The Asia Pacific Banking News Network http://www.apbankers.net/ Thu, 30 Oct 2014 17:29:00 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP A banking hiring boom is happening now in this sector in Singapore News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17113/a-banking-hiring-boom-is-happening-now-in-this-sector-in-singapore Private banks in Singapore are breathing life into a generally dull fintech job market in Singapore, although the skills they are demanding can make it tricky for IT professionals to join their ranks. Wealth and Asset Management Australia: The next frontier for deVere Group News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17123/australia-the-next-frontier-for-devere-group This comes on the back of increasingly high demand for specialist financial advice from clients in this part of the globe. Wealth and Asset Management DBS Bank's Group Head of Consumer Banking and Wealth Management takes global private banking honour News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17124/dbs-bankamp039s-group-head-of-consumer-banking-and-wealth-management-takes-global-private-banking-honour The Group Head of Consumer Banking and Wealth Management was named the Best Leader in Private Banking at the PWM/The Banker Global Private Banking Awards, while the bank won the Best Private Bank in Use of Technology and Best Private Bank in Singapore awa Wealth and Asset Management Why family offices are heading offshore News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17086/why-family-offices-are-heading-offshore They are the vehicles that provide anything, from staff and travel management services, to the supervision of trusts and investments outside of the general business operations. Wealth and Asset Management Julius Baer playing China waiting game News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17093/julius-baer-playing-china-waiting-game The Swiss pure private bank is weighing up the best way to enter China but says it is in no rush, even though it sees now as the best opportunity for international firms. Wealth and Asset Management Strong performance pushes asset management compensation to pre-crisis highs News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17099/strong-performance-pushes-asset-management-compensation-to-pre-crisis-highs Strong performance in the financial management sector has pushed up incentive compensation in the asset management industry Wealth and Asset Management Asia Wealth Unit Targets 20% Revenue Gain News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17062/asia-wealth-unit-targets-20-revenue-gain Asia-Pacific wealth-management business aims to increase revenue by 20 percent in 2015 by targeting the region’s richest people. Wealth and Asset Management Private banks bet on Hong Kong as China financial reforms still hazy News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17023/private-banks-bet-on-hong-kong-as-china-financial-reforms-still-hazy Growth in number of billionaires has seen more private banks set up shop in Hong Kong to service demand for offshore investment Wealth and Asset Management Barclays India to resume hiring for corporate banking, wealth management News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17026/barclays-india-to-resume-hiring-for-corporate-banking-wealth-management The British bank will remain a focused wholesale bank with a lean and mean operations, preferring to operate as a branch of its parent instead of choosing local incorporation, said Barclays country head Jaideep Khanna. Wealth and Asset Management Morgan Stanley, BNY Mellon on wealth buildout News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17028/morgan-stanley-bny-mellon-on-wealth-buildout The two banks outline how they plan to expand their wealth management businesses in Asia one from a well-established position, the other as a newcomer to the region in this segment. Wealth and Asset Management Vanguard hires senior economist for Asia Pacific News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17109/vanguard-hires-senior-economist-for-asia-pacific Vanguard promoted Rodney Comegys to head of investments Executive Moves SGX's chief regulatory officer leaving to join Abu Dhabi Global Market News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17121/sgxamp039s-chief-regulatory-officer-leaving-to-join-abu-dhabi-global-market Abu Dhabi Global Market is a financial zone aimed initially at the private banking, wealth management and asset management sectors and which will formally launch in 2015. Executive Moves Pimco's head of global wealth management steps down News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17122/pimcoamp039s-head-of-global-wealth-management-steps-down He plans to return to the industry in 2015 to do consultancy work. Executive Moves Barclays names Korea chief News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17129/barclays-names-korea-chief He will continue as head of investment banking in Korea, reporting to Patrick Kwan and Reid Marsh, co-heads of investment banking, Asia-Pacific. Executive Moves RBS names two managing directors to Asia Pacific Markets business News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17081/rbs-names-two-managing-directors-to-asia-pacific-markets-business Holdstock joins from Nomura Executive Moves ING Vysya Bank CEO steps down News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17082/ing-vysya-bank-ceo-steps-down While his term was to end on August 31, 2015, he said he was leaving the company to pursue new challenges Executive Moves Franklin Templeton adds to fixed income team News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17083/franklin-templeton-adds-to-fixed-income-team The announcement follows the appointment of managing director Chris Siniakov and director Andrew Canobi in May 2014 Executive Moves Aviva adds EM and Asia fund manager News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17104/aviva-adds-em-and-asia-fund-manager Aviva Investors has added fund manager Xiaoyu Liu to its emerging markets and Asia Pacific equities teams. Executive Moves Abu Dhabi Global Market appoints regulatory authority chief News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17107/abu-dhabi-global-market-appoints-regulatory-authority-chief After a worldwide hunt, the Abu Dhabi Global Market has hired a top executive from the fast-growing Singapore financial centre for one of the key jobs in the capital’s financial free zone. Executive Moves Societe Generale names regional head of trade News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17058/societe-generale-names-regional-head-of-trade Societe Generale said it appointed a new regional head of trade for Southeast Asia, India and the Middle East within its global transaction banking division. Executive Moves Appleby Advised on Mitsui's US$21 MILLION ACQUISITION OF TSIT WING News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17116/appleby-advised-on-mitsuiamp039s-us21-million-acquisition-of-tsit-wing Mistui's becomes 2nd largest shareholder of Tsit Wing from its US$21 million investmet Legal, Regulation & Compliance Financial planning has gotten beyond a joke News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17054/financial-planning-has-gotten-beyond-a-joke When comedian Shaun Micallef's latest episode of Mad as Hell did a spoof on the scandal-ridden financial planning industry it was a signal that the shenanigans had well and truly entered in the public psyche. Legal, Regulation & Compliance Competition halves law firms’ fees for NCD-related work News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17059/competition-halves-law-firmsamprsquo-fees-for-ncd-related-work "Law firms are bidding Rs 2-3 lakh for work that until the start of this year would have fetched a fee of Rs 4-5 lakh," the promoter of a mid-sized law firm said on condition of anonymity. Legal, Regulation & Compliance India reveals first eight names in black money probe News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17066/india-reveals-first-eight-names-in-black-money-probe The Indian authorities have revealed the names of eight businessmen they have accused of being among dozens of people hoarding untold sums of “black money” in foreign banks. Legal, Regulation & Compliance GJEPC urges Centre to grant banking licence to ABN Amro Bank News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17079/gjepc-urges-centre-to-grant-banking-licence-to-abn-amro-bank The delegation told Kher that ABN is the largest lender to the diamond industry Legal, Regulation & Compliance Myanmar Licensing, a milestone in banking industry News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17031/myanmar-licensing-a-milestone-in-banking-industry Greater convenience is one thing foreign companies doing business in Myanmar can expect as nine foreign banks gradually start their operations within the first half of next year. Legal, Regulation & Compliance Three pillars of policy tightening by central banks News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17032/three-pillars-of-policy-tightening-by-central-banks The problem is that in the world after quantitative policy, central bank policy can no longer be represented by a simple interest rate line on a chart. Legal, Regulation & Compliance ABN AMRO Clearing Sydney Pty pays $40,000 infringement notice penalty News Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17045/abn-amro-clearing-sydney-pty-pays-40000-infringement-notice-penalty Market Participants are specifically required to set and document appropriate pre-determined Order and/or position limits on each Client Account. They are also required to set and document appropriate MPC limits on each Client Account. Legal, Regulation & Compliance Black money: Lodhya denies having a Swiss bank account News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17048/black-money-lodhya-denies-having-a-swiss-bank-account City-based bullion trader Pankaj Lodhya, who has been named by the Centre in an affidavit filed before the Supreme Court in the black money case, today denied having a foreign bank account and said he was shocked to find his name in the list. Legal, Regulation & Compliance Deloitte named a leader in Global Risk Management Consulting services by Gartner News Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17009/deloitte-named-a-leader-in-global-risk-management-consulting-services-by-gartner Cyber Risk Services and Crisis Management round out broad portfolio Deloitte considers cyber risk services to rank among its most important offerings in the marketplace. Legal, Regulation & Compliance Avaloq builds Australian team with new hires News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17134/avaloq-builds-australian-team-with-new-hires The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banking, further reinforced its commitment to the Australian financial services sector BankTech SS&C adds Explorer data visualisation and analysis tool to Portia platform News Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17095/ssampampc-adds-explorer-data-visualisation-and-analysis-tool-to-portia-platform SS&C Technologies has released Explorer, a powerful data visualization and analysis tool that turns critical investment data into meaningful information. BankTech ASX Improves Back Office Operations With GoldenSource EDM News Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17097/asx-improves-back-office-operations-with-goldensource-edm The completion of the project sees ASX go live with GoldenSource’s EDM system for corporate actions management, resulting in faster speed to market and product development, increased automation, and Straight Through Processing (STP). BankTech Infinia launches Thai unit for client loyalty/payment market in Southeast Asia News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17065/infinia-launches-thai-unit-for-client-loyaltypayment-market-in-southeast-asia Thailand's loyalty and payment solutions industry will get a kick along with the arrival of Infinia Payment Systems - a subsidiary of Infinia Services & Solutions in the United Arab Emirates. BankTech Philippines' Bank of Makati implements Infosys Finacle core banking tech News Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17076/philippinesamp039-bank-of-makati-implements-infosys-finacle-core-banking-tech Bank of Makati, Inc. (BMI), which recently transitioned into a savings bank, has implemented the Infosys Finacle core banking solution to transform customer experience and drive growth, at reduced costs. BankTech Nurturing Hong Kong’s local and international entrepreneurs News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17050/nurturing-hong-kongamprsquos-local-and-international-entrepreneurs The city has the potential to become a popular entrepreneurship hub in Asia, according to regional experts. BankTech Indian, Chinese Firms Lead Tech Billionaire Ranking News Aggregation Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17015/indian-chinese-firms-lead-tech-billionaire-ranking Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaires list with net assets worth $136 billion BankTech Taking new strides in the field of banking technology News Aggregation Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17051/taking-new-strides-in-the-field-of-banking-technology After introducing FedBook, an innovation that evolved banking experience last year, Federal Bank is now offering the best in banking technology on various fronts. BankTech Sumitomo Mitsui Finance and Leasing Company goes live with SunGard Ambit Asset Finance News Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16941/sumitomo-mitsui-finance-and-leasing-company-goes-live-with-sungard-ambit-asset-finance Sumitomo Mitsui Finance and Leasing Company Limited (SMFL), a leading corporate leasing and financing company headquartered in Japan, has gone live with SunGard's Ambit Asset Finance solution to support their service extension to clients in the US. BankTech China Lays Magnetic Cards to Rest; Era of "Chip-Based Cards" Begins News Aggregation Team Wednesday, October 22, 2014 12:00 am http://www.apbankers.net/article/16943/china-lays-magnetic-cards-to-rest-era-of-ampquotchip-based-cardsampquot-begins Banks in larger metropolitan areas are expected to issue only chip-based cards from next year and the issuing of magnetic cards in second and third tier cities will also gradually come to an end. BankTech Will we see more alliances among MFs? News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17112/will-we-see-more-alliances-among-mfs The need for higher net worth and losses for some makes the trend of consolidation imperative Alternative Investments Haitong International Securities buys pan-Asian broker News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17120/haitong-international-securities-buys-pan-asian-broker Haitong will pay US$20 million for the London-based brokerage Japaninvest Alternative Investments Next stop for the yuan's global journey: Canada, Middle East News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17125/next-stop-for-the-yuanamp039s-global-journey-canada-middle-east Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan Bunsen's. Alternative Investments Standard Life Investments acquires third Tokyo asset News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17127/standard-life-investments-acquires-third-tokyo-asset The Standard Life Investments Global Real Estate Fund has acquired its third direct real estate asset in central Tokyo so far this year, reinforcing its commitment to the Japanese real estate market. Alternative Investments Faber morphs into regional asset developer after RM1.5b merger News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17130/faber-morphs-into-regional-asset-developer-after-rm15b-merger Faber managing director and CEO Azmir Merican said the conclusion of the merger marks a new chapter for the group as it now has the full capability to undertake the entire asset life cycle services, from asset development to asset management. Alternative Investments Bank of China and DME announce partnership agreement News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17088/bank-of-china-and-dme-announce-partnership-agreement Bank of China and DME today signed a Memorandum of Understanding to strengthen their cooperation in offering innovative finance solutions to their mutual customers. Alternative Investments Ex-Regal managers launch specialist stock-picking hedge fund focused on Asia and Australia News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17105/ex-regal-managers-launch-specialist-stock-picking-hedge-fund-focused-on-asia-and-australia In ball games, football, baseball, tennis and the like, players try to predict accurately where the ball is going – in order to hit it. A new pan-Asian hedge fund manager calls it taking a long lead. Alternative Investments Infracapital Partners closes Fund II on 1 bln pounds News Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17106/infracapital-partners-closes-fund-ii-on-1-bln-pounds Infracapital Partners has closed its second fund on 1 billion pounds to invest in core infrastructure assets across Europe. Co-investment pledges takes total capital for investment to more than 1.3 billion pounds. Atlantic-Pacific Capital worked as placem Alternative Investments Assets broadly firmer; rouble hits record low News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17108/assets-broadly-firmer-rouble-hits-record-low The Zambian kwacha was the other loser of the day, falling more than 2 percent after the death of President Michael Sata though it later pared losses on hopes that elections would bring in a more investor-friendly leader. Alternative Investments RHB Asset Management & Partners Offer New Fund To HK Investors News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17071/rhb-asset-management-ampamp-partners-offer-new-fund-to-hk-investors RHBAM said the open-ended fund was suitable for investors with an appetite for high-growth investment. Alternative Investments Malaysia’s Maybank launches first USD sukuk mutual fund News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17135/malaysiaamprsquos-maybank-launches-first-usd-sukuk-mutual-fund The asset management arm of Malaysia’s Malayan Banking Bhd, the country’s largest lender, has launched its first U.S. dollar-denominated mutual fund that invests in Islamic bonds. Islamic Finance Malaysia PM backs idea of creating Islamic mega bank News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17092/malaysia-pm-backs-idea-of-creating-islamic-mega-bank Malaysia's Prime Minister Najib Razak said on Tuesday that he backed the idea of creating a large stand-alone Islamic bank, in order to develop a global footprint for Islamic finance and position it as an alternative to conventional banking. Islamic Finance Malaysia’s Islamic Finance industry set to grow from strength to strength News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17096/malaysiaamprsquos-islamic-finance-industry-set-to-grow-from-strength-to-strength RAM views recent Islamic finance initiatives unleashed under Budget 2015 as an additional boost to the industry which will further improve prospects for its continued growth and evolution both in Malaysia and globally. Islamic Finance London’s Battersea secures 467 million pound Islamic financing News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17098/londonamprsquos-battersea-secures-467-million-pound-islamic-financing The loan, one of the largest Islamic transactions ever conducted in the British market, is part of a 1.35 billion pound financing package for the second and third phases of the project Islamic Finance Malaysia, UAE regulators partner on developing financial services professionals News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17070/malaysia-uae-regulators-partner-on-developing-financial-services-professionals The capital market regulators of Malaysia and the United Arab Emirates on Tuesday signed an agreement aimed at developing financial services professionals and increasing job mobility for workers in their respective markets. Islamic Finance Maybank Islamic announces RM20m Waqf Fund News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17075/maybank-islamic-announces-rm20m-waqf-fund Islamic finance was already seen as a potential catalyst for improving access to finance Islamic Finance Asia next growth centre for Islamic financing, says Sultan Nazrin News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17078/asia-next-growth-centre-for-islamic-financing-says-sultan-nazrin Sultan of Perak Sultan Nazrin Muizzuddin Shah said these areas could send Islamic investment services soaring to the next level based on Asia’s unparalleled rates of wealth creation. Islamic Finance BSP to make things easier for Islamic banks in PH News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17025/bsp-to-make-things-easier-for-islamic-banks-in-ph A proposed law is in the works that is expected to usher in a new era of Islamic finance in the Philippines Islamic Finance Meezan’s acquisition of HSBC News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17035/meezanamprsquos-acquisition-of-hsbc IN another sign of the growing appetite of Shariah-compliant financial institutions, Meezan Bank successfully completed its acquisition of global bank HSBC’s Pakistan operations last week. Islamic Finance Sultan urges Islamic financial centres to fund Asean projects News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17053/sultan-urges-islamic-financial-centres-to-fund-asean-projects Sultan Nazrin Shah says Asean requires financing of more than US$60 billion a year until 2016. Islamic Finance Bank Of China Opens Regional Centre In Budapest News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17084/bank-of-china-opens-regional-centre-in-budapest The BoC is in close cooperation with Hungary’s Eximbank, and has so far assisted Wanhua’s investment project at the Hungarian company Borsodchem with jointly provided loans totalling 70 million euros, Szijjártó said. Investment Banking China set to invest £105bn in UK infrastructure by 2025 News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17056/china-set-to-invest-amppound105bn-in-uk-infrastructure-by-2025 China is set to invest £105bn in British infrastructure by 2025, with energy, property and transport the biggest recipients, according to research. Investment Banking Bangladesh joins new Asian bank News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17049/bangladesh-joins-new-asian-bank The floating of Asian Infrastructure Investment Bank and Bangladesh's formal signing of the Memorandum of Understanding to become part of AIIB slated to start operations at the end of 2015 is welcome news. Investment Banking Oman signs pact as founding member of Asian Infrastructure Investment Bank News Aggregation Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17024/oman-signs-pact-as-founding-member-of-asian-infrastructure-investment-bank The bank will develop an effective oversight mechanism to ensure the accountability of the Management Investment Banking 21 countries launch China-proposed Asia infrastructure bank News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17004/21-countries-launch-china-proposed-asia-infrastructure-bank The 21 economies are Bangladesh, Brunei Darussalam, Cambodia, China, India, Kazakhstan, Kuwait, Laos, Malaysia, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Uzbekistan, Qatar, Singapore, Sri Lanka, Thailand, Uzbekistan and Vietnam. Investment Banking Three major nations absent as China launches World Bank rival News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17005/three-major-nations-absent-as-china-launches-world-bank-rival Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders Investment Banking JPMorgan Chase execs knew of China hiring problems since 2011 News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16955/jpmorgan-chase-execs-knew-of-china-hiring-problems-since-2011 But we got to figure out exactly how to create a safe harbor for that so you don’t…end up getting punished Investment Banking JP Morgan retools China investment bank News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16968/jp-morgan-retools-china-investment-bank JP Morgan is adding headcount in China to capture more of the record-breaking surge in investment banking revenues from advising privately owned Chinese firms going global. Investment Banking Banco Espírito Santo Investment Bank Looks for Suitors News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16920/banco-espampiacuterito-santo-investment-bank-looks-for-suitors Possible Buyers in China, Dubai and Mexico Have Been ApproachedSenior executives at the investment banking arm of failed Portuguese lender Banco Espírito Santo SA have met recently with potential suitors to explore options for salvaging the unit, a Investment Banking Australian Unity Investments has selected BNP Paribas as its new custodian News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16787/australian-unity-investments-has-selected-bnp-paribas-as-its-new-custodian In a joint statement with AUI, BNP Paribas said the appointment came after an "extensive market review". Investment Banking Asia next growth centre for Islamic financing, says Sultan Nazrin News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17064/asia-next-growth-centre-for-islamic-financing-says-sultan-nazrin Sultan of Perak Sultan Nazrin Muizzuddin Shah said these areas could send Islamic investment services soaring to the next level based on Asia’s unparalleled rates of wealth creation. InvestmentView Doubts over S'pore's restructuring push News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17027/doubts-over-samp039poreamp039s-restructuring-push While the costs are clear, the benefits are still clouded; economists say policy fine-tuning is necessary InvestmentView Nationalism vs Reciprocity in Indonesian Banking Regulations News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16983/nationalism-vs-reciprocity-in-indonesian-banking-regulations These sentiments are not good news for the general financing of businesses in Indonesia InvestmentView Edmond de Rothschild Takes a Fresh View on Chinese Private Equity News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16997/edmond-de-rothschild-takes-a-fresh-view-on-chinese-private-equity One of Europe’s oldest financial institutions, Edmond de Rothschild Group, is making waves in China’s private equity market. InvestmentView Ben Bernanke Gave A Private Speech To High-Powered Investors In Tokyo, Here's What He Said News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16951/ben-bernanke-gave-a-private-speech-to-high-powered-investors-in-tokyo-hereamp039s-what-he-said Bernanke sounded positive about global prospects in a general sense InvestmentView Bahrain delegation to boost China trade ties News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16965/bahrain-delegation-to-boost-china-trade-ties It will build on the successful visit by His Majesty King Hamad to Beijing in September 2013 and the two nations celebrating 25 years of bilateral relations earlier this year. InvestmentView Division over bank as Australia caught between China and US News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16862/division-over-bank-as-australia-caught-between-china-and-us Senior cabinet ministers are believed to be divided over whether Australia should sign up to an internationally funded infrastructure development bank that China is set to launch next month. InvestmentView A new bank for Asia, not China — Simon Tay News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16863/a-new-bank-for-asia-not-china-ampmdash-simon-tay China’s initiative for an Asian Infrastructure Investment Bank (AIIB) has been gaining momentum with more governments indicating interest and in-principle support. InvestmentView Big in Brunei News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16890/big-in-brunei The Senior Portfolio Manager of Nikko Asset Management Asia Ltd, Tan Eng Teck, pointed out that when the Asean Economic community opens up, the best way that Brunei Darussalam can play a big role is by providing the capital that this country needs to grow InvestmentView Yellow Umbrellas by Geoff Cook, Jersey Finance Geoff Cook Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16851/yellow-umbrellas-by-geoff-cook-jersey-finance A Finance Manifesto InvestmentView Abu Dhabi State Fund Asks For More In $22bn Malaysia Banking Deal News Aggregation Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17013/abu-dhabi-state-fund-asks-for-more-in-22bn-malaysia-banking-deal Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank Retail Banking BDO named ‘best domestic bank’ News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16954/bdo-named-amplsquobest-domestic-bankamprsquo The award was given during the Asiamoney Best Bank Awards 2014 Retail Banking Lloyds consolidates Asian businesses in Singapore News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16974/lloyds-consolidates-asian-businesses-in-singapore The group sold its Australian corporate loan book, motor and equipment financing businesses for A$1.45bn (US$1.31bn) to Westpac Banking Corp in December 2013, as reported at the time. Retail Banking SBI to carry on operations in UK despite crackdown on foreign banks News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16907/sbi-to-carry-on-operations-in-uk-despite-crackdown-on-foreign-banks State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country. Retail Banking Sy-led BDO named ‘strongest bank’ in PH News Aggregation Team Thursday, October 16, 2014 12:00 am http://www.apbankers.net/article/16808/sy-led-bdo-named-amplsquostrongest-bankamprsquo-in-ph The Sy family-led BDO Unibank is the strongest bank in the Philippines, according to Singapore-based financial publication The Asian Banker. Retail Banking Metrobank eyes raising P5B billion from LTNCD News Aggregation Team Wednesday, October 08, 2014 12:00 am http://www.apbankers.net/article/16647/metrobank-eyes-raising-p5b-billion-from-ltncd The company expects to raise P5 billion from the offer, Metrobank investor relations head Juan Placido Mapa III told GMA News Online. Retail Banking Philippines: Gov’t expects sale of UCPB stake in Q1 News Aggregation Team Sunday, October 05, 2014 12:00 am http://www.apbankers.net/article/16588/philippines-govamprsquot-expects-sale-of-ucpb-stake-in-q1 Foreign banks are now free to fully own a bank in the Philippines following the passage of a bill lifting foreign ownership restrictions. Retail Banking BNZ CEO Anthony Healy unveils executive team restructure News Aggregation Team Wednesday, October 01, 2014 12:00 am http://www.apbankers.net/article/16536/bnz-ceo-anthony-healy-unveils-executive-team-restructure BNZ CEO Anthony Healy has announced a shake-up to his executive team he says will help the company "thrive" against a backdrop of rapid and complex technological, competitive and regulatory change. Retail Banking Seoul Financial District Vacancies Rising With Job Losses News Aggregation Team Tuesday, September 30, 2014 12:00 am http://www.apbankers.net/article/16516/seoul-financial-district-vacancies-rising-with-job-losses Lee Sang Kun doesn’t need to read the real estate section to know South Korea’s financial hub is emptying. Retail Banking Deutsche Bank awarded "Best Bank in Pakistan" by CFA Society News Team Monday, September 29, 2014 12:00 am http://www.apbankers.net/article/16515/deutsche-bank-awarded-ampquotbest-bank-in-pakistanampquot-by-cfa-society Deutsche Bank today announced that it has received the "Best Bank of the Year 2013" accolade by the CFA Society Pakistan in the category "Small Size Banks" with a balance sheet of less than one billion US dollar. Retail Banking Major new steps to boost international cooperation against tax evasion - OECD News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17114/major-new-steps-to-boost-international-cooperation-against-tax-evasion-oecd A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16. Tax PAKISTAN: $200b recovery from Swiss banks News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17139/pakistan-200b-recovery-from-swiss-banks A well placed source at Finance Ministry Wednesday disclosed to this scribe that a two-member delegation comprising Ex-Chief International Taxes Ashfaq Ahmad, grade 20 officer, and Secretary International Taxes Sajida Kausar, grade-18 officer visited Swit Tax Bank-Data Sharing Accord Expands Push to Find Tax Cheats News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17100/bank-data-sharing-accord-expands-push-to-find-tax-cheats The accord to be signed by finance ministers in Berlin today signals global determination by governments to capture tax revenue after the U.S. pursued banks such as Credit Suisse for helping Americans cheat on their taxes and German authorities bought CDs Tax Narendra Modi Government Submits 'Black Money' List With Over 600 Names To Top Indian Court News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17103/narendra-modi-government-submits-amp039black-moneyamp039-list-with-over-600-names-to-top-indian-court Several activists have alleged that the income derived from India’s flourishing black money economy is used to fund election campaigns of a number of politicians. Tax Switzerland, India Differ On Bank Account Disclosures News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17069/switzerland-india-differ-on-bank-account-disclosures A Swiss official says there is a disagreement with the Indian government as to 'what exactly will have to be disclosed' Tax Australians confess to stashing $1b in assets offshore News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17007/australians-confess-to-stashing-1b-in-assets-offshore The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals. Tax Swiss process on for amending tax pacts to comply global norms News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16950/swiss-process-on-for-amending-tax-pacts-to-comply-global-norms This step is part of efforts to make Switzerland a "competitive and tax-compliant financial centre in line with the international standard" Tax Hong Kong, South Africa Sign DTA News Aggregation Team Tuesday, October 21, 2014 12:00 am http://www.apbankers.net/article/16919/hong-kong-south-africa-sign-dta On October 16, Hong Kong and South Africa signed a comprehensive double taxation agreement the 31st such agreement that Hong Kong has concluded. Tax Prada's honeymoon period over in China as CEO, chairperson face tax probe at home News Aggregation Team Friday, October 17, 2014 12:00 am http://www.apbankers.net/article/16854/pradaamp039s-honeymoon-period-over-in-china-as-ceo-chairperson-face-tax-probe-at-home On Sept 30 Prada announced that the company chairperson Miuccia Prada and CEO Patrizio Bertelli are both being probed by Italian authorities over tax irregularities. Tax Top Indian tax team heads to Switzerland News Aggregation Team Wednesday, October 15, 2014 12:00 am http://www.apbankers.net/article/16783/top-indian-tax-team-heads-to-switzerland India has been asking Switzerland to cooperate in these cases under obligations of the bilateral Double Taxation Avoidance Agreement Tax Qatar Fund arrives with US$ 100 mn News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17074/qatar-fund-arrives-with-us-100-mn Al Suwaidi, is in Colombo with a three member investment team. Sovereign Wealth Myanmar likely to sell bonds News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17006/myanmar-likely-to-sell-bonds The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need that amount of funding to support annual expansion that it sees reaching 9.5% by 2030, said assistant chief economist Cyn-Young Park. Sovereign Wealth Korea Investment Corp. Learns Hard Lesson News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16948/korea-investment-corp-learns-hard-lesson Disappointing Results From Sovereign-Wealth Fund’s ‘Direct Investing’ Sovereign Wealth Qatar Investment Authority Injects $620M In Lifestyle International News Aggregation Team Monday, October 20, 2014 12:00 am http://www.apbankers.net/article/16894/qatar-investment-authority-injects-620m-in-lifestyle-international Qatar Investment Authority will acquire over 324 million shares of the Hong Kong-listed Lifestyle International at HK$14.75 per share. These shares represents 19.9% of the company's total issued share capital. Sovereign Wealth Singapore’s GIC eyes NZ retail assets News Aggregation Team Monday, October 13, 2014 12:00 am http://www.apbankers.net/article/16722/singaporeamprsquos-gic-eyes-nz-retail-assets The Government of Singapore Investment Corporation has reportedly submitted a US$875 million-plus bid to acquire significant retail assets in New Zealand. Sovereign Wealth Sovereign wealth fund option to diversify Macau economy News Aggregation Team Thursday, October 09, 2014 12:00 am http://www.apbankers.net/article/16683/sovereign-wealth-fund-option-to-diversify-macau-economy The Macau financial system was highly commended in the report and the outlook appeared bright. Notwithstanding this, the IMF pointed out some changes that might occur in this framework in future. Sovereign Wealth Singapore’s GIC eyes $1.6 billion deal for UK airports News Aggregation Team Tuesday, October 07, 2014 12:00 am http://www.apbankers.net/article/16616/singaporeamprsquos-gic-eyes-16-billion-deal-for-uk-airports The airports are currently owned by Heathrow Airport Holdings Sovereign Wealth GIC to invest over $321 million in Spanish property firm News Aggregation Team Thursday, October 02, 2014 12:00 am http://www.apbankers.net/article/16567/gic-to-invest-over-321-million-in-spanish-property-firm Francisco Montoro, CEO of Gmp, said the funds "will be used to foster growth through new investments, refurbishment and development projects". Sovereign Wealth Korea’s Wealth Fund Doubling Staff to Pick Buffett-Style Stocks News Aggregation Team Friday, September 26, 2014 12:00 am http://www.apbankers.net/article/16459/koreaamprsquos-wealth-fund-doubling-staff-to-pick-buffett-style-stocks The sovereign fund’s hiring plans follow a February announcement by Korea’s $418 billion state pension that it will double investment Sovereign Wealth Singapore wealth fund nears deal to buy 50% of RAC from Carlyle News Aggregation Team Thursday, September 25, 2014 12:00 am http://www.apbankers.net/article/16444/singapore-wealth-fund-nears-deal-to-buy-50-of-rac-from-carlyle The transaction would value RAC at more than £2bn including its debt. Sovereign Wealth ASEAN CIS Framework Needs Time to Gain Traction News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17115/asean-cis-framework-needs-time-to-gain-traction But it is a positive development that will prompt local managers to assess overseas opportunities Research Doing legal business in Japan and Morocco: new guides for solicitors News Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17117/doing-legal-business-in-japan-and-morocco-new-guides-for-solicitors The latest additions to our 'Doing legal business' series look at Japan and Morocco. Research Survey reveals concern over manual operations News Aggregation Team Wednesday, October 29, 2014 12:00 am http://www.apbankers.net/article/17090/survey-reveals-concern-over-manual-operations There is growing concern over manual processing in back-office operations, according to Confluence’s 2014 Asset Management Industry Trends survey. Research Asia's falling fund penetration 'worrying' News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17057/asiaamp039s-falling-fund-penetration-amp039worryingamp039 Mutual fund assets under management are declining as a proportion of household financial assets in Asia. This indicates a worrying lack of understanding of these products, say market participants. Research Surge in Confidence Among World’s Largest Institutional Investors - RESEARCH News Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17068/surge-in-confidence-among-worldamprsquos-largest-institutional-investors-research The Pyramis survey identifies regional differences across such topics as: expectations for market volatility, perspectives on alternatives, investment objectives and investment opportunities. Research 71% of Singapore bankers confident of a bonus; fewer expect bumper payouts: poll News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17072/71-of-singapore-bankers-confident-of-a-bonus-fewer-expect-bumper-payouts-poll The figure has remained stable compared to last year when 72 per cent said they would receive a bonus. Research Direct property investment in Asia Pacific set to soar in 2015, report says News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17055/direct-property-investment-in-asia-pacific-set-to-soar-in-2015-report-says Given the level of capital being allocated to real estate in Asia Pacific, demand continues to outpace the amount of assets available Research Technology is Key to Developing Innovation in Financial Services - DST Global Solutions News Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/15291/technology-is-key-to-developing-innovation-in-financial-services-dst-global-solutions The financial services industry must focus on innovation to drive productivity and economic growth, John Brogden, CEO of the Financial Services Council said today. Research The World’s Top 20 Islands for UHNWI Investment News Team Sunday, October 26, 2014 12:00 am http://www.apbankers.net/article/17017/the-worldamprsquos-top-20-islands-for-uhnwi-investment Growth in UHNW wealth, the rarity factor and new transport infrastructure are driving demand for alternative real estate and trophy assets Research Asian family offices lag on returns: report News Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16980/asian-family-offices-lag-on-returns-report Global Family Office Report 2014: Largest Family Office Research Study ever offers insight into Family Office Performance and Structures Research National Australia Bank planning UK exit, FY net drops News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17111/national-australia-bank-planning-uk-exit-fy-net-drops Exiting the United Kingdon is an "absolute priority" for National Australia Bank (NAB.AX), Chief Executive Officer Andrew Thorburn said after the bank posted a fall in annual cash profit, hit by writedowns for its troubled British business. Company Results OCBC Q3 net profit up 62pc News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17119/ocbc-q3-net-profit-up-62pc The S$1.23 billion net profit includes a fair value gain of S$391 million ($306.2 million) due to its increased stake in Chinese lender Bank of Ningbo, which became a 20 percent-owned subsidiary during the last quarter. Company Results Affin Hwang AM eyes RM50 billion AUM by 2018 News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17136/affin-hwang-am-eyes-rm50-billion-aum-by-2018 Teng said Affin Hwang Am aims to grow its assets in Melaka to RM1 billion by 2018 Company Results Yes Bank Q2 beats estimates; profit rises 30% News Aggregation Team Thursday, October 30, 2014 12:00 am http://www.apbankers.net/article/17137/yes-bank-q2-beats-estimates-profit-rises-30 Loans grew by 30.0% and Deposits by 18.6% y-o-y, CD Ratio stands at 77.4%. Company Results UBS reports profit before tax over CHF 1 billion News Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17061/ubs-reports-profit-before-tax-over-chf-1-billion Wealth management businesses' net new money CHF 14.4 billion Company Results Nomura Reports Second Quarter Financial Results News Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17063/nomura-reports-second-quarter-financial-results Nomura Holdings, Inc. today announced its consolidated financial results for the second quarter and first half of the fiscal year ending March 31, 2015. Company Results Standard Chartered suffers third-quarter profit fall News Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17067/standard-chartered-suffers-third-quarter-profit-fall It also plans to cut an additional $400m in costs for 2015. Company Results BDO says Q3 net income up 41% on commercial banking business News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17039/bdo-says-q3-net-income-up-41-on-commercial-banking-business BDO Unibank Inc. on Monday said it is on track to meet its full-year target after booking P5.7 billion in net income in the third quarter, propelled mainly by the business generated by commercial banking operations. Company Results ANZ’s Inadvertent Data Release Shows Second-Half Profit Rose 3% News Aggregation Team Monday, October 27, 2014 12:00 am http://www.apbankers.net/article/17043/anzamprsquos-inadvertent-data-release-shows-second-half-profit-rose-3 Australia & New Zealand Banking Group Ltd. (ANZ) posted a 3 percent gain in unaudited second-half earnings, bolstered by its local business unit, according to data inadvertently released by the lender. Company Results Bank Rakyat Q2 pre-tax profit at RM1.109b News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/16981/bank-rakyat-q2-pre-tax-profit-at-rm1109b Retail banking contributed about 90% to the bank’s financial performance Company Results