankamp039s-mobile-app Maybank's new "Mobile to Mobile Transfer" app is growing by nearly a fifth annually, and with an increasing number of its Singapore registered online banking customers using the application to transfer money, some S$2 billion worth is being BankTech Financial Simplicity brings clarity to new technology-enabled wealth operating models News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16114/financial-simplicity-brings-clarity-to-new-technology-enabled-wealth-operating-models This process helps determine operating model blueprints based on a combination of technology systems and other industry components that can best deliver their unique proposition with leverage and scale. BankTech Software investment hits record, but more ‘sophisticated’ tech needed News Aggregation Team Wednesday, September 03, 2014 12:00 am http://www.apbankers.net/article/15998/software-investment-hits-record-but-more-amplsquosophisticatedamprsquo-tech-needed Australian businesses invested a record $3.26 billion in software in the second quarter of this year BankTech Singapore Financial Services Firms Select SunGard’s Managed Services to Help Optimize Performance News Team Wednesday, September 03, 2014 12:00 am http://www.apbankers.net/article/16007/singapore-financial-services-firms-select-sungardamprsquos-managed-services-to-help-optimize-performance A group of financial services firms in Singapore have chosen to migrate their operations to SunGard’s managed services to help adapt to industry change, optimize performance, boost cost efficiencies, leverage new technologies and focus on serving th BankTech ICBC sets $650m record for ‘Lion City’ bond issuance News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16269/icbc-sets-650m-record-for-amplsquolion-cityamprsquo-bond-issuance Industrial and Commercial Bank of China has issued a total of Rmb4bn ($650m) of renminbi-denominated bonds in Singapore and Taiwan, in the first case of cross-border collaboration between the two offshore markets for the Chinese currency. Alternative Investments China central bank pumps 500 billion yuan into top banks News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16295/china-central-bank-pumps-500-billion-yuan-into-top-banks China's central bank provided 500 billion yuan ($81.4 billion) to five state-owned banks in an effort to boost corporate cash flows and prop up a sluggish economy. Alternative Investments Nikko AM eyes Asia buildout, multi-asset rollout News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16298/nikko-am-eyes-asia-buildout-multi-asset-rollout He will focus on governance issues and liaise with fellow directors on the board and company shareholders, while also contributing to the firm’s strategic thinking as a veteran with more than 25 years’ industry experience. Alternative Investments Goldman Sachs’s Oryza Asia Hedge Fund Said to Top $1 Billion News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16274/goldman-sachsamprsquos-oryza-asia-hedge-fund-said-to-top-1-billion The Asia-focused equity long-short fund started in September 2013 with an initial capital of $80 million, according to a document sent to potential investors. Alternative Investments An Asia event-driven hedge fund managed by Senrigan Capital Group Ltd., News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16296/an-asia-event-driven-hedge-fund-managed-by-senrigan-capital-group-ltd The return extended the Senrigan Master Fun Blackstone-Backed Senrigan Fund Returned 6.8% Through August. Alternative Investments Asia ex-Japan hedge funds outperform peers News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16297/asia-ex-japan-hedge-funds-outperform-peers They have risen 7.26% to date this year, stirring expectations of stronger inflows, while long/short equity funds lead capital-raising, find two reports. Alternative Investments Crossinvest Wealth Management Strategies News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16254/crossinvest-wealth-management-strategies When a domestic fund manager is faced with the need for large-cap company exposure but runs into expensive valuations,it turns out that the best course of action is usually to go with a mutual fund. Alternative Investments Mutual fund scheme for Indian expatriates News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16214/mutual-fund-scheme-for-indian-expatriates The fund's corpus money will be invested in industries that are going to benefit from these investments Alternative Investments Hong Kong Jockey Club Boosts Alternative Investments by 34% News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16219/hong-kong-jockey-club-boosts-alternative-investments-by-34 Hong Kong Jockey Club, the city’s only horse-racing operator and single largest taxpayer, increased its allocation to alternative assets by 34 percent in the past year. Alternative Investments Singapore and London seen joining HK as top yuan hubs News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16221/singapore-and-london-seen-joining-hk-as-top-yuan-hubs Singapore's efforts to boost its status as an offshore yuan hub could help it become a dominant global player within five years Alternative Investments Conventional banks’ sukuk to push limits of Islamic finance News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16223/conventional-banksamprsquo-sukuk-to-push-limits-of-islamic-finance Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists. Islamic Finance Widening Islamic finance beyond Mid-East, SE-Asia News Aggregation Team Sunday, September 14, 2014 12:00 am http://www.apbankers.net/article/16216/widening-islamic-finance-beyond-mid-east-se-asia Governments in non-Muslim countries are already issuing sukuk Islamic Finance Japan's BTMU to boost Islamic business with first sukuk News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16202/japanamp039s-btmu-to-boost-islamic-business-with-first-sukuk Efforts by conventional banks such as BTMU are helping Islamic finance win wider appeal, with France's Societe Generale and Goldman Sachs also planning sukuk of their own. Islamic Finance Hong Kong Completes First Sale of Islamic Debt News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16158/hong-kong-completes-first-sale-of-islamic-debt Hong Kong Raised $1 Billion in Islamic Bonds With Investors Paying 2.005% Yield Islamic Finance Are Thailand's Islamic financial institutions ready for the AEC? News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16159/are-thailandamp039s-islamic-financial-institutions-ready-for-the-aec It is less than a year before Southeast Asian countries join the Asean Economic Community (AEC). The region will then experience free flow of labour, capital, goods and services, driving liberalisation in many sectors, including the financial industry. Islamic Finance StanChart Sees China Opening on Hong Kong Debut: Islamic Finance News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16160/stanchart-sees-china-opening-on-hong-kong-debut-islamic-finance Standard Chartered Plc is in talks with potential corporate sukuk issuers from China and Hong Kong, as the city government debuts its Islamic bonds. Islamic Finance MARC assigns final rating of AIS to Bank Muamalat Malaysia's MYR 2 billion Sukuk News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16180/marc-assigns-final-rating-of-ais-to-bank-muamalat-malaysiaamp039s-myr-2-billion-sukuk MARC is satisfied that the terms and conditions of the Senior Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AIS was based Islamic Finance HK sukuk attracts US$1b on debut News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16187/hk-sukuk-attracts-us1b-on-debut Hong Kong sold US$1 billion of sovereign Islamic bonds in its first-ever issue of the securities, attracting orders for 4.7 times the amount on offer. Islamic Finance Growth of Islamic insurance sector rebounding, study finds News Aggregation Team Wednesday, September 10, 2014 12:00 am http://www.apbankers.net/article/16122/growth-of-islamic-insurance-sector-rebounding-study-finds Growth of takaful business is rebounding, fuelled by improved economic conditions across its core markets and increased underwriting needs from the broader Islamic banking sector Islamic Finance ICD signs financing agreement with Bank of Tokyo-Mitsubishi UFJ (Malaysia) News Aggregation Team Monday, September 08, 2014 12:00 am http://www.apbankers.net/article/16099/icd-signs-financing-agreement-with-bank-of-tokyo-mitsubishi-ufj-malaysia This signing marks another achievement for BTMU Malaysia in expanding our Islamic financing business Islamic Finance China’s SOE Reform Is Boon for Investment Bankers News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16249/chinaamprsquos-soe-reform-is-boon-for-investment-bankers Chinese buying of overseas assets are at record highs so far this year, both by dollar amounts and number of deals Investment Banking BNP Paribas Investment Partners gets RQFII licence News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16271/bnp-paribas-investment-partners-gets-rqfii-licence BNP Paribas Investment Partners has become one of the first asset managers in the eurozone to be awarded an RMB qualified foreign institutional investors licence by the China Securities Regulatory Commission Investment Banking Deutsche AWM opens HK Sec lending office News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16285/deutsche-awm-opens-hk-sec-lending-office Global coverage (ex-Asia) will continue to be performed out of the Frankfurt office. Investment Banking Russian hot money flows into Hong Kong after West slaps sanctions on Moscow News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16230/russian-hot-money-flows-into-hong-kong-after-west-slaps-sanctions-on-moscow Western sanctions against Moscow over conflict in Ukraine sees firms turning to the city for their financing needs, but some banks are wary Investment Banking Don't crowd the Street during mega divestments, govt tells i-bankers News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16183/donamp039t-crowd-the-street-during-mega-divestments-govt-tells-i-bankers Centre has lined up ambitious share sales in ONGC and Coal India Investment Banking Rising business ties has Chinese banks eyeing Brazilian counterparts News Aggregation Team Monday, September 08, 2014 12:00 am http://www.apbankers.net/article/16087/rising-business-ties-has-chinese-banks-eyeing-brazilian-counterparts The steadily increasing trade between China and Brazil has attracted more Chinese banks into the Latin American country to complement their international network and provide financial services to clients in both nations. Investment Banking Who will buy NAB Asset Servicing? News Aggregation Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16019/who-will-buy-nab-asset-servicing While NAB described it as a "strategic partnering", the industry understood that to mean the business is for sale. Investment Banking Singapore banks unlikely to match Wall Street pay rise News Aggregation Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16022/singapore-banks-unlikely-to-match-wall-street-pay-rise US banking giants such as the Bank of America and Goldman Sachs Group were recently reported to be raising salaries for some junior staff by at least 20 per cent. Investment Banking Warburg Pincus to invest US$700m in Huarong Asset Management News Aggregation Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16023/warburg-pincus-to-invest-us700m-in-huarong-asset-management Warburg Pincus is paying almost US$700m for the biggest chunk of a stake in the bad-loan manager sold to an investor group, sources say Investment Banking BNP Paribas wins fund servicing mandate in Singapore News Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16027/bnp-paribas-wins-fund-servicing-mandate-in-singapore The appointment comes as Maybank AM Singapore prepares to launch a range of funds compliant with the new standards defined by the Standards of Qualifying Collective Investment Scheme framework, better known as the “ASEAN* Funds Passport scheme&r Investment Banking Net FDI inflows on track to top $30 billion this fiscal: Nomura News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16220/net-fdi-inflows-on-track-to-top-30-billion-this-fiscal-nomura Foreign direct investment inflows to India are expected to gain further momentum and net FDI inflows to the country could cross USD 30 billion mark this fiscal year driven by improved investor sentiment InvestmentView India’s big bank makeover News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16188/indiaamprsquos-big-bank-makeover When Raghuram Rajan took over as Reserve Bank of India governor a year ago, he knew exactly what he wanted to do and spelled it out. InvestmentView Asia facing dearth of investable infrastructure projects News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16203/asia-facing-dearth-of-investable-infrastructure-projects The ratings agency said pension and sovereign wealth funds see infrastructure as a good fit as it is a long-life asset which offers stable cash flows – but few projects in Asia are tempting them. InvestmentView Singapore-based manager sees short-term opportunities in North Asia News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16172/singapore-based-manager-sees-short-term-opportunities-in-north-asia After several years of working for large companies and watching the same mistakes being repeated, I wanted to set up and do something by myself InvestmentView Barclays’ Harte: Alibaba and the forty fears of bank transformation News Aggregation Team Wednesday, September 10, 2014 12:00 am http://www.apbankers.net/article/16126/barclaysamprsquo-harte-alibaba-and-the-forty-fears-of-bank-transformation Michael Harte, chief operations and technology officer at Barclays, says the growth of Chinese online e-commerce business Alibaba is the threat that keep InvestmentView Envoy: Nation can link Chinese firms to Asean and Middle East News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16107/envoy-nation-can-link-chinese-firms-to-asean-and-middle-east Malaysia is ready to become the gateway for Chinese companies to Asean and Middle Eastern countries. InvestmentView Top seven biggest barriers to growth for Asia’s banking sector - BNY Mellon Tim Price Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16111/top-seven-biggest-barriers-to-growth-for-asiaamprsquos-banking-sector-bny-mellon Trade and export finance leaders from across Asia-Pacific and beyond have gathered in Singapore this week for the GTR Asia Trade Finance Week 2014 to discuss the most pressing trends and issues impacting the region. InvestmentView Eurozone Contrasts and the Power of Mario by Justin Urquhart Stewart Justin Urquhart Stewart Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16064/eurozone-contrasts-and-the-power-of-mario-by-justin-urquhart-stewart The Eurozone, as we all know, is certainly not one nation and it is most certainly nowhere near being one economy. InvestmentView BRICS bank not aimed at challenging IMF, WB: RBI Governor Raghuram Rajan News Aggregation Team Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16071/brics-bank-not-aimed-at-challenging-imf-wb-rbi-governor-raghuram-rajan "I don't think it was primarily meant to challenge the existing multilateral institutions but it certainly is saying look we have plenty of money ourselves" InvestmentView CII sets up first Middle East office in Bahrain News Team Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16072/cii-sets-up-first-middle-east-office-in-bahrain Bahrain is set to host the first office of the Confederation of Indian Industry in the Middle East. InvestmentView Japan's J Trust set to buy Indonesia's Bank News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16229/japanamp039s-j-trust-set-to-buy-indonesiaamp039s-bank Bank Mutiara has been restructuring its business under LPS' supervision and the state agency started a public bidding process to sell its 99.996 percent interest in the lender in April 2014 Retail Banking Citigroup’s Diners Club Business Said to Attract Japan Banks News Aggregation Team Friday, September 12, 2014 12:00 am http://www.apbankers.net/article/16206/citigroupamprsquos-diners-club-business-said-to-attract-japan-banks Sumitomo Mitsui Trust Holdings Inc. (8309) and Shinsei Bank Ltd. (8303) are among banks that have been preparing preliminary bids, said the people, who asked not to be named, citing confidentiality. Retail Banking Indonesia: OJK to issue branchless banking rule by year-end News Aggregation Team Thursday, September 11, 2014 12:00 am http://www.apbankers.net/article/16148/indonesia-ojk-to-issue-branchless-banking-rule-by-year-end The Financial Services Authority is preparing a regulation on branchless banking, expecting to significantly boost access to finance in a country where only a quarter of its more than 240 million people has access to banks. Retail Banking YES BANK Receives Multiple Global Awards for Quality and Service Excellence News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16098/yes-bank-receives-multiple-global-awards-for-quality-and-service-excellence Adjudged ‘Best Transaction Bank for Payments’ 2014 by The Banker magazine Retail Banking Maybank aims to grow in Asean without M&A News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16100/maybank-aims-to-grow-in-asean-without-mampampa Islamic is still going to be the biggest in Malaysia Retail Banking Sumitomo Mitsui Seeks $955m Stake in Bank of East Asia News Aggregation Team Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16058/sumitomo-mitsui-seeks-955m-stake-in-bank-of-east-asia SMFG is aiming to increase its exposure to Chinese business Retail Banking Portuguese bank to close HK branch News Team Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16068/portuguese-bank-to-close-hk-branch In the email to clients seen by Reuters, the bank said it would no longer accept orders in Hong Kong due to the closure Retail Banking Mandiri wins Best Asian Bank 2014 News Aggregation Team Friday, September 05, 2014 12:00 am http://www.apbankers.net/article/16041/mandiri-wins-best-asian-bank-2014 This high margin is partly a reflection of the cost of deposits in a country comprising thousands of islands Retail Banking Bank of Queensland and Suncorp held merger talks News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15967/bank-of-queensland-and-suncorp-held-merger-talks Paul Xiradis, head of equities at BoQ shareholder Ausbil Dexia, said he would raise the possibility of a deal with Suncorp and Bank of Queensland and ask for details on why it didn’t go ahead. Retail Banking CIMB Thai outlines three-year plan for |its first foreign branch, in Vientiane News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15914/cimb-thai-outlines-three-year-plan-for-its-first-foreign-branch-in-vientiane CIMB Group is now present in nine of the 10 Asean nations Retail Banking OECD releases first BEPS recommendations to G20 for international approach to combat tax avoidance by multinationals News Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16265/oecd-releases-first-beps-recommendations-to-g20-for-international-approach-to-combat-tax-avoidance-by-multinationals At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015 Tax Tackling tax evasion: Pakistan can seek data from Swiss banks in revised treaty News Aggregation Team Tuesday, September 09, 2014 12:00 am http://www.apbankers.net/article/16104/tackling-tax-evasion-pakistan-can-seek-data-from-swiss-banks-in-revised-treaty Pakistan and Switzerland have pencilled a revised Avoidance of Double Taxation treaty that will allow Islamabad to seek information for tax purposes about money deposited in Swiss banks. Tax India among top recipients of remittances from Cayman Islands News Aggregation Team Sunday, September 07, 2014 12:00 am http://www.apbankers.net/article/16070/india-among-top-recipients-of-remittances-from-cayman-islands Cayman Islands may be widely known as a 'tax haven' and a major route for overseas investment flows, but India has surprisingly emerged as a top destination of 'worker remittances' from that British Overseas Territory. Tax Filipino Lawmakers Support Personal Income Tax Cut News Aggregation Team Friday, September 05, 2014 12:00 am http://www.apbankers.net/article/16044/filipino-lawmakers-support-personal-income-tax-cut The Philippines' Senate President, Franklin Drilon, has confirmed that two bills to reduce individual taxpayer burdens are currently being favorably considered in the Committee on Ways and Means of both the Senate and the House of Representatives. Tax Mauritius Further Enhances its Position as an Offshore Jurisdiction of Choice with Four Double Taxation Agreements - Appleby News Team Friday, September 05, 2014 12:00 am http://www.apbankers.net/article/16049/mauritius-further-enhances-its-position-as-an-offshore-jurisdiction-of-choice-with-four-double-taxation-agreements-appleby The Government of the Republic of Mauritius (Government of Mauritius) has ratified double taxation agreements (DTA) with Guernsey and several African countries. Tax Australia back in the ring to fight transnational tax evaders News Aggregation Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16020/australia-back-in-the-ring-to-fight-transnational-tax-evaders Treasurer Joe Hockey has said the Australian government will look to the G20 group of nations and the OECD to join the hunt for multinational businesses engaging in transfer pricing and other tax reduction schemes. Tax Hallyu star probed for offshore tax evasion News Aggregation Team Wednesday, September 03, 2014 12:00 am http://www.apbankers.net/article/15992/hallyu-star-probed-for-offshore-tax-evasion South Korea's tax agency is looking into allegations that actor-singer Jang Keun-suk, who is popular throughout Asia, evaded paying taxes on income he earned in China Tax Pakistan seeks Swiss legal framework to recover stashed money News Aggregation Team Wednesday, September 03, 2014 12:00 am http://www.apbankers.net/article/16002/pakistan-seeks-swiss-legal-framework-to-recover-stashed-money Pakistan has requested Swiss authorities to place legal framework to effectively exchange details of its nationals who have parked untaxed wealth in Swiss banks Tax Big banks stall on global tax evasion crackdown News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15920/big-banks-stall-on-global-tax-evasion-crackdown Australian banks are stalling on a deal that will help expose tax evaders to global authorities. Tax Wickenby identifies $2b in tax liabilities News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15902/wickenby-identifies-2b-in-tax-liabilities is review of the tax agency’s high-wealth individuals program found that between 2011-12 and 2012-13 the super rich had clawed back more than half (52 per cent or $477 million) of the $909 million the tax office disputed. Tax $5.5 Tril. Global Investment Consultation Body “CROSAPF” to Set Sail News Aggregation Team Monday, September 08, 2014 12:00 am http://www.apbankers.net/article/16088/55-tril-global-investment-consultation-body-ampldquocrosapfamprdquo-to-set-sail Its total assets under management will be about 5.5 trillion won. Sovereign Wealth Sovereign wealth fund CIC at risk with Bumi investment News Aggregation Team Monday, September 08, 2014 12:00 am http://www.apbankers.net/article/16090/sovereign-wealth-fund-cic-at-risk-with-bumi-investment China Investment Corporation vulnerable due to investment in debt-laden Indonesian coal miner Sovereign Wealth GIC gives private equity firms run for their money News Aggregation Team Friday, September 05, 2014 12:00 am http://www.apbankers.net/article/16054/gic-gives-private-equity-firms-run-for-their-money The deals represent a shift in strategy as the world’s eighth-biggest state fund Sovereign Wealth Singapore’s GIC in $247 million Indian property JV News Aggregation Team Thursday, September 04, 2014 12:00 am http://www.apbankers.net/article/16010/singaporeamprsquos-gic-in-247-million-indian-property-jv GIC is estimated to be the world’s eighth largest SWF by the Sovereign Wealth Fund Institute Sovereign Wealth Singapore's GIC in final talks to buy Tokyo building for $2b News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15788/singaporeamp039s-gic-in-final-talks-to-buy-tokyo-building-for-2b GIC is in the final stages of talks over the 32-storey Pacific Century Place Marunouchi, located near Tokyo's main railway station. Sovereign Wealth Dubai’s SWF to form investment alliance with Korea News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15789/dubaiamprsquos-swf-to-form-investment-alliance-with-korea ICD is very pleased to be entering into this venture with KEXIM Sovereign Wealth Goldman Sachs seeks to be adviser on sovereign bonds News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15733/goldman-sachs-seeks-to-be-adviser-on-sovereign-bonds Bangladesh can raise $2-$3 billion from the international market through sovereign bonds, Goldman Sachs, the world's leading investment bank, said as it seeks to advise the government on its first sovereign bond issue. Sovereign Wealth Dubai's ICD, Korea's ExIm Bank Team Up for Investments in Asia, Mideast and Africa News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15688/dubaiamp039s-icd-koreaamp039s-exim-bank-team-up-for-investments-in-asia-mideast-and-africa Dubai's sovereign wealth fund said Tuesday it is teaming up with the Export-Import Bank of Korea to jointly pursue investment opportunities in Asia, the Middle East and Africa. Sovereign Wealth CIC Set to be ‘Picky’ and ‘Stingy’ with Asset Managers, Says Consultant News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15559/cic-set-to-be-amplsquopickyamprsquo-and-amplsquostingyamprsquo-with-asset-managers-says-consultant The Shanghai-based consultancy said it believes CIC, which is often courted with “blood-letting fee cuts,” is going to become even more “picky” and “stingy” Sovereign Wealth SWFs sidestep fund managers with more direct deals News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15500/swfs-sidestep-fund-managers-with-more-direct-deals Singapore led the way as the nation whose SWFs acquired the most in terms of value of assets via direct investments Sovereign Wealth True or False: The Indian gold market is dead News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16278/true-or-false-the-indian-gold-market-is-dead Trade statistics for the month of August have just been released in India, showing a huge surge in gold imports compared to August of 2013. Research Investor sentiment sours on China News Aggregation Team Thursday, September 18, 2014 12:00 am http://www.apbankers.net/article/16299/investor-sentiment-sours-on-china Expectations of Chinese and European growth are waning amid worries over US stimulus being scaled back, according to Bank of America-Merrill Lynch's September fund manager survey. Research Indonesia has Highest Growth of Billionaire in Region, Higher Demand for Sophisticated Investment Instrument News Aggregation Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16266/indonesia-has-highest-growth-of-billionaire-in-region-higher-demand-for-sophisticated-investment-instrument Indonesian high-net-worth individuals are demanding for the most up-to-date market information Research Asia leads ranks of new billionaires News Team Wednesday, September 17, 2014 12:00 am http://www.apbankers.net/article/16279/asia-leads-ranks-of-new-billionaires The combined wealth of the world’s billionaires increased by 12% to US$7.3 trillion Research Forget Zimbabwe, U.S. Tax System Ranks At Bottom, Just Better Than Portugal News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16253/forget-zimbabwe-us-tax-system-ranks-at-bottom-just-better-than-portugal Remember the study last year that ranked our tax code right below Zimbabwe? Research ‘It’s a buy-on-dips market for another 3 years’ News Aggregation Team Tuesday, September 16, 2014 12:00 am http://www.apbankers.net/article/16260/amplsquoitamprsquos-a-buy-on-dips-market-for-another-3-yearsamprsquo It all started by removing small impediments such as notarisation, increasing rail freight and relaxing FDI norms in insurance. Research Van Eyk enters voluntary administration News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16225/van-eyk-enters-voluntary-administration Van Eyk Research has gone into voluntary administration with Trent Hancock of Moore Stephens Sydney Corporate Recovery Group appointed administrator. Research Asian corporates want to cash in on 'growing middle class,' yet seek cheap labour, survey finds News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16240/asian-corporates-want-to-cash-in-on-amp039growing-middle-classamp039-yet-seek-cheap-labour-survey-finds Forty per cent of Chinese enterprises surveyed said they were considering moving from recent growth hotspots Research The 2014 Asia 100: Niche Products Go Mainstream News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16262/the-2014-asia-100-niche-products-go-mainstream International asset managers in Asia are looking for distinctive strategies to drive growth in more challenging circumstances. Research Why digitisation of banks cannot be complete unless financial inclusion is achieved News Aggregation Team Monday, September 15, 2014 12:00 am http://www.apbankers.net/article/16263/why-digitisation-of-banks-cannot-be-complete-unless-financial-inclusion-is-achieved Digitisation of banks is a reality in India that no bank can avoid anymore. Research Bank Islam Expects 20 Per Cent Growth In Financing This Year News Aggregation Team Friday, September 05, 2014 12:00 am http://www.apbankers.net/article/16046/bank-islam-expects-20-per-cent-growth-in-financing-this-year Bank Islam Malaysia Bhd, the nation's first Islamic Bank, expects a 20 per cent growth in its financing activities this year Company Results Innovation as a core strategy for Allianz in Asia-Pacific News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15908/innovation-as-a-core-strategy-for-allianz-in-asia-pacific The Financial- Allianz in Asia-Pacific delivered a strong set of results in the first half of 2014. Company Results Kiwibank profit hits $100 million News Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15882/kiwibank-profit-hits-100-million The bulk of the profit was made up by the Kiwibank Banking Group (“Kiwibank”) which achieved an after-tax profit of $100 million, an increase of three per cent over the previous year’s profit of $97 million. Company Results Equity Trustees lifts profit 12% News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15884/equity-trustees-lifts-profit-12 Equity Trustees after tax profit rose 12% for the full year following the acquisition of ANZ Trustees. Company Results ICBC Profit Grows at Slowest Pace Since 2009 News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15888/icbc-profit-grows-at-slowest-pace-since-2009 ICBC, China's Largest Lender, Posts Profit of $24.1 Billion in Latest Period Company Results Maybank Profit Growth Eases as Investment Banking Business Slows News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15859/maybank-profit-growth-eases-as-investment-banking-business-slows Malayan Banking Bhd., Malaysia’s biggest lender, said profit rose at the weakest pace since 2009 last quarter as a slowdown in its investment banking business countered gains from loans growth. Company Results First-half profit growth slows at Agricultural Bank of China News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15862/first-half-profit-growth-slows-at-agricultural-bank-of-china Agricultural Bank of China Ltd. reported the slowest first-half profit growth since it went public in 2010, while its bad-loan level picked up as the country's economic growth slows. Company Results Profit up and new products for ClearView Wealth News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15823/profit-up-and-new-products-for-clearview-wealth ClearView Wealth has posted a 23% increase in after tax profit for the full year to 30 June while also announcing it is entering the low cost product market for low account balance investors . Company Results China Investment Billionaire Guo Guangchang's Fosun Says 1st-Half Net Profit Rose 8% News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15831/china-investment-billionaire-guo-guangchangamp039s-fosun-says-1st-half-net-profit-rose-8 Fosun’s shares have gained two-thirds at the Hong Kong Stock Exchange in the past year. Company Results Bank of Chongqing Announces 2014 Interim Results News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15758/bank-of-chongqing-announces-2014-interim-results Net Profit Increased 18%, Ranked High among Listed PRC Banks Company Results