The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 23 Aug 2014 03:33:34 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Friends Provident launches website aimed at non-resident Indians News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15719/friends-provident-launches-website-aimed-at-non-resident-indians Friends Provident International has launched a new website with a section dedicated to non-resident Indians. Wealth and Asset Management Best private bank for Asia announced News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15727/best-private-bank-for-asia-announced Asia now accounts for half of the private bank's global structured product sales. Wealth and Asset Management CreditEase appoints head of offshore wealth News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15738/creditease-appoints-head-of-offshore-wealth Former Asia head of wealth management at consultancy Towers Watson Wealth and Asset Management BRW Rich Families list 2014: how family wealth is changing the nation News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15699/brw-rich-families-list-2014-how-family-wealth-is-changing-the-nation Property and investment account for the biggest industries on the list Wealth and Asset Management Australia's biggest wealth manager to overhaul wealth planning arm amid crisis of confidence News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15711/australiaamp039s-biggest-wealth-manager-to-overhaul-wealth-planning-arm-amid-crisis-of-confidence The moves comes as the company announced this morning a 3 per cent decline in net profit to $382 million for the six months to June 30. Wealth and Asset Management Bank of East Asia revamps 'SupremeGold' for the young and wealthy News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15713/bank-of-east-asia-revamps-amp039supremegoldamp039-for-the-young-and-wealthy Local independent BEA (Bank of East Asia) is set to launch a crucial rebranding of its 'SupremeGold' brand, aimed at capturing the long-term loyalty of a younger crowd of high-net-worth individuals. Wealth and Asset Management The inevitable evolution of Asia’s wealth hubs News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15687/the-inevitable-evolution-of-asiaamprsquos-wealth-hubs As offshore moves onshore, will there be a challenge to the position of Singapore and Hong Kong as the wealth centres of Asia? Wealth and Asset Management Malaysian wealth management inks new deal News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15625/malaysian-wealth-management-inks-new-deal Finance firm Hume Capital Securities has secured a ‘significant’ deal with a Malaysian wealth management firm. Wealth and Asset Management China Universal to close wealth management fund News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15642/china-universal-to-close-wealth-management-fund The performance of the majority of short-term wealth management products have trailed the market because of low liquidity, as these closed-ended funds can only be subscribed to and redeemed on designated days. Wealth and Asset Management Family office concept gains traction in India News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15661/family-office-concept-gains-traction-in-india As Mumbai-based Waterfield Advisors builds a multi-family office with the backing of tech tycoons the Patni brothers, others are said to be making similar moves in India. Wealth and Asset Management LCH.Clearnet Appoints Head of SwapClear Australia News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15722/lchclearnet-appoints-head-of-swapclear-australia He was previously the director of SwapClear business change in the firm's London office, having joined LCH.Clearnet in 2009 as senior manager for over-the-counter clearing, risk and operations. Executive Moves China AMC general manager quits News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15724/china-amc-general-manager-quits China AMC was the second largest asset manager in the country Executive Moves Y&R Singapore makes senior hire News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15735/yampampr-singapore-makes-senior-hire Young & Rubicam Singapore has appointed Wedad Sunny as client services director. Executive Moves ING taps Eastspring’s Goyal for top emerging market equity job News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15700/ing-taps-eastspringamprsquos-goyal-for-top-emerging-market-equity-job ING IM has undergone a significant restructuring of its asset management business in Asia Executive Moves Perpetual appoints research head from SSgA News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15710/perpetual-appoints-research-head-from-ssga Perpetual Investments has appointed a State Street Global Advisors (SSgA) executive as its new head of research and consultant relationships. Executive Moves RBC GAM hires international CEO News Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15678/rbc-gam-hires-international-ceo He will oversee RBC GAM's business in Europe, the Middle East, Africa and the Asia-Pacific region Executive Moves Surprise exit for van Eyk asset consulting team News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15679/surprise-exit-for-van-eyk-asset-consulting-team The company has appointed Otto Rieth to replace Ramsay as its new head of asset consulting and strategic research. Executive Moves Nikko Asset sets up global multi-asset team in Singapore News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15682/nikko-asset-sets-up-global-multi-asset-team-in-singapore The team will oversee $24bn worth of assets for institutional and intermediary clients. Executive Moves UBS WM to name new head of global distribution News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15683/ubs-wm-to-name-new-head-of-global-distribution Most recently his title was head of investment mandates, programme and content management for Asia Pacific, based in Singapore Executive Moves Barclays managing director leaves News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15691/barclays-managing-director-leaves Among the China deals Barclays has been involved in are acting as an adviser to US hog producer Smithfield Food, which was acquired by Shuanghui International last year. Executive Moves 'A Practical Guide: Anti-Corruption Compliance in China' - King & Wood Mallesons News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15720/amp039a-practical-guide-anti-corruption-compliance-in-chinaamp039-king-ampamp-wood-mallesons This book crystalises the joint efforts of King & Wood Mallesons’ Anti-Bribery Compliance Team, including partners: Ms. Wu Wei, Mr. Harry Liu, Mr. Guan Feng , Legal, Regulation & Compliance Australian Federal Police seize millions from the bank accounts of nine Russian business people News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15732/australian-federal-police-seize-millions-from-the-bank-accounts-of-nine-russian-business-people The Gold Coast branch of the ANZ Bank sees its share of wealthy new customers, but few could match the smartly-dressed tourists with Russian accents who opened accounts in 2011 Legal, Regulation & Compliance New Zealand: Anti-Money Laundering – critical compliance date looms News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15741/new-zealand-anti-money-laundering-ampndash-critical-compliance-date-looms The first report is for the period from 1 July 2013 to 30 June 2014 Legal, Regulation & Compliance Standard Chartered Aims to Fix Money-Clearing System News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15746/standard-chartered-aims-to-fix-money-clearing-system Bank's Allegedly Flawed Systems Were Root of $300 Million Settlement With New York State Legal, Regulation & Compliance Macquarie's dirty little secret: Select clients were spared in BrisConnections float News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15681/macquarieamp039s-dirty-little-secret-select-clients-were-spared-in-brisconnections-float The investment bank allowed some wealthy customers to pull out of the ­BrisConnections initial public offering in 2008 when it looked like the float was going to tank, according to seven current and former Macquarie staff. Legal, Regulation & Compliance Standard Chartered reaches a settlement with the New York State Department of Financial Services News Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15686/standard-chartered-reaches-a-settlement-with-the-new-york-state-department-of-financial-services If a bank fails to live up to its commitments, there should be consequences Legal, Regulation & Compliance Ashurst hires major restructuring team in Asia News Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15697/ashurst-hires-major-restructuring-team-in-asia The team, which comprises Bertie Mehigan, Joel Hogarth, Ratih 'Ipop' Nawangsari and Debby Sulaiman, has acted on some of the most significant and high profile restructuring matters in the region over the last ten years, particularly in Indonesia Legal, Regulation & Compliance Macquarie linked to bankrupt Chinese property developer News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15718/macquarie-linked-to-bankrupt-chinese-property-developer A Macquarie-backed trust company has been caught up in China’s shadow banking woes following reports that one of its property development clients is bankrupt. Legal, Regulation & Compliance PwC takes on Aussie legal market with hire of ex-KWM partners News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15654/pwc-takes-on-aussie-legal-market-with-hire-of-ex-kwm-partners The Australian launch is part of a wider plan to transform PwC Legal into a top 20 global player within the next five years Legal, Regulation & Compliance Singapore bank reforms prioritise local depositors News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15656/singapore-bank-reforms-prioritise-local-depositors It follows other countries such as the US in requiring foreign banks with a significant presence to locally incorporate. Legal, Regulation & Compliance 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 China Finance Online Launches Web-Based Trading Platform News Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15638/china-finance-online-launches-web-based-trading-platform We are extremely excited to form this groundbreaking partnership with CITIC BankTech GBST Delivers First Live Contributions For Market Leading SMSF Service Providers News Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15545/gbst-delivers-first-live-contributions-for-market-leading-smsf-service-providers GBST has delivered its first live SuperStream electronic choice contributions messages destined for SMSFs BankTech Broadridge Signs MOU with Taiwanese Depositary to Cooperate with StockVote System News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15558/broadridge-signs-mou-with-taiwanese-depositary-to-cooperate-with-stockvote-system Broadridge will bring the benefits of StockVote to foreign shareholders BankTech BMO Global Asset Management Asia and LGM Investments Select Cloud-Based Charles River IMS for Hong Kong and London Operations News Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15536/bmo-global-asset-management-asia-and-lgm-investments-select-cloud-based-charles-river-ims-for-hong-kong-and-london-operations BMO Global Asset Management Asia and LGM Investments will use Charles River IMS in a fully hosted and managed environment for portfolio management BankTech Highly automated STP processes for Corporate Actions wins ERI an Award News Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15537/highly-automated-stp-processes-for-corporate-actions-wins-eri-an-award The International Business Awards programme recognizes the contributions of International firms with operations or offices in Singapore. BankTech Avaloq Banking Suite fully compliant with Australian tax system News Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15538/avaloq-banking-suite-fully-compliant-with-australian-tax-system The testing of this functionality was supported by EY (Ernst & Young). As the next step, Australian superannuation functionality is being developed and integrated into the Avaloq Banking Suite. BankTech Indian banks, securities firms to spend Rs 47000 cr on IT News Aggregation Team Friday, August 08, 2014 12:00 am http://www.apbankers.net/article/15440/indian-banks-securities-firms-to-spend-rs-47000-cr-on-it The predicted expenditure includes spend on internal IT (largely personnel), hardware, software, external IT services and telecommunications, it said in a statement. BankTech Macquarie shuts down suspended van Eyk funds News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15704/macquarie-shuts-down-suspended-van-eyk-funds Macquarie Investment Management has moved to terminate four van Eyk blueprint funds that were suspended last month following an illiquid investment. Alternative Investments SuMi Trust Expands Tokyo Office To Serve Asian Clients News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15723/sumi-trust-expands-tokyo-office-to-serve-asian-clients Besides serving existing clients, the team is working to expand SuMI's presence in the region. Alternative Investments Deutsche Bank lays seeds for future with warrants in Japan News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15728/deutsche-bank-lays-seeds-for-future-with-warrants-in-japan The market for contracts sold to investment banks expanded fivefold Alternative Investments OCBC to divest properties for expansion of business banking interest News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15729/ocbc-to-divest-properties-for-expansion-of-business-banking-interest OCBC had sent out feelers for the possible divestment at the right price Alternative Investments RSA sells Singapore, Hong Kong ops News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15739/rsa-sells-singapore-hong-kong-ops RSA Insurance Group has reached agreement, subject to regulatory approvals, to sell the insurance business of each of its branches in Singapore and Hong Kong to Allied World Assurance Company, Ltd. Alternative Investments Taiwan banks readying suite of RQFII funds News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15740/taiwan-banks-readying-suite-of-rqfii-funds Bank SinoPac, Citibank, E.Sun Bank and Taishin have all expressed interest in adding RMB-denominated qualified foreign institutional investor funds to their OBU platforms to provide access to mainland China’s onshore securities market. Alternative Investments Franklin Templeton launches 'Shubh Laabh' in Sitapur News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15742/franklin-templeton-launches-amp039shubh-laabhamp039-in-sitapur Franklin Templeton Investments (India), one of the largest mutual fund houses in the country have launched 'Shubh Laabh' - an initiative to help people learn, invest and prosper through mutual funds. Alternative Investments Christie's Auctioneers Unveil New Shanghai HQ In Historical Landmark Building News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15743/christieamp039s-auctioneers-unveil-new-shanghai-hq-in-historical-landmark-building The Art of The Horse, will be the opening exhibition at Christie's Shanghai on 21 October and tours to Hong Kong in November. Alternative Investments Schroder unveils global asset allocation fund News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15701/schroder-unveils-global-asset-allocation-fund The fund aims to provide investors with steady monthly income from the portfolio yield Alternative Investments L Capital looks to deploy $250 mn of its $1-bn Asia PE fund in India News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15703/l-capital-looks-to-deploy-250-mn-of-its-1-bn-asia-pe-fund-in-india L Capital Asia is understood to be looking at as many as four significant opportunities to invest in the near future Alternative Investments Asia: the Future of Islamic Finance News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15737/asia-the-future-of-islamic-finance Last month, Britain became the first government outside the Islamic world to issue sovereign sukuk, otherwise known as Islamic bonds, declaring its intention to become the western capital for Islamic finance. Islamic Finance International Experts to Lead Dialogue on Financial Connectivity at GIFF 2014 News Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15716/international-experts-to-lead-dialogue-on-financial-connectivity-at-giff-2014 In line with the Islamic finance industry's effort to embrace innovation, AIBIM introduced the GIFF 2014 mobile application Islamic Finance Indonesia draws up incentives to revive sukuk market News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15676/indonesia-draws-up-incentives-to-revive-sukuk-market Financial services authority will address lack of scale, sector consolidation Islamic Finance 'SIRAT' selected for Islamic Banking offering News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15644/amp039siratamp039-selected-for-islamic-banking-offering The Bank is in its 21st year of service and has been part of Islamic Banking industry for more than a decade Islamic Finance Indonesia eyes Islamic finance incentives in industry road map News Aggregation Team Monday, August 18, 2014 12:00 am http://www.apbankers.net/article/15633/indonesia-eyes-islamic-finance-incentives-in-industry-road-map The document is expected to be ready for public consultation by year-end, and will address issues including a lack of scale in the industry, sector consolidation and the role of foreign ownership, the OJK said in a statement to Reuters. Islamic Finance Pakistan's NBP eyes stake in Gulf-backed Burj Bank News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15552/pakistanamp039s-nbp-eyes-stake-in-gulf-backed-burj-bank Islamic banking is expanding on the back of several initiatives by regulators, aiming to double the branch network of Islamic banks Islamic Finance AIBIM gives thumb up to creation of mega Islamic bank News Aggregation Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15525/aibim-gives-thumb-up-to-creation-of-mega-islamic-bank CIMB Group Holdings Bhd, Malaysian Building Society Bhd and RHB Capital Bhd received approval from Bank Negara Malaysia on July 10, 2014 Islamic Finance Faith in Islamic finance on the rise in non-Muslim world-IFDI News Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15502/faith-in-islamic-finance-on-the-rise-in-non-muslim-world-ifdi Awareness about Islamic finance surged worldwide in 2013 Islamic Finance Scholar Fees Targeted by Regulators: Islamic Finance News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15505/scholar-fees-targeted-by-regulators-islamic-finance A well-respected expert can charge between $500 and $1,000 an hour in the Middle East, according to two scholars, who declined to be named due to the sensitivity of the issue. Islamic Finance Alliance Financial Group records a 5% drop in net profit News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15512/alliance-financial-group-records-a-5-drop-in-net-profit AFG said its consumer banking segment posted a 48.2% year-on-year drop in pre-tax profit to RM39.5mil Islamic Finance House of the year, Asia: Societe Generale News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15731/house-of-the-year-asia-societe-generale The success was the result of a long-term SG project to introduce forex as an asset class Investment Banking Bank of Tokyo-Mitsubishi UFJ ties up with Sri Lanka investment board News Aggregation Team Monday, August 18, 2014 12:00 am http://www.apbankers.net/article/15637/bank-of-tokyo-mitsubishi-ufj-ties-up-with-sri-lanka-investment-board The Bank of Tokyo-Mitsubishi UFJ said Monday it and the Board of Investment of Sri Lanka agreed on a tie-up to promote foreign investment in the country. Investment Banking Singapore's investment funds blaze ecommerce trail News Aggregation Team Sunday, August 17, 2014 12:00 am http://www.apbankers.net/article/15609/singaporeamp039s-investment-funds-blaze-ecommerce-trail GIC and Temasek made 24 investments in technology, telecoms and ecommerce groups, worth a total of $3.1bn, between August 2013 and July this year, according to data from the London-based centre. Investment Banking Megabanks’ $800 billion cash pile shows Abe must free up credit News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15562/megabanksamprsquo-800-billion-cash-pile-shows-abe-must-free-up-credit Abe needs to spur lending after the world’s third-largest economy shrank Investment Banking Standard Bank takes $80 mln hit on suspected China fraud News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15563/standard-bank-takes-80-mln-hit-on-suspected-china-fraud South Africa's Standard Bank said on Thursday it took an $80 million writedown from its exposure to a suspected metal financing fraud in China. Investment Banking ANZ’s $5.2 billion profit update News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15585/anzamprsquos-52-billion-profit-update ANZ has joined Australia's other big banking groups in announcing a solid profit performance. Investment Banking HDFC Bank approaches FIPB with a new proposal on foreign investments News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15549/hdfc-bank-approaches-fipb-with-a-new-proposal-on-foreign-investments "They have given a new proposal," said a government official, confirming the new submission. HDFC Bank declined to comment. Investment Banking Somerset hires replacement manager for UBS Asia-Pacific mandate News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15568/somerset-hires-replacement-manager-for-ubs-asia-pacific-mandate Mirabella Financial Services beat five other applicants Investment Banking Investment bankers in demand as companies scout to raise money News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15513/investment-bankers-in-demand-as-companies-scout-to-raise-money The 30-share benchmark index Sensex has risen 20 per cent to 25,519.24 points Investment Banking Australia: Investment bank to launch listed investment business News Aggregation Team Monday, August 11, 2014 12:00 am http://www.apbankers.net/article/15479/australia-investment-bank-to-launch-listed-investment-business The listed vehicle — Global Wealth Partners (GWP) -- will raise between $100m and $300m in an IPO to give local investors easy access to invest in global equities. It is understood that the units have been priced at $1.25 each. Investment Banking 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 Singapore to benefit from more-open Asian markets News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15658/singapore-to-benefit-from-more-open-asian-markets The Republic will benefit from having a more open and rule-based economic framework in Asia InvestmentView Could A Merger Between Standard Chartered And Prudential Be On The Cards? News Aggregation Team Sunday, August 17, 2014 12:00 am http://www.apbankers.net/article/15599/could-a-merger-between-standard-chartered-and-prudential-be-on-the-cards As Standard Chartered struggles, predators are circling the Asia-focused bank. InvestmentView Do the Brics need their own development bank? News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15576/do-the-brics-need-their-own-development-bank For the leaders of the Brics countries, the announcement in July of their agreement to establish a "New Development Bank" and a "Contingent Reserve Arrangement" was a public-relations coup. InvestmentView Singapore Head Regulator: Digital Currencies ‘Have a Role to Play’ Despite Risks News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15556/singapore-head-regulator-digital-currencies-amplsquohave-a-role-to-playamprsquo-despite-risks The Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, has commented on bitcoin and digital currencies in an interview, saying they “have a role to play” in the future. InvestmentView ANZ's newsroom shows how New Zealand banking is used to test promising banking talent, make them 'generalist bankers', and groom them for the top role in Australia News Aggregation Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15531/anzamp039s-newsroom-shows-how-new-zealand-banking-is-used-to-test-promising-banking-talent-make-them-amp039generalist-bankersamp039-and-groom-them-for-the-top-role-in-australia New National Australia Bank chief executive Andrew Thorburn heralded his rein by anointing a new court of senior management. InvestmentView Is Vietnam ready for private banking? News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15508/is-vietnam-ready-for-private-banking VPBank Securities intends to create Vietnam’s first onshore private banking service, which must overcome several hurdles if it is to succeed. InvestmentView China Needs to Get Busy Marketing BRICS Bank News Aggregation Team Sunday, August 10, 2014 12:00 am http://www.apbankers.net/article/15494/china-needs-to-get-busy-marketing-brics-bank A recent conference was a missed opportunity for Beijing to present the NDB as an alternative to Western finance. InvestmentView China's $343 Billion in the Shadows News Aggregation Team Friday, August 08, 2014 12:00 am http://www.apbankers.net/article/15451/chinaamp039s-343-billion-in-the-shadows The greater the repayment requirements, the greater the risk of a miss and the turmoil that might follow. InvestmentView 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 Malaysia's Maybank to raise up to $3.2 bln with capital securities programme News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15677/malaysiaamp039s-maybank-to-raise-up-to-32-bln-with-capital-securities-programme Malaysia's Malayan Banking Bhd, the country's largest bank by assets, said on Tuesday it won regulatory approval to raise up to 10 billion ringgit ($3.17 billion) to fund working capital, general corporate purposes and refinance its debt. Retail Banking ASEAN banks could eat Vietnam's retail lunch News Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15651/asean-banks-could-eat-vietnamamp039s-retail-lunch Local banks are the least positive of all about lending to small and medium-sized enterprise Retail Banking OCBC to raise $2.7bn to fund Wing Hang purchase News Aggregation Team Monday, August 18, 2014 12:00 am http://www.apbankers.net/article/15628/ocbc-to-raise-27bn-to-fund-wing-hang-purchase The Singapore firm took over Wing Hang for nearly $5bn last month in a bid to expand into the greater China market. Retail Banking KEB managers support early integration with Hana Bank News Aggregation Team Sunday, August 17, 2014 12:00 am http://www.apbankers.net/article/15604/keb-managers-support-early-integration-with-hana-bank High-ranking officials of Korea Exchange Bank have pledged to support the company’s push for early integration with Hana Bank, ahead of the scheduled date of 2017 Retail Banking Top Japanese banks racing to get Myanmar license News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15565/top-japanese-banks-racing-to-get-myanmar-license Interest of foreign banks to open branches in Myanmar came after the government changed its policy to allow a limited number of foreign banks to operate in the country. Retail Banking Philippines: FMIC’s net income in 6 months falls News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15592/philippines-fmicamprsquos-net-income-in-6-months-falls First Metro Investment Corporation, the investment banking arm of the Metrobank Group, reported yesterday that it realized consolidated net income of P1.64 billion at the end of the first half of 2014. Retail Banking New Zealand: ASB banks record $806m profit News Aggregation Team Wednesday, August 13, 2014 12:00 am http://www.apbankers.net/article/15532/new-zealand-asb-banks-record-806m-profit An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14 per cent to a record $806 million. Retail Banking CRDB's Indian desk bridging Tanzania, New Delhi businesses News Team Monday, August 11, 2014 12:00 am http://www.apbankers.net/article/15484/crdbamp039s-indian-desk-bridging-tanzania-new-delhi-businesses CRDB Bank has launched a special banking platform for Indian business communities’ that will allow them to utilize the banks numerous financial facilities without necessarily having to open accounts with the bank. Retail Banking Things have changed on mainland says Grant Thornton boss News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15745/things-have-changed-on-mainland-says-grant-thornton-boss The global parent “expelled” Grant Thornton from Hong Kong in 2010. About 400 people – out of a Hong Kong staff of 450, including three quarters of the partners – went to the rival BDO, jumping just before the expulsion took effect Tax Bitcoin: Australia's tax office announces it will not treat popular digital currency as money News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15689/bitcoin-australiaamp039s-tax-office-announces-it-will-not-treat-popular-digital-currency-as-money The Australian Taxation Office will not treat Bitcoin transactions as money, fuelling fears the industry will be driven offshore or underground. Tax AUSTRALIA: Accountants unprepared for regulation change News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15647/australia-accountants-unprepared-for-regulation-change Less than 50 per cent of accountants have begun preparing for the end of the accountants’ exemption, an industry poll has revealed. Tax Tax Office freezes assets of Perth investor News Aggregation Team Monday, August 18, 2014 12:00 am http://www.apbankers.net/article/15617/tax-office-freezes-assets-of-perth-investor THE Australian Taxation Office has frozen the bank accounts of an Australian investor and a $9.5 million share portfolio inclu­ding stakes in blue-chip stocks Wesfarmers and Coca-Cola Amatil in a clamp down believed to be a part of Project Wickenby. Tax Baker Tilly International adds Japanese firm to network News Aggregation Team Friday, August 15, 2014 12:00 am http://www.apbankers.net/article/15564/baker-tilly-international-adds-japanese-firm-to-network Baker Tilly International has yet to find a replacement firm for Baker Tilly in the UK but it is busy strengthening its network of firms elsewhere Tax Pakistan in bid to crack down on tax evasion News Aggregation Team Thursday, August 14, 2014 12:00 am http://www.apbankers.net/article/15575/pakistan-in-bid-to-crack-down-on-tax-evasion The Pakistan Government has decided to declare tax evasion as money laundering Tax Pakistan: Government declares tax evasion as money laundering News Aggregation Team Tuesday, August 12, 2014 12:00 am http://www.apbankers.net/article/15504/pakistan-government-declares-tax-evasion-as-money-laundering The government has decided to declare tax evasion as money laundering. Tax INDIA: 24,000 pieces of tax evasion data got from abroad News Aggregation Team Monday, August 11, 2014 12:00 am http://www.apbankers.net/article/15492/india-24000-pieces-of-tax-evasion-data-got-from-abroad The bulk of the information on these foreign accounts and statements, with a basic fledgling domestic connect in each of them, has been received from New Zealand, followed by Spain, the United Kingdom, Sweden and Denmark. Tax China Merchants Bank hedges bet over UK licence News Aggregation Team Sunday, August 10, 2014 12:00 am http://www.apbankers.net/article/15470/china-merchants-bank-hedges-bet-over-uk-licence Chinese bank also in talks with Luxembourg regulator in case of UK exit from European Union Tax French bank latest to fall to IRD tax avoidance net News Aggregation Team Thursday, August 07, 2014 12:00 am http://www.apbankers.net/article/15428/french-bank-latest-to-fall-to-ird-tax-avoidance-net The notes allowed debt and equity to be structured across borders in the most tax-efficient way, but only if tax authorities did not deem them to be avoidance. Tax 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 Australian sovereign wealth fund reports assets of AUD101bn+ News Aggregation Team Wednesday, August 06, 2014 12:00 am http://www.apbankers.net/article/15433/australian-sovereign-wealth-fund-reports-assets-of-aud101bn Original contributions to the fund from government valued at AUD60.5bn have generated investment returns of over $40bn and overall, the value of the sovereign wealth fund has increased to AUD101bn. Sovereign Wealth Macau urged to create SWF to invest reserves News Aggregation Team Friday, August 01, 2014 12:00 am http://www.apbankers.net/article/15331/macau-urged-to-create-swf-to-invest-reserves According to the IMF, the territory’s fiscal reserves stood at 58.7% of its overall GDP in 2013, or close to US$30 billion. It also projected that Macau’s economy would grow by 9% this year and by 10% in 2015. Sovereign Wealth Hong Kong’s Rich Get Richer as Economy Shrinks News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15717/hong-kongamprsquos-rich-get-richer-as-economy-shrinks The gap between Hong Kong’s rich and the rest of the population is widening as surging asset prices shield the wealthy from an economic contraction. Research Most Japanese HNWIs actively investing, survey finds News Aggregation Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15726/most-japanese-hnwis-actively-investing-survey-finds The survey found Japanese HNWIs with global portfolios have a more positive outlook on their returns Research Research results shows Big Banks facing a credibility crisis News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15734/research-results-shows-big-banks-facing-a-credibility-crisis More releases Accolades aplenty after Middletons Securities earns FPA Professional Practice announced about 1 month Annual product training linked to sales success, says Seeley International announced about 1 year Artisan San Remo pasta proves a perfec Research Top three positions continue to be captured by the same three fund houses News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15674/top-three-positions-continue-to-be-captured-by-the-same-three-fund-houses Independent financial advisors from 42 cities participated in this survey conducted last month and shared their insights on a wide range of business, market, products and asset management company partner confidence parameters. Research Emerging and Frontier Markets: Assessing Risk and Opportunity - RESEARCH News Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15685/emerging-and-frontier-markets-assessing-risk-and-opportunity-research Key factors that remain at the forefront for any entity planning to lease, own, or operate property in emerging and frontier markets include transparency risks regarding the reliability and accessibility of information about property rights as well as cor Research HDFC Bank is most valuable brand in India: BrandZ Report News Aggregation Team Wednesday, August 20, 2014 12:00 am http://www.apbankers.net/article/15690/hdfc-bank-is-most-valuable-brand-in-india-brandz-report Airtel is at No.2 spot; services businesses such as banking, telecom and insurance are prominent in the rankings Research How to prepare for Asia’s digital-banking boom by Joe Chen, Vinayak HV, and Kenny Lam, McKinsey News Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15640/how-to-prepare-for-asiaamprsquos-digital-banking-boom-by-joe-chen-vinayak-hv-and-kenny-lam-mckinsey A generation of digital-banking customers is rising across Asia. They will want full digital access to the latest offerings and a more personalized set of products and services. Research Family firms boost Indonesian wealth News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15657/family-firms-boost-indonesian-wealth But keeping it all in the family can often have its disadvantages. Research SABB/HSBC Emerging Markets Index (EMI): Emerging Markets Lose Pace in July despite Manufacturing Pick-up News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15664/sabbhsbc-emerging-markets-index-emi-emerging-markets-lose-pace-in-july-despite-manufacturing-pick-up The SABB/HSBC Emerging Markets Index (EMI), a monthly weighted composite indicator derived from national PMI survey reports in 17 emerging economies, fell to 51.7 in July, from 52.3 in June, indicating slower output growth across global emerging markets. Research “Emerging and Frontier Markets: Assessing Risk and Opportunity News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15666/ampldquoemerging-and-frontier-markets-assessing-risk-and-opportunity Key factors that remain at the forefront for any entity planning to lease, own, or operate property in emerging and frontier markets include transparency risks regarding the reliability and accessibility of information about property rights as well as cor Research RBC reports record Wealth Management net income News Team Friday, August 22, 2014 12:00 am http://www.apbankers.net/article/15744/rbc-reports-record-wealth-management-net-income Wealth Management net income was a record $285 million, up $52 million or 22% compared to last year, mainly due to higher average fee-based client assets across all businesses resulting from capital appreciation and net sales Company Results AMP profit falls 3 percent as restructure costs wipe out earnings gains News Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15709/amp-profit-falls-3-percent-as-restructure-costs-wipe-out-earnings-gains In wealth management, operating earnings for 1H 14 were up 16 per cent compared with 1H 13, reflecting increased investment related income from higher customer account balances, a strong rebound in net cashflows and good cost control in a growing business Company Results Korea’s asset managers’ net profits soar 51.8% News Aggregation Team Thursday, August 21, 2014 12:00 am http://www.apbankers.net/article/15721/koreaamprsquos-asset-managersamprsquo-net-profits-soar-518 Korean asset managers saw their net profit soar 51.8 percent in the first half of the year from a year earlier due to a rise in returns from stock investment Company Results Hong Kong’s Value Partners sees explosive first half growth News Aggregation Team Tuesday, August 19, 2014 12:00 am http://www.apbankers.net/article/15643/hong-kongamprsquos-value-partners-sees-explosive-first-half-growth The growth momentum of AUM appears to have been sustained going into the second half of the year. Improvement in fund performance and net sales sent the group’s AUM to an all-time high of US$10.7 billion as of the end of July. Company Results NAB lifts earnings to $1.6 billion News Aggregation Team Monday, August 18, 2014 12:00 am http://www.apbankers.net/article/15627/nab-lifts-earnings-to-16-billion The update, released on the Australian Securities Exchange (ASX) today also pointed to a stronger performance by the bank’s wealth management division. Company Results