The Asia Pacific Banking News Network http://www.apbankers.net/ Thu, 24 Jul 2014 00:14:58 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP 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 HSBC Premier awards its communication mandate to L&K Saatchi & Saatchi News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15164/hsbc-premier-awards-its-communication-mandate-to-lampampk-saatchi-ampamp-saatchi HSBC has awarded its communication mandate to L&K Saatchi & Saatchi for the re-launch of its Premier offering in India. Wealth and Asset Management Singapore set to overtake Switzerland as world’s largest wealth management hub: report News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15168/singapore-set-to-overtake-switzerland-as-worldamprsquos-largest-wealth-management-hub-report Bankers are in very great demand. Wealth and Asset Management [SUPER RICH] From mutual fund tycoon to conglomerate chairman News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15173/super-rich-from-mutual-fund-tycoon-to-conglomerate-chairman Mirae Asset ‘grows through challenges’ into leading conglomerate Wealth and Asset Management China's rich are less likely to keep business in the family unlike Hong Kong’s wealthy News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15137/chinaamp039s-rich-are-less-likely-to-keep-business-in-the-family-unlike-hong-kongamprsquos-wealthy The relatively recent creation of wealth on the mainland and China’s one-child policy have resulted in wealthy mainland Chinese being less inclined to leave their businesses to their descendants, compared with business families in Hong Kong and othe Wealth and Asset Management The dynamics of private banking in Asia may be changing... News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15124/the-dynamics-of-private-banking-in-asia-may-be-changing 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 Dees sign new wealth partner News Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15092/dees-sign-new-wealth-partner Under the arrangement, Akambo Private Wealth will be the ‘Official Wealth Management Partner of the Melbourne Football Club’ Wealth and Asset Management BSI Bank ready to samba under new Brazilian owner News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15095/bsi-bank-ready-to-samba-under-new-brazilian-owner Asia will be a big focus for BSI as part of BTG's global strategy. Wealth and Asset Management Prime invests in advisory firm News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15101/prime-invests-in-advisory-firm "The investment in MPR Group is part of Prime's plan to increase the number of combined accounting and advisory investments incorporating wealth management JVs". Wealth and Asset Management 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 Nomura names joint heads for local IB business News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15188/nomura-names-joint-heads-for-local-ib-business Nomura Australia has named John Hanson and Andrew Macgonigal joint heads of its investment banking business, as the incumbent Ian Maxton becomes a senior advisor Executive Moves Leading Global investment bank names new chairman of Southeast Asia News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15192/leading-global-investment-bank-names-new-chairman-of-southeast-asia He will relocate back to Singapore from Hong Kong, is taking up a role last held by L. Brooks Entwistle, who retired from Goldman Sachs in November 2012. Executive Moves Structured product specialist IDAD expands Asia team News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15195/structured-product-specialist-idad-expands-asia-team IDAD and Compass Global Wealth have hired Martin Cartwright as a business development manager in its Asia team. Executive Moves YBR director steps down News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15157/ybr-director-steps-down The company is at the start of the next phase in its development. Executive Moves Head of Russell Investments' Australian departs News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15135/head-of-russell-investmentsamp039-australian-departs He joined Russell in 2009, after working at QIC and Mercer. Executive Moves China Renaissance Securities hires JPMorgan's Yang Diao News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15140/china-renaissance-securities-hires-jpmorganamp039s-yang-diao Diao and Lam will report to China Renaissance chairman and CEO Fan Bao. Executive Moves State Street names head of Asia Pacific sector solutions News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15149/state-street-names-head-of-asia-pacific-sector-solutions Based in Hong Kong, Wong will report to Wai-Kwong Seck, head of State Street's Asia-Pacific global services and global markets businesses, the company said. Executive Moves 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 Switzerland raise legal issues over sharing details of illegal Indian accounts: Arun Jaitley News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15113/switzerland-raise-legal-issues-over-sharing-details-of-illegal-indian-accounts-arun-jaitley Jaitley said the treaty between India and Switzerland on information sharing was prospective in nature, the reason why the country was not cooperating on the previous lists of such account holders. Legal, Regulation & Compliance Co-operative Bank seeking court injunction to prevent NZ Association of Credit Unions from rebranding to 'Co-op Money' and 'Co-op Insurance' News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15084/co-operative-bank-seeking-court-injunction-to-prevent-nz-association-of-credit-unions-from-rebranding-to-amp039co-op-moneyamp039-and-amp039co-op-insuranceamp039 This to us is big bank bullying and we will strenuously defend for all New Zealanders the right to use this word Legal, Regulation & Compliance RBA could follow New Zealand on LVR caps News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15085/rba-could-follow-new-zealand-on-lvr-caps The regulators talk about it all the time as if it is a problem, so sooner or later they will do something Legal, Regulation & Compliance Youhuitong and other ways for China's wealthy to move funds abroad News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15091/youhuitong-and-other-ways-for-chinaamp039s-wealthy-to-move-funds-abroad Youhuitong reportedly helped wealthy Chinese individuals send unlimited funds abroad after they apply for immigrant investor programs Legal, Regulation & Compliance DLA Piper sees three more partner exits in Asia-Pacific News Aggregation Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15096/dla-piper-sees-three-more-partner-exits-in-asia-pacific DLA’s website now lists 24 partners in its Hong Kong practice, with one of those also listed in Silicon Valley and another also listed in Bangkok. Legal, Regulation & Compliance RBI signs MoU with Hong Kong Monetary Authority News Team Friday, July 18, 2014 12:00 am http://www.apbankers.net/article/15102/rbi-signs-mou-with-hong-kong-monetary-authority With this, the central bank has signed MoUs with 21 supervisors for supervisory co-operation. Legal, Regulation & Compliance FSC warns on using offshore Internet bank sites to lend News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15061/fsc-warns-on-using-offshore-internet-bank-sites-to-lend Non-traditional banking practices are not subject to supervision by the FSC so it cannot intervene when disputes do arise Legal, Regulation & Compliance 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 Asset Control appoints new Managing Director APAC News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15001/asset-control-appoints-new-managing-director-apac Mr Peltier brings a wealth of experience of both the APAC investment banking sector and asset management technology, having spent nearly 18 years based in Hong Kong BankTech Why now is the time to invest in technology to enable growth and performance News Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15029/why-now-is-the-time-to-invest-in-technology-to-enable-growth-and-performance Whether a system is “legacy” is not the relevant question – asset managers should instead ask whether their operations solutions can support growth and globalization BankTech GBST’s Syn~FTT wins Best Compliance Solution News Team Tuesday, July 08, 2014 12:00 am http://www.apbankers.net/article/14855/gbstamprsquos-synftt-wins-best-compliance-solution Systems in the City Awards 2014 winners announced BankTech Australia close to currency clearing deal with China -RBA's Lowe News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15178/australia-close-to-currency-clearing-deal-with-china-rbaamp039s-lowe Australia is close to signing a deal with China that would allow the establishment of an official clearing bank for the renminbi, a step towards the more open flow of money and investment into and out of the Asian giant. Alternative Investments Ex-Goldman Trader’s Bitcoin Exchange to Fill Mt. Gox Void News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15179/ex-goldman-traderamprsquos-bitcoin-exchange-to-fill-mt-gox-void Yuzo Kano quit Goldman Sachs Group Inc. twice: once for a rival bank, the second time to open Japan’s first bitcoin exchange since the collapse of Mt. Gox. Alternative Investments Singapore Exchange opens office in India to attract listings News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15182/singapore-exchange-opens-office-in-india-to-attract-listings Indian Finance Minister Arun Jaitley said earlier this month the country would liberalise norms for real estate investment trusts (REITs) and American and global depositary receipts from domestic companies. Alternative Investments Piramal Fund Management launches'Indiareit Apartment Fund' News Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15187/piramal-fund-management-launchesamp039indiareit-apartment-fundamp039 The target fund size is INR350 cr with an average deal tenure of 2-3 years per transaction. Alternative Investments LME approves BTG Pactual to operate warehouses in Singapore News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15191/lme-approves-btg-pactual-to-operate-warehouses-in-singapore Brazil's BTG Pactual has received a green light from the London Metal Exchange (LME)to set up warehousing operations in Singapore, marking the investment bank's first foray into Asia as builds out its physical metals business. Alternative Investments CIMB-Principal buys out Finansa Asset News Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15193/cimb-principal-buys-out-finansa-asset CIMB-Principal is a wholly-owned subsidiary of CIMB-Principal Asset Management Bhd in Malaysia. Alternative Investments ASK Group inks first deal from new offshore fund News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15154/ask-group-inks-first-deal-from-new-offshore-fund The financial services firm will invest Rs127 crore in a project in Noida being developed by ATS Group Alternative Investments Macquarie eyeing new Latin American fund News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15156/macquarie-eyeing-new-latin-american-fund Macquarie Group is planning to launch a new infrastructure fund spanning key Latin American economies, as investors seek out higher yield in emerging markets. Alternative Investments How AIA Malaysia aims to keep the Gen Y close News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15159/how-aia-malaysia-aims-to-keep-the-gen-y-close Mid-last year, AIA launched a new brand positioning. Alternative Investments Chinese fund groups eye UK launches News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15162/chinese-fund-groups-eye-uk-launches Three of China’s largest asset managers are said to be mulling UK expansion and are close to launching funds in the country. Alternative Investments 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 Shariah compliant investment scheme launches in Australia News Aggregation Team Sunday, July 13, 2014 12:00 am http://www.apbankers.net/article/14958/shariah-compliant-investment-scheme-launches-in-australia The Chief Executive Officer of the Quordoba Group Mr Rami Al-Sharawneh says “on behalf of the board of directors and the management team, we are proud to launch this unique product offering which will be Shariah compliant or halal. Islamic Finance CIMB to boost Islamic banking with new computer system News Aggregation Team Wednesday, July 09, 2014 12:00 am http://www.apbankers.net/article/14895/cimb-to-boost-islamic-banking-with-new-computer-system Malaysia's CIMB Group Holdings Bhd says that a new regionwide computer system will help increase the Islamic share of its business to 20 per cent from 15 per cent by 2020 with expansion overseas. Islamic Finance 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 RHB Capital, EPF hire investment banks on merger plan News Aggregation Team Monday, July 14, 2014 12:00 am http://www.apbankers.net/article/15008/rhb-capital-epf-hire-investment-banks-on-merger-plan Both Deutsche Bank and Credit Suisse had declined to comment. Investment Banking Malaysia's Hibiscus Petroleum hires UBS, Maybank to advise on fundraising News Aggregation Team Thursday, July 10, 2014 12:00 am http://www.apbankers.net/article/14920/malaysiaamp039s-hibiscus-petroleum-hires-ubs-maybank-to-advise-on-fundraising The company is seeking funds to meet future expansion plans, it said in an announcement to the stock exchange on Thursday. Investment Banking BRICS to Open Development Bank by 2016 News Aggregation Team Wednesday, July 09, 2014 12:00 am http://www.apbankers.net/article/14893/brics-to-open-development-bank-by-2016 Brazil, Russia, India, China and South Africa to Decide on Bank Creation at Summit in Mid-July Investment Banking Chinese balancing act by Daniel Kunz, LGT Capital Management News Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15185/chinese-balancing-act-by-daniel-kunz-lgt-capital-management The decline of China’s economic growth seems to have found a bottom for the time being. InvestmentView ANZ announces Asia growth target News Aggregation Team Wednesday, July 23, 2014 12:00 am http://www.apbankers.net/article/15189/anz-announces-asia-growth-target ANZ Banking Group has provided a return on equity target for its international and institutional banking division for the first time – of 13 per cent – focusing attention on whether the bank can pursue both an aggressive Asian strategy and li InvestmentView Commerce becomes a casualty of Sino-Japanese political spats News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15147/commerce-becomes-a-casualty-of-sino-japanese-political-spats Sumitomo Mitsui Financial Group has been waiting for years to get permission to open a branch in Dalian, the coastal Chinese city closest to Japan. InvestmentView Heaven’s Bankers: Inside the Hidden World of Islamic Finance News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15111/heavenamprsquos-bankers-inside-the-hidden-world-of-islamic-finance Is sharia-compliant banking just a way of twisting the rules? InvestmentView Government preparing draft cabinet note for State Bank of India stake sale News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15117/government-preparing-draft-cabinet-note-for-state-bank-of-india-stake-sale The bank needs to have an equity capital base of Rs 2.4 lakh crore by 2018 to meet the Basel III norms, the international standards by which banks world over are guided. InvestmentView AUSTRALIA: Dumping of Future of Financial Advice reforms shows how bank lobbyists pervert democracy News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15119/australia-dumping-of-future-of-financial-advice-reforms-shows-how-bank-lobbyists-pervert-democracy "Our four big banks never stopped nagging the Commonwealth government to permit only two. When I became treasurer, on day two, the NAB visited me wanting to buy the ANZ. AMP visited me on day three wanting to buy Westpac." – John Kerin, in InvestmentView China credit crash would make ’2008 look like a garden party’ News Aggregation Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15123/china-credit-crash-would-make-amprsquo2008-look-like-a-garden-partyamprsquo A Chinese crash might make 2008 look like a garden party. InvestmentView Cultural differences are cross-border investment barrier, forum told News Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15069/cultural-differences-are-cross-border-investment-barrier-forum-told Experts said cultural differences have become a major barrier in cross-border investment and Shanghai should be more tolerant to be a successful finance center. InvestmentView World Bank hails PH as next Asian miracle News Aggregation Team Wednesday, July 16, 2014 12:00 am http://www.apbankers.net/article/15042/world-bank-hails-ph-as-next-asian-miracle Philippines–President Aquino on Tuesday received profuse praise from visiting World Bank president Jim Yong Kim, who declared that the Philippines would be the next Asian “miracle.” InvestmentView Singapore's growth 'may be hit by restructuring' News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15003/singaporeamp039s-growth-amp039may-be-hit-by-restructuringamp039 The veteran economist noted that even as the United States economy seems to be picking up steam, Singapore's is falling further behind. InvestmentView 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 ICICI Bank launches service for Canadian customers News Aggregation Team Thursday, July 17, 2014 12:00 am http://www.apbankers.net/article/15074/icici-bank-launches-service-for-canadian-customers The country’s largest private sector lender, ICICI Bank, has launched a banking service for Indians migrated or migrating to Canada. Retail Banking Singapore's second-biggest bank stands firm on Wing Hang offer despite hedge fund buying News Aggregation Team Wednesday, July 16, 2014 12:00 am http://www.apbankers.net/article/15033/singaporeamp039s-second-biggest-bank-stands-firm-on-wing-hang-offer-despite-hedge-fund-buying The deal is intended to give the Singapore lender a much sought-after gateway to the Greater China region Retail Banking Anger as RBS moves UK jobs to India News Aggregation Team Wednesday, July 16, 2014 12:00 am http://www.apbankers.net/article/15054/anger-as-rbs-moves-uk-jobs-to-india THE Royal Bank of Scotland has confirmed it is to axe 63 jobs in its Business Banking Support Unit and move the roles to India. Retail Banking China Construction Bank secures NZ banking licence News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/14990/china-construction-bank-secures-nz-banking-licence The establishment of CCB NZ, fulfils an important step for the group’s globalization initiative Retail Banking Doha Bank wins major awards at S’pore event News Aggregation Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/14991/doha-bank-wins-major-awards-at-samprsquopore-event We are honoured to receive this dual recognition from The Asian Banking and Finance Retail Banking BIDV Tops International Banker Awards 2014 News Team Tuesday, July 15, 2014 12:00 am http://www.apbankers.net/article/15012/bidv-tops-international-banker-awards-2014 The International Banker’s annual awards recognize banking excellence globally. Retail Banking 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 India-UK commit to jointly deal with tax evasion menace News Aggregation Team Wednesday, July 09, 2014 12:00 am http://www.apbankers.net/article/14890/india-uk-commit-to-jointly-deal-with-tax-evasion-menace UK and India remain committed to the Base Erosion and Profit Shifting project Tax Macau, Guernsey to sign tax agreement News Aggregation Team Tuesday, July 08, 2014 12:00 am http://www.apbankers.net/article/14863/macau-guernsey-to-sign-tax-agreement The number of jurisdictions that have a TIEA or Double Taxation Conventions (DTC) with Macau will increase to 19 once Guernsey has signed on the dotted line. 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 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 Melbourne the place to be for super rich News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15153/melbourne-the-place-to-be-for-super-rich Super-rich home buyers with discerning taste have given Melbourne top honours in a ranking of cities with the best quality of life. Research The 50 Largest Banks in Asia-Pacific News Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15163/the-50-largest-banks-in-asia-pacific SNL Financial has released a ranking of the largest 50 Asia-Pacific banks by total assets. Research HK investors to increase Asian allocation despite economic unrest News Aggregation Team Tuesday, July 22, 2014 12:00 am http://www.apbankers.net/article/15175/hk-investors-to-increase-asian-allocation-despite-economic-unrest A recent survey carried out by J.P. Morgan Asset Management found nearly one in five investors are planning to increase their investment amount in Asia over the coming six months, including in markets such as Japan and Hong Kong. Research Chasing the rich: Delhi pips Mumbai as preferred destination for global retailers News Aggregation Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15141/chasing-the-rich-delhi-pips-mumbai-as-preferred-destination-for-global-retailers In recent times, smaller cities in proximity to these large urban agglomerations have also witnessed a spillover effect, with an increased percolation of global brands," said Anshuman Magazine, CMD at CBRE South Asia. Research Coutts' Latest Global Markets Weekly News Team Monday, July 21, 2014 12:00 am http://www.apbankers.net/article/15145/couttsamp039-latest-global-markets-weekly China’s latest dataset adds conviction to our overweight stance on Asia Pacific equity markets. Research China trades reform for growth - Coutts News Team Sunday, July 20, 2014 12:00 am http://www.apbankers.net/article/15122/china-trades-reform-for-growth-coutts China’s latest data set adds conviction to our overweight stance on Asia Pacific markets. Research