The Asia Pacific Banking News Network http://www.apbankers.net/ Tue, 02 Sep 2014 17:19:19 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Goldman Sachs pays fine in Australia News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15949/goldman-sachs-pays-fine-in-australia The Australian Securities & Investments Commission alleges that Goldman Sachs caused the price of a stock to climb 95% because of an erroneous trade order. Wealth and Asset Management Bank Muamalat To Launch Islamic Private Banking Within A Year News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15955/bank-muamalat-to-launch-islamic-private-banking-within-a-year Bank Muamalat Malaysia Bhd expects to launch Islamic Private Banking within a year to cater to the growing demand for the service. Wealth and Asset Management ClearView Wealth in $20m bid for Matrix News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15915/clearview-wealth-in-20m-bid-for-matrix It’s about the quality of what we are trying to achieve Wealth and Asset Management Wealth firm talks up SMSF tax benefits News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15919/wealth-firm-talks-up-smsf-tax-benefits Business owners currently renting are potentially missing out on millions by not purchasing the premises and placing it in their SMSF to claim associated financial benefits, according to a wealth manager with a strong mainland Chinese presence. Wealth and Asset Management Funds gaining traction in discretionary portfolios News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15931/funds-gaining-traction-in-discretionary-portfolios JP Morgan Private Bank and UBS Wealth Management see increasing use of funds in discretionary portfolios. A house view is also seen as synonymous with use of funds. Wealth and Asset Management Yellow Brick Road completes acquisitions, revenues up 27% News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15932/yellow-brick-road-completes-acquisitions-revenues-up-27 Yellow Brick Road has completed the acquisitions of Vow Financial and Resi Mortgage Corporation, a key milestone in its strategy to become a leader in the ‘non-bank’ sector. Wealth and Asset Management Wealthy Chinese offer rich pickings News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15905/wealthy-chinese-offer-rich-pickings As a result, investment managers are instead looking to the wealth management market, where the brave are breaking new ground in search of market share by selling sophisticated, risk-adjusted products. Wealth and Asset Management 'Pragmatic’ planners moving off high cost platforms News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15881/amp039pragmaticamprsquo-planners-moving-off-high-cost-platforms McMahon said she believed the Future of Financial Advice (FOFA) changes had acted as a catalyst in the change of attitude on the part of planners, particularly the greater transparency around fees and charges, including fee disclosure statements. Wealth and Asset Management 'Pragmatic’ planners moving off high cost platforms News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15889/amp039pragmaticamprsquo-planners-moving-off-high-cost-platforms A senior and experienced cohort of financial planners, many of them dealing with high net worth clients, are choosing to find cost savings for both their clients and themselves by moving away from expensive platforms Wealth and Asset Management Private banks losing identity: MFO head News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15891/private-banks-losing-identity-mfo-head Asaf Berman, Singapore CEO of Swiss multi-family office Nutrimenta, talks about credit investing and why he thinks private banks are harder to deal with these days. Wealth and Asset Management EY hires forensic technology expert News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15944/ey-hires-forensic-technology-expert EY has always been keen to invest in the best people and technology available Executive Moves Future Fund Appoints CIO, Looks to Grow Investment Team News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15947/future-fund-appoints-cio-looks-to-grow-investment-team Raphael Arndt takes over from David Neal as CIO of Australian public sector pension Executive Moves Ascalon Capital Managers boosts team News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15950/ascalon-capital-managers-boosts-team “Having one of Australia’s most experienced alternative asset specialists join the Ascalon family leverages our support capability significantly Executive Moves Braemar Capital appoints Chairman Of International Advisors News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15954/braemar-capital-appoints-chairman-of-international-advisors He will advise the firm on global strategic issues and oversee the work of our 16 international advisors. Executive Moves ABN appoints Head of Private Banking Asia & Middle East News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15958/abn-appoints-head-of-private-banking-asia-ampamp-middle-east He is succeeding Hugues Delcourt, who will leave ABN AMRO by the end of September to take on an important leadership position elsewhere in the financial sector. Executive Moves State Street names Keogh head of alternative investment solutions in Asia News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15966/state-street-names-keogh-head-of-alternative-investment-solutions-in-asia He joined State Street in 2012 from Goldman Sachs Group Inc after its acquisition of Goldman Sachs Administration Services. Executive Moves American Express appoints CEO, India business News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15970/american-express-appoints-ceo-india-business India is a strategic growth market and Amex is confident of further buoyant growth under Manoj's able leadership Executive Moves BNP Paribas Investment Partners Appoints New HK And Japan CEOs News Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15930/bnp-paribas-investment-partners-appoints-new-hk-and-japan-ceos BNP Paribas Investment Partners today announced the appointments of Tino Moorrees as CEO Hong Kong and Ryohei Shimazaki as CEO and president of BNP Paribas Investment Partners Japan Ltd., effective September 1 and June 25, respectively Executive Moves Deutsche Bank appoints head of global transaction banking in Japan News Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15940/deutsche-bank-appoints-head-of-global-transaction-banking-in-japan He will report to Lisa Robins, Head of GTB Asia Pacific, in his role as GTB Head in Japan and to Kaushik Shaparia, Head of TF/CMC Asia Pacific, in his role as TF/CMC Head for Japan. Executive Moves Mutual fund sector sees four CEO exits in short span News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15879/mutual-fund-sector-sees-four-ceo-exits-in-short-span At a time when investor inflow seems picking up; observers say going will remain tough for smaller entities Executive Moves Banking integration in ASEAN gathers pace News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15951/banking-integration-in-asean-gathers-pace The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalise goods, capital and skilled labour flows in the ASEAN region. Legal, Regulation & Compliance Credit Suisse Bid to Dismiss Wealth Client’s Suit Fails News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15975/credit-suisse-bid-to-dismiss-wealth-clientamprsquos-suit-fails Credit Suisse Group AG lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product. Legal, Regulation & Compliance offshore law firm moves partner from BVI to head new HK dispute resolution practice News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15937/offshore-law-firm-moves-partner-from-bvi-to-head-new-hk-dispute-resolution-practice offshore law firm has set up a dispute resolution practice in Hong Kong to serve Asian clients, relocating partner Ray Ng from the BVI to Hong Kong. Legal, Regulation & Compliance SG: StanChart legal head joins NRF as partner News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15938/sg-stanchart-legal-head-joins-nrf-as-partner The appointment in Norton Rose Fulbright’s technology and innovation group is expected to help boost the firm’s Southeast Asia technology and innovation business that focuses on opportunities in Singapore, Malaysia, Indonesia, Vietnam, and Mya Legal, Regulation & Compliance leading international law firm Strengthens Its Employment Practice in Hong Kong News Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15939/leading-international-law-firm-strengthens-its-employment-practice-in-hong-kong He is an experienced and senior employment practitioner, focusing on advisory and transactional employment law issues for a variety of local and international corporate clients. Legal, Regulation & Compliance Central Bank of Sri Lanka approves 29 consolidation plans of financial institutions News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15904/central-bank-of-sri-lanka-approves-29-consolidation-plans-of-financial-institutions The Monetary Board approved the merger of TPG Global LLC Legal, Regulation & Compliance After Loss of Alibaba I.P.O., Hong Kong Weighs Changes to Its Listing Rules News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15910/after-loss-of-alibaba-ipo-hong-kong-weighs-changes-to-its-listing-rules It’s been nearly a year since Alibaba, the Chinese e-commerce giant, broke off talks with stock market regulators in Hong Kong, deciding instead to pursue its gargantuan initial public offering in the United States. Legal, Regulation & Compliance Fortune SG manager acquitted of insider trading News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15878/fortune-sg-manager-acquitted-of-insider-trading Shanghai bureau of the CSRC declared that Fortune SG was not involved in any misconduct and Mr. Guo had been reinstated Legal, Regulation & Compliance Money trail leads to hawala channels, offshore accounts News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15845/money-trail-leads-to-hawala-channels-offshore-accounts Santanu Ghosh, chairman of Xenitis Group and an accused in the scam Legal, Regulation & Compliance FSC urges Australia to show regional ambitions News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15850/fsc-urges-australia-to-show-regional-ambitions The Financial Services Council has called for a new industry body and reform of the country's tax and regulatory systems so it can compete with Hong Kong and Singapore. Legal, Regulation & Compliance Bravura Solutions appointments new CFO News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15959/bravura-solutions-appointments-new-cfo His most recent position was as Chief Operating Officer (COO) and CFO for leading regional law firm, BankTech Aussie instos boutiques on a global scale News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15960/aussie-instos-boutiques-on-a-global-scale Speaking about the relevance of boutique platforms at the 2014 Money Management Platforms and Wraps Conference, DeDominicis said international institutions were looking to enter the domestic market, and had significantly more funds behind them than the bi BankTech Avaloq to supply Wealth Management back office services to Deutsche Bank in Singapore News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15961/avaloq-to-supply-wealth-management-back-office-services-to-deutsche-bank-in-singapore The new organisation will be part of Avaloq’s global network of Business Process Outsourcing (BPO) centres. BankTech Mobile banking has a bright future in Asia News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15847/mobile-banking-has-a-bright-future-in-asia The report from Ericsson shows that a massive percentage of those living in emerging Asian markets are ready for new banking applications. BankTech Should banks be wary of the tech giants' foray into finance? News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15815/should-banks-be-wary-of-the-tech-giantsamp039-foray-into-finance I worry about the rise of the non-bank players in the wealth space BankTech Netwealth overhauls adviser technology News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15800/netwealth-overhauls-adviser-technology Financial planning group netwealth Advice has completed the stage one build of its overhaul of its technology program. BankTech Israel-China fund to play pivotal role in Swiss firm News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15787/israel-china-fund-to-play-pivotal-role-in-swiss-firm An investment in Switzerland’s Lamina Technologies exemplifies Israel’s role in bridging the old and the new BankTech Westpac NZ to use IBM's private cloud technology News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15705/westpac-nz-to-use-ibmamp039s-private-cloud-technology IBM today announced that Westpac New Zealand has selected IBM's private cloud technology to support its goal to be New Zealand's leading digital bank. BankTech IRESS’ solid performance propped by wealth management News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15708/iressamprsquo-solid-performance-propped-by-wealth-management Technology provider IRESS has released solid half yearly results backed by strong performance in wealth management business. BankTech Korea: Internet banking reaches 99.5 million accounts News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15693/korea-internet-banking-reaches-995-million-accounts The quarterly growth pace of 1.7 percent at the end of June, however, decelerated compared to the 2.4 percent in the first quarter. That was largely because individual user registrations slowed. BankTech Chinese shop for property abroad as domestic market cools News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15968/chinese-shop-for-property-abroad-as-domestic-market-cools Average spending rose to £1.07 million (HK$13.8 million) from £839,000. Alternative Investments Investment Opportunities Abound For International Fund Managers In Malaysia News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15969/investment-opportunities-abound-for-international-fund-managers-in-malaysia The two-day Invest Malaysia London which ended today, drew participation from over 60 fund managers representing 48 fund manager companies with assets under management of over US$13.3 trillion. Alternative Investments Unrated firms target Singapore News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15913/unrated-firms-target-singapore Unrated foreign issuers have been pouring into Singapore to take advantage of a yield-hungry investor base, but a local firm’s expected default on its bond threatens to shut off the flow. Alternative Investments LaSalle Investment Management puts ANZ HQ stake on the market News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15917/lasalle-investment-management-puts-anz-hq-stake-on-the-market THE commercial property market is set for another big test as US group LaSalle Investment Management puts its stake in ANZ’s Sydney headquarters on the block in a deal likely to show that the stake is worth more than $1 billion. Alternative Investments Leading global fund services provider further expands fund administration presence in Asia News Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15933/leading-global-fund-services-provider-further-expands-fund-administration-presence-in-asia Acquisition further expands fund administration presence in Asia Alternative Investments Reliance Cap-Nippon Life launch two funds, eye bank in India News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15934/reliance-cap-nippon-life-launch-two-funds-eye-bank-in-india The Anil Ambani-led Reliance Capital and Nippon Life Insurance Group Monday announced two funds for Japanese investors in the Indian equity and bond markets and to jointly start a commercial bank when permission comes from Indian authorities. Alternative Investments Property buyers line up for large-scale asset sales News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15907/property-buyers-line-up-for-large-scale-asset-sales Investors are in standby mode for the next wave of big ticket deals, worth in the billions, as public and private trusts undertake strategic reviews of their portfolios. Alternative Investments China blacklists IPO investors News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15912/china-blacklists-ipo-investors China sent shockwaves through the mainland IPO market last week, when it banned dozens of investors from participating in new listings for up to a year. Alternative Investments China Focus: China's largest asset-management company targets IPO News Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15877/china-focus-chinaamp039s-largest-asset-management-company-targets-ipo The MOF will continue to support Huarong and work with the eight strategic investors for the development of the company Alternative Investments Taiwan: Regulator to help insurers in Asian expansions News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15896/taiwan-regulator-to-help-insurers-in-asian-expansions Taiwan: Regulator to help insurers in AsThe Financial Supervisory Commission of Taiwan has said it will help the country's insurers in their efforts to expand into other Asian countries by relaxing some regulatory obstaclespansions Alternative Investments Bank Negara awards ‘Emas’ status to Exim’s sukuk News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15962/bank-negara-awards-amplsquoemasamprsquo-status-to-eximamprsquos-sukuk The “Emas” status is accorded by Malaysia on foreign currency denominated bonds and sukuks originating from the country for the global capital market. Islamic Finance Dubai Islamic Bank rules out controlling stake in Indonesian lender News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15963/dubai-islamic-bank-rules-out-controlling-stake-in-indonesian-lender Dubai Islamic Bank has ruled out seeking a controlling stake in Bank Panin Syariah, and its plans are limited to raising its stake in the Indonesian lender to 40 percent from 25 percent now Islamic Finance Mega Islamic Bank's Creation Should Meet Objective, Says Zeti News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15964/mega-islamic-bankamp039s-creation-should-meet-objective-says-zeti Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz says the creation of a mega Islamic bank should serve the objective of supporting international trade and cross-border investment activities. Islamic Finance Nominees Short-Listed for the Global Islamic Finance Awards 2014 News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15965/nominees-short-listed-for-the-global-islamic-finance-awards-2014 The process of picking up winners for the prestigious Global Islamic Finance Awards has entered the final stage, as Edbiz Consulting, the Awards Administrator, has started informing the short-listed nominees. Islamic Finance Standard Chartered Saadiq welcomes Islamic internationalisation News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15936/standard-chartered-saadiq-welcomes-islamic-internationalisation This trend is offering Islamic banks new growth opportunities along key international capital corridors, while also providing fresh solutions to long-term challenges, including their liquidity management. Islamic Finance Islamic finance a chance to connect News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15911/islamic-finance-a-chance-to-connect T.E. Lawrence, also known as Lawrence of Arabia, said that all the revision in the world will not save a bad first draft for the architecture of the thing comes or fails to come in the first conception and revision only affects the detail and ornament. Islamic Finance Securities Commission Malaysia introduces new Sukuk framework News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15874/securities-commission-malaysia-introduces-new-sukuk-framework The Securities Commission Malaysia (SC) today launched the Sustainable and Responsible Investment (SRI) Sukuk framework to facilitate the financing of sustainable and responsible investment initiatives. Islamic Finance The imperfect reality of modern Islamic finance News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15858/the-imperfect-reality-of-modern-islamic-finance Heaven’s Bankers, Inside the Hidden World of Islamic Finance, by Harris Irfan Islamic Finance Hong Kong to hold roadshows for first sukuk issue next week News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15864/hong-kong-to-hold-roadshows-for-first-sukuk-issue-next-week The sukuk ijara issue is expected to be listed on the Hong Kong, Malaysia and Dubai bourses Islamic Finance Malaysia takes lead in protecting syariah deposits News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15819/malaysia-takes-lead-in-protecting-syariah-deposits The act may affect the level of deposits in the short term as it will take time for customers to familiarise themselves with the ruling Islamic Finance India may accept China’s Asian bank offer News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15943/india-may-accept-chinaamprsquos-asian-bank-offer China has invited India to join the proposed AIIB as founding member; India is considering the invitation Investment Banking Mizuho to Encourage Analysts to Become Investment Bankers News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15945/mizuho-to-encourage-analysts-to-become-investment-bankers Mizuho plans to hire research specialists from global firms that are revamping their Japan operations to trim costs Investment Banking China Construction Bank cuts executive pay by 50pc News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15935/china-construction-bank-cuts-executive-pay-by-50pc China Construction Bank will reportedly slash top executive salaries by 50 per cent in order to comply with recently passed reform measures for state-owned firms. Investment Banking US raises concerns over China-led infrastructure bank News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15906/us-raises-concerns-over-china-led-infrastructure-bank He highlighted three key areas of concern - governance, labour and the environment. Investment Banking Europe Banks Seen Boosting Profit With $92 Billion of Asia Loans News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15873/europe-banks-seen-boosting-profit-with-92-billion-of-asia-loans British and French banks led the advance, boosting their combined exposure to the region by $79 billion in the past year, according to the report based on data from the Bank for International Settlements. Investment Banking Indonesia: High risks loom for RI bankers next year News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15899/indonesia-high-risks-loom-for-ri-bankers-next-year Chatib noted the possibility that the US Federal Reserve would hike its benchmark rate by 100 basis points from the current level of 0 to 0.25 percent Investment Banking RHB mulls sale of investment bank post-merger, sources say News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15871/rhb-mulls-sale-of-investment-bank-post-merger-sources-say RHB, which employs some 4,400 people in its investment banking division across southeast Asia, Hong Kong and China, is worried about potential job losses due to overlapping businesses at the other two banks, the sources added. Investment Banking Acquisitions to boost finance company News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15842/acquisitions-to-boost-finance-company The company has a leading position in Taiwan’s venture capital and investment banking businesses Investment Banking New banks will give China greater say in international financing News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15856/new-banks-will-give-china-greater-say-in-international-financing At their sixth summit held in July, the BRICS states of Brazil, Russia, India, China and South Africa decided to contribute US$100 billion to create the New Development Bank in Shanghai. Investment Banking China Huarong says Goldman, Warburg, others to buy $2.4 billion stake News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15866/china-huarong-says-goldman-warburg-others-to-buy-24-billion-stake China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan. Investment Banking MOBIUS: An Effective BRICS Bank Would Be A Big Win For The Whole World News Aggregation Team Sunday, August 31, 2014 12:00 am http://www.apbankers.net/article/15903/mobius-an-effective-brics-bank-would-be-a-big-win-for-the-whole-world I think the initial impact of this new development bank for emerging markets is that many countries could have a new source of financing InvestmentView Old Mutual equity star reveals the biggest risk to Japanese equities News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15875/old-mutual-equity-star-reveals-the-biggest-risk-to-japanese-equities Stagnant or falling wages could pose a risk to Japan's economic story, according to equity star Ian Heslop. InvestmentView Schroders Lee: today's markets as irrational as back in 2007 News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15876/schroders-lee-todayamp039s-markets-as-irrational-as-back-in-2007 People should be preparing their portfolios and becoming more defensive InvestmentView British luxury brands travel to China for face-time with ultra-affluent News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15867/british-luxury-brands-travel-to-china-for-face-time-with-ultra-affluent Fortnum & Mason and Selfridges are among the retailers and brands participating in the upcoming “London Luxury. By Appointment” event. InvestmentView China faces hurdle to int'l development bank initiative News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15766/china-faces-hurdle-to-intamp039l-development-bank-initiative China is stepping up its efforts to set a new multilateral development bank system, challenging the current system led by developed countries under the World Bank. InvestmentView Singapore a top luxury market: LV chief News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15781/singapore-a-top-luxury-market-lv-chief Singapore is one of the world's top luxury markets - no matter what happens elsewhere. InvestmentView CIMB CEO says it has no plans to overtake Maybank News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15783/cimb-ceo-says-it-has-no-plans-to-overtake-maybank CIMB Group CEO Datuk Seri Nazir Tun Razak has pointed out that his banking group has no plans to overtake Maybank as the largest bank in the country. InvestmentView 'India Has Potential to Become Global Investment Destination' News Aggregation Team Sunday, August 24, 2014 12:00 am http://www.apbankers.net/article/15755/amp039india-has-potential-to-become-global-investment-destinationamp039 India can become the preferred destination for global investments, ahead of the other BRICS nations. Yet, one’s expectations should be reasonable and realistic. InvestmentView Citi gives the thumbs up to Asian equities amid global recovery News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15702/citi-gives-the-thumbs-up-to-asian-equities-amid-global-recovery Foreign investors remained positive on the Thai stock market InvestmentView Opinion: Where is Hong Kong’s perfect storm? News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15648/opinion-where-is-hong-kongamprsquos-perfect-storm The combination of rising prices and stagnating growth raises the specter of unwelcome stagflation. InvestmentView Bank of Queensland and Suncorp held merger talks News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15967/bank-of-queensland-and-suncorp-held-merger-talks Paul Xiradis, head of equities at BoQ shareholder Ausbil Dexia, said he would raise the possibility of a deal with Suncorp and Bank of Queensland and ask for details on why it didn’t go ahead. Retail Banking CIMB Thai outlines three-year plan for |its first foreign branch, in Vientiane News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15914/cimb-thai-outlines-three-year-plan-for-its-first-foreign-branch-in-vientiane CIMB Group is now present in nine of the 10 Asean nations Retail Banking ANZ still in race for Myanmar banking licence News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15916/anz-still-in-race-for-myanmar-banking-licence ANZ will be the only Western bank granted a banking licence in Myanmar if it is successful in its bid to operate in the nation. Retail Banking China banks seek new lending horizons as bad debts rise News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15926/china-banks-seek-new-lending-horizons-as-bad-debts-rise Grappling with a slowing economy, China's biggest banks are turning their back on mainstay borrowers like manufacturers and courting high growth industries such as healthcare, food and IT in a bid to boost revenue. Retail Banking KEB eyes expansion in Europe, Middle East News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15941/keb-eyes-expansion-in-europe-middle-east Korea Exchange Bank has set its eyes on overseas markets, particularly Europe and the Middle East, in an effort to sharpen its competency and future growth. Retail Banking Singapore's Phillip Capital acquires Malaysian-owned Cambodian bank News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15883/singaporeamp039s-phillip-capital-acquires-malaysian-owned-cambodian-bank Phillip Bank's chairman Lim Hua Min said the Phillip Capital Group, which is an Asian financial service provider, acquired the bank in March this year after Hwang-DBS (Malaysia) Bhd decided to exit its business in Cambodia. Retail Banking Dubai bank to up stake in Panin Syariah News Aggregation Team Sunday, August 24, 2014 12:00 am http://www.apbankers.net/article/15754/dubai-bank-to-up-stake-in-panin-syariah Dubai Islamic Bank, the oldest sharia lender in the world, has officially submitted a request to Indonesia’s Financial Services Authority (OJK) to up its stake in Jakarta-listed Bank Panin Syariah (PNBS). Retail Banking OCBC retains Wing Hang name in new logo News Aggregation Team Sunday, August 24, 2014 12:00 am http://www.apbankers.net/article/15756/ocbc-retains-wing-hang-name-in-new-logo Wing Hang has branches in Hong Kong, Macau and mainland China. Retail Banking Shengjing Bank 'plans $1 bln Hong Kong IPO' News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15714/shengjing-bank-amp039plans-1-bln-hong-kong-ipoamp039 Huishang Bank, Bank of ChongQing and Harbin Bank all listed in Hong Kong in the past year. Retail Banking Citigroup Considers Sale of Retail-Banking Business in Japan News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15675/citigroup-considers-sale-of-retail-banking-business-in-japan Citigroup Inc is considering whether to pull out of retail banking in Japan, said people familiar with the matter, as the New York lender rethinks its global operations after a string of regulatory problems in the U.S. and abroad. Retail Banking Big banks stall on global tax evasion crackdown News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15920/big-banks-stall-on-global-tax-evasion-crackdown Australian banks are stalling on a deal that will help expose tax evaders to global authorities. Tax Wickenby identifies $2b in tax liabilities News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15902/wickenby-identifies-2b-in-tax-liabilities is review of the tax agency’s high-wealth individuals program found that between 2011-12 and 2012-13 the super rich had clawed back more than half (52 per cent or $477 million) of the $909 million the tax office disputed. Tax A Swiss fantasy News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15855/a-swiss-fantasy Perhaps one of the worst attributes of modern Pakistani political discourse is virtually an absolute lack of a sense of proportion and a cavalier attitude towards accuracy and plausibility of numbers. Tax Bangladesh - BDO Appoints New Member Firm News Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15861/bangladesh-bdo-appoints-new-member-firm The official launch of BDO in Bangladesh took place on 21 August 2014 Tax Hong Kong should reform its tax structure to redistribute wealth News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15826/hong-kong-should-reform-its-tax-structure-to-redistribute-wealth The same forces that drove the region's rapid growth - globalisation, new technology and market reform - are widening the gap between rich and poor. Tax Hong Kong signs tax information exchange agreement with Nordic nations News Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15837/hong-kong-signs-tax-information-exchange-agreement-with-nordic-nations Norden said for constitutional reasons, the agreements have been signed on a bilateral basis Tax Black money: Indian agencies get Swiss banks' data of hoarders News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15757/black-money-indian-agencies-get-swiss-banksamp039-data-of-hoarders The tax effect in these cases could be about Rs 50-80 crore, according to sources. Tax Blackmoney: Indian agencies get Swiss banks’ data of hoarders News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15765/blackmoney-indian-agencies-get-swiss-banksamprsquo-data-of-hoarders The tax effect in these cases could be about Rs 50-80 crore, according to sources. Tax Oman-Japan pact to avoid double taxation takes effect on Sept. 1 News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15774/oman-japan-pact-to-avoid-double-taxation-takes-effect-on-sept-1 Muscat The agreement to avoid double taxation and prevent tax evasion between Oman and Japan is to come into effect from September 1. Tax Hong Kong: Unclear tax rules and quotas may hinder through train News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15776/hong-kong-unclear-tax-rules-and-quotas-may-hinder-through-train Unclear tax rules, daily quotas and restrictive settlement arrangements could derail the upcoming through train stock scheme as international institutional investors hesitate to join the initiative. Tax Singapore's GIC in final talks to buy Tokyo building for $2b News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15788/singaporeamp039s-gic-in-final-talks-to-buy-tokyo-building-for-2b GIC is in the final stages of talks over the 32-storey Pacific Century Place Marunouchi, located near Tokyo's main railway station. Sovereign Wealth Dubai’s SWF to form investment alliance with Korea News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15789/dubaiamprsquos-swf-to-form-investment-alliance-with-korea ICD is very pleased to be entering into this venture with KEXIM Sovereign Wealth Goldman Sachs seeks to be adviser on sovereign bonds News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15733/goldman-sachs-seeks-to-be-adviser-on-sovereign-bonds Bangladesh can raise $2-$3 billion from the international market through sovereign bonds, Goldman Sachs, the world's leading investment bank, said as it seeks to advise the government on its first sovereign bond issue. Sovereign Wealth Dubai's ICD, Korea's ExIm Bank Team Up for Investments in Asia, Mideast and Africa News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15688/dubaiamp039s-icd-koreaamp039s-exim-bank-team-up-for-investments-in-asia-mideast-and-africa Dubai's sovereign wealth fund said Tuesday it is teaming up with the Export-Import Bank of Korea to jointly pursue investment opportunities in Asia, the Middle East and Africa. Sovereign Wealth CIC Set to be ‘Picky’ and ‘Stingy’ with Asset Managers, Says Consultant News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15559/cic-set-to-be-amplsquopickyamprsquo-and-amplsquostingyamprsquo-with-asset-managers-says-consultant The Shanghai-based consultancy said it believes CIC, which is often courted with “blood-letting fee cuts,” is going to become even more “picky” and “stingy” Sovereign Wealth SWFs sidestep fund managers with more direct deals News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15500/swfs-sidestep-fund-managers-with-more-direct-deals Singapore led the way as the nation whose SWFs acquired the most in terms of value of assets via direct investments Sovereign Wealth China's Sovereign Wealth Giant Seeks Overseas Investment News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15517/chinaamp039s-sovereign-wealth-giant-seeks-overseas-investment China Investment Corporation, a sovereign wealth fund responsible for managing the country’s foreign exchange reserves, has vowed to diversify its portfolio. Sovereign Wealth 9.33-pct return for China's sovereign wealth fund News Aggregation Team Sunday, August 10, 2014 12:00 am http://www.apbankers.net/article/15467/933-pct-return-for-chinaamp039s-sovereign-wealth-fund The CIC was founded with initial capital of 200 billion US dollars and aims to manage China's massive foreign exchange reserves. Sovereign Wealth Sovereign wealth funds embark on global spending spree News Aggregation Team Sunday, August 10, 2014 12:00 am http://www.apbankers.net/article/15468/sovereign-wealth-funds-embark-on-global-spending-spree The new figure represents a vote of confidence by the SWFs in the global economic recovery, which has gradually gathered momentum since the crisis. Sovereign Wealth China Sovereign Fund CIC Says Returns Fall Amid Volatility News Aggregation Team Friday, August 08, 2014 12:00 am http://www.apbankers.net/article/15456/china-sovereign-fund-cic-says-returns-fall-amid-volatility The return dropped from 10.6 percent in 2012, according to the Beijing-based company’s 2013 annual report released today. Sovereign Wealth IPOs to Debt Deals in Southeast Asia Seen Picking Up by Maybank News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15946/ipos-to-debt-deals-in-southeast-asia-seen-picking-up-by-maybank We see things improving in the market Research 12 Indian firms in Forbes’ 50 best companies in Asia-Pacific News Aggregation Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15957/12-indian-firms-in-forbesamprsquo-50-best-companies-in-asia-pacific The Forbes 2014 ‘honour roll of the Fabulous 50′ lists best of Asia-Pacific’s biggest publicly traded companies. Research Asset managers looking to set up foreign-local joint ventures in Asian markets News Team Tuesday, September 02, 2014 12:00 am http://www.apbankers.net/article/15976/asset-managers-looking-to-set-up-foreign-local-joint-ventures-in-asian-markets Local Expertise Vital Research Lights off on Singapore's billionaire row as luxury house prices plunge News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15887/lights-off-on-singaporeamp039s-billionaire-row-as-luxury-house-prices-plunge New mortgage business at the country's lenders is up to 40 percent below 2013 levels, although the downturn is unlikely to show up in their balance sheets until next year as loans are typically agreed a year ahead of them starting to be drawn dow Research Singapore Banking Sector Robust; Regulation Evolving News Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15895/singapore-banking-sector-robust-regulation-evolving Fitch Ratings says that the prudential and regulatory framework for banks in Singapore remains strong. Research This Undercover Emerging Market Could Be Asia's Next Big Hit News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15840/this-undercover-emerging-market-could-be-asiaamp039s-next-big-hit What makes South Korea an attractive investment in my book? Research Capital raising good for China’s distressed managers, says S& News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15843/capital-raising-good-for-chinaamprsquos-distressed-managers-says-sampamp The ratings agency also took into account the risk profiles of DAMs’ subsidiaries in assessing their creditworthiness Research More Room For Bank M&A Says AllianceDBS News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15818/more-room-for-bank-mampampa-says-alliancedbs We think a proposed merger of Maybank Islamic and BIMB would be more appealing when it comes to creating a truly mega Islamic bank Research China reforms won't spark wave of fund closures: Cerulli News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15799/china-reforms-wonamp039t-spark-wave-of-fund-closures-cerulli Asset managers running funds that don't meet a new AUM threshold are more likely to change strategy than liquidate the products so as to not spook investors, says the research house. Research Overseas investor interest in Asia-Pacific region on the rise News Aggregation Team Tuesday, August 26, 2014 12:00 am http://www.apbankers.net/article/15803/overseas-investor-interest-in-asia-pacific-region-on-the-rise Asia-Pacific investors are becoming less risk-averse and more willing to move up the risk curve. Research Innovation as a core strategy for Allianz in Asia-Pacific News Aggregation Team Monday, September 01, 2014 12:00 am http://www.apbankers.net/article/15908/innovation-as-a-core-strategy-for-allianz-in-asia-pacific The Financial- Allianz in Asia-Pacific delivered a strong set of results in the first half of 2014. Company Results Kiwibank profit hits $100 million News Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15882/kiwibank-profit-hits-100-million The bulk of the profit was made up by the Kiwibank Banking Group (“Kiwibank”) which achieved an after-tax profit of $100 million, an increase of three per cent over the previous year’s profit of $97 million. Company Results Equity Trustees lifts profit 12% News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15884/equity-trustees-lifts-profit-12 Equity Trustees after tax profit rose 12% for the full year following the acquisition of ANZ Trustees. Company Results ICBC Profit Grows at Slowest Pace Since 2009 News Aggregation Team Friday, August 29, 2014 12:00 am http://www.apbankers.net/article/15888/icbc-profit-grows-at-slowest-pace-since-2009 ICBC, China's Largest Lender, Posts Profit of $24.1 Billion in Latest Period Company Results Maybank Profit Growth Eases as Investment Banking Business Slows News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15859/maybank-profit-growth-eases-as-investment-banking-business-slows Malayan Banking Bhd., Malaysia’s biggest lender, said profit rose at the weakest pace since 2009 last quarter as a slowdown in its investment banking business countered gains from loans growth. Company Results First-half profit growth slows at Agricultural Bank of China News Aggregation Team Thursday, August 28, 2014 12:00 am http://www.apbankers.net/article/15862/first-half-profit-growth-slows-at-agricultural-bank-of-china Agricultural Bank of China Ltd. reported the slowest first-half profit growth since it went public in 2010, while its bad-loan level picked up as the country's economic growth slows. Company Results Profit up and new products for ClearView Wealth News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15823/profit-up-and-new-products-for-clearview-wealth ClearView Wealth has posted a 23% increase in after tax profit for the full year to 30 June while also announcing it is entering the low cost product market for low account balance investors . Company Results China Investment Billionaire Guo Guangchang's Fosun Says 1st-Half Net Profit Rose 8% News Aggregation Team Wednesday, August 27, 2014 12:00 am http://www.apbankers.net/article/15831/china-investment-billionaire-guo-guangchangamp039s-fosun-says-1st-half-net-profit-rose-8 Fosun’s shares have gained two-thirds at the Hong Kong Stock Exchange in the past year. Company Results Bank of Chongqing Announces 2014 Interim Results News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15758/bank-of-chongqing-announces-2014-interim-results Net Profit Increased 18%, Ranked High among Listed PRC Banks Company Results Centrepoint Wealth posts $11 million turn-around in profit News Aggregation Team Monday, August 25, 2014 12:00 am http://www.apbankers.net/article/15773/centrepoint-wealth-posts-11-million-turn-around-in-profit Centrepoint Alliance has posted an $11 million turn around in after tax profit in the last 12 months reporting a $3.3 million profit for the past financial year up from the $7.8 million loss reported in the 2012-13 financial year. Company Results