The Asia Pacific Banking News Network http://www.apbankers.net/ Fri, 28 Aug 2015 09:27:46 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Worries over slowdown: Move out of China & switch to US funds, say wealth experts News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23847/worries-over-slowdown-move-out-of-china-ampamp-switch-to-us-funds-say-wealth-experts Wealth managers believe investors could take profits from these funds now and reallocate them to developed markets. Wealth and Asset Management BHF Kleinwort Benson keeps mum on offer News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23853/bhf-kleinwort-benson-keeps-mum-on-offer The offer was not mentioned in the group's interim results, out just now, but investors and analysts will get an opportunity to talk to management mid-afternoon (UK and European time). Wealth and Asset Management DBS named Asia's Best Wealth Manager News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23833/dbs-named-asiaamp039s-best-wealth-manager According to The Asset, DBS won the coveted Best Wealth Manager in Asia award because of "the bank's ability to recognise the different requirements of both new and established clients, as well as provide wealth management solutions and services Wealth and Asset Management Private banks eye Asia's new breed of family office News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23809/private-banks-eye-asiaamp039s-new-breed-of-family-office Setting up a family office has certain advantages, such as increased confidentiality and a more personalised approach to managing funds. Wealth and Asset Management Bahamas Financial Services Industry Continues to Target Asia’s Wealth Economy News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23795/bahamas-financial-services-industry-continues-to-target-asiaamprsquos-wealth-economy The upcoming promotion includes a schedule of four events in four cities, starting with a Bahamas Landfall event in Beijing on October 29 Wealth and Asset Management China capital opening is wealth manager 'game changer,' DBS says News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23796/china-capital-opening-is-wealth-manager-amp039game-changeramp039-dbs-says As it readies for an eventual lifting of capital controls, DBS, Southeast Asia's largest lender, is studying ways to expand in China Wealth and Asset Management Schroders eyes fintech investments, partnerships News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23802/schroders-eyes-fintech-investments-partnerships Schroder Investment Management is looking for more financial technology investments, its Asia distribution head tells AsianInvestor. Wealth and Asset Management China's Wealthy Increasingly See Value of Full Family Office Offering News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23757/chinaamp039s-wealthy-increasingly-see-value-of-full-family-office-offering Family offices in the US and Europe began introducing these type of value-added services in the 1990s Wealth and Asset Management Australian Money Managers Forgo Pay for Charities News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23770/australian-money-managers-forgo-pay-for-charities Fund-management companies get turned into pro- bono endeavors Wealth and Asset Management UBS’ Kathryn Shih Plays the Long Game News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23747/ubsamprsquo-kathryn-shih-plays-the-long-game The Asia head of private banking knows that, like in golf, a deft touch is critical to grow and protect wealth. Wealth and Asset Management China hedge fund hires Europe-based wealth manager in expansion move News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23838/china-hedge-fund-hires-europe-based-wealth-manager-in-expansion-move The team is excited about the appointment of these strategic hires Executive Moves Aviva Investors appoints head of Taiwan operations News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23845/aviva-investors-appoints-head-of-taiwan-operations She joined the firm on August 7 as the general manager of Aviva Investors Taiwan. Executive Moves HSBC moves asset management head to Hong Kong from London News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23846/hsbc-moves-asset-management-head-to-hong-kong-from-london It will make its decision by the end of the year and Hong Kong would be the most likely destination if it does choose to move. Executive Moves Wealth giant appoints NAB exec as managing director News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23854/wealth-giant-appoints-nab-exec-as-managing-director Her experience and track record in consumer finance will be invaluable in continuing this momentum," Mr Caprioli said. Executive Moves Shaw lands wave of Macquarie advisers News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23855/shaw-lands-wave-of-macquarie-advisers Shaw's private wealth team is also bolstered by Nelson Mariz, Matt Wilkinson and Marlon Mindel, all former Macquarie advisers Executive Moves Capital Markets Malaysia appoints new CEO News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23866/capital-markets-malaysia-appoints-new-ceo The organisation was established by the Securities Commission Malaysia Executive Moves JP Morgan Asset Management Japan appoints new president News Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23839/jp-morgan-asset-management-japan-appoints-new-president He joins the asset management business from JPMorgan Securities Japan Co., Ltd. where, since 1994 Executive Moves ACE Promotes Amir Ghaffar to Head of Corporate Distribution, Accident & Health for Asia Pacific News Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23812/ace-promotes-amir-ghaffar-to-head-of-corporate-distribution-accident-ampamp-health-for-asia-pacific He will also be responsible for broadening the product breadth within the brokerage market where employee benefits have become a key focus for organizations in the region. Executive Moves Nomura Asset Management UK Ltd appoints Andreas Koerner News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23817/nomura-asset-management-uk-ltd-appoints-andreas-koerner He replaces Mark Roxburgh Executive Moves RBC Global Asset Management Appoints New APAC Head News Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23798/rbc-global-asset-management-appoints-new-apac-head Based at RBC GAM's office in Hong Kong he will oversee RBC GAM's business in the Asia-Pacific region, excluding BlueBay Asset Management, and will report to Clive Brown, CEO and managing director, RBC GAM International. Executive Moves Appleby Advised Global Sources on its US$50M Cash Tender Offer News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23859/appleby-advised-global-sources-on-its-us50m-cash-tender-offer The Appleby team was led by Frances Woo Legal, Regulation & Compliance Singapore’s highest court unfreezes assets of Swiss art dealer News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23808/singaporeamprsquos-highest-court-unfreezes-assets-of-swiss-art-dealer It described the freeze order as an "abuse of the court's process". Legal, Regulation & Compliance 4 foreign banks have applied for wholly-owned subsidiaries, says RBI News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23827/4-foreign-banks-have-applied-for-wholly-owned-subsidiaries-says-rbi So far, only the Singaporean lender DBS and State Bank of Mauritius have publicly stated their interest in converting their franchise models in the country into local subsidiaries. Legal, Regulation & Compliance HSBC spills details on 400 Indian accounts in Singapore; half are from Mumbai News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23799/hsbc-spills-details-on-400-indian-accounts-in-singapore-half-are-from-mumbai These are all new names who are having deposits above Rs 5 crore. Legal, Regulation & Compliance SG: K&L Gates lands finance partner from Dentons News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23806/sg-kampampl-gates-lands-finance-partner-from-dentons Blenntoft specialises in debt capital markets and Islamic finance with a focus on international Islamic bond transactions in Southeast Asia. Legal, Regulation & Compliance Switzerland could turn the scales in 1MDB scam News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23760/switzerland-could-turn-the-scales-in-1mdb-scam Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved. Legal, Regulation & Compliance Bitcoin CEO's arrest leaves trail of unanswered questions News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23763/bitcoin-ceoamp039s-arrest-leaves-trail-of-unanswered-questions A fresh warrant resets the clock on how long police can hold him and grill the self-described computer geek over Tokyo-based MtGox's missing Bitcoins. Legal, Regulation & Compliance China pumps $23bn into banks News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23738/china-pumps-23bn-into-banks The People's Bank of China provided 110 billion yuan ($A23.4bn) to 14 financial institutions through its medium-term lending facility to maintain liquidity in the banking system Legal, Regulation & Compliance Appleby Acted on HKEx listings for Foundation Companies Pak Wing & Wan Kei News Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23756/appleby-acted-on-hkex-listings-for-foundation-companies-pak-wing-ampamp-wan-kei Wan Kei Group raised approximately HK$170 million, and a majority of the net proceeds will be used for expansion of machinery and equipment, recruitment and repayment for certain outstanding finance leases. Legal, Regulation & Compliance Swiss financial regulator looking into possible connection between banks, 1MDB News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23710/swiss-financial-regulator-looking-into-possible-connection-between-banks-1mdb Swiss financial regulator Finma is checking with some of the country's banks on whether they carried out business with Malaysia's troubled state investment fund 1Malaysia Development Berhad, a spokesman said yesterday. Legal, Regulation & Compliance Stone & Chalk names resident start-ups News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23814/stone-ampamp-chalk-names-resident-start-ups The Google-backed, Silicon Valley-based fintech start-up Ripple Labs is among a group of 41 start-ups that have joined Stone & Chalk BankTech Rise of the machines as ANZ brings in robot workers to do the 'boring' jobs News Aggregation Team Monday, August 24, 2015 12:00 am http://www.apbankers.net/article/23779/rise-of-the-machines-as-anz-brings-in-robot-workers-to-do-the-amp039boringamp039-jobs The bank says it is not a job reduction strategy, rather it is a move to existing operations and to refocus human workers on new areas. BankTech London wants to pinch best Aussie fintech start-ups News Aggregation Team Monday, August 24, 2015 12:00 am http://www.apbankers.net/article/23788/london-wants-to-pinch-best-aussie-fintech-start-ups Ten of our most promising fintech companies will be flown to London next month by the British government, which is trying to lure start-ups to the UK as the global war for innovation talent heats up. BankTech DBS Bank to soft launch mobile banking in India News Aggregation Team Monday, August 24, 2015 12:00 am http://www.apbankers.net/article/23790/dbs-bank-to-soft-launch-mobile-banking-in-india Singapore's DBS bank which has branches in major cities of India will soft launch its digital/mobile online banking in the country this week, a top official of the bank said today. BankTech Online finance jobs still a hard sell for young bankers in China News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23758/online-finance-jobs-still-a-hard-sell-for-young-bankers-in-china China's internet finance firms are attracting top talent from traditional lenders with high salaries, but junior-level recruitment is proving harder BankTech IRESS sees profit in wealth management News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23700/iress-sees-profit-in-wealth-management IRESS also acquired digital advice platform Innergi. BankTech A Hundred Apps Bloom in China as Millions Bank on Their Phones News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23704/a-hundred-apps-bloom-in-china-as-millions-bank-on-their-phones Consumers are skipping straight from cash to mobile finance. BankTech Hong Leong Bank aims to digitise wholesale banking News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23720/hong-leong-bank-aims-to-digitise-wholesale-banking The move excludes its treasury segment and is aimed at acquiring new customers while retaining existing ones. BankTech Singapore and HK’s fintech future called into question News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23729/singapore-and-hkamprsquos-fintech-future-called-into-question Regional rivals' lighter regulatory burden could make Hong Kong and Singapore also­rans in financial technology, say industry players. The two cities need to harness native innovation to catch up. BankTech Unleash, Develop, Disrupt News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23730/unleash-develop-disrupt The Citi Mobile Challenge is a next-generation accelerator that combines a virtual hackathon with an incubator to discover innovative solutions for the banking sector. BankTech China expected to launch equity reits in a year, but tax neutrality unlikely for now News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23837/china-expected-to-launch-equity-reits-in-a-year-but-tax-neutrality-unlikely-for-now While momentum is growing, complicated tax regime is expected to hold back initial success Alternative Investments Singapore’s OCBC Bank establishes private equity fund News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23849/singaporeamprsquos-ocbc-bank-establishes-private-equity-fund The fund, which targets high-growth SMEs in four core markets of Singapore, Malaysia, Indonesia and China, will benefit from MCU’s established track record of identifying and executing high-value investments in these markets. Alternative Investments London’s trophy towers record no disinterest News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23850/londonamprsquos-trophy-towers-record-no-disinterest The £750m bid for Heron Tower need not be an exception Alternative Investments Nippon Life in talks to buy NAB's insurance unit: Report News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23851/nippon-life-in-talks-to-buy-nabamp039s-insurance-unit-report Nippon Life hopes to finalise the deal by year-end, the daily said, without citing any sources. Alternative Investments Pension fund to provide ballast to China's stock market News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23831/pension-fund-to-provide-ballast-to-chinaamp039s-stock-market A draft of the guidelines was released in late June to solicit public opinions Alternative Investments QDII funds face shutdown in China market slide News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23832/qdii-funds-face-shutdown-in-china-market-slide By the end of July, the total value of all 97 QDII funds dropped 34.5% Alternative Investments SEB Asset Management sells two office buildings in Japan News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23811/seb-asset-management-sells-two-office-buildings-in-japan The new owner's successful bid was for the equivalent of JPY 8.5 billion in total. Alternative Investments Norway Fund Said Among Bidders for BlackRock Singapore Tower News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23819/norway-fund-said-among-bidders-for-blackrock-singapore-tower Norway’s sovereign wealth fund is among bidders for BlackRock Inc.’s Asia Square Tower 1, an office building in Singapore’s central business district, according to people familiar with the matter. Alternative Investments Hong Kong ruling risks ‘sales inconsistencies’ News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23820/hong-kong-ruling-risks-amplsquosales-inconsistenciesamprsquo Hong Kong advisers offering insurance products could face sales inconsistencies in the market when a new measure comes into force next year, Old Mutual International’s Mark Christal has warned. Alternative Investments Exide Life launches unit-linked insurance plan Wealth Maxima News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23828/exide-life-launches-unit-linked-insurance-plan-wealth-maxima The plan also allows them to switch to another plan option in-line with evolving protection needs. Alternative Investments Dubai's Noor Bank to help arrange Indonesian sukuk News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23836/dubaiamp039s-noor-bank-to-help-arrange-indonesian-sukuk The five-year $500 million offering from airline Garuda Indonesia was the first international sukuk from an unrated Indonesian corporate issuer. Islamic Finance Australia's NAB seals maiden Islamic financing deal News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23844/australiaamp039s-nab-seals-maiden-islamic-financing-deal It marks a significant moment for the industry in Australia as the funding was supported by an Australian retail bank. Islamic Finance What BPJS can do to comply with sharia News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23857/what-bpjs-can-do-to-comply-with-sharia The MUI suggests the government should launch a BPJS Syariah that offers health coverage that complies with Islamic finance principles. Islamic Finance Malaysia’s Islamic financing sector is under pressure amid market woes News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23829/malaysiaamprsquos-islamic-financing-sector-is-under-pressure-amid-market-woes Sukuk sales in Malaysia fell 34% to $6.5bn at current rates so far in 2015 from a year earlier, while the nation’s Islamic banking assets have reached a record of around $150bn in dollar terms – which brings with it an ever-increasing obligati Islamic Finance Bank Rakyat urged to be more aggressive in marketing News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23804/bank-rakyat-urged-to-be-more-aggressive-in-marketing Bank Rakyat has reached a commendable level supported by its new chairman and competent board of directors. Islamic Finance KPCCI to constitute Islamic banking body News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23642/kpcci-to-constitute-islamic-banking-body Faud Ishaq said the proposed committee will play vital role for provision interest-free banking facilities to business community as per Islamic code and sharia. Islamic Finance Islamic Finance expected to grow to 3 trillion by 2018 News Aggregation Team Friday, August 14, 2015 12:00 am http://www.apbankers.net/article/23589/islamic-finance-expected-to-grow-to-3-trillion-by-2018 The firm also explores the wider challenges faced by both Islamic and western banking institutions as the practice of Islamic banking further expands to meet the needs of up to 1.6 billion potential participants in Islamic financial products and services. Islamic Finance Growing trend: Islamic finance goes offshore News Aggregation Team Wednesday, August 12, 2015 12:00 am http://www.apbankers.net/article/23557/growing-trend-islamic-finance-goes-offshore This goes in tandem with offshore companies and trusts that have proven to be a useful ingredient to Islamic finance products. Islamic Finance StanChart named trustee of first Islamic ASEAN passporting fund News Aggregation Team Wednesday, August 12, 2015 12:00 am http://www.apbankers.net/article/23548/stanchart-named-trustee-of-first-islamic-asean-passporting-fund Standard Chartered has been named as trustee of the first Shariah-compliant fund to be used on the ASEAN passporting scheme. Islamic Finance Islamic Finance Educators Bill To Be Tabled In Parliament News Aggregation Team Monday, August 10, 2015 12:00 am http://www.apbankers.net/article/23473/islamic-finance-educators-bill-to-be-tabled-in-parliament Under this bill, appropriate Islamic finance curriculum and training will also be determined Islamic Finance Wells Fargo banks on 'going global' for growth in China News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23735/wells-fargo-banks-on-amp039going-globalamp039-for-growth-in-china Real estate and hospitality were by far the biggest sectors for Chinese investment Investment Banking ANZ to launch sale of $720mn stake in Indonesian bank News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23754/anz-to-launch-sale-of-720mn-stake-in-indonesian-bank ANZ has hired Goldman Sachs for the sale, which is expected to attract bidders from China, Taiwan and Japan Investment Banking PHILIPPINES: Banks guard turf while readying for big league News Aggregation Team Wednesday, August 19, 2015 12:00 am http://www.apbankers.net/article/23678/philippines-banks-guard-turf-while-readying-for-big-league Yet in the region’s impending integration, the Philippines’ biggest players are but small fishes in a big pond. Investment Banking Being a China-Connected Global Banker Isn’t What It Used To Be News Aggregation Team Wednesday, August 19, 2015 12:00 am http://www.apbankers.net/article/23679/being-a-china-connected-global-banker-isnamprsquot-what-it-used-to-be At the same time, stricter rules have made the roles less appealing for ambitious bankers. Investment Banking Being a China-Connected Global Banker Isn’t What It Used To Be News Aggregation Team Wednesday, August 19, 2015 12:00 am http://www.apbankers.net/article/23701/being-a-china-connected-global-banker-isnamprsquot-what-it-used-to-be Don’t be surprised to see a few empty corner offices at global investment banks in Asia these days. Investment Banking Goldman Sachs to Invest $150M in India's Piramal Realty News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23626/goldman-sachs-to-invest-150m-in-indiaamp039s-piramal-realty Piramal Realty will use the money to expand its real-estate portfolio and buy prime properties in and around Mumbai Investment Banking Corporate Venture Capital Is King In Japan News Aggregation Team Friday, August 14, 2015 12:00 am http://www.apbankers.net/article/23588/corporate-venture-capital-is-king-in-japan Corporations exist to maximize their interests. Investment Banking JPMorgan on board to fund Mirvac deal News Aggregation Team Wednesday, August 12, 2015 12:00 am http://www.apbankers.net/article/23551/jpmorgan-on-board-to-fund-mirvac-deal Sources stressed the two parties had yet to agree to a deal and Mirvac's board was yet to sign off on the proposed cash call. Investment Banking DataRoom AM: CBA's capital idea News Aggregation Team Monday, August 10, 2015 12:00 am http://www.apbankers.net/article/23490/dataroom-am-cbaamp039s-capital-idea The question on everyone’s lips is how big will it be and who will run it? Investment Banking Alibaba pins hopes on Goldman's China rainmaker News Aggregation Team Friday, August 07, 2015 12:00 am http://www.apbankers.net/article/23451/alibaba-pins-hopes-on-goldmanamp039s-china-rainmaker For a Westerner he was regarded as knowing how the country works and he'll be a useful face for Alibaba to fight off negative sentiments as they try and break into the US market Investment Banking Look beyond China for the causes of the rout by Mark Burgess, Columbia Threadneedle Investments News Team Friday, August 28, 2015 12:00 am http://www.apbankers.net/article/23880/look-beyond-china-for-the-causes-of-the-rout-by-mark-burgess-columbia-threadneedle-investments It is often said that a week is a long time in politics, but in financial markets a week can feel like an age. InvestmentView Aberdeen Asset Management: The best way to invest in Chinese robotics News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23841/aberdeen-asset-management-the-best-way-to-invest-in-chinese-robotics Kwok Chern-Yeh, head of investment management in Aberdeen Asset Management's Japanese Equity Team, discusses a quiet revolution that is taking place in China. InvestmentView Volatile Markets Are Next ‘Stage in Currency Wars’ — Schroders News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23848/volatile-markets-are-next-amplsquostage-in-currency-warsamprsquo-ampmdash-schroders Investors are currently guessing that the yuan will continue its downward slide against the dollar InvestmentView JP comment: Investors adjust to China’s lower growth outlook News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23861/jp-comment-investors-adjust-to-chinaamprsquos-lower-growth-outlook The People’s Bank of China has responded to the continued fall in share prices by further cutting interest rates in an attempt to stimulate economic growth. InvestmentView Seven exit options for Chinese bankers News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23865/seven-exit-options-for-chinese-bankers Investment banking is a volatile career choice. Those that enter it should expect lay-offs at some point and those that survive will be battle-hardened. InvestmentView Singapore junk bond market lacks depth, say money managers News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23834/singapore-junk-bond-market-lacks-depth-say-money-managers Money managers say the divergence illustrates the lack of depth in Singapore's junk bond market. InvestmentView The Great Fall of China? by Geoff Cook Geoff Cook Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23813/the-great-fall-of-china-by-geoff-cook China is transitioning from a double digit high growth emerging market to the world’s leading economic power InvestmentView EDB to promote Bahrain in China News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23822/edb-to-promote-bahrain-in-china The visit aims to further strengthen fast-growing trade and business ties between the two countries and promote Bahrain’s unique investment environment. InvestmentView Startup founders want investors to handhold them and help their firms grow right News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23794/startup-founders-want-investors-to-handhold-them-and-help-their-firms-grow-right A good seed investor can work closely with founders to help them deduce product-market fit for their offering InvestmentView Black Monday? Keep calm and carry on, investors urged News Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23803/black-monday-keep-calm-and-carry-on-investors-urged Investors must, of course, be vigilant of the Black Monday events and what has led to them. InvestmentView Landbank-DBP merger may fall through News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23840/landbank-dbp-merger-may-fall-through THE PLANNED merger between state-run Development Bank of the Philippines and Land Bank of the Philippines may have to wait until the next administration Retail Banking World's biggest bank steps up expansion News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23843/worldamp039s-biggest-bank-steps-up-expansion Industrial and Commercial Bank of China gets more profit growth overseas, says former chief executive. Retail Banking Yuanta Bank to buy Hanshin Savings Bank of South Korea News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23769/yuanta-bank-to-buy-hanshin-savings-bank-of-south-korea After the deal is completed, Hanshin will become the second overseas subsidiary of Yuanta Bank. Retail Banking NAB takes out Bank of the Year award for the third year running News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23734/nab-takes-out-bank-of-the-year-award-for-the-third-year-running It's an ongoing mission for the team at NAB to be the best and they've done it again. Retail Banking China Bank-Plantersbank merger secures final BSP approval News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23746/china-bank-plantersbank-merger-secures-final-bsp-approval China Bank will be the surviving entity in the merger Retail Banking Deutsche Bank may sell stake in China's Hua Xia Bank News Aggregation Team Wednesday, August 19, 2015 12:00 am http://www.apbankers.net/article/23687/deutsche-bank-may-sell-stake-in-chinaamp039s-hua-xia-bank Deutsche Bank, Germany's biggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt has reported. Retail Banking Axis Bank launches contactless cards News Aggregation Team Friday, August 14, 2015 12:00 am http://www.apbankers.net/article/23579/axis-bank-launches-contactless-cards RBI guidelines allow processing contactless transactions below Rs 2,000 without a PIN Retail Banking VN okays Malaysian bank branch News Aggregation Team Thursday, August 13, 2015 12:00 am http://www.apbankers.net/article/23560/vn-okays-malaysian-bank-branch We also believe that the addition of a full banking licence in Viet Nam is timely as the region welcomes the commencement of the ASEAN Economic Community later this year. Retail Banking OCBC is nation's oldest local bank News Aggregation Team Tuesday, August 11, 2015 12:00 am http://www.apbankers.net/article/23519/ocbc-is-nationamp039s-oldest-local-bank It is also among the oldest listed firms here. Retail Banking CBA boss Ian Narev signs off on $5b rights issue News Aggregation Team Tuesday, August 11, 2015 12:00 am http://www.apbankers.net/article/23539/cba-boss-ian-narev-signs-off-on-5b-rights-issue Commonwealth Bank of Australia will ask shareholders to chip into a $5 billion equity raising on Wednesday morning, in an effort to shore-up the bank's capital position. Retail Banking India, Seychelles ink tax information pact News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23856/india-seychelles-ink-tax-information-pact India and Seychelles also signed four other agreements, including one on air connectivity and the other for supply of a Dornier aircraft to the island nation. Tax CA upholds tax exemption of Pinoy employees in ADB News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23774/ca-upholds-tax-exemption-of-pinoy-employees-in-adb The circular was used as basis for the BIR to run after the supposed tax deficiencies of ADB employees. Tax A costly tax for Australian businesses News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23737/a-costly-tax-for-australian-businesses Many issues have been raised in all the debate on tax reform Tax Australian Committee On Tax Avoidance Issues Interim Report News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23740/australian-committee-on-tax-avoidance-issues-interim-report The interim report recommends that a mandatory tax reporting code be implemented as soon as practicable. Tax Government approves pact with Seychelles to curb black money News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23752/government-approves-pact-with-seychelles-to-curb-black-money A global regime of information exchange will go into force in 2017, arming governments with data to deal with illicit wealth. Tax ANZ chief Mike Smith says tax system sent Atlassian offshore News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23725/anz-chief-mike-smith-says-tax-system-sent-atlassian-offshore There was an investment community who understood what they wanted to do and and a tax regime where they were not getting taxed twice on the same income. Tax AUSTRALIA: Name and shame tax dodgers: report News Aggregation Team Wednesday, August 19, 2015 12:00 am http://www.apbankers.net/article/23654/australia-name-and-shame-tax-dodgers-report The contents of the report were leaked to the media at the weekend, which is against parliamentary rules and has infuriated senators. Tax Singapore bankers rattled by Asian moves to chase undeclared wealth News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23627/singapore-bankers-rattled-by-asian-moves-to-chase-undeclared-wealth A global crackdown on tax evasion launched during the 2008 financial crisis has already forced Switzerland and other European offshore hubs to surrender their prized bank secrecy. Tax AUSTRALIA: Tax laws to target big global companies News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23633/australia-tax-laws-to-target-big-global-companies Thirty major multi-national companies will be targeted by the Abbott Government under a new assault on tax evading firms that has already brought in an extra $400 million in revenue. Tax Top FPIs raise concerns with Sebi over Mauritius Treaty, GAAR and participatory notes News Aggregation Team Monday, August 17, 2015 12:00 am http://www.apbankers.net/article/23593/top-fpis-raise-concerns-with-sebi-over-mauritius-treaty-gaar-and-participatory-notes Overseas investors coming through Mauritius and trading on Indian stock exchanges are spared of the 15% tax on shortterm capital gains. Tax Temasek's Fullerton sees opportunity in Asia market carnage News Aggregation Team Monday, August 24, 2015 12:00 am http://www.apbankers.net/article/23783/temasekamp039s-fullerton-sees-opportunity-in-asia-market-carnage Like other investors in Asian equities, Fullerton's portfolios were dragged down on Monday, as markets panicked about the growth trajectory for China's economy after the recent devalution of the renminbi. Sovereign Wealth Asia fails to follow Norge’s ethical investing lead News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23731/asia-fails-to-follow-norgeamprsquos-ethical-investing-lead With Norway's sovereign wealth fund excluding Asian firms from its investment universe for ethical reasons, focus has switched to the region. Sovereign Wealth China's sovereign wealth fund is betting big on a stock market recovery News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23702/chinaamp039s-sovereign-wealth-fund-is-betting-big-on-a-stock-market-recovery The China Investment Corporation, or CIC, is China’s sovereign wealth fund. Sovereign Wealth GrabTaxi Says It Faces Challenges Expanding in Asia News Aggregation Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23711/grabtaxi-says-it-faces-challenges-expanding-in-asia Our challenges are related to the diversity of the Southeast Asian market Sovereign Wealth Norwegian fund excludes four Asian companies over palm oil News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23630/norwegian-fund-excludes-four-asian-companies-over-palm-oil The fund manages its investments according to strict ethical guidelines that had previously led it to exclude around 60 companies from its holdings Sovereign Wealth Korean Sovereign Fund Asks Elliott to Stop Investing in Korea News Aggregation Team Tuesday, August 18, 2015 12:00 am http://www.apbankers.net/article/23692/korean-sovereign-fund-asks-elliott-to-stop-investing-in-korea Request follows activist hedge fund’s proxy fight involving Samsung’s controlling Lee family Sovereign Wealth India’s Modi to Visit UAE in Bid for Investments News Aggregation Team Monday, August 17, 2015 12:00 am http://www.apbankers.net/article/23599/indiaamprsquos-modi-to-visit-uae-in-bid-for-investments Indian prime minister Narendra Modi is looking to secure deals with Abu Dhabi's sovereign wealth fund Sovereign Wealth Taiwan needs a sovereign wealth fund News Aggregation Team Wednesday, August 05, 2015 12:00 am http://www.apbankers.net/article/23425/taiwan-needs-a-sovereign-wealth-fund The program represents the first time for the proposal to be put on the government's agenda Sovereign Wealth HK Exchange Fund sticks to its guns despite fall in income News Aggregation Team Tuesday, August 04, 2015 12:00 am http://www.apbankers.net/article/23367/hk-exchange-fund-sticks-to-its-guns-despite-fall-in-income The HKEF's managers say it is unrealistic to expect the fund to engage in short­term trading, and that it needs to avoid being easily unsettled by market fluctuations. Sovereign Wealth An investment from China’s sovereign wealth fund to Didi Kuaidi bodes well for ridesharing in China News Aggregation Team Tuesday, August 04, 2015 12:00 am http://www.apbankers.net/article/23405/an-investment-from-chinaamprsquos-sovereign-wealth-fund-to-didi-kuaidi-bodes-well-for-ridesharing-in-china Ridesharing’s legal future in China remains just as uncertain now as it was two years ago. Sovereign Wealth Eight finance jobs in Singapore and Hong Kong that you never knew were hot News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23835/eight-finance-jobs-in-singapore-and-hong-kong-that-you-never-knew-were-hot Banks in Asia are boosting their teams of research analysts to advise clients amid volatile equity markets. Research Hurun Global Chinese Rich List 2015 News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23860/hurun-global-chinese-rich-list-2015 This is the most robust attempt yet to track the business success of Chinese globally, and comes at a time when mainland Chinese are aggressively expanding outside of their country; Research Citigroup launches corporate accelerator program for APAC to engage with startups News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23864/citigroup-launches-corporate-accelerator-program-for-apac-to-engage-with-startups Citi will invite more startups to pitch their ideas on a "demo day" and handpick startups that it wants to work with. Research Fund Product Features Contribute To Asset-Gathering Success In Taiwan News Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23818/fund-product-features-contribute-to-asset-gathering-success-in-taiwan Another popular product feature in Taiwan centers on currency share classes. Research China sharemarket rout: Asia's richest man Wang Jianlin loses $5b in one day News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23830/china-sharemarket-rout-asiaamp039s-richest-man-wang-jianlin-loses-5b-in-one-day The remaining losses stemmed from stakes in private companies Research 79% of Institutional Investors Use Alts: Survey News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23816/79-of-institutional-investors-use-alts-survey Investors in private equity, real estate and hedge funds find improved terms Research As deals dry up more Singapore bankers seek exit to sovereign wealth funds News Aggregation Team Tuesday, August 25, 2015 12:00 am http://www.apbankers.net/article/23807/as-deals-dry-up-more-singapore-bankers-seek-exit-to-sovereign-wealth-funds There are several reasons why investment bankers in Singapore are becoming more interested in joining GIC and Temasek. Research The Need for Analytics in the Banking Industry—It’s All About Speed and Accuracy News Aggregation Team Monday, August 24, 2015 12:00 am http://www.apbankers.net/article/23776/the-need-for-analytics-in-the-banking-industryampmdashitamprsquos-all-about-speed-and-accuracy As we move into a more networked economy with more informed and impatient customers, speed is the key. Research Dubai property to remain attractive to Chinese buyers despite domestic slowdown News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23762/dubai-property-to-remain-attractive-to-chinese-buyers-despite-domestic-slowdown Indeed, property prices in the emirate remain “very reasonable” for Chinese investors compared to their home markets Research The highest paying investment banking internships in Singapore News Aggregation Team Friday, August 21, 2015 12:00 am http://www.apbankers.net/article/23739/the-highest-paying-investment-banking-internships-in-singapore If you want to get on the first rung of the Singapore banking sector and get the highest salary possible in the process Research Maybank posts higher Q2 earnings, div 24 sen News Aggregation Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23858/maybank-posts-higher-q2-earnings-div-24-sen In the first half, its earnings rose 3.4% to RM3.285bil from RM3.117bil in the previous corresponding period. Company Results China Everbright Limited Announces 2015 Interim Results News Team Thursday, August 27, 2015 12:00 am http://www.apbankers.net/article/23863/china-everbright-limited-announces-2015-interim-results Profit attributable to equity shareholders increases by 180% to HK$3.226 billion; Completes business structure optimisation to further enhance growth potential Company Results China Merchants Bank shows slowing profits, high bad debt in first half News Aggregation Team Wednesday, August 26, 2015 12:00 am http://www.apbankers.net/article/23823/china-merchants-bank-shows-slowing-profits-high-bad-debt-in-first-half Mainland lender sees first-half net rise a slower 8.26 per cent from 15 per cent a year ago to 33 billion yuan amid a sharp jump in bad debt Company Results Australian Islamic Fund Manager Crescent Wealth hits $100million milestone News Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23759/australian-islamic-fund-manager-crescent-wealth-hits-100million-milestone Since its launch on 22 February 2013 to 30 June 15, the same fund has achieved a great total return of 60.65%. Company Results PwC issues disclaimer of opinion for LionGold News Aggregation Team Sunday, August 23, 2015 12:00 am http://www.apbankers.net/article/23764/pwc-issues-disclaimer-of-opinion-for-liongold It also said it is exposed to certain material uncertainties in relation to guarantees provided and contingent liabilities that could cause significant financial obligations. Company Results Wealth helps drive solid AMP half News Team Thursday, August 20, 2015 12:00 am http://www.apbankers.net/article/23696/wealth-helps-drive-solid-amp-half AMP has turned in a strong half year, reporting a 33 per cent increase in net profit to $507 million when compared to the same period last year. Company Results K2 Asset Management going strong News Aggregation Team Friday, August 14, 2015 12:00 am http://www.apbankers.net/article/23581/k2-asset-management-going-strong The strong performance should help the company achieve better net-flows, which has already started to come through. Company Results National Australia Bank making ‘substantial progress’ in UK exit as third-quarter earnings grow News Aggregation Team Monday, August 10, 2015 12:00 am http://www.apbankers.net/article/23494/national-australia-bank-making-amplsquosubstantial-progressamprsquo-in-uk-exit-as-third-quarter-earnings-grow NATIONAL Australia Bank has lifted its third-quarter earnings and says it has made "substantial progress" on its exit from the UK. Company Results Treasury's Mike Clarke stockpiles top-end wines, but retailers seek more profit News Aggregation Team Monday, August 10, 2015 12:00 am http://www.apbankers.net/article/23499/treasuryamp039s-mike-clarke-stockpiles-top-end-wines-but-retailers-seek-more-profit Mike Clarke is holding back luxury wines to smooth out profits, while retailers eye more of the pie too. Company Results Demergers imminent as NAB posts third quarter profit rise to $1.75bn News Aggregation Team Monday, August 10, 2015 12:00 am http://www.apbankers.net/article/23528/demergers-imminent-as-nab-posts-third-quarter-profit-rise-to-175bn The firm has been seeing $5.5bn to fund the exit from the UK banks Company Results