The Asia Pacific Banking News Network http://www.apbankers.net/ Wed, 01 Apr 2015 21:13:28 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Montreal bank expects closer links with Asia's wealthy News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20323/montreal-bank-expects-closer-links-with-asiaamp039s-wealthy As Singapore and Canada mark 50 years of diplomatic relations, the Bank of Montreal expects closer links between Asia's wealthy investors and Canada's established private banking sector. Wealth and Asset Management Rich Insights: Michel Longhini, UBP’s Chief Of Private Banking News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20334/rich-insights-michel-longhini-ubpamprsquos-chief-of-private-banking Wealth-X speaks with Union Bancaire Privée about buying the ex-UK business of The Queen's Bank, Coutts Wealth and Asset Management Citigroup Targets 10% Jump in Asian Wealth-Management Assets News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20335/citigroup-targets-10-jump-in-asian-wealth-management-assets Citigroup Inc. is targeting a 10 percent increase in its Asian wealth assets Wealth and Asset Management Legg Mason appoints custodian News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20292/legg-mason-appoints-custodian Legg Mason Australia has appointed RBC Investor & Treasury Services as its custodian and administrator Wealth and Asset Management The Watch Fund is nominated against HSBC for WealthBriefingAsia Singapore Awards 2015 News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20322/the-watch-fund-is-nominated-against-hsbc-for-wealthbriefingasia-singapore-awards-2015 The HK and Singapore-based investment structure The Watch Fund is officially nominated for the category "Best Alternative Investment Manager" at the renowned WealthBriefingAsia Singapore Awards 2015. Previous winners of the award -- which is ini Wealth and Asset Management Everbright Bank gets nod from board to split off wealth-management unit News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20225/everbright-bank-gets-nod-from-board-to-split-off-wealth-management-unit China Everbright Bank Co has got internal approval to shift its wealth-management business into a separate unit, possibly leading the way in asset split-offs by Chinese lenders. Wealth and Asset Management Asian investors must embrace multi-asset solutions News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20232/asian-investors-must-embrace-multi-asset-solutions Manulife Asset Management believes multi-asset solutions, which the firm now offers in most of its Asian operations, are a powerful tool for addressing the need for asset allocation among Asian households Wealth and Asset Management RBS confirms Coutts International sale to UBP News Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20235/rbs-confirms-coutts-international-sale-to-ubp The sale, which follows RBS ' decision to create a UK-focussed bank, includes business managed from the Middle East, Switzerland, Monaco, Singapore and Hong Kong, and assets under management of over CHF 30 billion. Wealth and Asset Management Find out why 1MDB’s RM4 billion parked in Singapore bank, says veteran journalist News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20221/find-out-why-1mdbamprsquos-rm4-billion-parked-in-singapore-bank-says-veteran-journalist The investigation into troubled 1Malaysia Development Berhad (1MDB) should begin its decision to park RM4 billion in a small private bank in Singapore that has also suffered millions of dollars in losses Wealth and Asset Management ‘StanChart should move to Asia from UK on rising costs’ News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20222/amplsquostanchart-should-move-to-asia-from-uk-on-rising-costsamprsquo Standard Chartered should relocate to Asia as the expense of being based in London has become punitive after the UK raised its bank levy an eighth time Wealth and Asset Management China Universal founder said to resign News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20310/china-universal-founder-said-to-resign Mr. Lin is said to have established his own private equity venture Executive Moves IRESS appoints new CFO News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20324/iress-appoints-new-cfo It follows the retirement of previous chief financial officer, Stu Bland, who leaves IRESS from October 2015. Executive Moves Chief executive steps down at AWI News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20326/chief-executive-steps-down-at-awi Clitheroe said AWI has growing and profitable revenue streams and will focus on its core digital properties. Executive Moves BNP Paribas names wealth management CEO in Singapore News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20332/bnp-paribas-names-wealth-management-ceo-in-singapore The three positions will all be based in Singapore Executive Moves Why John Stewart is giving away the investment banking game to run a tech start-up News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20269/why-john-stewart-is-giving-away-the-investment-banking-game-to-run-a-tech-start-up For a man who was a key figure at one of Silicon Valley's top investment banks during the first dotcom crash, John Stewart is remarkably calm about leaving his plush corporate job to join an Australian tech start-up. Executive Moves Deutsche Bank's Asia ECM Head to Join Bank of America Merrill Lynch News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20296/deutsche-bankamp039s-asia-ecm-head-to-join-bank-of-america-merrill-lynch He will stay in Hong Kong for about a year for the newly created position with the U.S. bank and will then move to London, the person said. Executive Moves Three investment bankers leave Jefferies News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20300/three-investment-bankers-leave-jefferies Three investment bankers left Jefferies Executive Moves Former CEO of Centric Wealth resurfaces News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20238/former-ceo-of-centric-wealth-resurfaces He left Centric Wealth nine months ago following its sale and his been cycling around Ireland and spending time with family before signing up to the current role. Executive Moves QIC executive departs for Middle Eastern sovereign wealth fund News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20255/qic-executive-departs-for-middle-eastern-sovereign-wealth-fund QIC's head of investment performance and risk has left the company to manage a sovereign wealth fund in the Middle East Executive Moves AXA Direct appoints CEO News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20256/axa-direct-appoints-ceo In 2007, he led the acquisition of Kyobo Auto Executive Moves Global law firm Hogan Lovells the latest on Australian soil in pursuit of Asian growth News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20308/global-law-firm-hogan-lovells-the-latest-on-australian-soil-in-pursuit-of-asian-growth The firm has watched the Australian market, waiting for the right opportunity Legal, Regulation & Compliance FSC hails register a step towards profession status News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20328/fsc-hails-register-a-step-towards-profession-status The Financial Services Council welcomed the ASIC national register of advisers. Legal, Regulation & Compliance ASIC bans Commonwealth Financial Planning employee News Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20329/asic-bans-commonwealth-financial-planning-employee ASIC has banned Commonwealth Financial Planning employee Rebecca Locksley from providing financial services for 18 months, after finding she created false documents for client files. Legal, Regulation & Compliance China Relaxes Offshore Investment for Insurance Funds News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20331/china-relaxes-offshore-investment-for-insurance-funds China's insurance regulator said that it would relax controls on offshore stock and bond investments by domestic insurers. Legal, Regulation & Compliance Backlash against plan to dump dividend imputation system News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20272/backlash-against-plan-to-dump-dividend-imputation-system Fund managers have slammed a potential push to scrap or scale back Australia’s dividend imputation system, saying it would send Australia back to ‘‘banana republic days’’ and fuel corporate waste. Legal, Regulation & Compliance ICBC, Citic, PICC agree: regulate asset management News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20278/icbc-citic-picc-agree-regulate-asset-management China's asset management free-for-all harbours risks which need to be tackled with new rules Legal, Regulation & Compliance FSC approves establishment of financial security agency News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20293/fsc-approves-establishment-of-financial-security-agency It will break down information barriers among the sectors and integrate their information sharing and analysis functions Legal, Regulation & Compliance BoE stress tests to focus on Asia and the eurozone News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20297/boe-stress-tests-to-focus-on-asia-and-the-eurozone This year’s test includes shocks such as a contraction of more than 2 per cent in the eurozone economy Legal, Regulation & Compliance New Afghanistan banking law may jump-start Islamic finance News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20303/new-afghanistan-banking-law-may-jump-start-islamic-finance Afghanistan could have a new banking law approved by parliament in a few months including provisions for Islamic products Legal, Regulation & Compliance Lawyer charged with conspiracy to cheat bank of mortgage loans News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20304/lawyer-charged-with-conspiracy-to-cheat-bank-of-mortgage-loans A lawyer was hauled to court on Tuesday for his role in a housing loan scam Legal, Regulation & Compliance Lonsec launches product rating tools for advisers News Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20327/lonsec-launches-product-rating-tools-for-advisers Government and regulators have reshaped remuneration practices BankTech Avaloq, DBS, Leonteq and Numerix Join Forces to Create Innovative Platform for Structured Products News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20306/avaloq-dbs-leonteq-and-numerix-join-forces-to-create-innovative-platform-for-structured-products Avaloq, DBS, Leonteq and Numerix have signed a letter of intent for the implementation of an integrated multi-issuer investment products distribution system BankTech UAE central bank partners with China's UnionPay News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20273/uae-central-bank-partners-with-chinaamp039s-unionpay The deal was inked by deputy governor of the UAE Central Bank Mohammed Ali Bin Zayed Al-Falasi and China UnionPay President Shi Wenchao. BankTech ANZ Bank to launch GoMoney Wallet with NFC based payments for Android in July News Aggregation Team Friday, March 27, 2015 12:00 am http://www.apbankers.net/article/20204/anz-bank-to-launch-gomoney-wallet-with-nfc-based-payments-for-android-in-july The use of HCE to make the NFC transaction obviously removes the need for a sticker or seperate case, and paired with the ANZ GoMoney app and strong encryption, means your transaction will be secure. BankTech ANZ Receives Celent Model Bank Award News Team Friday, March 27, 2015 12:00 am http://www.apbankers.net/article/20214/anz-receives-celent-model-bank-award ANZ Receives Industry Honor for Implementing a Payments Solution to Complement Regional Expansion BankTech Bloomberg PolarLake Launches in Asia and Australia News Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20166/bloomberg-polarlake-launches-in-asia-and-australia Bloomberg LP acquired Dublin-based software provider PolarLake in 2012 BankTech Australian digital economy valued at $79b News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20129/australian-digital-economy-valued-at-79b Deloitte Access Economics conducted the second of its Connected Continent reports, having been commissioned by Google to follow up on an earlier assessment of the local digital economy in 2011. BankTech Banks prepare for ’disruption’ in business banking News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20156/banks-prepare-for-amprsquodisruptionamprsquo-in-business-banking Most of the “disruption” threat to the big four banks’ annual $30 billion profit pie has been in retail banking products such as personal loans and the payments space. BankTech Shrewd Smiles as Online Bankers Test New Tech News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20185/shrewd-smiles-as-online-bankers-test-new-tech Alibaba is betting on biometrics as the next step for secure online financial transactions and bank account business BankTech SINGAPORE sovereign wealth fund and Brigade JV buy site in Bangalore to develop it into IT special economic zone News Aggregation Team Tuesday, March 24, 2015 12:00 am http://www.apbankers.net/article/20121/singapore-sovereign-wealth-fund-and-brigade-jv-buy-site-in-bangalore-to-develop-it-into-it-special-economic-zone The joint venture, Brigade Properties Pvt Ltd, has acquired 100 per cent of Brooke Bond Real Estate Pvt Ltd - which owns the Whitefield property - from Hindustan Unilever Ltd. BankTech Baring PE Asia closes first real estate fund News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20312/baring-pe-asia-closes-first-real-estate-fund Baring Private Equity Asia's property fund will focus on Korea, the Philippines and Malaysia. The new fund illustrates investor caution as well as a desire amongst others to profit from Asia's property opportunities. Alternative Investments Singapore­ based asset manager launches RQFII funds to tap A­share market News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20313/singaporeampshy-based-asset-manager-launches-rqfii-funds-to-tap-aampshyshare-market The asset manager has used its Rmb1 billion RQFII quota to launch three China­focused funds in Singapore. The funds focus on either A shares, fixed income, or a combination of the two Alternative Investments Frontier markets make their case for foreign funding News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20316/frontier-markets-make-their-case-for-foreign-funding As frontier countries increasingly target foreign direct investment and offer similar financial incentives, their need to advertise other economic attractions has been highlighted at a conference in Hong Kong Alternative Investments BLS plans to launch more fund products News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20317/bls-plans-to-launch-more-fund-products Bualuang Securities plans to roll out more fund management products in a few months to counter fiercer competition in the shrinking stock market. Alternative Investments HK hedge funds' AUM surges to all­time high News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20280/hk-hedge-fundsamp039-aum-surges-to-allampshytime-high New survey by city's securities regulator highlights hedge funds' shift to equity­focused strategies and a greater focus on China. And investors in Hong Kong and the Americas are rising in importance for funding. Alternative Investments Managers call for expansion of Ucits investor base News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20284/managers-call-for-expansion-of-ucits-investor-base Reform of Ucits rules in Europe would allow more sales of direct lending and other credit products to Asia investors Alternative Investments RWC Nissay Japan Focus raises $40m at launch News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20287/rwc-nissay-japan-focus-raises-40m-at-launch RWC also confirms the newly launched fund will be registered in the major European jurisdictions with the appropriate tax requirements. Alternative Investments MYOB eyes AU$2.3b valuation after filing for IPO News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20289/myob-eyes-au23b-valuation-after-filing-for-ipo Summary:Australian cloud accounting software provider MYOB is moving to return to public ownership after almost six years in private hands, on Tuesday filing its prospectus for an IPO on the ASX. Alternative Investments Germany Vows to Uphold its Status as the Preferred Destination for Offshore Chinese Trading News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20291/germany-vows-to-uphold-its-status-as-the-preferred-destination-for-offshore-chinese-trading A new partnership between Chinese banking giant, China Construction Bank, and German trading venue, Deutsche Borse, strengthens ties between the two nations as they develop trade and commerce Alternative Investments BlackRock clarifies it has accepted Keppel Corp's offer News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20301/blackrock-clarifies-it-has-accepted-keppel-corpamp039s-offer BT had earlier reported that market watchers believed BlackRock's sale of the 37.3 million Keppel Land shares at S$4.38 to be its tendering of its acceptances, despite some slight discrepancy in the numbers when tallied. Alternative Investments Japan looks for growth and influence from Islamic finance boom News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20309/japan-looks-for-growth-and-influence-from-islamic-finance-boom This is one way for both government and industry to forge closer economic and capital market ties Islamic Finance Bank Islam Brunei Darussalam Named Best Retail Bank In 2015 News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20258/bank-islam-brunei-darussalam-named-best-retail-bank-in-2015 Bank Islam Brunei Darussalam , the largest Islamic Bank in Brunei Darussalam was awarded as “Best Retail Bank in Brunei” in 2015 Islamic Finance HSBC's Islamic banking unit raises 137 million pounds in Malaysia sukuk sale News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20189/hsbcamp039s-islamic-banking-unit-raises-137-million-pounds-in-malaysia-sukuk-sale The sale is the third tranche of the lender's overall 3 billion ringgit sukuk programme Islamic Finance Elevating Intellectual Distinction in Islamic Wealth Management News Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20191/elevating-intellectual-distinction-in-islamic-wealth-management Industry experts and academics set out to share their expertise and knowledge at the 2nd Conference on Islamic Wealth Management and Financial Planning 2015 Islamic Finance Takaful Operators Should Understand Opportunities In ASEAN News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20137/takaful-operators-should-understand-opportunities-in-asean Malaysian corporates including takaful operators should further understand the opportunities in ASEAN Islamic Finance Did PM Modi stop SBI from launching Islamic fund? News Aggregation Team Sunday, March 22, 2015 12:00 am http://www.apbankers.net/article/20073/did-pm-modi-stop-sbi-from-launching-islamic-fund The main difference between Islamic banking and conventional banking are mainly on two accounts: Islamic Finance Bangladesh Approves Islamic Instruments News Aggregation Team Sunday, March 22, 2015 12:00 am http://www.apbankers.net/article/20075/bangladesh-approves-islamic-instruments Prof Islam added that in order to guarantee success of the new bond, the government must establish a monitoring and advisory committee Islamic Finance Malaysia's Prasarana raises 2 bln rgt via sukuk News Aggregation Team Friday, March 20, 2015 12:00 am http://www.apbankers.net/article/20056/malaysiaamp039s-prasarana-raises-2-bln-rgt-via-sukuk State-owned Syarikat Prasarana Negara Bhd has raised 2 billion ringgit ($545 million) from Islamic bonds or sukuk Islamic Finance Japan's JICA to start work on Jordan's debut sukuk News Aggregation Team Friday, March 20, 2015 12:00 am http://www.apbankers.net/article/20057/japanamp039s-jica-to-start-work-on-jordanamp039s-debut-sukuk The Japan International Cooperation Agency and the government of Jordan will begin work in the coming weeks on a debut issuance of Islamic bonds Islamic Finance ARMM seeks to attract more financing institutions News Aggregation Team Thursday, March 19, 2015 12:00 am http://www.apbankers.net/article/20016/armm-seeks-to-attract-more-financing-institutions With increasing interest on the Autonomous Region in Muslim Mindanao and the prospect of the Bangsamoro political entity, Islamic Finance Backgrounder: Chronology of Asian Infrastructure Investment Bank News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20319/backgrounder-chronology-of-asian-infrastructure-investment-bank The March 31 deadline for countries to apply to become founding members of the Asian Infrastructure Investment Bank has arrived. Investment Banking Macquarie Group cuts banker jobs in Asia as deals dry up News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20290/macquarie-group-cuts-banker-jobs-in-asia-as-deals-dry-up Offshore press reports on Tuesday said Macquarie was preparing to shed 80 to 100 jobs in the region in a move that would almost halve its Asian investment banking unit. Investment Banking Japan not to join China-proposed Asian bank News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20299/japan-not-to-join-china-proposed-asian-bank March 31 was the deadline China set for countries to apply for founding membership of the AIIB it proposed in October 2014. Investment Banking Barclays keeps Philippine growth target despite political risks News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20264/barclays-keeps-philippine-growth-target-despite-political-risks Philippine economic growth should accelerate this year despite increasing political risks ahead of the 2016 polls Investment Banking China Won't Let North Korea Join Asian Infrastructure Investment Bank As US Rings Alarm About Lack Of Transparency News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20265/china-wonamp039t-let-north-korea-join-asian-infrastructure-investment-bank-as-us-rings-alarm-about-lack-of-transparency The snub has shocked North Korean leaders, who view China as a close economic ally, according to media reports. Investment Banking Japan expected to join Asian Infrastructure Investment Bank News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20266/japan-expected-to-join-asian-infrastructure-investment-bank Japan is likely to join the Asian Infrastructure Investment Bank within a few months Investment Banking Brazil says will join China-backed Asia investment bank News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20227/brazil-says-will-join-china-backed-asia-investment-bank The United States had warned against the new institution but its European allies Britain, France, Germany and Italy announced this month they would join the bank Investment Banking Hong Kong IPO crown safe for now, says Morgan Stanley News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20243/hong-kong-ipo-crown-safe-for-now-says-morgan-stanley Morgan Stanley seeks to tap the opportunities arising from the synergies between private wealth management and investment banking Investment Banking UK move to join china-led bank a surprise even to Beijing News Aggregation Team Friday, March 27, 2015 12:00 am http://www.apbankers.net/article/20202/uk-move-to-join-china-led-bank-a-surprise-even-to-beijing The UK Treasury had told Chinese officials it would not announce its application to join until March 17. Investment Banking UK government Green Bank to invest in Africa and India News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20174/uk-government-green-bank-to-invest-in-africa-and-india In 2014 the government announced plans for the bank help drive private sector renewables investment overseas, using part of its £3.87 billion international climate fund. Investment Banking ClearView predicts end of independent financial advice News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20325/clearview-predicts-end-of-independent-financial-advice ClearView was supportive of some aspects of Trowbridge InvestmentView Why China won’t eliminate foreign technology by 2020 News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20285/why-china-wonamprsquot-eliminate-foreign-technology-by-2020 Late last week, an interesting piece ran in Bloomberg about China’s plans to eliminate foreign technology from government agencies and key industries by 2020, mostly for security reasons. InvestmentView A Letter from Mumbai - In Search of 'Instant Gratification’ by Tom Becket News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20286/a-letter-from-mumbai-in-search-of-amp039instant-gratificationamprsquo-by-tom-becket The major subject of any discussion on India at this time is Mr Modi, the relatively new Prime Minister. Modi is trying to shatter the long trend of politicians around the world who promise much and deliver little InvestmentView Speech by SFST at Lipper Fund Awards Hong Kong 2015 presentation ceremony News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20288/speech-by-sfst-at-lipper-fund-awards-hong-kong-2015-presentation-ceremony Following is the speech by the Secretary for Financial Services and the Treasury, Professor K C Chan, at the Lipper Fund Awards Hong Kong 2015 presentation ceremony today (March 31) InvestmentView Barclays CEO: The Banking Sector Has Not Yet Felt the Full Disruptive Force of Technology, but It Will News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20298/barclays-ceo-the-banking-sector-has-not-yet-felt-the-full-disruptive-force-of-technology-but-it-will The Wall Street Journal reports that Wall Street is exploring innovative applications of digital currencies to mainstream banking and financial issues. InvestmentView Australia to push for new free trade deal with Gulf region News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20311/australia-to-push-for-new-free-trade-deal-with-gulf-region “The free trade agreement we want with the GCC would be comprehensive,” said Pablo Kang, Australia’s ambassador to the UAE. InvestmentView Moody's urges Vietnam to continue bank mergers News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20330/moodyamp039s-urges-vietnam-to-continue-bank-mergers VietNamNet Bridge – Moody's in a recent report said that enhancing merger of banks is a positive move to help eliminate small banks, including weak ones. InvestmentView Scandinavian bank sees S'pore as springboard News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20250/scandinavian-bank-sees-samp039pore-as-springboard She noted that SEB employs about 200 people in Asia, with about 100 in Singapore focusing on trade finance, foreign exchange, cash management and private banking. InvestmentView Why regulation may reset course for APAC banks News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20274/why-regulation-may-reset-course-for-apac-banks What factors may influence the credit quality of financial institutions this year? InvestmentView AIIB a means for China to achieve 'Belt and Road' News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20282/aiib-a-means-for-china-to-achieve-amp039belt-and-roadamp039 The term "Belt and Road" refers to the Silk Road Economic Belt and 21st-Century Maritime Silk Road initiatives raised by the Chinese president, Xi Jinping, during his state visit to Indonesia in 2013. InvestmentView BPI wins 11th Best Retail Bank recognition in Asian Banker awards News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20267/bpi-wins-11th-best-retail-bank-recognition-in-asian-banker-awards Bank of the Philippine Islands was named 2015 Best Retail Bank in the Philippines by The Asian Banker. Retail Banking Qatar National Bank to open its first branch in Vietnam News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20237/qatar-national-bank-to-open-its-first-branch-in-vietnam The branch will be followed by another one in the capital Hanoi “in the future”, the ambassador said. Retail Banking Alliance Bank grabs 'Best SME Bank' News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20223/alliance-bank-grabs-amp039best-sme-bankamp039 The bank's innovative programme, BizSmart Academy, also clinched the title of 'Best Retail Banking Brand Initiative' in Asia Pacific, Gulf region and Africa. Retail Banking Citigroup reportedly close to sale of Japan credit card unit News Aggregation Team Friday, March 27, 2015 12:00 am http://www.apbankers.net/article/20212/citigroup-reportedly-close-to-sale-of-japan-credit-card-unit Citigroup Inc. is in final talks to sell its Japanese credit card unit to Sumitomo Mitsui Trust Holdings Inc. for at least ¥40 billion Retail Banking Heavyweight Bank of Tokyo-Mitsubishi UFJ prepares its Yangon office for opening News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20147/heavyweight-bank-of-tokyo-mitsubishi-ufj-prepares-its-yangon-office-for-opening The Bank of Tokyo-Mitsubishi UFJ could officially open its branch office as soon as next month Retail Banking ANZ Bank Is Interested in RBS’s Asia-Pacific Assets News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20148/anz-bank-is-interested-in-rbsamprsquos-asia-pacific-assets Australia & New Zealand Banking Group Ltd. is interested in acquiring assets from Royal Bank of Scotland Group Plc as the U.K. lender cuts back its operations in the Asia-Pacific region. Retail Banking Asia Commercial Bank to launch ACB-JCB Credit / Debit Card in Vietnam News Aggregation Team Sunday, March 22, 2015 12:00 am http://www.apbankers.net/article/20083/asia-commercial-bank-to-launch-acb-jcb-credit-debit-card-in-vietnam ACB and JCBI, have launched ACB-JCB Credit and Debit Card to diversify the products to meet various demands of customers in Vietnam. Retail Banking OCBC targets China business after Wing Hang deal News Aggregation Team Sunday, March 22, 2015 12:00 am http://www.apbankers.net/article/20084/ocbc-targets-china-business-after-wing-hang-deal Singaporean lender looks to develop trade finance for mainland firms expanding into the region by building on local market knowledge Retail Banking Shinhan Bank Selected as Best Retail Bank in Korea News Aggregation Team Friday, March 20, 2015 12:00 am http://www.apbankers.net/article/20062/shinhan-bank-selected-as-best-retail-bank-in-korea The Asian Banker selects the best bank in each country every year after it analyzes financial results, including the market share of core products and risk in the retail banking sector, and non-financial results, including core strategy, products, and ser Retail Banking NDB adjudged ‘Best Bank in Sri Lanka’ News Aggregation Team Thursday, March 19, 2015 12:00 am http://www.apbankers.net/article/20019/ndb-adjudged-amplsquobest-bank-in-sri-lankaamprsquo This is the twenty-second year that the magazine has selected top banking performers in emerging markets. Retail Banking Super poses taxing questions News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20302/super-poses-taxing-questions The tax discussion paper makes it clear tax concessions in superannuation will be a core part of the review into the tax system. Tax Bitcoin A 'Threat' To Australia's Tax Collection System News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20295/bitcoin-a-amp039threatamp039-to-australiaamp039s-tax-collection-system A recently released discussion paper has found that Australia finds Bitcoin as becoming a threat to the country’s tax system. Tax Black money: Swiss banks seek fresh undertakings from Indians News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20220/black-money-swiss-banks-seek-fresh-undertakings-from-indians According to sources, HSBC has been asked by Indian authorities to show cause why action should not be initiated against it in case of non-cooperation with regard to "suspected tax evaders and offenders of tax crimes" Tax Banks say $11 billion tax bill is evidence they are 'paying their way' News Aggregation Team Friday, March 27, 2015 12:00 am http://www.apbankers.net/article/20215/banks-say-11-billion-tax-bill-is-evidence-they-are-amp039paying-their-wayamp039 Australian banks say they pay a significantly higher rate of corporate tax than their counterparts in the US, UK, Germany, Japan and Canada. Tax Govt Appoints Seven Banks To Help Customs Dept In GST Implementation News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20152/govt-appoints-seven-banks-to-help-customs-dept-in-gst-implementation Khazali said the banks had branches nationwide for efficient GST collection. Tax PwC bids to claw back lost Ponzi funds News Aggregation Team Monday, March 23, 2015 12:00 am http://www.apbankers.net/article/20091/pwc-bids-to-claw-back-lost-ponzi-funds The first of three test cases for the liquidator to claw back up to $3.8 million withdrawn from David Ross's massive Ponzi scheme has gone to court Tax China to reap Alibaba windfall as tightens up on tax News Aggregation Team Monday, March 23, 2015 12:00 am http://www.apbankers.net/article/20096/china-to-reap-alibaba-windfall-as-tightens-up-on-tax The total lock-up represents roughly 18 percent of Alibaba's shares, which if sold would fetch just over $37 billion at Friday's closing price. Tax China: Taxation Of Indirect Sales Of Chinese Investments News Aggregation Team Friday, March 20, 2015 12:00 am http://www.apbankers.net/article/20058/china-taxation-of-indirect-sales-of-chinese-investments China amends its tax rules on indirect transfers of Chinese investments Tax Hong Kong Gazettes Offshore Private Equity Tax Exemption News Aggregation Team Friday, March 20, 2015 12:00 am http://www.apbankers.net/article/20069/hong-kong-gazettes-offshore-private-equity-tax-exemption Hong Kong's Government has published in its Official Gazette the Inland Revenue (Amendment) Bill 2015, which would extend the profits tax exemption for offshore funds to private equity funds Tax Income tax department to take closer look at bank accounts, property or stocks abroad News Aggregation Team Thursday, March 19, 2015 12:00 am http://www.apbankers.net/article/20014/income-tax-department-to-take-closer-look-at-bank-accounts-property-or-stocks-abroad Next time, you will think twice before opening a bank account in Jersey or buying a property in London — even if the transaction is legitimate. Tax Korea Investment Corp. looking to add overseas offices in Asia, Middle East News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20200/korea-investment-corp-looking-to-add-overseas-offices-in-asia-middle-east Korea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East, said a senior KIC executive. Sovereign Wealth Norway's Biggest Wealth Fund Focuses to Buy Real Estate in Asia News Aggregation Team Monday, March 23, 2015 12:00 am http://www.apbankers.net/article/20100/norwayamp039s-biggest-wealth-fund-focuses-to-buy-real-estate-in-asia If we're really successful there, then maybe we can add a third and a fourth and a fifth city at some point Sovereign Wealth Wealth funds eye £2.5bn Center Parcs News Aggregation Team Sunday, March 15, 2015 12:00 am http://www.apbankers.net/article/19927/wealth-funds-eye-amppound25bn-center-parcs Blackstone, the American buyout group that has owned Center Parcs since 2006, has invited bids Sovereign Wealth China’s CIC Shifts Wealth Fund Focus to Emerging Markets News Aggregation Team Thursday, March 12, 2015 12:00 am http://www.apbankers.net/article/19858/chinaamprsquos-cic-shifts-wealth-fund-focus-to-emerging-markets China Investment Corp. executives will offer ‘package deals’ to create investment opportunities Sovereign Wealth Korean and Dubai SWFs pen landmark deal News Aggregation Team Monday, March 09, 2015 12:00 am http://www.apbankers.net/article/19767/korean-and-dubai-swfs-pen-landmark-deal The sovereign wealth funds of Korean and Dubai have signed an agreement that will see them jointly invest in opportunities around the world, in a rare case of two such institutions opting to directly team up. Sovereign Wealth Sovereign Islamic bond issued in HK generates wide response News Aggregation Team Monday, March 09, 2015 12:00 am http://www.apbankers.net/article/19770/sovereign-islamic-bond-issued-in-hk-generates-wide-response Qamar Zaman Minhas, chairman of the Islamic Community Fund of Hong Kong, had not expected that Hong Kong's first-ever issue of a sovereign Islamic bond, or sukuk, would generate such a strong market response Sovereign Wealth Oman, Brunei Sovereign Funds Partner In Aircraft Leasing News Aggregation Team Monday, March 09, 2015 12:00 am http://www.apbankers.net/article/19794/oman-brunei-sovereign-funds-partner-in-aircraft-leasing Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally. Sovereign Wealth The Rise of Asian Sovereign Wealth Funds by Nicholas Borst, Federal Reserve Bank of San Francisco News Team Friday, March 06, 2015 12:00 am http://www.apbankers.net/article/19746/the-rise-of-asian-sovereign-wealth-funds-by-nicholas-borst-federal-reserve-bank-of-san-francisco Spurred by the region’s rapid economic development, sovereign wealth funds in Asia have increased in both size and number over the past decade. Sovereign Wealth China Investment Corporation Restructured Direct Investment Strategy News Aggregation Team Friday, March 06, 2015 12:00 am http://www.apbankers.net/article/19747/china-investment-corporation-restructured-direct-investment-strategy The Asian sovereign wealth fundnplaced significant bets in Canadian oil sands, infrastructure, utilities and U.S. financials. Sovereign Wealth Dubai and South Korean sovereign wealth funds in landmark cooperation deal News Aggregation Team Thursday, March 05, 2015 12:00 am http://www.apbankers.net/article/19726/dubai-and-south-korean-sovereign-wealth-funds-in-landmark-cooperation-deal Investment Corporation of Dubai (ICD), the government investment group, has struck a landmark deal with the sovereign wealth fund of South Korea to cooperate on financial opportunities around the world Sovereign Wealth Nomura Institute of Capital Markets Research enhances Asia coverage through Singapore News Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20333/nomura-institute-of-capital-markets-research-enhances-asia-coverage-through-singapore Nomura, Asia’s global investment bank, today announced that Nomura Institute of Capital Markets Research will enhance the Group’s financial and capital markets research capabilities in Asia with a special focus on ASEAN countries. Research Societe Generale Private Banking And Forbes Insights Analyze Conditions For Global Wealth Creation News Aggregation Team Wednesday, April 01, 2015 12:00 am http://www.apbankers.net/article/20337/societe-generale-private-banking-and-forbes-insights-analyze-conditions-for-global-wealth-creation ​Based on the views of over 200 wealthy entrepreneurs around the world, the study asks whether they believe conditions are right for economic growth and for building and investing in their businesses and creating jobs. Research Do RMs lack pulling power? News Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20294/do-rms-lack-pulling-power The results show that only 19% of HNW clients would pursue their relationship manager if they moved to a different wealth management firm. Research ADGM to be model market by looking East News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20305/adgm-to-be-model-market-by-looking-east What emerged is an increasingly focused and self-confident project as it prepares to formally declare itself open this year. Research Montreal bank expects closer links with Asia's wealthy News Aggregation Team Tuesday, March 31, 2015 12:00 am http://www.apbankers.net/article/20307/montreal-bank-expects-closer-links-with-asiaamp039s-wealthy You'd want to root your private banking in centres that actually have all those attributes that clients want Research World Islamic Banking Competitiveness Report 2014-15 News Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20254/world-islamic-banking-competitiveness-report-2014-15 It explores how digital innovation is set to positively disrupt traditional banking models. Research Lyxor Weekly Brief: Asian L/S Equity Setting The Pace News Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20259/lyxor-weekly-brief-asian-ls-equity-setting-the-pace Hedge funds continue to climb higher, with the Lyxor HFI up 3.5% ytd (up to 24th March). Research Fund managers say dropping dividend imputation not the answer News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20262/fund-managers-say-dropping-dividend-imputation-not-the-answer Wilson Asset Management chairman Geoff Wilson, who supports a review of the 25-year-old system, said the change, which has been floated by the federal government, could trigger a big cut in dividends. Research Hinduja brothers, Lakshmi Mittal occupy top positions in UK's Asian Rich List News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20231/hinduja-brothers-lakshmi-mittal-occupy-top-positions-in-ukamp039s-asian-rich-list The net wealth of the top 101 in the Asian Rich List 2015 totals 54.48 billion pounds - a rise of 2.95 billion pounds over last year, with the Hinduja brothers and Lakshmi Mittal ranking number one and two. Research Bulk of wealth growth to come from 'new wealth builders', says report News Aggregation Team Sunday, March 29, 2015 12:00 am http://www.apbankers.net/article/20236/bulk-of-wealth-growth-to-come-from-amp039new-wealth-buildersamp039-says-report The amount of wealth this segment of the market is expected to generate over the next five years is substantial, if not unprecedented. Research Profit surges for insurer News Aggregation Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20240/profit-surges-for-insurer The property casualty insurance business saw premium growth slow to 13.8 percent Company Results Everbright Announces FY2014 Annual Results News Team Monday, March 30, 2015 12:00 am http://www.apbankers.net/article/20261/everbright-announces-fy2014-annual-results Net profit rises 90.1% to HK$2.56 billion AUM increases significantly, ventures into overseas M&As Company Results Aberdeen Asian Income Fund Lags Index In 2014 News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20161/aberdeen-asian-income-fund-lags-index-in-2014 Aberdeen Asian Income Fund Ltd, managed by Aberdeen Asset Management Asia Ltd, Wednesday said it trailed the MSCI All Country Asia Pacific ex-Japan Index in 2014 Company Results Bank of Queensland posts higher profits and loan growth, but still off pace of industry News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20171/bank-of-queensland-posts-higher-profits-and-loan-growth-but-still-off-pace-of-industry BANK of Queensland has revived once-anaemic lending growth but remains behind the pace of industry. Company Results Fosun International’s profits climb 24pc News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20175/fosun-internationalamprsquos-profits-climb-24pc Revenues hit 61.7 billion yuan and Fosun proposed a dividend of HK$0.17 a share. Company Results Bank of China's FY2014 net profits up 8% News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20194/bank-of-chinaamp039s-fy2014-net-profits-up-8 Bank of China said it saw a year-on-year net profit gain of eight percent in 2014 Company Results China's ICBC Q4 profit falls for first time since 2008 as bad loans rise News Aggregation Team Thursday, March 26, 2015 12:00 am http://www.apbankers.net/article/20197/chinaamp039s-icbc-q4-profit-falls-for-first-time-since-2008-as-bad-loans-rise Industrial and Commercial Bank of China Ltd said on Thursday net profit fell 3 percent in the fourth quarter of 2014 Company Results Agricultural Bank Profit Unexpectedly Falls as Economy Cools News Aggregation Team Wednesday, March 25, 2015 12:00 am http://www.apbankers.net/article/20142/agricultural-bank-profit-unexpectedly-falls-as-economy-cools Agricultural Bank’s first profit decline in three years partly reflected weakness in income from fees for services such as settlement and clearing, and investment banking advice. Company Results CITIC Securities posts 116% rise in 2014 profit News Aggregation Team Tuesday, March 24, 2015 12:00 am http://www.apbankers.net/article/20117/citic-securities-posts-116-rise-in-2014-profit China's largest brokerage CITIC Securities Co today posted a 116.2 percent rise in 2014 net profit to 11.3 billion yuan (US$1.8 billion) Company Results China Life Profit Rises on Investment Returns News Aggregation Team Tuesday, March 24, 2015 12:00 am http://www.apbankers.net/article/20127/china-life-profit-rises-on-investment-returns China Life Insurance Co., the nation’s largest insurer, said profit rose 30 percent last year after stock-market rallies boosted its investment returns. Company Results