The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 10 Dec 2016 02:57:31 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Jho Low Family Digs in to Stop 1MDB Asset Seizure by U.S. News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32835/jho-low-family-digs-in-to-stop-1mdb-asset-seizure-by-us The Justice Department is targeting real estate, investments and art works that were allegedly bought with money siphoned off from the state-owned investment and development fund known as 1MDB. Wealth and Asset Management Swiss private bank to close Hong Kong operations News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32850/swiss-private-bank-to-close-hong-kong-operations "This is part of a return to Europe strategy due to rising cost pressures," said one of the people familiar with the matter who declined to be named. Wealth and Asset Management EFG International to cut up to 450 jobs as part of BSI integration News Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32855/efg-international-to-cut-up-to-450-jobs-as-part-of-bsi-integration In an analyst and investor call today at 9.30 am CET, EFG International will provide an update on the integration of BSI, including further information on the planned strategy and ambitions of the combined group and the revised synergy potential. Wealth and Asset Management Class Action: Why Philanthropists are going back to school News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32821/class-action-why-philanthropists-are-going-back-to-school Instead, formal education provision across the world remains patchy. Wealth and Asset Management ABN Amro to Sell $20 Billion of Asia, Middle East Banking Assets News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32830/abn-amro-to-sell-20-billion-of-asia-middle-east-banking-assets LGT is a leading international private banking and asset management group. Wealth and Asset Management Just over half of HNWI assets are in discretionary mandates News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32805/just-over-half-of-hnwi-assets-are-in-discretionary-mandates Wealth managers in developed markets have started to lean towards the view that digital players no longer compete only for execution only business Wealth and Asset Management Netwealth partners for new private label News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32807/netwealth-partners-for-new-private-label The feedback from our clients to date has been extremely positive, particularly around our ability to react quickly to changing market conditions and to better manage downside risk. Wealth and Asset Management HSBC to accelerate hiring in China next year, defying challenges News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32809/hsbc-to-accelerate-hiring-in-china-next-year-defying-challenges HSBC is starting its credit-card business in China on Monday after receiving regulatory approval to issue cards by itself, having previously done so in partnership with Bank of Communications Co. Wealth and Asset Management Finding a niche in Asian asset management News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32811/finding-a-niche-in-asian-asset-management The big challenge for providers is coming up with funds that embody good ideas. Wealth and Asset Management Richest 1% Indians possess 58% money News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32813/richest-1-indians-possess-58-money Credit Suisse has been publishing the report every year for last five years. Wealth and Asset Management The Private Wealth Management Association appoints new MD News Team Friday, December 09, 2016 12:00 am http://www.apbankers.net/article/32854/the-private-wealth-management-association-appoints-new-md The PWMA would like to thank Joanne for the support, efforts and contributions she has provided during her tenure as Managing Director of the Association. Executive Moves Myer Family Company boots wealth arm News Aggregation Team Friday, December 09, 2016 12:00 am http://www.apbankers.net/article/32856/myer-family-company-boots-wealth-arm New Appointment for Myer Family Company Executive Moves SGX names fixed income biz leader News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32822/sgx-names-fixed-income-biz-leader He has also served as the head of Asia Pacific Debt Capital Markets at Bank of America Merrill Lynch and spent about nine years with Deutsche Bank AG in Hong Kong where he was both Head of Fixed Income Capital Markets and Head of Asia Leveraged Debt Capit Executive Moves Two special counsel welcomed at Hall & Wilcox News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32800/two-special-counsel-welcomed-at-hall-ampamp-wilcox We are seeing a significant increase in clients looking for specialist help with their personal estate planning and it is great to have James and Eileen in the team to help meet this need. Executive Moves VFMC COO jumps ship to new GSAM company News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32808/vfmc-coo-jumps-ship-to-new-gsam-company He held multiple senior roles there, including chief operating officer and chief finance officer across different business lines including operations, technology, legal and human resources. Executive Moves ANZ appoints sustainable head News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32774/anz-appoints-sustainable-head ANZ New Head Of Sustainable Finance Solutions Team, Appointed Executive Moves Elizabeth Lenz Announce Latest Senior Portfolio Manager Promotion News Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32760/elizabeth-lenz-announce-latest-senior-portfolio-manager-promotion He will have overall responsibility for managing customers’ funds and portfolios together with the more than 100 employees in the firm’s Tokyo headquarters. Executive Moves Challenger distribution chief departs for start-up role News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32777/challenger-distribution-chief-departs-for-start-up-role He has a strong track record of driving the Challenger Life business and is well-positioned to maintain Challenger's distribution and marketing momentum. Executive Moves Escala Partners lures Deutsche Bank private bankers News Aggregation Team Thursday, December 01, 2016 12:00 am http://www.apbankers.net/article/32765/escala-partners-lures-deutsche-bank-private-bankers Rivals are seeking to get their hands on Deutsche's funds under management of just under $2.5 billion. Executive Moves Deutsche Bank Makes Senior Wealth Appointment in Hong Kong News Aggregation Team Thursday, December 01, 2016 12:00 am http://www.apbankers.net/article/32769/deutsche-bank-makes-senior-wealth-appointment-in-hong-kong North Asia Wealth Management Head For Deutsche Bank, Announced Executive Moves Appleby's Corporate Activities in November News Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32840/applebyamp039s-corporate-activities-in-november Appleby also acted for Mengke Holdings Limited in its listing on the Main Board on 25 November. Legal, Regulation & Compliance Chinese Fund Manager Pleads Guilty to Stock-Manipulation Charges News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32846/chinese-fund-manager-pleads-guilty-to-stock-manipulation-charges Zexi Investment founder was arrested in November 2015 Legal, Regulation & Compliance KPMG, Deloitte and EY turn into one stop legal shops News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32851/kpmg-deloitte-and-ey-turn-into-one-stop-legal-shops Legal practices in the big four accounting firms are gaining traction with a doubling in team sizes Legal, Regulation & Compliance Offshore holding linked to minister News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32858/offshore-holding-linked-to-minister The Government of any country should ensure that none of their senior cabinet members are investing in such a controversial business Legal, Regulation & Compliance Panama pleas: PTI hurls barrage of allegations at PM Nawaz including tax evasion News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32824/panama-pleas-pti-hurls-barrage-of-allegations-at-pm-nawaz-including-tax-evasion Expressing his views over an application filed by Jamaat-e-Islami for formation of judicial commission, he said that the apex court could explore any option. Legal, Regulation & Compliance Japan’s Kanto Bureau Adds FXGlobe and Tradeview Markets to its Warning List News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32826/japanamprsquos-kanto-bureau-adds-fxglobe-and-tradeview-markets-to-its-warning-list The watchdog has added a further two forex brokerages to its warning list for contravening its rules and regulations. Legal, Regulation & Compliance BMW to pay A$77m for irresponsible lending in Australia News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32836/bmw-to-pay-a77m-for-irresponsible-lending-in-australia The lion's share of the sum, at A$50 million, will go toward the write-off of loans. Legal, Regulation & Compliance Demonetisation: ED arrests 2 bank managers for laundering News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32817/demonetisation-ed-arrests-2-bank-managers-for-laundering Axis Bank said it has suspended the officials concerned. Legal, Regulation & Compliance Hong Kong SFC and Swiss Regulator Conclude Cooperation News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32819/hong-kong-sfc-and-swiss-regulator-conclude-cooperation This agreement gives Swiss fund managers access to an important financial centre. Legal, Regulation & Compliance CRS questions on the minds of Chinese clients and corporates News Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32820/crs-questions-on-the-minds-of-chinese-clients-and-corporates Some of the key issues practitioners are looking to address ahead of the moves towards global transparency relate specifically to concerns around data protection and correct reporting procedures. Legal, Regulation & Compliance HKMA and UKs FCA enter cooperation agreement to foster fintech News Team Friday, December 09, 2016 12:00 am http://www.apbankers.net/article/32848/hkma-and-uks-fca-enter-cooperation-agreement-to-foster-fintech The FCA and the HKMA have entered into a Co-operation Agreement to foster collaboration in promoting financial innovation. FinTech Stellar Partners ICICI Bank, Enables Blockchain Money Transfers in India, Africa and Philippines News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32842/stellar-partners-icici-bank-enables-blockchain-money-transfers-in-india-africa-and-philippines The new partnerships could have a telling and timely impact, particularly in India, a country still trying to find its feet following an unprecedented cash-freeze due to its government’s recent demonetization drive. FinTech European Central Bank & Japan’s Central Bank Partner for Blockchain Research News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32845/european-central-bank-ampamp-japanamprsquos-central-bank-partner-for-blockchain-research European Central Bank & Japan’s Central Bank agreed to launch a joint research project which studies the possible use of DLT for market infrastructure FinTech Mumbai and Tel Aviv are the rising financial centres as power shifts from the West, says Barclays chief News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32804/mumbai-and-tel-aviv-are-the-rising-financial-centres-as-power-shifts-from-the-west-says-barclays-chief India, Singapore or Israel could be the financial technology capital of the future FinTech ANZ has little time for robo-advice News Aggregation Team Thursday, December 01, 2016 12:00 am http://www.apbankers.net/article/32757/anz-has-little-time-for-robo-advice We have looked into robo-advice, and I do think there is a role for it now and in the future. FinTech MyState Bank launches enhanced Internet banking and mobile banking apps News Team Wednesday, November 30, 2016 12:00 am http://www.apbankers.net/article/32732/mystate-bank-launches-enhanced-internet-banking-and-mobile-banking-apps The launch was another major step in MyState’s ongoing digital transformation FinTech OurCrowd Opens Singapore Office, Appoints Denes Ban Managing Partner Asia News Team Tuesday, November 29, 2016 12:00 am http://www.apbankers.net/article/32720/ourcrowd-opens-singapore-office-appoints-denes-ban-managing-partner-asia OurCrowd also partnered with UOB and KPMG to organize a pitch fever session at the Festival for entrepreneurs, corporate partners and investors. FinTech Brunei's largest bank signs deal with Ramco News Team Monday, November 28, 2016 12:00 am http://www.apbankers.net/article/32708/bruneiamp039s-largest-bank-signs-deal-with-ramco The partnership marks Ramco's entry into Brunei and strengthening of presence in South East Asia. FinTech Asian, African Banks are attacked using zero-day vulnerability News Aggregation Team Thursday, November 24, 2016 12:00 am http://www.apbankers.net/article/32680/asian-african-banks-are-attacked-using-zero-day-vulnerability The total number of InPage users is almost 2 million worldwide. FinTech ME Bank launches new internet banking service with Sandstone Technology News Aggregation Team Wednesday, November 23, 2016 12:00 am http://www.apbankers.net/article/32635/me-bank-launches-new-internet-banking-service-with-sandstone-technology As a Digital bank, ME has to deliver a great online experience FinTech CBRE’s Santos to form new agency with Knight Frank News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32839/cbreamprsquos-santos-to-form-new-agency-with-knight-frank The real estate veteran said the new brand would help his existing real estate business grow even further. Alternative Investments China one step closer to investing up to $290 bln in pension funds in markets News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32841/china-one-step-closer-to-investing-up-to-290-bln-in-pension-funds-in-markets But initial investment would be limited in the short-term and is not expected to have a significant impact on the stock market. Alternative Investments Bain, CDPQ Rush to Help Lenders Clear $120 Billion Bad Debt News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32844/bain-cdpq-rush-to-help-lenders-clear-120-billion-bad-debt Bain Capital Credit says policy makers have made changes that will allow investors like itself to buy distressed loans from banks and provide them liquidity. Alternative Investments Harrier Human Capital Acquires Australian Executive Search Firm News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32853/harrier-human-capital-acquires-australian-executive-search-firm Harrier delivers business improvement through human capital by providing recruitment, strategic HR consulting and recruitment process outsourcing across Australia and Asia Pacific. Alternative Investments AMP's China JV snaps up role in China pension fund investment spree News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32857/ampamp039s-china-jv-snaps-up-role-in-china-pension-fund-investment-spree The National Council for Social Security Fund (NCSSF) is in charge of managing the pension funds on behalf of provincial governments Alternative Investments NSSF appoints 21 external fund managers News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32860/nssf-appoints-21-external-fund-managers Established in 2000, the NSSF was initially formed to oversee the country’s supplementary pension Social Security Fund Alternative Investments Westpac and NAB lift rates on investors News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32823/westpac-and-nab-lift-rates-on-investors NAB also has $135bn of mortgages to owner-occupiers, ­according to the regulator’s most recent data, making it the fourth largest home loan lender by market share, just behind ANZ but well behind leaders Commonwealth Bank and Westpac. Alternative Investments London Stock Exchange Opens New Tech Hub in Sri Lanka News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32825/london-stock-exchange-opens-new-tech-hub-in-sri-lanka A new tech hub will be unveiled in Sri Lanka, helping solidify LSEG's position in the region. Alternative Investments E Fund HK Named 'Best Alternative Manager' News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32827/e-fund-hk-named-amp039best-alternative-manageramp039 E Fund HK is honoured to be conferred the Best Alternative Manager title from amongst various Chinese firms Alternative Investments New models needed for Hong Kong's new insurance game News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32829/new-models-needed-for-hong-kongamp039s-new-insurance-game The application of the principles has however resulted in some inconsistencies across these two product sectors, including the area of disclosure. Alternative Investments Saudi, UAE, Malaysia largest Islamic banking markets: EY Report News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32828/saudi-uae-malaysia-largest-islamic-banking-markets-ey-report The demand for a responsible, Sharia compliant financial system is huge Islamic Finance Trillions of dollars from Gulf to enter India through Islamic banking: ICIF News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32766/trillions-of-dollars-from-gulf-to-enter-india-through-islamic-banking-icif He said no amendments would be required in the existing Act for introduction of Islamic banking and a notification by the Centre would suffice. Islamic Finance SECP chairman inaugurates Islamic Financing facility centre in Rawalpindi News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32776/secp-chairman-inaugurates-islamic-financing-facility-centre-in-rawalpindi They will provide micro-financing to the customers at cheaper rate ranging between 20 to 25%, as against the prevalent market rates of 40 to 45%. Islamic Finance Government May Announce Islamic Banking Norms News Aggregation Team Tuesday, November 22, 2016 12:00 am http://www.apbankers.net/article/32621/government-may-announce-islamic-banking-norms Islamic banking is based on an interest free principle in line with Islam's ban on usury; RBI has proposed opening of 'Islamic window' in conventional banks Islamic Finance Mirae launches first-sharia compliant fund News Aggregation Team Tuesday, November 22, 2016 12:00 am http://www.apbankers.net/article/32628/mirae-launches-first-sharia-compliant-fund The Mirae Asset Islamic Asia Sector Leader Equity fund is the group’s first sharia-compliant product. Islamic Finance SME financing by Islamic banks News Aggregation Team Monday, November 21, 2016 12:00 am http://www.apbankers.net/article/32596/sme-financing-by-islamic-banks The conventional banking system has done little to satisfy the borrowing needs of SMEs, thereby making way for Islamic banks to fill the gap. Islamic Finance Central bank cuts SLR to 14 percent for Islamic banks News Aggregation Team Wednesday, November 16, 2016 12:00 am http://www.apbankers.net/article/32512/central-bank-cuts-slr-to-14-percent-for-islamic-banks But the sector still lacks some of the money market instruments available to conventional lenders. Islamic Finance China Islamic Bond Push Renews as Global-Focused Funds Quadruple News Aggregation Team Wednesday, November 09, 2016 12:00 am http://www.apbankers.net/article/32375/china-islamic-bond-push-renews-as-global-focused-funds-quadruple Sichuan Development Financial Leasing Co. plans to sell $300 million of Islamic bonds Islamic Finance Malaysia maintains global lead is Islamic capital market says Securities Commission Malaysia News Aggregation Team Tuesday, November 01, 2016 12:00 am http://www.apbankers.net/article/32194/malaysia-maintains-global-lead-is-islamic-capital-market-says-securities-commission-malaysia The SC will continue its efforts towards greater internationalisation of the ICM, particularly the fund and wealth management segment. Islamic Finance 5 Minda coops' assets hike from P1M to P10M News Aggregation Team Friday, October 28, 2016 12:00 am http://www.apbankers.net/article/32128/5-minda-coopsamp039-assets-hike-from-p1m-to-p10m Islamic Micro Finance is one of the current projects of Al Qalam Institute. Islamic Finance SMBC eyes Mexican expansion focused on lending, leasing News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32816/smbc-eyes-mexican-expansion-focused-on-lending-leasing Japanese banks expect no slowdown there despite Trump election win Investment Banking Macquarie Group's deal pipeline in focus News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32793/macquarie-groupamp039s-deal-pipeline-in-focus What is focusing the minds of investors and analysts is that Macquarie-led groups have been labelled the front-runners in two large auctions in Britain. Investment Banking SBI merger with its associates to result in consolidation of GCC operations News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32798/sbi-merger-with-its-associates-to-result-in-consolidation-of-gcc-operations The detailed merger plan, including financial implications, are being vetted by the Reserve Bank of India Investment Banking Economists divided on rates direction News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32780/economists-divided-on-rates-direction But not everyone holds that view. Investment Banking Today, Westpac Banking Corp. Upgrade to hold at The Zacks Investment Research News Aggregation Team Monday, November 28, 2016 12:00 am http://www.apbankers.net/article/32692/today-westpac-banking-corp-upgrade-to-hold-at-the-zacks-investment-research The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investment Banking Australian banks admit to Malaysia currency cartel, pay fines News Aggregation Team Sunday, November 27, 2016 12:00 am http://www.apbankers.net/article/32699/australian-banks-admit-to-malaysia-currency-cartel-pay-fines The admission may provide further ammunition for a recent Malaysian government crackdown on foreign banks Investment Banking Corrected - Malaysia's Maybank Q3 profit falls 5.4 pct on tax charges News Aggregation Team Friday, November 25, 2016 12:00 am http://www.apbankers.net/article/32683/corrected-malaysiaamp039s-maybank-q3-profit-falls-54-pct-on-tax-charges Net interest income for the quarter declined 2.4 percent to 2.83 billion ringgit. Investment Banking BNP Paribas completes acquisition of Sharekhan News Aggregation Team Friday, November 25, 2016 12:00 am http://www.apbankers.net/article/32685/bnp-paribas-completes-acquisition-of-sharekhan Sharekhan has become a subsidiary of BNP Paribas Investment Banking OCBC establishes US$10b global covered bond programme News Aggregation Team Thursday, November 24, 2016 12:00 am http://www.apbankers.net/article/32673/ocbc-establishes-us10b-global-covered-bond-programme Net proceeds from the issue of each tranche will be used by OCBC for general corporate purposes. Investment Banking Which Singapore bank will be hit the hardest by USD strength? News Aggregation Team Thursday, November 24, 2016 12:00 am http://www.apbankers.net/article/32674/which-singapore-bank-will-be-hit-the-hardest-by-usd-strength We assume there are no major systemic risks in the financial system. Investment Banking Singapore stresses under a wealth of worries News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32833/singapore-stresses-under-a-wealth-of-worries The Lion City is heading for a recession, or two straight quarters of economic contraction, after the trade-reliant economy shrank 2% in the July-September quarter. Overall this year, the government reckons growth will be no faster than 1.5%. InvestmentView AMP’s Craig Meller under pressure as execs go News Aggregation Team Wednesday, November 30, 2016 12:00 am http://www.apbankers.net/article/32735/ampamprsquos-craig-meller-under-pressure-as-execs-go A surge in life insurance claims forced the company to reveal $1.2 billion worth of losses and writedowns last month, sharply increasing the pressure on Mr Meller to lift cashflows across the group. InvestmentView Standard Life Investments - On the reflation runway? News Team Wednesday, November 30, 2016 12:00 am http://www.apbankers.net/article/32733/standard-life-investments-on-the-reflation-runway Our forecasts reflect this optical improvement, with developed market price growth expected to accelerate to 1.7% next year. Does this mean that we are at the end of the lowflation scare? InvestmentView Philippines good at frustrating foreign investors – MAP News Aggregation Team Tuesday, November 29, 2016 12:00 am http://www.apbankers.net/article/32710/philippines-good-at-frustrating-foreign-investors-ampndash-map MAP official lauded the current administration’s effort to relax constitutional restriction on foreign investments InvestmentView Prem Watsa­owned Fairfax Financial Holdings close to picking up controlling stake in Catholic Syrian Bank News Aggregation Team Tuesday, November 29, 2016 12:00 am http://www.apbankers.net/article/32711/premampnbspwatsaampshyownedampnbspfairfaxampnbspfinancial-holdingsampnbspcloseampnbsptoampnbsppickingampnbspupampnbspcontrolling-stakeampnbspinampnbspcatholicampnbspsyrianampnbspbank The sources cited said Fairfax is likely to have 15% voting rights in CSB.  InvestmentView IE Singapore-UOB join hands to help local firms in trade and internationalisation News Aggregation Team Thursday, November 24, 2016 12:00 am http://www.apbankers.net/article/32677/ie-singapore-uob-join-hands-to-help-local-firms-in-trade-and-internationalisation It taps on the rising potential of Asean, where intra-regional trade almost doubled to US$600 billion (S$854.1 billion) in 2015. InvestmentView Wealth management is and always has been a relationship business News Team Tuesday, November 15, 2016 12:00 am http://www.apbankers.net/article/32499/wealth-management-is-and-always-has-been-a-relationship-business Honest, profound and thought-provoking InvestmentView Suncorp CFO says financial services disenfranchised News Aggregation Team Friday, November 11, 2016 12:00 am http://www.apbankers.net/article/32426/suncorp-cfo-says-financial-services-disenfranchised Do you think disruptors, start-ups and entrepreneurs factor political uncertainty into their risk appetite? InvestmentView Wealth management industry is ripe for disruption by Craig Hanna Craig Hanna Tuesday, October 11, 2016 12:00 am http://www.apbankers.net/article/31817/wealth-management-industry-is-ripe-for-disruption-by-craig-hanna It’s widely accepted, in both technology and financial services circles, that the wealth management sector lags behind other financial services sectors when it comes to embracing Fintech and Innovation. But now it’s becoming urgent. InvestmentView Swiss Bank That ’Discovered’ U.S. Picks China Over Weak Europe News Aggregation Team Monday, October 10, 2016 12:00 am http://www.apbankers.net/article/31766/swiss-bank-that-amprsquodiscoveredamprsquo-us-picks-china-over-weak-europe Europe is facing at least another decade of ultra low interest rates InvestmentView Chinese investors seek permission to acquire indirect holding in Croatia's Vaba Banka News Aggregation Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32834/chinese-investors-seek-permission-to-acquire-indirect-holding-in-croatiaamp039s-vaba-banka Via this transaction, the Chinese firms have become indirect shareholders in Vaba Banka. Retail Banking India's SBI to bolster operations in GCC News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32802/indiaamp039s-sbi-to-bolster-operations-in-gcc SBI already has one branch in Muscat, two in Bahrain and one in Jeddah. Retail Banking JMR Infotech bags 1 year core banking managed services deal from Myanma Apex Bank News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32815/jmr-infotech-bags-1-year-core-banking-managed-services-deal-from-myanma-apex-bank JMR brings superior expertise in running, managing and growing the technology landscape at top banks and financial service organizations. Retail Banking China banking giant offers SME matchmaking News Team Wednesday, November 30, 2016 12:00 am http://www.apbankers.net/article/32742/china-banking-giant-offers-sme-matchmaking BOC’s matchmaking service overturns the traditional mode for inviting investments but adopts an innovative one-to-one or one-to-more negotiation and connection. Retail Banking All bank ATMs will be recalibrated by Nov. 30 News Aggregation Team Monday, November 28, 2016 12:00 am http://www.apbankers.net/article/32695/all-bank-atms-will-be-recalibrated-by-nov-30 An industry official said more than 60 per cent of teller machines have been recalibrated to dispense new notes. Retail Banking Making P2P firm globally respected News Aggregation Team Monday, November 28, 2016 12:00 am http://www.apbankers.net/article/32709/making-p2p-firm-globally-respected His determination to take CreditEase global stems from his education and working background. Retail Banking ICICI Bank UK PLC Launches 'Money2India Europe' in Sweden, Norway and Denmark News Team Monday, November 21, 2016 12:00 am http://www.apbankers.net/article/32604/icici-bank-uk-plc-launches-amp039money2india-europeamp039-in-sweden-norway-and-denmark It is completely online and can be completedwithin 5 minutes. Retail Banking Citi’s Australian bank branches go cashless News Aggregation Team Wednesday, November 16, 2016 12:00 am http://www.apbankers.net/article/32510/citiamprsquos-australian-bank-branches-go-cashless Citi’s six branches in Australia will no longer hold cash. Retail Banking BBL, Al Baraka Bank (Pakistan) merge operations News Aggregation Team Thursday, November 10, 2016 12:00 am http://www.apbankers.net/article/32397/bbl-al-baraka-bank-pakistan-merge-operations The merger between ABPL & BBL is part of the group's strategy to expand its reach in Pakistan and strengthen the global footprint of Islamic Finance Retail Banking ICICI Bank to waive off ATM transaction charges till month end among other measures News Aggregation Team Thursday, November 10, 2016 12:00 am http://www.apbankers.net/article/32399/icici-bank-to-waive-off-atm-transaction-charges-till-month-end-among-other-measures ICICI Bank has come out with measures to help customers exchange the demonetized notes at its branches across the country Retail Banking BRICS nations vow to automatic sharing of tax information News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32838/brics-nations-vow-to-automatic-sharing-of-tax-information The 5-nation bloc expressed their continued support to all international initiatives towards reaching a globally fair and universally transparent tax system. Tax Protocol Of Singapore-Russia Avoidance Of Double Taxation Agreement Enter Into Force News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32843/protocol-of-singapore-russia-avoidance-of-double-taxation-agreement-enter-into-force The changes are expected to enhance trade and investment flows between the two countries Tax 182 Pakistanis named in Panama leaks untraceable News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32859/182-pakistanis-named-in-panama-leaks-untraceable Intelligence and Investigation Directorate is struggling to ascertain exact identities of some 182 of these Pakistanis Tax Cayman Islands: Common Reporting Standard: Implementation In Asia News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32812/cayman-islands-common-reporting-standard-implementation-in-asia This information will then be exchanged amongst the participating jurisdictions. Tax Indonesia's Richest Take Advantage Of Amnesty News Aggregation Team Friday, December 02, 2016 12:00 am http://www.apbankers.net/article/32763/indonesiaamp039s-richest-take-advantage-of-amnesty Among the most notable participants were a number of Indonesian rich-listers. Tax Tax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economies News Team Wednesday, November 30, 2016 12:00 am http://www.apbankers.net/article/32734/tax-revenues-continue-to-rise-but-scope-remains-for-increased-tax-mobilisation-in-emerging-southeast-asian-economies Levels of tax revenues among the six Asian countries ranged from 12.2% of GDP in Indonesia to 32% in Japan in 2014. The tax-to-GDP ratio in Japan, Korea, the Philippines and Singapore increased while it decreased slightly in Indonesia and Malaysia in 2014 Tax Cabinet nod to revise India-New Zealand double tax avoidance pact News Aggregation Team Thursday, November 24, 2016 12:00 am http://www.apbankers.net/article/32660/cabinet-nod-to-revise-india-new-zealand-double-tax-avoidance-pact The Convention between India and New Zealand came into force on December 3, 1986. It was amended in 1997 through a first protocol and in 2000 through a second protocol. Tax Indian Swiss bank account holders may shift to other tax havens News Aggregation Team Wednesday, November 23, 2016 12:00 am http://www.apbankers.net/article/32642/indian-swiss-bank-account-holders-may-shift-to-other-tax-havens Switzerland has to share bank details from 2018 which gives most account holders enough time to plan their move to another tax haven Tax AIF norms: Sebi panel led by Narayana Murthy submits second report News Aggregation Team Friday, November 18, 2016 12:00 am http://www.apbankers.net/article/32569/aif-norms-sebi-panel-led-by-narayana-murthy-submits-second-report Report follows up on several of the key recommendations that were submitted the first time around Tax FEC approves bilateral tax agreement between Nigeria, Singapore News Aggregation Team Thursday, November 17, 2016 12:00 am http://www.apbankers.net/article/32552/fec-approves-bilateral-tax-agreement-between-nigeria-singapore She said it would succeed by ensuring that nationals or enterprises were not taxed twice on income or profits derived from each of the countries. Tax Salary Increase and Bonuses Growth Expected to Slow News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32837/salary-increase-and-bonuses-growth-expected-to-slow Singapore is set to increase pay by 3.5%, but its deflation will mean higher growth in real wage when compared to Hong Kong and Mainland China. Comment, Analysis & Research Singapore stresses under a wealth of worries News Aggregation Team Thursday, December 08, 2016 12:00 am http://www.apbankers.net/article/32849/singapore-stresses-under-a-wealth-of-worries Prime minister Lee Hsien Loong admits low growth may be the "new normal". Comment, Analysis & Research Standard & Poor’s raises MyState Bank rating News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32831/standard-ampamp-pooramprsquos-raises-mystate-bank-rating In its report, S&P noted that “Tasmania-based MyState Bank’s continuing evolution of its risk management practices in recent years has resulted in an improved risk profile for the bank” Comment, Analysis & Research Quiet strength - Standard Life Investments News Team Wednesday, December 07, 2016 12:00 am http://www.apbankers.net/article/32832/quiet-strength-standard-life-investments Event- driven risk remains an issue however; the failed Italian referendum increases uncertainty around Italian reforms and could impact Eurozone confidence going forward. Comment, Analysis & Research China’s overseas investment portfolio reaches US$312 billion News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32803/chinaamprsquos-overseas-investment-portfolio-reaches-us312-billion The US remained the top investment destination Comment, Analysis & Research What's Behind the Rise of Hongkong's Boutique Banking Firms? News Aggregation Team Monday, December 05, 2016 12:00 am http://www.apbankers.net/article/32810/whatamp039s-behind-the-rise-of-hongkongamp039s-boutique-banking-firms From Hong Kong to London, industry superstars disenchanted by red tape and cost-cutting are leaving big name institutions to set up more nimble companies – and taking their loyal clientele with them Comment, Analysis & Research Hedge funds must keep up with investor demands News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32784/hedge-funds-must-keep-up-with-investor-demands The 10th annual survey found growth has slowed for various reasons, including the abundance of low-fee passive investment options, the lacklustre performance of hedge funds and cost concerns. Comment, Analysis & Research Hong Kong in danger of losing its renowned entrepreneurial spirit News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32788/hong-kong-in-danger-of-losing-its-renowned-entrepreneurial-spirit Hong Kong talks up an impressive public relations about helping start up Comment, Analysis & Research Lack of opportunities in PH real estate hamper foreign capital entry News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32789/lack-of-opportunities-in-ph-real-estate-hamper-foreign-capital-entry Philippines “continues to appeal to foreign investors Comment, Analysis & Research Just over half of HNWI assets are in discretionary mandates News Aggregation Team Sunday, December 04, 2016 12:00 am http://www.apbankers.net/article/32794/just-over-half-of-hnwi-assets-are-in-discretionary-mandates Verdict Financial’s research shows that discretionary portfolio managers will experience competition from digital providers, which have traditionally been conceived as appealing mostly to self-directed investors. Comment, Analysis & Research