The Asia Pacific Banking News Network http://www.apbankers.net/ Tue, 29 Jul 2014 20:51:53 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Asian wealthy warm to discretionary portfolios News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15257/asian-wealthy-warm-to-discretionary-portfolios It's a fairly tough sell in Asia though. Wealth and Asset Management UBS net rises 15pc as costs fall; bank settles German tax probe News Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15259/ubs-net-rises-15pc-as-costs-fall-bank-settles-german-tax-probe At the start of the third quarter of 2014, many of the underlying challenges and geopolitical issues that we have previously highlighted remain Wealth and Asset Management Leading wealth manager launches expanded direct advice business News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15263/leading-wealth-manager-launches-expanded-direct-advice-business Expanding its offering in the New Zealand marketplac Wealth and Asset Management From private jets to private banking: exciting career changes in Chinese financial services News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15269/from-private-jets-to-private-banking-exciting-career-changes-in-chinese-financial-services Financial services employers in mainland China are a fairly flexible lot when it comes to recruitment. Wealth and Asset Management Art appreciation for Asia's next generation of wealthy News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15255/art-appreciation-for-asiaamp039s-next-generation-of-wealthy Asia's next generation of wealthy have been interested in the arts lately, giving the market a renewed boost. Wealth and Asset Management Aust Unity bids for Premium Wealth Management News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15218/aust-unity-bids-for-premium-wealth-management The companies announced they had executed a non-binding indicative offer under which Australian Unity Personal Financial Services would acquire all the shares in Premium Wealth Management. Wealth and Asset Management Standard Chartered defends Peter Sands from attack News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15221/standard-chartered-defends-peter-sands-from-attack Chief executive Peter Sands is credited with devising the "Balti bail-out" that saved Britain's banks but is now under fire himself Wealth and Asset Management UBS Said to Sell Notes to Benefit From H.K.-Shanghai Link News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15229/ubs-said-to-sell-notes-to-benefit-from-hk-shanghai-link Investors will profit if the difference between the price of the shares narrows, the person said, asking not to be identified because the details are private. Wealth and Asset Management Coles keen to join the financial services club News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15176/coles-keen-to-join-the-financial-services-club Giving it a seat at the table among the nation’s leading wealth managers Wealth and Asset Management RBC Wealth Management boosts team News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15126/rbc-wealth-management-boosts-team The veteran private banker is said to be joining former employer RBC Wealth Management, having left Coutts earlier this month. RBS is reportedly considering selling the overseas arm of the private bank. Wealth and Asset Management ICICI Bank’s K Ramkumar moves from HR to head CSR division News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15258/icici-bankamprsquos-k-ramkumar-moves-from-hr-to-head-csr-division ICICI will be investing Rs 250-Rs 300 crore a year in the ICICI Foundation Executive Moves Former Barclays Family Office head resurfaces in key role News Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15261/former-barclays-family-office-head-resurfaces-in-key-role She was most recently Global Head of Key Clients and Family Offices at Barclays Wealth and Investment Management in London. Executive Moves Citi to hire 100 bankers in Asia, eyes more business from smaller clients News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15268/citi-to-hire-100-bankers-in-asia-eyes-more-business-from-smaller-clients The increase in headcount, which represents a 10 percent boost for Citi's Asia-Pacific commercial banking unit, is aimed at offering firms with annual sales of between $10 million and $500 million additional services such as foreign exchange and cash Executive Moves New Zealand central bank official to head Asia-Pacific finance markets group News Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15251/new-zealand-central-bank-official-to-head-asia-pacific-finance-markets-group The Working Group on Financial Markets reviews central bank policies and developments in foreign exchange, money and bond markets in the region, and plays a key role in establishment of the EMEAP's Asian Bond Fund. Executive Moves Ex-STB marketing chief joins OCBC News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15220/ex-stb-marketing-chief-joins-ocbc OCBC Bank has appointed previous Singapore Tourism Board marketing chief as its head of advertising and branding. Executive Moves Macquarie sheds 300 planners after advice crackdown News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15226/macquarie-sheds-300-planners-after-advice-crackdown Once Australia’s biggest financial advice players, Macquarie Private Wealth now employs 300 private client financial advisers, compared to 600 disclosed in 2012. Executive Moves Royal Bank of Scotland names India Country Executive News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15197/royal-bank-of-scotland-names-india-country-executive The Royal Bank of Scotland today announced the appointment of Brijesh Mehra as the Country Executive for India. Executive Moves Deutsche wealth arm appoints Japan real estate head News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15174/deutsche-wealth-arm-appoints-japan-real-estate-head The position of head of real estate, Japan, was previously held on an interim basis by Koichiro Obu. Executive Moves Former Macquarie exec resurfaces at BT News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15177/former-macquarie-exec-resurfaces-at-bt Prior to taking a sabbatical in May last year, Mouat was at Macquarie Capital Securities for 20 years, holding the position of senior managing director of the India division for the last four of those. Executive Moves JPMorgan names former Citi executive to lead China bank News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15184/jpmorgan-names-former-citi-executive-to-lead-china-bank He joined JPMorgan in January and previously held leading roles at Citigroup, including senior country officer in Vietnam. Executive Moves Conyers advises Jinmao (China) Investments Holdings Limited on US$500 million IPO News Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15271/conyers-advises-jinmao-china-investments-holdings-limited-on-us500-million-ipo This IPO is the fourth Business Trust listed in Hong Kong, Conyers having advised on each of such listings. Legal, Regulation & Compliance HK life ban for Union Securities duo News Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15249/hk-life-ban-for-union-securities-duo An SFC investigation found that Union Securities, with the involvement of Ma and Cheng, misappropriated approximately $400,000 from two clients who thought they were depositing those moneys for settlement of orders. Legal, Regulation & Compliance Japanese hedge fund challenges regulators in insider trade case News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15253/japanese-hedge-fund-challenges-regulators-in-insider-trade-case A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers acted on an insider tip of a share offering by energy firm Inpex Corp. Legal, Regulation & Compliance Mixed reaction to possible changes in Chinese JV rules News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15202/mixed-reaction-to-possible-changes-in-chinese-jv-rules A potential relaxation in regulations governing asset management joint ventures (JVs) in China has received a mixed reaction from the industry, Asia Asset Management found. Legal, Regulation & Compliance Slaughters adds to Hong Kong partnership to bring total to 13 News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15205/slaughters-adds-to-hong-kong-partnership-to-bring-total-to-13 Over time we’ve made periodic promotions in Hong Kong when the moment is right Legal, Regulation & Compliance Macquarie spends $49 million to fix private wealth News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15211/macquarie-spends-49-million-to-fix-private-wealth Macquarie also came under fire as a Senate committee report last month recommended a royal commission Legal, Regulation & Compliance Mayer Brown taps Bryan Cave for five-strong Asia consulting team News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15214/mayer-brown-taps-bryan-cave-for-five-strong-asia-consulting-team Mayer Brown has poached a five-person team from Bryan Cave in Singapore to set up an Asia-focused consulting arm in the city-state. Legal, Regulation & Compliance RBS fined $1.6 million after rigging local interest rate News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15150/rbs-fined-16-million-after-rigging-local-interest-rate RBS will make a voluntary contribution of $1.6 million to finance independent financial literacy projects in Australia as part of an enforceable undertaking, according to a release the Australian Securities and Investment Commission. Legal, Regulation & Compliance Philippines enacts law letting foreign banks fully own local lenders News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15151/philippines-enacts-law-letting-foreign-banks-fully-own-local-lenders The act replaces a cap of 60 percent on foreign ownership of Philippine lenders and abolishes restrictions that have allowed only 10 foreign banks to have fully-owned operations in the country. Legal, Regulation & Compliance NZ c.bank to review bank rules, aims to simplify regulations News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15160/nz-cbank-to-review-bank-rules-aims-to-simplify-regulations New Zealand's central bank on Tuesday said it would begin a review of the country's banking regulations this month to assess their effectiveness in the aftermath of the global financial crisis. Legal, Regulation & Compliance UK’s DST sees strong Asia interest in IBOR solutions News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15239/ukamprsquos-dst-sees-strong-asia-interest-in-ibor-solutions Even with the lift provided by the growing demand on the asset servicing side, however, Mr. Kennedy admits that many Asian investors still do not have a clear understanding of the IBOR concept. BankTech ING Vysya Selects Mindtree as a Strategic Digital Partner News Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15222/ing-vysya-selects-mindtree-as-a-strategic-digital-partner Our digital roadmap will help us level the playing field with our larger competitors BankTech Financial services technology solutions provider creates product development role News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15209/financial-services-technology-solutions-provider-creates-product-development-role The company said he would oversee global software research and development, product innovation, delivery and quality assurance for Sonata. BankTech Harvey Nash to provide support for investment firm across Europe, Asia and USA News Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15190/harvey-nash-to-provide-support-for-investment-firm-across-europe-asia-and-usa Harvey Nash to deliver infrastructure end-user support to the company’s global operations in multiple locations across North America, Europe and Asia. BankTech Closing the Door on Cyber-Security Threats by Lisa McLaughlin, SS&C Technologies News Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15143/closing-the-door-on-cyber-security-threats-by-lisa-mclaughlin-ssampampc-technologies You don’t need to be a cyber-security expert to realize that threats to the security and integrity of information systems are at an all-time high, and are only going to increase. BankTech Australian Wealth Management firm Chooses NetSuite to Support Business Growth News Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15158/australian-wealth-management-firm-chooses-netsuite-to-support-business-growth Australian Wealth Management and Financial Services Challenger Supports Rapid Growth with NetSuite Cloud BankTech BT launches Avaloq-powered platform News Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15075/bt-launches-avaloq-powered-platform Going live for Avaloq Banking Suite on new BT Panorama Operating Platform creates new opportunities for Avaloq to enter the global platform market. BankTech The Japanese Need To Watch Out For This Banking Trojan News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15082/the-japanese-need-to-watch-out-for-this-banking-trojan The banking trojan, Neverquest, is continuing to evolve as it targets the Japanese, German and American banking sectors BankTech Nomura Asset Management implements NRI T-star product suite News Aggregation Team Wednesday, July 16, 2014 12:00 am http://www.apbankers.net/article/15031/nomura-asset-management-implements-nri-t-star-product-suite Investment advisory reporting in Japan can be an extremely cumbersome proces BankTech UK has overtaken Australia for platform innovation: Bravura News Aggregation Team Wednesday, July 16, 2014 12:00 am http://www.apbankers.net/article/15045/uk-has-overtaken-australia-for-platform-innovation-bravura Wealth platforms in the United Kingdom have leap-frogged Australian platforms because investor experience and utility is their differentiator, not the underlying technology itself. BankTech Newedge embarks on prime broking expansion drive News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15264/newedge-embarks-on-prime-broking-expansion-drive Agency broker Newedge is developing its stock-lending and equities execution capabilities following its acquisition by Société Générale this year and a global restructuring in 2012. Alternative Investments HKMA and Bank of Thailand launch linked clearing system News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15265/hkma-and-bank-of-thailand-launch-linked-clearing-system Two markets will now be able to transact US dollar deals during Asian banking hours Alternative Investments Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15266/every-penny-of-hk3-trillion-exchange-fund-needed-for-amplsquocrisesamprsquo-says-hkma-chief HKMA chief Norman Chan says not one cent of the HK$3 trillion reserve can be spared for government spending on welfare or infrastructure Alternative Investments China to create regional asset managers to mop up bad debt News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15270/china-to-create-regional-asset-managers-to-mop-up-bad-debt The move follows a surge in non-performing loans (NPLs) in recent months, most notably in export-focused regions like the Yangtze River Delta and Guandong, where firms are battling rising costs and weak domestic demand. Alternative Investments Boom ups Filipinos’ per capita income at $2,765 in 2013; luxury goods sale risin News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15241/boom-ups-filipinosamprsquo-per-capita-income-at-2765-in-2013-luxury-goods-sale-risin World Bank data showed that alongside the expansion of the Philippines’ gross domestic product (GDP), or output of goods and services, came the rise in the purchasing power of Filipino consumers. Alternative Investments Morningstar boss eyes Asian expansion News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15248/morningstar-boss-eyes-asian-expansion Fund research and investment management are areas of focus, with the investment consultancy’s chief executive, Joe Mansueto, bullish on China. Alternative Investments SBI plans share sale in insurance, asset management unit News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15252/sbi-plans-share-sale-in-insurance-asset-management-unit The lender is planning to list its insurance units Alternative Investments BlackRock to roll out multi-asset fund in India News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15254/blackrock-to-roll-out-multi-asset-fund-in-india BlackRock, the world's largest mutual fund which manages assets worth about $4.6 trillion, is launching its global multi-asset fund in India through the fund-of-funds route. Alternative Investments Australia companies head offshore to boost revenue News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15234/australia-companies-head-offshore-to-boost-revenue Australia is, in our view, heading into a much weaker, a much lower demand environment Alternative Investments Credit Agricole to issue dollar-denominated bonds in Taiwan News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15217/credit-agricole-to-issue-dollar-denominated-bonds-in-taiwan One of the tranches will issue an interest payment of 4 percent over the term of the bond Alternative Investments Philippine Islamic bank eyes new life after years of struggle News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15247/philippine-islamic-bank-eyes-new-life-after-years-of-struggle The case of Al Amanah highlights the challenges that Muslim minorities face in accessing interest-free banking services outside of Islamic banking's core centres in the Middle East and Southeast Asia. Islamic Finance Bank Islam Bags Three Awards At International Banker's Annual Awards Event News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15212/bank-islam-bags-three-awards-at-international-bankeramp039s-annual-awards-event International Banker is a subsidiary of Finance Publishing, the world's leading sources of authoritative analysis on finance, international banking, and world affairs. Islamic Finance Pakistan to target USD1bn from Islamic bond News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15181/pakistan-to-target-usd1bn-from-islamic-bond Pakistan is looking to raise USD1bn from an Islamic bond denominated in US dollars and plans to finalise arrangers within two weeks, according to a finance ministry official. Islamic Finance KL's Islamic megabank a threat to HSBC News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15194/klamp039s-islamic-megabank-a-threat-to-hsbc Malaysian Prime Minister Najib Razak's goal of creating an Islamic "megabank" is gaining momentum, posing a threat to HSBC Holdings plc's position as the top global sukuk arranger. Islamic Finance After opening doors to differentiated banks, RBI now reviews Islamic banking norms News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15166/after-opening-doors-to-differentiated-banks-rbi-now-reviews-islamic-banking-norms The model doesn't accept deposits, only investments, which, more or less, make banking a venture capital activity. Islamic Finance Intra-Trade, Investments In Muslim World To Grow Further News Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15090/intra-trade-investments-in-muslim-world-to-grow-further The European Union and Americas are very well aware of the Muslim world's economic development and its population growth Islamic Finance Three-way bank merger in Malaysia to disrupt old ways of Islamic finance News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15103/three-way-bank-merger-in-malaysia-to-disrupt-old-ways-of-islamic-finance The Islamic units of market leaders such as HSBC Holdings PLC and Standard Chartered PLC have long used their parents' vast networks to win leading roles in global deals. Islamic Finance Banco do Brasil adds to comeback in Islamic funds News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15073/banco-do-brasil-adds-to-comeback-in-islamic-funds The sector is reviving: Islamic mutual funds now hold $58 billion of assets under management, up from $41 billion at the end of 2012, recovering from a low of $36 billion in 2010, according to Lipper data. Islamic Finance Islamic finance body IILM re-issues $890 mln sukuk News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15078/islamic-finance-body-iilm-re-issues-890-mln-sukuk Malaysia-based International Islamic Liquidity Management Corp has reissued $860 million of its three-month Islamic bond Islamic Finance Hong Leong Bank raises lending, FD rates News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14985/hong-leong-bank-raises-lending-fd-rates Its move to raise the rates was made after Bank Negara Malaysia's monetary policy committee decided to raise the overnight policy rate by 25bps to 3.25% last Thursday. Islamic Finance Singapore expresses intent to join China-led regional bank News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15256/singapore-expresses-intent-to-join-china-led-regional-bank invitation to become a founding member of a new regional bank to fund infrastructure projects in Asia, said Singapore’s Ministry of Foreign Affairs. Investment Banking Nomura Profit Falls More Than Estimated on Broking Slump News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15267/nomura-profit-falls-more-than-estimated-on-broking-slump The firm led by Chief Executive Officer Koji Nagai is also grappling with increased competition in investment banking, leading to a slip in rankings for mergers and acquisitions advisers and debt underwriters. Investment Banking Legg Mason to buy Martin Currie News Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15216/legg-mason-to-buy-martin-currie A truly international client base with a balanced spread across Australia, Asia, EMEA and the US. Investment Banking Investors nearing $2 billion deal to buy stake in China bad debt manager Huarong - sources News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15161/investors-nearing-2-billion-deal-to-buy-stake-in-china-bad-debt-manager-huarong-sources Goldman Sachs and private equity firm Warburg Pincus are among the investors nearing a deal to buy an up to 20 percent stake in China Huarong Asset Management Ltd for about $2 billion Investment Banking Thailand to help launch investment bank for Asia News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15058/thailand-to-help-launch-investment-bank-for-asia As an AIIB member, Thailand would be entitled to benefits in terms of financial |assistance, particularly for the infrastructure mega-projects that the country plans to invest in. Investment Banking Ethiopia seeks out Indian banks to boost investment News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15081/ethiopia-seeks-out-indian-banks-to-boost-investment In a sign of Africa's growing confidence in India's investment potential to boost its growing economy, Ethiopia has sought that the Indian banking system engage with this East African nation's financial sector despite its banking sector bei Investment Banking HSBC seems to find it easier to pay fines than fix corporate culture News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14961/hsbc-seems-to-find-it-easier-to-pay-fines-than-fix-corporate-culture Since the financial crisis, global banks have evolved from "too big to fail" into "too big to jail" Investment Banking India: Domestic investment banks gain on ‘bulge bracket’ foreign rivals News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14962/india-domestic-investment-banks-gain-on-amplsquobulge-bracketamprsquo-foreign-rivals Their fortunes swung sharply in June quarter, largely because of the rush of stock sales through QIP route Investment Banking FGB to commence operations in South Korea through new representative office News Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14972/fgb-to-commence-operations-in-south-korea-through-new-representative-office With over 14 years of experience in banking and finance, Woojin Han will be heading the new office Investment Banking Analysts query logic of Malaysia 3-way bank merger News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14984/analysts-query-logic-of-malaysia-3-way-bank-merger The combined entity would have assets of Rm597bn ($188bn) as of the end of 2013, overtaking Maybank’s Rm560bn. Investment Banking Niche planning groups hold most valuable planners and clients News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15272/niche-planning-groups-hold-most-valuable-planners-and-clients The growth of the planning sector and the space occupied by institutions who own financial planning groups would indicate there is some intrinsic value in having financial planners on the books. InvestmentView Philippine banks not ready for competition News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15242/philippine-banks-not-ready-for-competition The Philippine Chamber of Commerce and Industry warned over the weekend the entry of foreign banks under a newly enacted law will threaten the viability of smaller local banks. “It is a threat to our own banking and financing system. Everybody says InvestmentView Are Indian banks ‘too big to fail’? News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15245/are-indian-banks-amplsquotoo-big-to-failamprsquo Their size and business models suggest they may need to be seen from a different perspective InvestmentView Hong Kong warns of capital outflows despite currency's strength News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15246/hong-kong-warns-of-capital-outflows-despite-currencyamp039s-strength That caused the Hong Kong Monetary Authority, the de-facto central bank, to absorb more than US$5.6 billion in inflows and inject more than HK$40 billion (S$6.4 billion) into local money markets. InvestmentView Private banks must change tack as wealth shifts to emerging markets News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15235/private-banks-must-change-tack-as-wealth-shifts-to-emerging-markets An emerging market entrepreneur is a lot more likely to come to the bank looking for a business loan than a wealth fund InvestmentView China’s Central Bankers Get Creative News Aggregation Team Saturday, July 26, 2014 12:00 am http://www.apbankers.net/article/15236/chinaamprsquos-central-bankers-get-creative The People’s Bank of China has a difficult role to play. But is it constraining market forces? InvestmentView Philippines' bank liberalisation increases investment appeal News Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15223/philippinesamp039-bank-liberalisation-increases-investment-appeal The Philippines is attractive because it is still relatively undeveloped and there are a lot of opportunities InvestmentView One woman’s career journey from back office banking to ING boss in Singapore News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15224/one-womanamprsquos-career-journey-from-back-office-banking-to-ing-boss-in-singapore Catherine Low began her banking career more than 20 years ago by working in the back office InvestmentView Brics: The acronym that went Pinocchio News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15198/brics-the-acronym-that-went-pinocchio The real test of the resolve of Brics countries will come in dealing with crises that affect the non-democratic world InvestmentView Singapore c.bank records S$15.84 bln profit, helped by FX valuation gains News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15207/singapore-cbank-records-s1584-bln-profit-helped-by-fx-valuation-gains The central bank's net profit for the last financial year ended in March InvestmentView Bank Asia profits rise 35pc News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15244/bank-asia-profits-rise-35pc Bank Asia's net profits rose 34.74 percent to Tk 66 crore in the six months to June on the back of higher recovery of loans. Retail Banking Maybank, CIMB rivalry extends to Philippines? News Aggregation Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15250/maybank-cimb-rivalry-extends-to-philippines A newspaper report last week said that talks on CIMB’s possible acquisition of state-controlled Al-Amanah Islamic Investment Bank of the Philippines have become “more serious” -- possibly serving as CIMB’s entry point here. Retail Banking Banks shift from businesses to individual customers in Vietnam News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15233/banks-shift-from-businesses-to-individual-customers-in-vietnam Vietnamese banks seeking to shift from business borrowers to individual customers amid ample deposits and low credit growth say they're battling poor customer loyalty and competition from foreign credit institutions. Retail Banking Philippines: EastWest Bank to start offering renminbi accts News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15237/philippines-eastwest-bank-to-start-offering-renminbi-accts The bank has signed an agreement with the Manila branch of Bank of China for the new product offerings, intended to serve the needs of retail and corporate clients doing business in China. Retail Banking NAB offloads $1.2bn in UK loans News Aggregation Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15238/nab-offloads-12bn-in-uk-loans The distressed debt, reportedly sold in the past week, was put up for sale as part of NAB’s Project Chestnut earlier this year through Morgan Stanley, timed to coincide with improving demand for commercial property and ahead of the British elections Retail Banking Indian Bank Q1 net dips 35 per cent News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15230/indian-bank-q1-net-dips-35-per-cent Shares of the bank were trading 5.63 per cent down at Rs 151.80 apiece during afternoon trade on the Bombay Stock Exchange. Retail Banking Malaysia's CIMB eyes banking licences in Vietnam, Myanmar News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15183/malaysiaamp039s-cimb-eyes-banking-licences-in-vietnam-myanmar CIMB Group Holdings Bhd , Malaysia's second-largest lender, plans to seek banking licences in Vietnam and Myanmar as part of its drive to expand in fast-growing Southeast Asian markets. Retail Banking DBS added 1000 more staff in 2013 News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15167/dbs-added-1000-more-staff-in-2013 It topples UOB to become Singapore's second largest commercial bank. Retail Banking HSBC reveals third-party plans News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15062/hsbc-reveals-third-party-plans The confirmation comes after months of speculation and eagerness among aggregators to add the lender to their panels Retail Banking Bidders circle as NAB offloads non-performing British loans News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15067/bidders-circle-as-nab-offloads-non-performing-british-loans National Australia Bank’s $1.2 billion sale of a portfolio of British loans is picking up pace, drawing interest from four parties including giant debt investors Oaktree Capital Management and Pimco. Retail Banking Australia: New proposal for enhanced customer due diligence on all foreign nationals and review of implementation of FATCA News Team Monday, July 28, 2014 12:00 am http://www.apbankers.net/article/15243/australia-new-proposal-for-enhanced-customer-due-diligence-on-all-foreign-nationals-and-review-of-implementation-of-fatca The Treasury recently released a discussion paper seeking submissions, along with a short consultation period which has just closed click here to see discussion paper. Tax Singapore becomes the fourth signatory of double taxation agreement with Seychelles this year News Team Sunday, July 27, 2014 12:00 am http://www.apbankers.net/article/15240/singapore-becomes-the-fourth-signatory-of-double-taxation-agreement-with-seychelles-this-year According to the Seychelles foreign affairs ministry the agreement was signed in New York between the Seychelles Ambassador to the United Nations, Marie-Louise Potter and her Singaporean counterpart, Karen Tan on July 9. Tax Standard for Automatic Exchange of Financial Information in Tax Matters News Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15146/standard-for-automatic-exchange-of-financial-information-in-tax-matters New single global standard for the automatic exchange of information between key authorities worldwide Tax Black Money: India making all efforts to get Swiss banks a/c holders' list News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15109/black-money-india-making-all-efforts-to-get-swiss-banks-ac-holdersamp039-list The Finance Minister said the list of 700 illegal Indian Swiss bank account holders was received from the French government which it had received from the HSBC bank data. Tax US entices NRIs to disclose their unreported assets News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15063/us-entices-nris-to-disclose-their-unreported-assets The SFOP is a game changer for non-resident and resident (who would use the Streamlined Domestic Offshore Procedures ( SDOP)) taxpayers alike Tax Budget brings tax worries for foreign portfolio investments News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/14988/budget-brings-tax-worries-for-foreign-portfolio-investments It is more attractive to be based out of jurisdictions where the treaty exempts taxes Tax Budget brings tax worries for foreign portfolio investments News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/14998/budget-brings-tax-worries-for-foreign-portfolio-investments The proportion of institutional investors that will be affected depends on how many of them were treating portfolio transactions as business income for tax purposes. Tax India: Government yet to decide on tax evasion rule GAAR's implementation News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15009/india-government-yet-to-decide-on-tax-evasion-rule-gaaramp039s-implementation The GAAR provisions were introduced in the 2012-13 budget by then finance minister Pranab Mukherjee to check tax avoidance and were originally planned to be implemented from April 1, 2014. Tax Luxembourg passes bilateral tax pact with Taiwan News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/14976/luxembourg-passes-bilateral-tax-pact-with-taiwan Luxembourg’s parliament approved an agreement July 9 with Taiwan to avoid double taxation and prevent fiscal evasion. Tax New decision on wording of Cyprus-India double tax agreement News Aggregation Team Sunday, July 13, 2014 12:00 am http://www.apbankers.net/article/14950/new-decision-on-wording-of-cyprus-india-double-tax-agreement Cyprus company Glendive Enterprises Limited entered into an agreement with Arabian Resources FZC to provide a ship to transport bauxite ore Tax BRICS Bank Is Mostly a Jointly Managed Sovereign Wealth Fund (SWF), and Opportune Time for a Japan-India SWF News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15165/brics-bank-is-mostly-a-jointly-managed-sovereign-wealth-fund-swf-and-opportune-time-for-a-japan-india-swf Having attended many Board meetings of the World Bank Group as part of the Executive Offices, I was struck by similarities and also some major differences. Sovereign Wealth Lone Star reopens Tokyo property deal as GIC talks stall News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15015/lone-star-reopens-tokyo-property-deal-as-gic-talks-stall Lone Star gained control of most of the Meguro Gajoen in 2002 by buying debt owed by the founding Hosokawa family from a group of lenders at a discount and made several attempts to sell the property since 2006. Sovereign Wealth Singapore’s Temasek posts lacklustre annual return News Aggregation Team Thursday, July 10, 2014 12:00 am http://www.apbankers.net/article/14903/singaporeamprsquos-temasek-posts-lacklustre-annual-return This year has been one of our most active years for new investments Sovereign Wealth Sundaram Asset Starts New India Fund From Singapore on Modi Win News Aggregation Team Monday, July 07, 2014 12:00 am http://www.apbankers.net/article/14869/sundaram-asset-starts-new-india-fund-from-singapore-on-modi-win Sundaram Asset Management Co. opened its first offering that will be managed from Singapore Sovereign Wealth Abu Dhabi Sovereign Wealth Fund Targets Chinese Growth News Team Wednesday, July 02, 2014 12:00 am http://www.apbankers.net/article/14716/abu-dhabi-sovereign-wealth-fund-targets-chinese-growth The Abu Dhabi Investment Authority, one of the world's biggest sovereign wealth funds, kept target asset-allocation ranges constant last year as it projected a continuation of emerging-market growth and slow recovery in the developed world. Sovereign Wealth Policy-makers looking to allow FIs to buy government bonds from sovereign wealth and pension funds News Aggregation Team Wednesday, July 02, 2014 12:00 am http://www.apbankers.net/article/14735/policy-makers-looking-to-allow-fis-to-buy-government-bonds-from-sovereign-wealth-and-pension-funds Foreign funds had lapped up government bonds last year and earlier this year Sovereign Wealth Temasek launches office in New York City News Aggregation Team Friday, June 27, 2014 12:00 am http://www.apbankers.net/article/14648/temasek-launches-office-in-new-york-city Office reflects confidence in US economy and US companies, says PM Lee Sovereign Wealth Sovereign wealth funds ramp up alternatives exposure News Aggregation Team Monday, June 23, 2014 12:00 am http://www.apbankers.net/article/14509/sovereign-wealth-funds-ramp-up-alternatives-exposure Amongst Asian sovereigns, 60% are expecting to increase allocations to real estate in 2014 Sovereign Wealth China’s CIC Vows to Better Investment Management After Audit News Aggregation Team Thursday, June 19, 2014 12:00 am http://www.apbankers.net/article/14462/chinaamprsquos-cic-vows-to-better-investment-management-after-audit China Investment Corp., the nation’s $575 billion sovereign wealth fund, said it is improving how it manages overseas investments after state auditors said mismanagement led to losses. Sovereign Wealth China's $575bn Sovereign Wealth Fund Makes Losses on Management Failures News Aggregation Team Wednesday, June 18, 2014 12:00 am http://www.apbankers.net/article/14427/chinaamp039s-575bn-sovereign-wealth-fund-makes-losses-on-management-failures China's National Audit Office has revealed that its sovereign wealth fund has lost millions of dollars due to mismanagement of its overseas investments and the losses could still widen. Sovereign Wealth Asia-Pacific's private wealth surges as region closes in on North America News Aggregation Team Tuesday, July 29, 2014 12:00 am http://www.apbankers.net/article/15262/asia-pacificamp039s-private-wealth-surges-as-region-closes-in-on-north-america A key driver in the rise of private wealth in the Asia-Pacific region has been strong gross domestic product growth over the past five years, especially in China, India, and Indonesia. Research Singapore's asset management industry grows assets by 11.8% in 2013 News Aggregation Team Friday, July 25, 2014 12:00 am http://www.apbankers.net/article/15231/singaporeamp039s-asset-management-industry-grows-assets-by-118-in-2013 The asset management industry continued to grow last year, driven by sustained interest among regional and global investors in investing in Asia. Research INDIA: Luxury travel, lavish gifts are top trends among super wealthy News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15203/india-luxury-travel-lavish-gifts-are-top-trends-among-super-wealthy He ordered 60 Rolex watches to be sent out with invitation cards for his daughter's wedding. Research Singapore's fund industry grows assets under management 11.8% News Aggregation Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15204/singaporeamp039s-fund-industry-grows-assets-under-management-118 The Asia-Pacific region continues to be a key investment destination for global investors Research Chinese Consumers: Increasingly Optimistic but Also Realistic News Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15206/chinese-consumers-increasingly-optimistic-but-also-realistic BCG Study Finds Chinese Consumers Cautiously Optimistic. Middle-Class and Affluent Consumers from Smaller Cities Will Spend More Across the Board, While Those in Bigger Cities Will Spend at Higher Prices in Fewer Categories Research EDHEC-Risk Institute study shows room to improve investment solutions in the Australian super system News Team Thursday, July 24, 2014 12:00 am http://www.apbankers.net/article/15213/edhec-risk-institute-study-shows-room-to-improve-investment-solutions-in-the-australian-super-system It also proposes a reporting and certification scheme of retirement solutions that would allow solution providers to signal to fund members Research Global Consumers: Concerned and Willing to Engage in the Battle Against Fraud News Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15180/global-consumers-concerned-and-willing-to-engage-in-the-battle-against-fraud Financial institutions must help consumers understand how they can protect themselves against fraud Research Moody's: Asian banks' regional expansion alters risk profiles News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15186/moodyamp039s-asian-banksamp039-regional-expansion-alters-risk-profiles Moody's Investors Service says that the regional expansion among Asian banks seen over the past five years brings diversification benefits, but may also present greater uncertainties to banks' growth strategies. Research INDAI: Number of ultra rich to rise threefold to 3.43 lakh in 3 years: Study News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15196/indai-number-of-ultra-rich-to-rise-threefold-to-343-lakh-in-3-years-study The number of ultra-high networth individuals (UHNIs) having an investible surplus of over Rs 25 crore rose 16 per cent to 1.17 lakh last fiscal, and this is estimated to triple to 3.43 lakh in the next three years. Research High net worth individuals in India will be doubled in 10 years: Report News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15152/high-net-worth-individuals-in-india-will-be-doubled-in-10-years-report The report said increasingly these HNWIs will look for investing in homes abroad. Research