The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 25 Mar 2017 15:35:50 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Rothschild's Gardiner Sees Bumpy Ride Ahead for Markets News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34869/rothschildamp039s-gardiner-sees-bumpy-ride-ahead-for-markets He speaks on Bloomberg Markets. Wealth and Asset Management Indosuez pursues clear strategic path News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34773/indosuez-pursues-clear-strategic-path The disruption and transformation across the wealth management industry globally is making it easier than ever before to distinguish those firms with a clear vision and value proposition. Wealth and Asset Management America was the only country where the number of billionaires grew last year News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34805/america-was-the-only-country-where-the-number-of-billionaires-grew-last-year The greatest growth was in technology-sourced wealth. Wealth and Asset Management BNY Mellon And Maybank Team Up News Aggregation Team Monday, March 20, 2017 12:00 am http://www.apbankers.net/article/34767/bny-mellon-and-maybank-team-up The fund will combine the expertise of BNY Mellon Japan small cap and the Maybank Asia ex-Japan small cap teams. Wealth and Asset Management OCBC unit eyes private banking in Indonesia News Aggregation Team Monday, March 20, 2017 12:00 am http://www.apbankers.net/article/34744/ocbc-unit-eyes-private-banking-in-indonesia It is becoming a necessity for banks here to be able to offer a variety of customised wealth products that suits the needs of our Indonesian customers. Wealth and Asset Management ZEDRA lights up Singapore with new office opening News Team Monday, March 20, 2017 12:00 am http://www.apbankers.net/article/34778/zedra-lights-up-singapore-with-new-office-opening The launch marks a new stage for ZEDRA in Asia. Wealth and Asset Management UBP Brings Institutional Investing to Asia’s Wealthy News Aggregation Team Friday, March 17, 2017 12:00 am http://www.apbankers.net/article/34730/ubp-brings-institutional-investing-to-asiaamprsquos-wealthy UBP’s Michael Blake says new fixed income fund offers access previously out of reach of private clients. Wealth and Asset Management BNP Paribas AMC launches balanced fund News Aggregation Team Friday, March 17, 2017 12:00 am http://www.apbankers.net/article/34733/bnp-paribas-amc-launches-balanced-fund The strategy of this fund could be considered by conservative investors seeking limited exposure to equities. Wealth and Asset Management Driving collaboration and inclusion for independent wealth in Singapore News Aggregation Team Thursday, March 16, 2017 12:00 am http://www.apbankers.net/article/34692/driving-collaboration-and-inclusion-for-independent-wealth-in-singapore He has calculated that around 6% to 7% of client assets within private banks in Singapore today are managed by IAMs. Wealth and Asset Management National Australia Bank restructures private bank; ANZ locks down wealth sale News Aggregation Team Thursday, March 16, 2017 12:00 am http://www.apbankers.net/article/34714/national-australia-bank-restructures-private-bank-anz-locks-down-wealth-sale As part of the shake-up, NAB is introducing a sub unit which will act as a direct private bank in which employees will only deal with customers via digital and phone channels. Wealth and Asset Management DBS announces new head of digital bank News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34882/dbs-announces-new-head-of-digital-bank Before joining DBS, Sandeep was regional head for PayPal – he started with PayPal from its start-up days in the US in 2000. Executive Moves Westpac loses Singapore private wealth chief News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34884/westpac-loses-singapore-private-wealth-chief Westpac, which is headquartered in Australia, is believed to have recently undertaken a strategic review of its premium and private wealth business in Asia. Executive Moves Citi boosts wealth team News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34892/citi-boosts-wealth-team He has held numerous other positions at Citi since 2001 Executive Moves CBA CFO to retire, successor named News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34894/cba-cfo-to-retire-successor-named CBA said a replacement for the group executive, international financial services division will be announced in due course. Executive Moves Citi Adds to Wealth Unit News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34903/citi-adds-to-wealth-unit In her new role she supports Citi’s global fixed income offering, and provides relationship managers with subject matter expertise and investment insight. Executive Moves Chubb Life Names Hong Kong Head News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34905/chubb-life-names-hong-kong-head In the new position Ho will be responsible for leading the Hong Kong operations for Chubb Life Executive Moves Ex-Stanchart banker is new CEO of Cambridge Industrial Trust's manager News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34906/ex-stanchart-banker-is-new-ceo-of-cambridge-industrial-trustamp039s-manager A veteran in real estate investment, he most recently ran both the South East Asia real estate advisory and the Singapore corporate banking divisions of Standard Chartered Bank. Executive Moves UOB makes senior hire in Singapore as it poaches from Stan Chart News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34854/uob-makes-senior-hire-in-singapore-as-it-poaches-from-stan-chart She added anti-bribery and corruption within the bank’s financial crime risk mitigation programme to her leadership responsibilities in 2015 Executive Moves Changes at Wealth Software Firm News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34856/changes-at-wealth-software-firm Tong is currently director of business development APAC, and was previously Bravura Solutions' chief operating officer APAC Executive Moves AIST appoints new CEO News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34862/aist-appoints-new-ceo The announcement took place at the annual general meeting of the AIST trustees, held as part of the 2017 Conference of Major Superannuation Funds. Executive Moves Luxembourg in ‘breakthrough’ tax treaty talks with Australia News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34880/luxembourg-in-amplsquobreakthroughamprsquo-tax-treaty-talks-with-australia Gramegna added that over the past year Luxembourg has improved tax transparency to become compliant with OECD standards. Legal, Regulation & Compliance Former adviser cops ASIC reprimand News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34885/former-adviser-cops-asic-reprimand The regulator determined that Anthony Wilson had failed to comply with financial services laws between 30 July 2007 and 30 June 2013 Legal, Regulation & Compliance Barclays fined following ASIC investigation News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34887/barclays-fined-following-asic-investigation It was found the Barclays entities failed to disclose to clients that they weren't required to hold an AFSL and are regulated by the respective overseas regulatory authority. Legal, Regulation & Compliance Singapore regulator calls for end to ‘plague of misconduct’ News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34891/singapore-regulator-calls-for-end-to-amplsquoplague-of-misconductamprsquo Internationally, regulators have been cracking down on illicit fund flows, with several financial institutions being penalised for lapses in money laundering controls Legal, Regulation & Compliance Korean govt arranges $6 billion rescue deal for DSME on condition private lenders chip in News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34895/korean-govt-arranges-6-billion-rescue-deal-for-dsme-on-condition-private-lenders-chip-in DSME’s main creditor and largest shareholder Korea Development Bank announced the new rescue scheme on Thursday Legal, Regulation & Compliance Barclays Hit By Aussie Regulator News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34896/barclays-hit-by-aussie-regulator The Barclays entities failed to disclose to clients that they were exempt from holding an Australian Financial Services Licence and are regulated by the relevant overseas regulatory authority Legal, Regulation & Compliance Barclays Penalized by Australian Regulator for Disclosure Lapses News Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34900/barclays-penalized-by-australian-regulator-for-disclosure-lapses BCI also failed to notify ASIC of certain offshore investigation and enforcement matters within the time required of FFSPs. Legal, Regulation & Compliance Diamond Trust Bank to acquire Habib Bank News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34831/diamond-trust-bank-to-acquire-habib-bank If approved, this will be the third successful acquisition in the banking sector in less than a year. Legal, Regulation & Compliance China to Build New Industrial City in Tangiers News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34832/china-to-build-new-industrial-city-in-tangiers It will be a new international smart city where industry and innovation respect ecology requirements. Legal, Regulation & Compliance Phatra Securities inks path-breaking deal with Credit Suisse News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34835/phatra-securities-inks-path-breaking-deal-with-credit-suisse They also outline how and why this is the first step of a grander plan for the firm to create a try open-architecture platform – including an evolution towards wealth solutions Legal, Regulation & Compliance Sydney fintech HashChing is looking for $6 million to drive more borrowers away from the big banks News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34911/sydney-fintech-hashching-is-looking-for-6-million-to-drive-more-borrowers-away-from-the-big-banks The smaller banks and non-lenders are becoming more aggressive with their home loan deals FinTech Moneytree Completes a JPY 1 Billion Funding Series B Funding Round News Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34836/moneytree-completes-a-jpy-1-billion-funding-series-b-funding-round Moneytree LINK powers solutions from ten accounting software providers, making it the number one platform in the Japanese accounting industry. FinTech Bank software group Avaloq valued at 1 bln in Warburg Pincus deal News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34853/bank-software-group-avaloq-valued-at-1-bln-in-warburg-pincus-deal Avaloq, which generated 533 million Swiss francs in sales last year, aims for an initial public offering in three to four years. FinTech How transparency is driving Asian asset managers to technology News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34858/how-transparency-is-driving-asian-asset-managers-to-technology The management of their portfolios and to boost the overall efficiency of their businesses. FinTech Lufax plans online platform as part of transformation from P2P to wealth management company News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34872/lufax-plans-online-platform-as-part-of-transformation-from-p2p-to-wealth-management-company The company will also target middle class Asian investors in countries such as India and Indonesia. FinTech Fintech Deals in South East Asia Hit Record Numbers in 2016 News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34881/fintech-deals-in-south-east-asia-hit-record-numbers-in-2016 Payments have been a hot sector in the past 12 months FinTech Digital disruption: rite of passage for Asia’s banks News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34838/digital-disruption-rite-of-passage-for-asiaamprsquos-banks Mobile technology will dominate the banking industry FinTech Steve Knabl: Innovate or Face Extinction News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34839/steve-knabl-innovate-or-face-extinction Singapore’s independent asset management industry is thriving FinTech Australian securities regulator issues DLT information sheet News Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34849/australian-securities-regulator-issues-dlt-information-sheet There has been intense interest in DLT from operators of financial market infrastructure FinTech Bitcoin Users at Risk in India, Reserve Bank Reluctant to Take Actions News Aggregation Team Sunday, March 19, 2017 12:00 am http://www.apbankers.net/article/34752/bitcoin-users-at-risk-in-india-reserve-bank-reluctant-to-take-actions The inability or rather the unwillingness of the Reserve Bank of India (RBI) to recognize Bitcoin is a major problem for Bitcoin in the country. FinTech Bank Leumi and Chinese Insurance Giant Ping An to Cooperate in Promoting Israeli High-Tech in China News Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34877/bank-leumi-and-chinese-insurance-giant-ping-an-to-cooperate-in-promoting-israeli-high-tech-in-china Leumi is currently the only Israeli bank operating in China and it employs a team that is deeply familiar with the business and financial sectors in that country. Alternative Investments First Origin to pay $1.3b for HK Life Insurance News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34878/first-origin-to-pay-13b-for-hk-life-insurance The purchase is in cash and the final transaction is subject to regulatory approval Alternative Investments Alipay HK Strikes Deal with Standard Chartered to Expand into Hong Kong News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34883/alipay-hk-strikes-deal-with-standard-chartered-to-expand-into-hong-kong The size of its newest partner in Hong Kong could bring Alipay to a considerable number of stores. Alternative Investments UnionBank launches New EON, the first “selfie” banking in the Philippines News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34901/unionbank-launches-new-eon-the-first-ampldquoselfieamprdquo-banking-in-the-philippines EON’s original focus was on online shopping, but over the years the functionality has expanded. New EON is built around a customer’s broader “digital life” and is now “a community”. Alternative Investments China Overseas Land’s 2016 profit rises amid record property prices News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34847/china-overseas-landamprsquos-2016-profit-rises-amid-record-property-prices Property giant China Overseas Land net profit climbs 6.9 per cent as it targets 210 billion yuan in sales in 2017, unchanged from previous year. Alternative Investments China’s Silk Road Fund seeking investment projects in Europe News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34855/chinaamprsquos-silk-road-fund-seeking-investment-projects-in-europe China pledged to contribute U$S40 billion to set up Silk Road Fund three years ago. Alternative Investments BTFG announces giant Panorama leap News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34859/btfg-announces-giant-panorama-leap The market update focused on how superannuation will continue reshape BTFG's business. Alternative Investments Merger talks between Malaysia lenders AMMB and RHB resurface: Report News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34806/merger-talks-between-malaysia-lenders-ammb-and-rhb-resurface-report Later in 2015, there were again talks of a possible merger but RHB had come out to clarify there were no such plans. Alternative Investments Fosun builds global network for Chinese investment News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34809/fosun-builds-global-network-for-chinese-investment Conglomerate arm looks to partner institutional investors in overseas property deals Alternative Investments JLL is Top Real Estate Investment Advisory Firm in Asia Pacific for Sixth Year in a Row News Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34810/jll-is-top-real-estate-investment-advisory-firm-in-asia-pacific-for-sixth-year-in-a-row Data from Real Capital Analytics reveals top dealmakers by volume in 2016 Alternative Investments BIMB Investment launches Shariah-compliant ESG fund News Aggregation Team Tuesday, March 14, 2017 12:00 am http://www.apbankers.net/article/34626/bimb-investment-launches-shariah-compliant-esg-fund The firm has rebranded and redefined its value propositions to investors as a Shariah-ESG fund house with its partnership with Arabesque Partners,” Kamarudin adds. Islamic Finance Bank Rakyat a takeover target News Aggregation Team Monday, March 13, 2017 12:00 am http://www.apbankers.net/article/34613/bank-rakyat-a-takeover-target PNB among institutions said to be exploring the profitable co-operative bank Islamic Finance Cayman and BVI poised to benefit from forecast Islamic finance growth News Aggregation Team Thursday, March 02, 2017 12:00 am http://www.apbankers.net/article/34381/cayman-and-bvi-poised-to-benefit-from-forecast-islamic-finance-growth The industry is developing new products we are seeing more Shariah compliant retail and corporate banking and trade finance products coming online. Islamic Finance BIMB 4Q net profit falls on lower Islamic insurance income News Aggregation Team Monday, February 27, 2017 12:00 am http://www.apbankers.net/article/34280/bimb-4q-net-profit-falls-on-lower-islamic-insurance-income BIMB's income statement showed that taxes were higher at RM42.38 million versus RM22.43 million. Islamic Finance Malaysia leads in Islamic banking assets in region, says World Bank report News Aggregation Team Friday, February 24, 2017 12:00 am http://www.apbankers.net/article/34225/malaysia-leads-in-islamic-banking-assets-in-region-says-world-bank-report The report said Islamic banking has gained momentum as a credible competitor to conventional banking. Islamic Finance Hong Kong extends sukuk curve News Aggregation Team Thursday, February 23, 2017 12:00 am http://www.apbankers.net/article/34202/hong-kong-extends-sukuk-curve Orders on the offering totalled US$1.7bn from 88 accounts Islamic Finance Islamic Banking M&A plausible, says AllianceDBS Research News Aggregation Team Tuesday, February 21, 2017 12:00 am http://www.apbankers.net/article/34150/islamic-banking-mampampa-plausible-says-alliancedbs-research The research house added domestic Islamic financing growth was expected to continue outpacing conventional loans growth. Islamic Finance Islamic microfinance to deepen financial inclusion News Aggregation Team Sunday, February 12, 2017 12:00 am http://www.apbankers.net/article/33937/islamic-microfinance-to-deepen-financial-inclusion Shariah-based banking is gradually rising in popularity in Bangladesh, the study found. Islamic Finance ACR completes Malaysia and takaful subsidiary acquisitions News Aggregation Team Friday, February 03, 2017 12:00 am http://www.apbankers.net/article/33757/acr-completes-malaysia-and-takaful-subsidiary-acquisitions The acquisitions mean the Kuala Lumpur- and Bahrain-based entities will now operate as wholly owned subsidiaries of ACR. Islamic Finance Growing Interest In Islamic Fintech, Shariah Compliant Trading Systems And Funding Are The Way Forward News Aggregation Team Friday, February 03, 2017 12:00 am http://www.apbankers.net/article/33751/growing-interest-in-islamic-fintech-shariah-compliant-trading-systems-and-funding-are-the-way-forward The term fintech has become the catchphrase of the new digital financial ecosystem worldwide. Islamic Finance China-Backed Asian Infrastructure Investment Bank Expands Its Reach News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34893/china-backed-asian-infrastructure-investment-bank-expands-its-reach It's the first expansion of the AIIB's ranks since it kicked off in January last year with 57 members. Investment Banking Axis Bank dismisses CEO resignation buzz News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34843/axis-bank-dismisses-ceo-resignation-buzz There is also a buzz about the bank’s merger with Kotak Mahindra Bank. Investment Banking ADB invests $32 M In microfinance firm for Asian women News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34857/adb-invests-32-m-in-microfinance-firm-for-asian-women The bank is also providing CAA a $500,000 technical assistance grant to help it expand its operations where it is most needed. Investment Banking J.P. Morgan tops Asia Pacific investment bank revenue News Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34875/jp-morgan-tops-asia-pacific-investment-bank-revenue J.P. Morgan’s FICC and Equities businesses both ranked among top 3 in Asia Pacific, according to Coalition. Investment Banking European Investment Bank to fund more eco-projects in China News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34813/european-investment-bank-to-fund-more-eco-projects-in-china The European bank is also discussing with the China-led Asian Infrastructure Investment Bank a number of co-financing initiatives in other countries, including a green transport project in an Asian country Investment Banking Rothschild's turn to cut Australian jobs News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34833/rothschildamp039s-turn-to-cut-australian-jobs The message out of the Rothschild camp is that the job cuts come despite a busy start to the year. Investment Banking Banking: Assaf sets positive tone for HSBC News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34776/banking-assaf-sets-positive-tone-for-hsbc Lost amid disappointing 2016 results, HSBC’s Global Banking and Markets division has already hit the group 10% return on equity target and holds out hope for more to come. Investment Banking BNP Paribas Asset Management sees over 20% growth this fiscal News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34781/bnp-paribas-asset-management-sees-over-20-growth-this-fiscal The company has announced the launch of BNP Paribas Balanced Fund, an open ended fund aimed at long term investors. Investment Banking AIIB head sees globalization as benefit to all News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34791/aiib-head-sees-globalization-as-benefit-to-all The AIIB chief said that globalization has enabled many countries to adopt "pro-market measures" and achieve "huge gains" in economic efficiency and prosperity. Investment Banking Credit Suisse Asia Shuffle a Sign of Cooling? News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34792/credit-suisse-asia-shuffle-a-sign-of-cooling Are the Swiss bank's changes a sign that the region has cooled even further since a poor end to the year? Investment Banking Philippines economy seen growing at fastest pace in region News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34897/philippines-economy-seen-growing-at-fastest-pace-in-region The domestic economy grew by 6.8 per cent last year, although this included an extraordinary boost from the presidential elections. InvestmentView China's chill hits banks' bottom lines News Aggregation Team Friday, March 10, 2017 12:00 am http://www.apbankers.net/article/34550/chinaamp039s-chill-hits-banksamp039-bottom-lines Ripple effects from slowdown in Asia's biggest economy, falling commodity prices InvestmentView Strategy Update from BNP Paribas Investment Partners News Team Tuesday, February 14, 2017 12:00 am http://www.apbankers.net/article/33983/strategy-update-from-bnp-paribas-investment-partners US political uncertainty remains high as it is unclear how a possible tax changes will evolve InvestmentView Will the Year of the Rooster turn out to be Year of the Bear instead? News Team Thursday, January 26, 2017 12:00 am http://www.apbankers.net/article/33600/will-the-year-of-the-rooster-turn-out-to-be-year-of-the-bear-instead Don't get dazzled by big GDP numbers InvestmentView Corporate Japan mulls next moves as Brexit plan emerges News Aggregation Team Wednesday, January 18, 2017 12:00 am http://www.apbankers.net/article/33478/corporate-japan-mulls-next-moves-as-brexit-plan-emerges Separation could require reshuffling European ops InvestmentView 2016: A Year of Loose Ends and Wits’ Ends by Annie Catchpole, Scorpio Partnership News Team Thursday, January 12, 2017 12:00 am http://www.apbankers.net/article/33366/2016-a-year-of-loose-ends-and-witsamprsquo-ends-by-annie-catchpole-scorpio-partnership If you are a fan of the European Union, the Clintons or George Michael we know you probably haven’t had the best 12 months. InvestmentView Asian Asset Managers in For a Bumpy Ride News Aggregation Team Monday, January 09, 2017 12:00 am http://www.apbankers.net/article/33303/asian-asset-managers-in-for-a-bumpy-ride Cerulli thinks retail investors will fall back to their default positions, namely bank deposits. InvestmentView Indonesia's new regulations could boost fintech development News Aggregation Team Friday, January 06, 2017 12:00 am http://www.apbankers.net/article/33260/indonesiaamp039s-new-regulations-could-boost-fintech-development Indonesia's latest moves are likely a response to major fintech efforts by other players in the APAC region. InvestmentView Barclays - Compass Report - Q1 2017 News Team Tuesday, January 03, 2017 12:00 am http://www.apbankers.net/article/33213/barclays-compass-report-q1-2017 Published by the Barclays’ Wealth and Investment Management division, the quarterly research focuses on providing investment advice and recommendations to investors around the world, including the MENA region. InvestmentView Vietnam defies Asia slowdown News Aggregation Team Monday, January 02, 2017 12:00 am http://www.apbankers.net/article/33167/vietnam-defies-asia-slowdown Viet Nam ranks among the world’s fastest-growing economies as its exports remained resilient to a global trade slowdown that’s hurting Singapore and China, Bloomberg Business news reported. InvestmentView UOB gets preliminary nod to set up a foreign-owned subsidiary bank in Vietnam News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34902/uob-gets-preliminary-nod-to-set-up-a-foreign-owned-subsidiary-bank-in-vietnam The announcement was made on Thursday by the State Bank of Vietnam during an official visit to the country by Singapore's Prime Minister, Lee Hsien Loong. Retail Banking John Symond to stay as chairman of Aussie Home Loans News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34868/john-symond-to-stay-as-chairman-of-aussie-home-loans The banks could respond by reinvesting some of the savings into higher upfront commissions to capture volume growth. Retail Banking Bangkok Bank partners Nest to launch InnoHub FinTech Accelerator News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34846/bangkok-bank-partners-nest-to-launch-innohub-fintech-accelerator The programme is open for FinTech founders of all nationalities Retail Banking People's Bank of China Raises Borrowing Costs in Step With Fed News Aggregation Team Friday, March 17, 2017 12:00 am http://www.apbankers.net/article/34722/peopleamp039s-bank-of-china-raises-borrowing-costs-in-step-with-fed With the economy steady, inflation rising and real lending costs going down, financial institutions have strong incentives to expand credit, and housing prices have surged in some cities Retail Banking NAB to set off wave of interest rate rises News Aggregation Team Friday, March 17, 2017 12:00 am http://www.apbankers.net/article/34725/nab-to-set-off-wave-of-interest-rate-rises The NAB became the first of the four big banks to order an interest rate rise this year, moving outside of the Reserve Bank’s recent decisions. Retail Banking 17-065MR ASIC accepts enforceable undertakings from Westpac and ANZ to address inadequacies within their wholesale FX businesses News Team Wednesday, March 15, 2017 12:00 am http://www.apbankers.net/article/34679/17-065mr-asic-accepts-enforceable-undertakings-from-westpac-and-anz-to-address-inadequacies-within-their-wholesale-fx-businesses The program and its implementation will be assessed by an independent consultant appointed by ASIC. Retail Banking Bank of China to set up Irish branch as trade links grow News Aggregation Team Wednesday, March 15, 2017 12:00 am http://www.apbankers.net/article/34686/bank-of-china-to-set-up-irish-branch-as-trade-links-grow The bank intends to set up here under the EU financial services passporting arrangements. Retail Banking ANZ Vietnam to sell retail banking business News Aggregation Team Wednesday, March 15, 2017 12:00 am http://www.apbankers.net/article/34687/anz-vietnam-to-sell-retail-banking-business ANZ Vietnam is selling its retail banking business and five banks have expressed interest, according to local media. Retail Banking Bank of Melbourne taps CBA executive Michelle Winzer as its new chief News Aggregation Team Tuesday, March 14, 2017 12:00 am http://www.apbankers.net/article/34654/bank-of-melbourne-taps-cba-executive-michelle-winzer-as-its-new-chief He will continue in his role as chairman of the Committee for Melbourne. Retail Banking Faysal Bank, Audi Pakistan , IGI Insurance enter into strategic alliance News Aggregation Team Sunday, March 12, 2017 12:00 am http://www.apbankers.net/article/34582/faysal-bank-audi-pakistan-igi-insurance-enter-into-strategic-alliance In addition to the above customers will receive preferential treatment in Faysal Bank branches and Audi Showrooms across Pakistan. Retail Banking India-Singapore Double Tax Changes In Force News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34904/india-singapore-double-tax-changes-in-force The protocol was signed on December 30, 2016, and entered into force on February 27, 2017. Tax Jeane Napoles disputes BIR evidence in tax evasion raps News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34873/jeane-napoles-disputes-bir-evidence-in-tax-evasion-raps So, a person securing a one-time TIN does not need to have an income? Tax Pakistan, Switzerland ink revised pact on double taxation avoidance News Aggregation Team Wednesday, March 22, 2017 12:00 am http://www.apbankers.net/article/34848/pakistan-switzerland-ink-revised-pact-on-double-taxation-avoidance The revised Avoidance of Double Taxation Agreement between Pakistan and Switzerland would open new vistas for cooperation Tax ATO looks at high net worths News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34799/ato-looks-at-high-net-worths The ATO’s work on private groups and wealthy Australians including high wealth individuals, trusts and promoters was continuing with over 260 audits under way. Tax Indonesia tax amnesty nets $330 billion - now for reform News Aggregation Team Tuesday, March 21, 2017 12:00 am http://www.apbankers.net/article/34804/indonesia-tax-amnesty-nets-330-billion-now-for-reform The amnesty has been criticized for benefiting mostly the rich. Tax Next off the block News Aggregation Team Monday, March 20, 2017 12:00 am http://www.apbankers.net/article/34750/next-off-the-block The OECD has also released a comprehensive commentary to supplement the Common Reporting Standard. Tax APA with rollback provision from 1 April News Aggregation Team Monday, March 20, 2017 12:00 am http://www.apbankers.net/article/34751/apa-with-rollback-provision-from-1-april Under revised India-Korea DTAA, taxpayers can file for bilateral advance pricing agreement. Tax 424 under probe, India gets data on 165 cases with links to offshore firms News Aggregation Team Thursday, March 16, 2017 12:00 am http://www.apbankers.net/article/34695/424-under-probe-india-gets-data-on-165-cases-with-links-to-offshore-firms The number of Indian clients of Mossack Fonseca, whose PAN numbers had been traced, has swelled to 424. Tax Labuan IBFC ideal for Asian companies shifting to new financial normal News Aggregation Team Thursday, March 16, 2017 12:00 am http://www.apbankers.net/article/34698/labuan-ibfc-ideal-for-asian-companies-shifting-to-new-financial-normal The framework encompasses a group of countries that have pledged to implement measures aimed at preventing tax avoidance. Tax Returning Brits to be taxed on worldwide income from April 2017 News Aggregation Team Wednesday, March 15, 2017 12:00 am http://www.apbankers.net/article/34662/returning-brits-to-be-taxed-on-worldwide-income-from-april-2017 The big concern is for any offshore trusts or companies these individuals have set up whilst living abroad. Tax Adapting to a changing asset management landscape News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34890/adapting-to-a-changing-asset-management-landscape One reason for the popularity of passives is that they are much cheaper than their active counterparts and have shown better performance. Comment, Analysis & Research ANZ customers protected for a year News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34888/anz-customers-protected-for-a-year If a customer has insured deposits of $50,000 in the acquiring bank and the one being bought at the point of the acquisition, he will be insured up to $100,000 for a year from that date. Comment, Analysis & Research Seeing a pick-up in Asian interest News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34889/seeing-a-pick-up-in-asian-interest Schuman says it has spent a lot of time and resources educating its clients on Asian assets. Comment, Analysis & Research Why banks might be causing flat mortgage growth News Aggregation Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34898/why-banks-might-be-causing-flat-mortgage-growth It believes this does not bode well for margins. Comment, Analysis & Research Bank of NZ commended for putting health before profit News Team Friday, March 24, 2017 12:00 am http://www.apbankers.net/article/34899/bank-of-nz-commended-for-putting-health-before-profit This is where companies like the Bank of New Zealand can really help, by refusing to financially support these companies to continue their activities. Comment, Analysis & Research Singapore and Hong Kong Top World’s Most Expensive Cities News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34834/singapore-and-hong-kong-top-worldamprsquos-most-expensive-cities The third most expensive, was the only impediment to Asia holding all top five slots. Comment, Analysis & Research Old Mutual: Trump is an Opportunity for Investors in Asia News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34841/old-mutual-trump-is-an-opportunity-for-investors-in-asia Old Mutual's Joshua Crabb says investors are overestimated the impact of Trump and rising US rates on Asian equities and there are plentry of growth opportunities Comment, Analysis & Research 'Retire ready' is more than a large super balance News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34860/amp039retire-readyamp039-is-more-than-a-large-super-balance Irving, a researcher and academic at the University of South Australia, presented her findings of an industry sponsored study which explored how mature aged workers configure their employment and plan for retirement. Comment, Analysis & Research Record adviser numbers attend Sydney ABDO News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34861/record-adviser-numbers-attend-sydney-abdo It's just too high you can't bake it any other way. Comment, Analysis & Research How transparency is driving Asian asset managers to technology News Aggregation Team Thursday, March 23, 2017 12:00 am http://www.apbankers.net/article/34867/how-transparency-is-driving-asian-asset-managers-to-technology This trend is also being pushed by Asia’s intrinsic nature as a region carved up into different geographies, with different regulatory requirements, and varying stages of development in the investment cycle. Comment, Analysis & Research