The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 30 Jul 2016 03:26:18 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Partners RHB-AM And Neuberger Berman Launch New PE fund News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30255/partners-rhb-am-and-neuberger-berman-launch-new-pe-fund Touting the fund as the first of its kind in Asia, Eliza Ong, managing director and regional head at RHB-AM, says the partnership leverages on Neuberger Berman’s platform and PE strategies. Wealth and Asset Management India’s super-rich have never been this young News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30257/indiaamprsquos-super-rich-have-never-been-this-young This is the first time in six years since Kotak began surveying India’s super-rich that such a large number of HNIs-under-40 has been reported. Wealth and Asset Management Private bank clients may lose big amid Singapore's oil and gas credit woes News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30264/private-bank-clients-may-lose-big-amid-singaporeamp039s-oil-and-gas-credit-woes A number of firms have also sought bondholder consent to relax covenants such as those relating to waivers for potential non-compliance, banking sources said, adding that investors have had a hard time reducing their exposure. Wealth and Asset Management OCBC Profit Slips but Wealth Grows News Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30228/ocbc-profit-slips-but-wealth-grows What influence has the acquisition of Barclays Wealth Asian units had? Wealth and Asset Management Why private banks will live or die on innovation News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30202/why-private-banks-will-live-or-die-on-innovation A quick look at the latest World Wealth Report from CapGemini, for example, support this. It shows the pace and volume of growth, with Asia Pacific exceeding North America for the first time. Wealth and Asset Management YES Bank gets Sebi nod for setting up an Asset Management Company News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30204/yes-bank-gets-sebi-nod-for-setting-up-an-asset-management-company Yes Bank said Asset Management Company will channelise savings of retail, corporate and institutional investors in equity and debt markets using our its Knowledge Banking expertise. Wealth and Asset Management Bank of Singapore eyes entry into China via onshore partnership model News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30161/bank-of-singapore-eyes-entry-into-china-via-onshore-partnership-model Bank of Singapore chief says plans to enter China coincides with growing headwinds for the private banking sector, underscoring the need for risk-averse approach Wealth and Asset Management Julius Baer adds 200 relationship managers for Asian expansion News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30163/julius-baer-adds-200-relationship-managers-for-asian-expansion The Zürich-based wealth manager said on Monday an additional 200 relationship managers had so far signed to join this year. Wealth and Asset Management Broadening the insurance focus on Hong Kong's wealthy News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30171/broadening-the-insurance-focus-on-hong-kongamp039s-wealthy This is a new proposition of Generali. We have never done this before anywhere globally. Wealth and Asset Management UBS Intensifies North Asian Growth News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30191/ubs-intensifies-north-asian-growth The Swiss bank has emphasised their desire to add to the new Kowloon office which was opened earlier this year. Wealth and Asset Management Standard Chartered names Jose Vinals as new chairman after year-long search News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30245/standard-chartered-names-jose-vinals-as-new-chairman-after-year-long-search Vinals will join the Asia-focused bank as Chairman designate on October 3 and succeed Peace on December 1, StanChart said. Executive Moves Margaret Harwood-Jones appointed Global Head of Securities Services News Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30258/margaret-harwood-jones-appointed-global-head-of-securities-services Margaret joined Standard Chartered as the Head of Investors & Intermediaries in Transaction Banking in January 2013 Executive Moves We've appointed Vivian Chan as Regional Head, Private Banking, Greater China and North Asia News Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30259/weamp039ve-appointed-vivian-chan-as-regional-head-private-banking-greater-china-and-north-asia Vivian’s proven track record in understanding UHNW client needs and her ability to build enduring relationships with them will be a real asset Executive Moves Bank of Baroda steps up lateral hiring under new chief executive PS Jayakumar News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30261/bank-of-baroda-steps-up-lateral-hiring-under-new-chief-executive-ps-jayakumar Jayakumar appointed a senior banker from Goldman Sachs to head its technology division Executive Moves Northern Trust Names Chief Diversity Officer for Europe, Middle East and Africa News Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30262/northern-trust-names-chief-diversity-officer-for-europe-middle-east-and-africa She has more than 13 years of experience in the legal, professional services, banking and insurance sectors. Executive Moves BTIM appoints new CEO News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30219/btim-appoints-new-ceo He held several other roles at AXA, including economist, investment strategist and chief economist. Executive Moves PIMCO hires real estate strategist News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30220/pimco-hires-real-estate-strategist Previously, he was head of client relations EMEA for Deutsche Bank RREEF and was also a managing director, real estate investing at AllianceBernstein. Executive Moves Wilson HTM appoints Glen Wellham as diversified financials analyst News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30205/wilson-htm-appoints-glen-wellham-as-diversified-financials-analyst As part of a string of appointments at the broking and advisory firm. Executive Moves Law Firm Jones Day adds five partners in Asia, bolstering integrated projects, energy, and finance capabilities News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30212/law-firm-jones-day-adds-five-partners-in-asia-bolstering-integrated-projects-energy-and-finance-capabilities This integrated team adds to Jones Day's extensive capabilities providing cross-border and cross-practice advice throughout Asia Executive Moves MUFG Names Melina Concha Head Of Ph Global Corporate Banking Team News Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30190/mufg-names-melina-concha-head-of-ph-global-corporate-banking-team This is a newly created role for the Manila Branch which is a result of a strategic decision to appoint an experienced local corporate banker. Executive Moves Shell companies: Putting tax evasion, money laundering under scanner News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30263/shell-companies-putting-tax-evasion-money-laundering-under-scanner The last two are the most common uses and there are a few examples. Legal, Regulation & Compliance Chinese Capital Outflows May Still Be Happening — But In Disguise News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30267/chinese-capital-outflows-may-still-be-happening-ampmdash-but-in-disguise One big reason is that Beijing seems to have had success in cracking down on the flood of money leaving the country, which had been prompting sizable drawdowns in the central bank's foreign currency reserves, to prop up the value of the yuan. Legal, Regulation & Compliance ASIC bans North Queensland financial adviser News Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30218/asic-bans-north-queensland-financial-adviser Mr Miller was banned following an ASIC investigation which found that during 2012 and 2014, he engaged in conduct that was likely to mislead. Specifically, he: Legal, Regulation & Compliance Deloitte becomes third auditor in a row to quit scandal-hit 1MDB News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30221/deloitte-becomes-third-auditor-in-a-row-to-quit-scandal-hit-1mdb Follows US DoJ allegations of international scheme to siphon off more than $3.5bn from fund Legal, Regulation & Compliance DAR Vows to Bring back money from Swiss Banks News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30230/dar-vows-to-bring-back-money-from-swiss-banks Finance Minister confident of bidding adieu to IMF. Legal, Regulation & Compliance China mulls tightening wealth-product rules: report News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30203/china-mulls-tightening-wealth-product-rules-report The China Banking Regulatory Commission didn't immediately reply to a fax seeking comment. Legal, Regulation & Compliance AUSTRALIA: Banks get 'green light' on fees News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30211/australia-banks-get-amp039green-lightamp039-on-fees Many of the late payment charges had been reduced but the banks now had a licence to hike those fees back up. Legal, Regulation & Compliance Bangladesh says Philippines probe of cyber theft nearly complete News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30217/bangladesh-says-philippines-probe-of-cyber-theft-nearly-complete The accounts in the names of individuals had been opened with a $500 deposit and remained inactive for a year. Legal, Regulation & Compliance Singapore vows to name and shame financial institutions that breach rules after 1MDB scandal News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30170/singapore-vows-to-name-and-shame-financial-institutions-that-breach-rules-after-1mdb-scandal We may not be any worse than other jurisdictions. Legal, Regulation & Compliance Panama leak: SC seeks Centre, RBI's response in four weeks News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30173/panama-leak-sc-seeks-centre-rbiamp039s-response-in-four-weeks Each transaction spans different jurisdictions and may involve multiple entities and individuals. Legal, Regulation & Compliance Fintech luring more bank customers, says UBS News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30268/fintech-luring-more-bank-customers-says-ubs Local UBS banking analyst Jonathan Mott along with analysts in London, New York and Tokyo contributed to the global report, titled Global banks: Is fintech a threat or an opportunity? FinTech WealthTrust lunches zero-commission wealth management app News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30226/wealthtrust-lunches-zero-commission-wealth-management-app The app allows investors to invest in direct plans of mutual funds of 25 fund houses, where no commission is paid to a distributor. FinTech Myanmar Microfinance Could See Fintech First News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30189/myanmar-microfinance-could-see-fintech-first An initial test was conducted in June where microfinance transactions were successfully recorded in a blockchain. FinTech Capgemini enters list of top five IT employers in India News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30172/capgemini-enters-list-of-top-five-it-employers-in-india TCS remained the largest employer for 2015-16 while the Teaneck, New-Jersey headquartered Cognizant moved down to number three, making way for Sikka led Infosys, that stood second. FinTech Westpac backs AI for digital banking News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30180/westpac-backs-ai-for-digital-banking What’s the best rate, this is what I want to achieve? FinTech VSoft develops app for instant transfer of money News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30182/vsoft-develops-app-for-instant-transfer-of-money Showcasing the app here, he said the app has a one-time registration to come on board the technology platform. FinTech How robo-advisers are seeking to change the investment management game News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30183/how-robo-advisers-are-seeking-to-change-the-investment-management-game A bunch of them have started operations in India and have even raised venture funding over the past year or so. Startups such as Scripbox, Tauro, Wealthy. FinTech Let's not forget that RegTech is also about cybersecurity News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30185/letamp039s-not-forget-that-regtech-is-also-about-cybersecurity The disruptive nature of RegTech provides benefits such as dataset agility, faster report speeds and integration, and analytics that are capable of mining large and complex datasets, the company says FinTech Wealth Management Hiring Skyrockets In Singapore As Fintech Push Continues News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30187/wealth-management-hiring-skyrockets-in-singapore-as-fintech-push-continues According to a report by Morgan McKinley, April saw the UK Treasury announced the launch of a ‘fintech bridge’ between Singapore and the UK. FinTech Icici and Axis become first Indian banks to join Swift global payments innovation initiative News Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30188/icici-and-axis-become-first-indian-banks-to-join-swift-global-payments-innovation-initiative SWIFT is working closely with the industry to transform correspondent banking and with the global payments innovation initiative FinTech Mitsubishi UFJ Trust to buy US mutual fund custodian News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30241/mitsubishi-ufj-trust-to-buy-us-mutual-fund-custodian Mitsubishi UFJ Trust is expected to ink a share purchase agreement soon with Guggenheim Partners, a leading asset management company that owns Rydex, with the goal of completing the deal by the end of the year. Alternative Investments CIMB Group partners with Fajr Capital News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30244/cimb-group-partners-with-fajr-capital CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said CIMB remained committed to the Middle East. Alternative Investments Hong Kong Asset Management Sees Slight Fall News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30246/hong-kong-asset-management-sees-slight-fall The SFC's annual Fund Management Activities Survey indicates however that Hong Kong remained a preferred platform for international investors. Alternative Investments AMP Capital launches capital raising News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30247/amp-capital-launches-capital-raising The fund manager also restructured ADIT as a stapled trust, which was expected to facilitate the new assets acquisition. Alternative Investments Hedge Fund LIM Wins Vote to Shut Aussie Manager’s China Fund News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30248/hedge-fund-lim-wins-vote-to-shut-aussie-manageramprsquos-china-fund The vote to shut the fund draws to a close a year of agitation by LIM, the third-largest shareholder. Alternative Investments o3 Capital is raising a $150 million fund focused on hospitality News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30249/o3-capital-is-raising-a-150-million-fund-focused-on-hospitality The investment banking firm will target assets nearing completion that need last-mile funding to become operational Alternative Investments Malaysian Bank Cimb In Sales Alliance With Dubai Fund News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30260/malaysian-bank-cimb-in-sales-alliance-with-dubai-fund The alliance will involve "multiple levels of collaboration," including cross-marketing and distributing each other's products and services Alternative Investments Australia's AGL and state-owned funds establish renewables fund News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30214/australiaamp039s-agl-and-state-owned-funds-establish-renewables-fund "It breaks in a material way the logjam around funding for large scale renewables." Alternative Investments Sahara rejects $1.3 billion offer for sale of three prized overseas hotels News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30239/sahara-rejects-13-billion-offer-for-sale-of-three-prized-overseas-hotels "This is a long-term investment opportunity for us. We have submitted a very compelling offer. It is now up to the Supreme Court and the Roy family." Alternative Investments AIA Group posts 37 percent rise in first-half new business growth News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30234/aia-group-posts-37-percent-rise-in-first-half-new-business-growth First half new business growth for China saw an increase of 56 percent compared with the first half of 2015 to $278 million. Alternative Investments Islamic Banking: Noteworthy Achievement By State News Aggregation Team Thursday, July 14, 2016 12:00 am http://www.apbankers.net/article/29941/islamic-banking-noteworthy-achievement-by-state Islamic finance, a financial system that operates according to Islamic law , features banks, capital markets, fund managers, investment firms and the government hopes this would open up investment opportunity to Muslims who constitute over a quarter of th Islamic Finance Islami Bank: Bangladesh's Most-Watched Bankers News Aggregation Team Thursday, July 07, 2016 12:00 am http://www.apbankers.net/article/29767/islami-bank-bangladeshamp039s-most-watched-bankers Without a doubt, funds from the Middle East have been at Islami Bank’s core: first the initial investors, later deposits by Bangladeshis, mostly construction and cleanup workers. Islamic Finance Bursa Malaysia receives two awards for Best Islamic Finance Facilitation News Aggregation Team Tuesday, July 05, 2016 12:00 am http://www.apbankers.net/article/29761/bursa-malaysia-receives-two-awards-for-best-islamic-finance-facilitation We will continue to remain focused on efforts to increase the breadth and depth of our Shariah-compliant products and services for both institutional and retail investors. Islamic Finance Maxis unit to issue RM10bil Islamic bonds News Aggregation Team Thursday, June 30, 2016 12:00 am http://www.apbankers.net/article/29623/maxis-unit-to-issue-rm10bil-islamic-bonds The unrated sukuk murabahah programme will have a tenure of more than one year and up to 30 years. Islamic Finance Upping the Islamic finance ante in Malaysia News Aggregation Team Wednesday, June 29, 2016 12:00 am http://www.apbankers.net/article/29605/upping-the-islamic-finance-ante-in-malaysia At the same time, a broader offering of Islamic financial products gives Malaysia an edge over other markets. Islamic Finance Islamic fund space remains highly challenging News Aggregation Team Wednesday, June 29, 2016 12:00 am http://www.apbankers.net/article/29611/islamic-fund-space-remains-highly-challenging Largely dominated by two of the biggest Muslim-majority countries in the region Islamic Finance Maybank allocates RM10 million seed capital for waqf fund launched in April News Aggregation Team Wednesday, June 29, 2016 12:00 am http://www.apbankers.net/article/29613/maybank-allocates-rm10-million-seed-capital-for-waqf-fund-launched-in-april He said the cash waqf’s unique feature will be a matching grant whereby for every RM1 contributed by the public via Maybank2u, Maybank Islamic will top up another RM1. Islamic Finance Govt downsizes plan for giant state-owned sharia bank News Aggregation Team Monday, June 27, 2016 12:00 am http://www.apbankers.net/article/29556/govt-downsizes-plan-for-giant-state-owned-sharia-bank The state, he continued, would still control the new sharia bank by holding the majority of the shares while the remainder would be held by the investors. Islamic Finance Russian bank trio to roll out Islamic finance products News Aggregation Team Tuesday, June 21, 2016 12:00 am http://www.apbankers.net/article/29423/russian-bank-trio-to-roll-out-islamic-finance-products These new efforts will create new impetus. Islamic Finance Inside Dubai Islamic Bank's move into Indonesia News Aggregation Team Friday, June 17, 2016 12:00 am http://www.apbankers.net/article/29337/inside-dubai-islamic-bankamp039s-move-into-indonesia Dubai Islamic Bank completed its investment into Panin Dubai Syariah Bank in December 2015. Adnan Chilwan, CEO, DIB, spoke with IB&F to give insight into their Indonesia strategy Islamic Finance After Max Life merger deal, Axis Bank ties up with LIC News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30253/after-max-life-merger-deal-axis-bank-ties-up-with-lic This is the largest bancassurance partnership after the insurance regulator allowed banks to sell policies of more than one company. Investment Banking Investors on edge ahead of BoJ and European bank stress tests News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30256/investors-on-edge-ahead-of-boj-and-european-bank-stress-tests And their mood has not been helped by the latest slide in oil prices, which has left them just a whisker away from a new bear market. Investment Banking ANZ's Shayne Elliott back on the front foot News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30224/anzamp039s-shayne-elliott-back-on-the-front-foot But he gets to take the limelight in a case that has reaffirmed the right of banks to charge for possible bad debts and capital in the risky area of revolving personal credit. Investment Banking Daiwa’s Profit Falls 45% on Brokerage Commissions, Trading News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30209/daiwaamprsquos-profit-falls-45-on-brokerage-commissions-trading Tokyo-based Daiwa and its competitors have been counting on fees and commissions from Japanese shifting more of their savings to investments Investment Banking Reserve Bank of India calls for greater blockchain acceptance News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30157/reserve-bank-of-india-calls-for-greater-blockchain-acceptance The Reserve Bank has been employing a number of modernisation schemes for the country. Last month it released a new framework for payments and settlements to move the country towards a future less reliant on cash. Investment Banking In China M&A, Cash Is King News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30165/in-china-mampampa-cash-is-king While Morgan Stanley leads investment-banking-fee earners in Asia Pacific outside Japan this year, five Chinese companies rank in the top 10, according to data from Freeman Consulting Services. Investment Banking DBS to Expand in Japan News Aggregation Team Monday, July 25, 2016 12:00 am http://www.apbankers.net/article/30143/dbs-to-expand-in-japan Given the domestic growth and rapidly aging population in Japan, institutional investors in Japan are actively seeking yield and investments in overseas markets. Investment Banking Axis Bank Q1 FY17 net profit at Rs 1556 cr, bad loans rises 59 per cent QoQ News Aggregation Team Friday, July 22, 2016 12:00 am http://www.apbankers.net/article/30116/axis-bank-q1-fy17-net-profit-at-rs-1556-cr-bad-loans-rises-59-per-cent-qoq Axis Bank Q1 results: The private lender reported 21 per cent fall in net profit figures at Rs 1555.53 crore for the quarter ended June 30 Investment Banking HDFC Bank’s First Quarter Net Profit Rises 20.2%, Provisions Increase News Aggregation Team Thursday, July 21, 2016 12:00 am http://www.apbankers.net/article/30090/hdfc-bankamprsquos-first-quarter-net-profit-rises-202-provisions-increase The lender said in its filing to the stock exchanges. Investment Banking Shinhan aims to transform into major investment bank News Aggregation Team Thursday, July 21, 2016 12:00 am http://www.apbankers.net/article/30098/shinhan-aims-to-transform-into-major-investment-bank The decision comes as a preemptive measure against local securities firms’ M&A trend and to enhance competitiveness of our equity sector amid low interest rates and low growth environment. Investment Banking Success In The Asset Management Industry Is Not Gender Specific, Says UBS Official News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30176/success-in-the-asset-management-industry-is-not-gender-specific-says-ubs-official An expectant mother of six months, Huang, in an elegant black dress, arrived at UBS’s office on the 52nd floor of the International Financial Centre in the morning for a meeting, before setting off couple of hours later to the airport for a flight b InvestmentView Cmo Interview: Bringing Digital Transformation To Wealth Management News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30186/cmo-interview-bringing-digital-transformation-to-wealth-management But just as automation and online servicing have reinvented stock broking and other services in the greater wealth management sector, traditional advisors are also turning increasingly to digital tools to boost their service offerings. InvestmentView Phew, what a summer! by Justin Urquhart Stewart Justin Urquhart Stewart Monday, July 25, 2016 12:00 am http://www.apbankers.net/article/30122/phew-what-a-summer-by-justin-urquhart-stewart From failed military coups, suspicious or otherwise, to political leaders changing, or not in Labour's case, and the economic uncertainty that results from Brexit. InvestmentView Bitcoin and China's endless chain of bubbles News Aggregation Team Wednesday, July 13, 2016 12:00 am http://www.apbankers.net/article/29914/bitcoin-and-chinaamp039s-endless-chain-of-bubbles It is under these circumstances that China has emerged as a global center of bitcoin trading InvestmentView Brexit's Impact on Asia by May Tung, DHR International News Team Thursday, June 30, 2016 12:00 am http://www.apbankers.net/article/29634/brexitamp039s-impact-on-asia-by-may-tung-dhr-international There is still much confusion and no small amount of unknowns as to how the future will unfold, exacerbated by the Prime Minister David Cameron’s resignation hours after the historic referendum, leaving the UK facing a tumultuous and uncertain polit InvestmentView Brexit & India - Hear the sound and not the noise News Team Wednesday, June 29, 2016 12:00 am http://www.apbankers.net/article/29599/brexit-ampamp-india-hear-the-sound-and-not-the-noise Sanjay Sachdev, Executive Chairman of ZyFin believes India will certainly be impacted by Brexit to the extent of its beta to emerging markets and the negative global sentiments in response. InvestmentView Hong Kong-Singapore stars fade with boom-to-gloom in finance News Aggregation Team Thursday, June 23, 2016 12:00 am http://www.apbankers.net/article/29469/hong-kong-singapore-stars-fade-with-boom-to-gloom-in-finance Problems in the two cities are similar. InvestmentView India on course to become world's first trillion-dollar bull market in 2016 News Aggregation Team Monday, June 13, 2016 12:00 am http://www.apbankers.net/article/29257/india-on-course-to-become-worldamp039s-first-trillion-dollar-bull-market-in-2016 Valuations aren't cheap relative to history but we expect earnings will start to pick up gradually from depressed levels. InvestmentView Goldman Sachs: We're going 'outright negative' on China's yuan News Aggregation Team Monday, June 06, 2016 12:00 am http://www.apbankers.net/article/29118/goldman-sachs-weamp039re-going-amp039outright-negativeamp039-on-chinaamp039s-yuan The bank's analysts said although Beijing had moved changed its focus to the yuan's against a basket of currencies, Chinese consumers and businesses had not shifted their mindset away from the currency's dollar exchange rate. InvestmentView A History of Malware and Viruses (Part 1/2) by Craig Smallman, Sammedia News Team Friday, May 20, 2016 12:00 am http://www.apbankers.net/article/28817/a-history-of-malware-and-viruses-part-12-by-craig-smallman-sammedia The term computer virus was described in 1984 as ‘a program that can infect other programs by modifying them to include a possibly evolved copy of itself’, yet even before 1984, there were many papers published regarding viruses, even if they InvestmentView IDFC Bank plans to double profits in 4 years News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30238/idfc-bank-plans-to-double-profits-in-4-years The lender also plans to expand its footprints across 10 states and 20 cities by the end of FY17 Retail Banking Yes Bank clocks 32.8% jump in Q1 net; gross NPA rises to 0.79%y. News Aggregation Team Wednesday, July 27, 2016 12:00 am http://www.apbankers.net/article/30216/yes-bank-clocks-328-jump-in-q1-netiacutefrac34-gross-npa-rises-to-079y The private lender had clocked a net profit of Rs 551.20 crore in the corresponding quarter of last year. Retail Banking BDO’s March assets hit P2t News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30175/bdoamprsquos-march-assets-hit-p2t The bank’s trading and FX gains in the first three months fell 58 percent to P1.5 billion from P3.4 billion last year. Retail Banking Mizuho to pilot Ripple's blockchain technology for cross-border settlements News Aggregation Team Thursday, July 21, 2016 12:00 am http://www.apbankers.net/article/30088/mizuho-to-pilot-rippleamp039s-blockchain-technology-for-cross-border-settlements Ripple announced that Santander became the first U.K. bank to use ripple’s technology for cross-border payments. Retail Banking OCBC Bank Merges Chinese Subsidiaries News Aggregation Team Wednesday, July 20, 2016 12:00 am http://www.apbankers.net/article/30037/ocbc-bank-merges-chinese-subsidiaries OCBC Wing Hang China now employs more than 1,500 staff at its 32 branches and sub-branches across 14 cities in China. Retail Banking UOB suspends London property loans programme News Aggregation Team Thursday, June 30, 2016 12:00 am http://www.apbankers.net/article/29635/uob-suspends-london-property-loans-programme The UK's decision to leave the European Union has caused the pound to plunge, and raised concerns over UK property values. Retail Banking CIMB partners with Lazada to help SMEs grow News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29501/cimb-partners-with-lazada-to-help-smes-grow The partnership will allow Lazada merchants to get fast-approval loans of up to RM300,000 from CIMB. Retail Banking MNC Bank hunts for medium-sized banks to acquire News Aggregation Team Friday, June 24, 2016 12:00 am http://www.apbankers.net/article/29505/mnc-bank-hunts-for-medium-sized-banks-to-acquire MNC Kapital has allocated Rp 1.5 trillion in cash for the merger and acquisition this year. Retail Banking AmBank to transform digital banking capabilities News Aggregation Team Thursday, June 16, 2016 12:00 am http://www.apbankers.net/article/29354/ambank-to-transform-digital-banking-capabilities Our partners are better in terms of the technology and I would like to leverage on that, Retail Banking Postal Savings Bank aims for $62b News Aggregation Team Wednesday, June 15, 2016 12:00 am http://www.apbankers.net/article/29336/postal-savings-bank-aims-for-62b In January, the bank selected five investment banks for arrangements about the IPO. Retail Banking Deloitte under microscope as Dick Smith goes into liquidation News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30160/deloitte-under-microscope-as-dick-smith-goes-into-liquidation Marketing rebates are recognised immediately as a profit, whereas inventory rebates are recognised when the inventory is sold, which may be in a later financial period. Tax Tax Investigation Huawei Korea under Probe over Offshore Tax Evasion News Aggregation Team Tuesday, July 26, 2016 12:00 am http://www.apbankers.net/article/30181/tax-investigation-huawei-korea-under-probe-over-offshore-tax-evasion The Korean corporation of Huawei has about 150 employees and mainly provides network service to Korean wireless carriers. Tax Technology to make tax evasion difficult; make India a tax paying society: Arun Jaitley News Aggregation Team Monday, July 25, 2016 12:00 am http://www.apbankers.net/article/30136/technology-to-make-tax-evasion-difficult-make-india-a-tax-paying-society-arun-jaitley We gave an opportunity to the people, who have illegal assets abroad by opening a compliance window. Tax Indonesian tax amnesty could spark outflow from Singapore wealth industry News Aggregation Team Monday, July 25, 2016 12:00 am http://www.apbankers.net/article/30140/indonesian-tax-amnesty-could-spark-outflow-from-singapore-wealth-industry It is a huge portion of the approximately $470 billion of assets under management by private banks in the financial hub. Tax Now, expectations of helicopter money from Bank of Japan News Aggregation Team Sunday, July 24, 2016 12:00 am http://www.apbankers.net/article/30126/now-expectations-of-helicopter-money-from-bank-of-japan While replying to a comment from Thomas Piketty on how little taxes Indians pay, Bibek Debroy had remarked, “Indians pay one of highest tax rates in world... Tax Singapore denies cutting tax rates to 'thwart' Indonesia's tax amnesty programme News Aggregation Team Sunday, July 24, 2016 12:00 am http://www.apbankers.net/article/30128/singapore-denies-cutting-tax-rates-to-amp039thwartamp039-indonesiaamp039s-tax-amnesty-programme “Singapore has not cut tax rates, nor changed our policies in response to Indonesia’s Tax Amnesty Programme,” said the Embassy’s statement. Tax Negotiations to amend Cyprus-India double tax agreement concluded News Aggregation Team Friday, July 22, 2016 12:00 am http://www.apbankers.net/article/30117/negotiations-to-amend-cyprus-india-double-tax-agreement-concluded With taxation rights over gains on the disposal of such shares at any future date remaining solely with the state of residence of the seller. Tax Govt Appoints 18 Banks to Manage Tax Dodgers News Aggregation Team Wednesday, July 20, 2016 12:00 am http://www.apbankers.net/article/30065/govt-appoints-18-banks-to-manage-tax-dodgers "19 banks were deemed eligible [to handle the back taxes payment], but only 18 returned the ministry's call," Robert said. Tax Macau and China add protocol to the agreement to avoid double taxation News Aggregation Team Wednesday, July 20, 2016 12:00 am http://www.apbankers.net/article/30068/macau-and-china-add-protocol-to-the-agreement-to-avoid-double-taxation The protocol adds measures against tax evasion on dividends, interest, royalties and equity income. Tax Indonesia commences new tax amnesty program News Aggregation Team Tuesday, July 19, 2016 12:00 am http://www.apbankers.net/article/30003/indonesia-commences-new-tax-amnesty-program Finance Ministry officials held a news conference late on Monday to announce details of the program. Tax Fund lawyer who worked With Goldman holds 1MDB clues, US says News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30243/fund-lawyer-who-worked-with-goldman-holds-1mdb-clues-us-says After one of the big sales led by Goldman Sachs, $5 million of the cash raised for 1MDB traveled through shell companies and ended up in her Swiss bank account, the U.S. said in complaints filed last week. Comment, Analysis & Research How ANZ paid Mike Smith $88m for failed Asian strategy News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30240/how-anz-paid-mike-smith-88m-for-failed-asian-strategy Business leaders, fund managers, analysts and former ANZ executives are stunned at the shift. Comment, Analysis & Research (Re)Classifying Frontier Markets News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30242/reclassifying-frontier-markets Pakistan expects the promotion to prompt significant inflows from a new class of investors. Comment, Analysis & Research Singaporean wealth fund warns of hard investment decade News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30250/singaporean-wealth-fund-warns-of-hard-investment-decade GIC, formerly known as the Government of Singapore Investment Corp, manages Singapore’s foreign reserves with a focus on long-term performance. Comment, Analysis & Research Despite growth, no major India rise in global rich 1%: New UK study News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30251/despite-growth-no-major-india-rise-in-global-rich-1-new-uk-study Noting the increasing numbers of Chinese joining the global super-rich 1%, the study said that “India has made no significant incursions into the global top 1%, despite rapid economic growth over the past two decades”. Comment, Analysis & Research Bangladesh on elevated growth path: Citi News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30252/bangladesh-on-elevated-growth-path-citi The manufacturing sector grew the most by 10.1 percent followed by the services sector and agriculture, which grew 6.7 percent and 2.6 percent respectively in the last fiscal year, Citi said on Wednesday. Comment, Analysis & Research No room for complacency in distribution News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30254/no-room-for-complacency-in-distribution The aim has been to expand beyond HSBC’s retail banking and wealth management business – albeit this remains the foundation distributor and integral to the business. Comment, Analysis & Research Total Global Alternative Assets Under Management Grows To $6.2 Trillion News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30265/total-global-alternative-assets-under-management-grows-to-62-trillion Overall, 37% of alternative assets are invested in Europe and 8% in Asia Pacific, with 5% being invested in the rest of the world. Comment, Analysis & Research Era of banks owning all technology is gone: ANZ Bank News Aggregation Team Friday, July 29, 2016 12:00 am http://www.apbankers.net/article/30266/era-of-banks-owning-all-technology-is-gone-anz-bank ANZ Bank believes the future of banking is about partnering with specialist providers that can provide new technology investments. Comment, Analysis & Research China’s shadow banking system now 78pc of GDP and growing, says Moody’s News Aggregation Team Thursday, July 28, 2016 12:00 am http://www.apbankers.net/article/30207/chinaamprsquos-shadow-banking-system-now-78pc-of-gdp-and-growing-says-moodyamprsquos Assets under management by non-bank financial institutions have increased. Comment, Analysis & Research