The Asia Pacific Banking News Network http://www.apbankers.net/ Sun, 07 Feb 2016 14:54:37 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Senior private banker at BSI claims no unlawful conduct in 1MDB case News Aggregation Team Saturday, February 06, 2016 12:00 am http://www.apbankers.net/article/26604/senior-private-banker-at-bsi-claims-no-unlawful-conduct-in-1mdb-case Yak had applied to the courts for the accounts to be unfrozen in order to pay his income tax, legal fees and other expenses. Wealth and Asset Management RBS calls off planned sale of India banking business News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26584/rbs-calls-off-planned-sale-of-india-banking-business The India operations of the RBS banking business comprise corporate and institutional banking, trade finance and cash management. Wealth and Asset Management HSBC setting up local subsidiary to handle retail, wealth business News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26595/hsbc-setting-up-local-subsidiary-to-handle-retail-wealth-business All other lines of business of HSBC in Singapore, which include commercial banking, private banking and global banking and markets, will continue to operate under the existing Singapore branch. Wealth and Asset Management Barrett’s AZ NGA takes another RI firm News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26558/barrettamprsquos-az-nga-takes-another-ri-firm The AZ NGA announcement said the transaction was consistent with the firm's long term business plan to continue to acquire high calibre businesses. Wealth and Asset Management Ex-Julius Baer Manager Starts Family Office With $2.2 Billion News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26560/ex-julius-baer-manager-starts-family-office-with-22-billion He was previously head of Asian products and investments at Bank Julius Baer and helped start the Zurich-based private bank’s Asian office in Hong Kong in 2006. Wealth and Asset Management BMO targets Asian family offices in buildout News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26570/bmo-targets-asian-family-offices-in-buildout It is also recruiting to expand its regional footprint. Wealth and Asset Management This Is Where All That Chinese Money Is Really Going News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26518/this-is-where-all-that-chinese-money-is-really-going That number most likely doubled by the end of the year, as China’s stock market tanked Wealth and Asset Management What keeps Asia’s most affluent up at night? News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26519/what-keeps-asiaamprsquos-most-affluent-up-at-night The situation is particularly difficult in Asia where the maintenance of wealth is a fairly new development. Wealth and Asset Management China the elephant in the room: Julius Baer CEO News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26522/china-the-elephant-in-the-room-julius-baer-ceo If you look at China, the elephant in the room in the last 12 months, we've had a lot of volatility and that makes people nervous Wealth and Asset Management HSBC to freeze salaries and hiring globally in 2016 News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26533/hsbc-to-freeze-salaries-and-hiring-globally-in-2016 The freeze on salaries and hiring is to be at the global level. Wealth and Asset Management First Names Group appoints Head of Asia News Team Saturday, February 06, 2016 12:00 am http://www.apbankers.net/article/26605/first-names-group-appoints-head-of-asia This key hire marks a significant milestone for the business, as we look to build our presence throughout Asia. The appointment is effective immediately. Executive Moves UBS names August Hatecke head of wealth management South East Asia News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26597/ubs-names-august-hatecke-head-of-wealth-management-south-east-asia He will report to Edmund Koh, head of wealth management Asia Pacific Executive Moves Citigroup to hire ex-Goldman MD as Japan investment banking head News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26600/citigroup-to-hire-ex-goldman-md-as-japan-investment-banking-head Mr Asai is the US bank's most senior hire in Japan since it sold its local retail banking and card businesses late last year. Executive Moves Widyawan & Partners boosts banking and finance practice with prominent partner hire News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26581/widyawan-ampamp-partners-boosts-banking-and-finance-practice-with-prominent-partner-hire He also has extensive experience in Indonesian regulation of bank and financial sector companies. Executive Moves Aviva Investors appoints national account manager News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26555/aviva-investors-appoints-national-account-manager He has over 16 years' industry experience and was previously a director at Think Financial Planners Executive Moves Morningstar IM Asia appoints director, portfolio specialist News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26521/morningstar-im-asia-appoints-director-portfolio-specialist He joins the firm from Mesirow Financial in Chicago, where he was a research analyst focussing on sourcing and monitoring hedge fund investments for its fund-of-hedge funds business. Executive Moves Charter Hall appoints CEO amid restructure News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26523/charter-hall-appoints-ceo-amid-restructure Together we have tackled many opportunities and challenges and it's with great pride that we have established Charter Hall as a leading property company. Executive Moves Swiss private bank appoints head of financing for Asia Pacific News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26534/swiss-private-bank-appoints-head-of-financing-for-asia-pacific He will be based in Hong Kong. Executive Moves Korea’s NPS decides upon new CIO News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26536/koreaamprsquos-nps-decides-upon-new-cio The NPS appointed former health and welfare minister, Moon Hyung-pyo, to replace Dr. Choi as the fund’s new chairman in early January. Executive Moves Malaysian central bank governor to quit in April News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26545/malaysian-central-bank-governor-to-quit-in-april Malaysia’s Bank Negara governor Zeti Akhtar Aziz attends an Islamic Finance Services Board event in Kuala Lumpur. Executive Moves Chinese EXIM Bank rejects blame for Bahamas megaresort crisis News Aggregation Team Saturday, February 06, 2016 12:00 am http://www.apbankers.net/article/26602/chinese-exim-bank-rejects-blame-for-bahamas-megaresort-crisis By Travis Cartwright-Carroll Nassau Guardian Staff Reporter Legal, Regulation & Compliance NAJIB'S Arabian Nightmare Begins News Aggregation Team Saturday, February 06, 2016 12:00 am http://www.apbankers.net/article/26603/najibamp039s-arabian-nightmare-begins In Saudi Arabia, Foreign Minister Adel al-Jubeir said that he accepted the attorney general’s opinion that there had been no wrongdoing, but he also said that he did not think that the money had come from the Saudi government or that it was a politi Legal, Regulation & Compliance Private banker Yak Yew Chee withdraws request to release funds frozen in 1MDB probe News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26599/private-banker-yak-yew-chee-withdraws-request-to-release-funds-frozen-in-1mdb-probe Mr Yak, a senior private banker with the local unit of Swiss bank BSI, did not appear at Friday's hearing, but the Straits Times understands he is in Singapore. Legal, Regulation & Compliance Get your passport… cross-border marketing of retail funds in Asia Pacific News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26573/get-your-passportamphellip-cross-border-marketing-of-retail-funds-in-asia-pacific As the funds market in Singapore and the wider Asian region has grown, so have the calls for a regulatory framework that will allow retail funds to be marketed more easily across the region's national borders. Legal, Regulation & Compliance Malaysia malaise – will domestic challenges in Malaysia affect investment in UK real estate? News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26574/malaysia-malaise-ampndash-will-domestic-challenges-in-malaysia-affect-investment-in-uk-real-estate UK real estate has seen significant inward foreign investment since the financial crisis, with Malaysian investors at the forefront of the most recent wave. Legal, Regulation & Compliance China curb on credit card premium payments hits insurers News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26575/china-curb-on-credit-card-premium-payments-hits-insurers According to Bloomberg News, Chinese people have been flocking to Hong Kong to buy insurance policies, which typically come with better service than on the mainland, with the purchases by mainland visitors in Hong Kong reaching HK$21.1bn ($2.7bn) by the e Legal, Regulation & Compliance Former NAB adviser cops seven-year ban News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26579/former-nab-adviser-cops-seven-year-ban ASIC Deputy Chair Peter Kell said ASIC's Wealth Management Project was removing from industry financial advisers who did not meet the standards ASIC and the community expected. Legal, Regulation & Compliance China to Plan Looser Limits on Foreign Fund Outflows News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26582/china-to-plan-looser-limits-on-foreign-fund-outflows The rule changes would apply to funds under the Qualified Foreign Institutional Investor program Legal, Regulation & Compliance Spotlight now on Swiss bank caught in 1MDB saga News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26591/spotlight-now-on-swiss-bank-caught-in-1mdb-saga BSI is a relative latecomer in Singapore's private banking scene, having started business here only in 2010. Legal, Regulation & Compliance PBOC said to ask lenders to control wealth management funds News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26562/pboc-said-to-ask-lenders-to-control-wealth-management-funds China central bank wants lenders to exercise greater control over wealth management funds Legal, Regulation & Compliance Estonia picks Singapore for e-residency scheme News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26587/estonia-picks-singapore-for-e-residency-scheme Estonian government and bank officials will travel to Singapore every quarter starting from April to issue e-resident cards and bank cards to those whose e-applications have been approved. BankTech OCBC sets up financial technology and innovation unit News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26551/ocbc-sets-up-financial-technology-and-innovation-unit The Open Vault at New Bridge Road will be the "nerve centre" for OCBC's innovations BankTech Avaloq’s BPO centre live in Asia News Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26553/avaloqamprsquos-bpo-centre-live-in-asia A wholly-owned subsidiary of the Avaloq group is a fully functioning BPO centre in the heart of Singapore. BankTech ANZ and Macquarie have partnered to develop a new wrap platform for ANZ advisers News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26556/anz-and-macquarie-have-partnered-to-develop-a-new-wrap-platform-for-anz-advisers The result of the partnership will be a new adviser wrap platform, administered and engineered by Macquarie, which will serve Oasis's 50,000 clients representing $6.9 billion in funds under management. BankTech Krung Thai Asset Management goes live on Charles River IMS News Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26559/krung-thai-asset-management-goes-live-on-charles-river-ims KTAM is also leveraging Charles River’s real-time pricing for Thai markets and its FIX Network for electronic trading and direct connectivity to domestic brokers. BankTech Bravura Launches Sonata CPPI Module With Integrated Risk Management Hedging News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26528/bravura-launches-sonata-cppi-module-with-integrated-risk-management-hedging Barclays first bank to offer client risk management solution through Bravura platform that supports individualised protection for investment portfolios BankTech Nikko Asset Management Selects SmartStream’s TLM OnDemand for Reconciliations News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26544/nikko-asset-management-selects-smartstreamamprsquos-tlm-ondemand-for-reconciliations TLM OnDemand for reconciliations is the software-as-a-service version of SmartStream’s market-leading reconciliations technology. BankTech RHB goes live with Fidessa across Asia News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26547/rhb-goes-live-with-fidessa-across-asia This is where the power and scale of Fidessa's infrastructure, combined with its broad range of features, position it as a natural partner to deliver the required reach and reliability". BankTech HSBC cyber attack causes disruption for online banking customers News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26503/hsbc-cyber-attack-causes-disruption-for-online-banking-customers HSBC said its services had partially recovered - but it was continuing to experience attempted attacks and it was closely monitoring the situation with the authorities. BankTech CustomerMatrix Completes $10.5 Million Investment Round Led by HSBC News Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26422/customermatrix-completes-105-million-investment-round-led-by-hsbc The investment was led by HSBC, with participation from Aster Capital, and existing investors Newfund and True Global Ventures. BankTech Fundnel Goes Big. Investment Crowdfunding Platforms Provides Access to Capital for ASEAN SMEs News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26593/fundnel-goes-big-investment-crowdfunding-platforms-provides-access-to-capital-for-asean-smes While Singapore may be home base, Fundnel wants to empower early stage companies across all of Asia – regardless of nationality. Alternative Investments Four questions for Steve Glod, fund manager of the BL-Equities Japan News Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26592/four-questions-for-steve-glod-fund-manager-of-the-bl-equities-japan Chinese stock markets have undergone a downwards correction since the beginning of the year Alternative Investments PQFTL wins 'Best Takaful Company in Pakistan' award News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26601/pqftl-wins-amp039best-takaful-company-in-pakistanamp039-award Being the flag-bearer of Takaful in Pakistan since 2007, PQFTL offers Shariah-compliant services and expertise for individual, groups and banca products Alternative Investments Bank of Singapore and Lion Global Investors launch Asian Income Fund News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26576/bank-of-singapore-and-lion-global-investors-launch-asian-income-fund Bank of Singapore is the private banking subsidiary of OCBC Bank while Lion Global Investors is a member of OCBC Group. Alternative Investments Eastspring Investment Indonesia Bullish on Country's Financial Prospects News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26588/eastspring-investment-indonesia-bullish-on-countryamp039s-financial-prospects The government set this year’s economic growth target at 5.3 percent in the state budget Alternative Investments HLB Mann Judd launches estate planning News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26589/hlb-mann-judd-launches-estate-planning The firm has enlisted prominent estate planning lawyer Robert Monahan to help begin HLB Estate Services. Alternative Investments Flight control: China banks pilot jet leasing firms in chase for $228b market News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26590/flight-control-china-banks-pilot-jet-leasing-firms-in-chase-for-228b-market Bank of China Ltd’s BOC Aviation Pte arm is set to go public this year with an estimated $3 billion listing Alternative Investments A.M. Best Affirms Ratings of Fidelity Life Assurance Company Limited News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26594/am-best-affirms-ratings-of-fidelity-life-assurance-company-limited The ratings mainly reflect Fidelity Life’s supportive risk-adjusted capitalization and strong operating performance. Alternative Investments New Silkroutes Group sets up asset management joint venture News Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26563/new-silkroutes-group-sets-up-asset-management-joint-venture JV is part of a strategic shift for New Silkroutes after its exit from the SGX Watchlist in November 2014 Alternative Investments Investment banks prepare Scottish Pacific float pitches News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26566/investment-banks-prepare-scottish-pacific-float-pitches Scottish Pacific is expected to sign mandates before the end of the month, with two joint lead manager mandates likely up for grabs. Alternative Investments 'Govt focusing on promotion of Islamic Banking' News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26524/amp039govt-focusing-on-promotion-of-islamic-bankingamp039 President Mamnoon Hussain says it's encouraging that share of Islamic Banking is steadily growing. Islamic Finance Platform for funds News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26497/platform-for-funds The governor said the global Islamic financial system was operating at a time when the international economic and financial environment had become immensely more challenging. Islamic Finance Bahrain's Al Baraka Islamic Bank eyes France, Indonesia for expansion News Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26507/bahrainamp039s-al-baraka-islamic-bank-eyes-france-indonesia-for-expansion France has one of the largest Muslim populations in Europe but cultural and legal obstacles have impeded the development of its Islamic finance industry. Islamic Finance EPF and DRB-Hicom jostle for control in Islamic bank merger News Aggregation Team Friday, January 29, 2016 12:00 am http://www.apbankers.net/article/26480/epf-and-drb-hicom-jostle-for-control-in-islamic-bank-merger The central bank had originally given them three months up to Dec 30, 2015, to complete the negotiations. Islamic Finance Indonesia finmin says "to move fast" in issuing a global sukuk News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26457/indonesia-finmin-says-ampquotto-move-fastampquot-in-issuing-a-global-sukuk Deutsche Bank, Citigroup, Standard Chartered, CIMB, Dubai Islamic Bank have been hired to arrange the sale Islamic Finance Beyond Financial Solutions: Australia based EFSOL to transform Sharia compliant investments News Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26419/beyond-financial-solutions-australia-based-efsol-to-transform-sharia-compliant-investments In the next 5 years, we estimate that the companies sales and growth will be fueled by a next-generation of tech-savvy Islamic financial solution seekers and asset management establishments. Islamic Finance Australia firm inks deal with Sharia advisory News Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26438/australia-firm-inks-deal-with-sharia-advisory The agreement will allow EFSOL to expand its footprint in the Sharia-compliant market, and is expected to add $100 million of new investments to its current portfolio. Islamic Finance Asia Islamic Bonds Find New Life in '16 After Worst Year in Five News Aggregation Team Tuesday, January 19, 2016 12:00 am http://www.apbankers.net/article/26322/asia-islamic-bonds-find-new-life-in-amp03916-after-worst-year-in-five The two entities will have to navigate emerging-market turmoil triggered by a sliding Chinese yuan and tumbling commodities. Islamic Finance CIMB puts finishing touch to structure News Aggregation Team Monday, January 18, 2016 12:00 am http://www.apbankers.net/article/26280/cimb-puts-finishing-touch-to-structure IT has been an interesting, to say the least, year for CIMB Group Holdings Bhd group chief executive Tengku Datuk Seri Zafrul Aziz. Islamic Finance Labuan IBFC recognised as leading global Islamic wealth management centre News Aggregation Team Friday, January 15, 2016 12:00 am http://www.apbankers.net/article/26273/labuan-ibfc-recognised-as-leading-global-islamic-wealth-management-centre The survey, which reached more than 10,000 respondents globally, was aimed at assessing the knowledge, attitudes and practices towards Islamic wealth management in order to better understand the demand for Shariah compliant wealth management services with Islamic Finance Macquarie heads back into property News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26565/macquarie-heads-back-into-property Spearheadingâ the return to real estate is a proposal to establish a $500 million fund to invest in residential property in India. Investment Banking ANZ’s push to lift returns in Asia News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26520/anzamprsquos-push-to-lift-returns-in-asia Any talk of “raising the white flag” in Asia, or retreating to Fortress Australia to become a pale imitator of the nation’s other three banking pillars, is therefore ridiculous. Investment Banking FA honour for Credit Suisse's Sitohang News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26495/fa-honour-for-credit-suisseamp039s-sitohang He received his award at FinanceAsia’s annual awards dinner at the Grand Hyatt in Hong Kong before more than 260 leading players from the world of Asia­Pacific Investment Banking Postal Savings Bank of China Taps Five Banks to Lead up to $10 Billion IPO - Update News Aggregation Team Thursday, January 28, 2016 12:00 am http://www.apbankers.net/article/26466/postal-savings-bank-of-china-taps-five-banks-to-lead-up-to-10-billion-ipo-update Chinese state lender Postal Savings Bank of China Co. tapped five investment banks to lead its up to $10 billion initial public offering Investment Banking Wanda Commercial Properties faces tough challenge under new ‘asset-light’ strategy that focuses on service income News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26451/wanda-commercial-properties-faces-tough-challenge-under-new-amplsquoasset-lightamprsquo-strategy-that-focuses-on-service-income Property group’s shares drop 5.9 per cent following analysts’ downward revisions on share price outlook Investment Banking Japan's megabanks are on the march in Southeast Asia News Aggregation Team Friday, January 22, 2016 12:00 am http://www.apbankers.net/article/26385/japanamp039s-megabanks-are-on-the-march-in-southeast-asia Although there are concerns about possible slowdowns in Asian economies, top Japanese banks are still on the hunt for acquisition targets. Investment Banking ICICI Bank Opens its First Branch in South Africa News Team Thursday, January 21, 2016 12:00 am http://www.apbankers.net/article/26347/icici-bank-opens-its-first-branch-in-south-africa First Indian Private Sector Bank to Open a Branch in Africa Investment Banking Barclays Cutting 1,000 Jobs, About 230 Eliminated in Asia News Aggregation Team Thursday, January 21, 2016 12:00 am http://www.apbankers.net/article/26357/barclays-cutting-1000-jobs-about-230-eliminated-in-asia The U.K. bank plans to cut about 230 jobs in the Asia Pacific, including winding up its cash equities business in the region Investment Banking India elected to board of directors of China-backed investment bank News Aggregation Team Monday, January 18, 2016 12:00 am http://www.apbankers.net/article/26282/india-elected-to-board-of-directors-of-china-backed-investment-bank This can never ever be compromised Investment Banking China-Led Asian Infrastructure Bank Opens for Business News Aggregation Team Monday, January 18, 2016 12:00 am http://www.apbankers.net/article/26284/china-led-asian-infrastructure-bank-opens-for-business The AIIB is intended to finance railways, cargo ports and other trade links. Its launch comes as Beijing is trying to extend its trade links with its Asian neighbors. Investment Banking Japan’s policy shift alone cannot brighten the global outlook by Mikio Kumada, CIIA, Global Strategist LGT Capital Partners News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26572/japanamprsquos-policy-shift-alone-cannot-brighten-the-global-outlook-by-mikio-kumada-ciia-global-strategist-lgt-capital-partners Japanese banks will continue to receive interest for keeping excess reserves idle InvestmentView Central banks 'out of sync': Nikko AM News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26578/central-banks-amp039out-of-syncamp039-nikko-am There will be no stability in global markets until central banks get "on the same page" when it comes to monetary policy, argues Nikko Asset Management. InvestmentView Schroders: Where we are seeing market opportunities and risks News Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26554/schroders-where-we-are-seeing-market-opportunities-and-risks At Schroder's annual investment dinner, held in London, fund managers exchanged views on the current and future potential opportunities in markets around the world. Here, we round-up their insights on a challenging market environment. InvestmentView Coutts Global Markets Weekly: BoJ goes to new extremes News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26527/coutts-global-markets-weekly-boj-goes-to-new-extremes While the Fed indicated it would take a gradual approach in light of slower-than-anticipated global growth and market jitters, it expects US growth to continue. InvestmentView Making Banking A Billion a reality: Jayant Sinha News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26535/making-banking-a-billion-a-reality-jayant-sinha StanChart discuss with Janmejaya Sinha InvestmentView Regulation of banks "part of the problem" News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26539/regulation-of-banks-ampquotpart-of-the-problemampquot Professor Kay proposed that governments force banks to separate their retail and investment banking activities, and even require investment banks to be further broken up into smaller businesses that would house single activities, such as bond trading or m InvestmentView OMGI's Tonkinson: 2016 is the year to turn our 'ambitious plans' into reality News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26549/omgiamp039s-tonkinson-2016-is-the-year-to-turn-our-amp039ambitious-plansamp039-into-reality Developments for Asia market InvestmentView Japan steps up the currency war News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26509/japan-steps-up-the-currency-war The negative interest rate will only apply once deposits exceed a certain level and the aim is clearly to push down rates at the short end of the yield curve and ultimately encourage banks to lend their excess deposits into the real economy. InvestmentView Hong Kong Indian entrepreneur out to build ‘the next Alibaba’ in Mumbai News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26510/hong-kong-indian-entrepreneur-out-to-build-amplsquothe-next-alibabaamprsquo-in-mumbai After working as a Middle East strategist, Hong Kong-raised overachiever Akanksha Hazari moved to India to build her start-up m.Paani. She is about to get an award from Hillary Clinton’s NGO InvestmentView Wealth, good business, and oysters to celebrate Chinese New Year News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26514/wealth-good-business-and-oysters-to-celebrate-chinese-new-year "Hou means wealth, rich, good business," said Yu. InvestmentView A tale of two Thai banking strategies News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26580/a-tale-of-two-thai-banking-strategies Nonperforming loans ballooned and lending growth was slow. Retail Banking Citi’s exec sees clear focus on target clients News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26561/citiamprsquos-exec-sees-clear-focus-on-target-clients To achieve the high growth target, the strategy this year is to make Citi Thailand the bank for its main target segment, that is, people with a family, those doing business overseas and/or who are globally minded, she explained. Retail Banking Lakshmi Vilas Bank launches mobile application News Aggregation Team Thursday, January 28, 2016 12:00 am http://www.apbankers.net/article/26483/lakshmi-vilas-bank-launches-mobile-application The bank also inaugurated its first cash deposit machine at Global Village campus in Bengaluru, Karnataka. Retail Banking Clydesdale Bank flotation approved by NAB shareholders News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26460/clydesdale-bank-flotation-approved-by-nab-shareholders National Australia Bank shareholders overwhelmingly back proposal to demerge 75% of troubled British bank Retail Banking RBL Bank launches banking platform for startups News Aggregation Team Friday, January 22, 2016 12:00 am http://www.apbankers.net/article/26373/rbl-bank-launches-banking-platform-for-startups ISC's banking services include business account, trade and foreign exchange services and transaction banking solutions. Retail Banking Another Asian bank eyes PH market News Team Thursday, January 21, 2016 12:00 am http://www.apbankers.net/article/26370/another-asian-bank-eyes-ph-market Japanese financial giant MUFG acquired a 20-percent stake in Security Bank in a deal valued at P37 billion, making it one of the largest foreign acquisitions of a local bank in recent years. Retail Banking Bank Negara okays talk extension for MBSB-Bank Muamalat merger News Aggregation Team Tuesday, January 19, 2016 12:00 am http://www.apbankers.net/article/26321/bank-negara-okays-talk-extension-for-mbsb-bank-muamalat-merger DRB-Hicom owns 70% of Bank Muamalat Retail Banking Mitsubishi UFJ to Acquire a 20% Stake in Security Bank News Aggregation Team Friday, January 15, 2016 12:00 am http://www.apbankers.net/article/26266/mitsubishi-ufj-to-acquire-a-20-stake-in-security-bank The offer price denotes an 81% premium on Security Bank's Wednesday closing price of 135 pesos. Retail Banking MUFG to Buy $773 Million Stake in Philippines' Security Bank News Aggregation Team Thursday, January 14, 2016 12:00 am http://www.apbankers.net/article/26229/mufg-to-buy-773-million-stake-in-philippinesamp039-security-bank Japan’s biggest lenders have expressed interest in investing in the Philippines after the country loosened its rules on foreign bank ownership in 2014. Retail Banking State Bank of India opens first branch in South Korea News Aggregation Team Thursday, January 14, 2016 12:00 am http://www.apbankers.net/article/26251/state-bank-of-india-opens-first-branch-in-south-korea The branch will offer a range of services to corporates in trade finance, bilateral and syndicated loans and corporate deposits etc, apart from retail banking. Retail Banking Save individuals, not ‘living dead’ cos: Rajan News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26596/save-individuals-not-amplsquoliving-deadamprsquo-cos-rajan Rajan's statement assumes significance in the backdrop of the government preparing to introduce the bankruptcy bill in Parliament. Tax Switzerland Says Stolen Data Issue Impacting Tax Cooperation With India News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26577/switzerland-says-stolen-data-issue-impacting-tax-cooperation-with-india India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation. Tax Significant progress in tax cooperation with India: Swiss government News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26505/significant-progress-in-tax-cooperation-with-india-swiss-government India and Switzerland have been working closely on mutual administrative assistance on tax matters and both sides have expressed their willingness to step up the cooperation. Tax A boost to transparency in international tax matters - OECD News Team Thursday, January 28, 2016 12:00 am http://www.apbankers.net/article/26469/a-boost-to-transparency-in-international-tax-matters-oecd The signing ceremony marks an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters. Tax Malaysia confirms its commitment to implement Automatic Exchange of Financial Account Information News Team Thursday, January 28, 2016 12:00 am http://www.apbankers.net/article/26470/malaysia-confirms-its-commitment-to-implement-automatic-exchange-of-financial-account-information Many jurisdictions are now updating domestic legislation to ensure that financial institutions report information on financial assets held by non-residents. Financial information is already being collected in many jurisdictions for automatic exchange betw Tax Taxman steps up Swiss account investigations News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26447/taxman-steps-up-swiss-account-investigations Since Australia’s tax treaty with Switzerland was amended at the end of 2014, the ATO has intensified its investigation into holdings in Swiss banks and other financial institutions. Tax This is how little tax Apple is paying News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26458/this-is-how-little-tax-apple-is-paying Tech giant is being audited by tax office and is a subject of Senate investigation. Tax 30 offshore tax evaders under probe News Aggregation Team Wednesday, January 27, 2016 12:00 am http://www.apbankers.net/article/26465/30-offshore-tax-evaders-under-probe Some officials working for the country's top 30 conglomerates are reportedly expected to be investigated for tax evasion attempts; but the NTS didn't give the names of the conglomerates. Tax Big business accused of using 'straw man' arguments against tax avoidance crackdown News Aggregation Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26430/big-business-accused-of-using-amp039straw-manamp039-arguments-against-tax-avoidance-crackdown Tax Justice Network advocates tougher rules that will prevent multinationals gaming international tax laws so they pay little or no tax Tax India, France to explore avenues to check offshore tax evasion News Aggregation Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26431/india-france-to-explore-avenues-to-check-offshore-tax-evasion India has been spearheading the campaign at international fora for automatic exchange of information with a view to check tax evasion. Tax China sovereign wealth fund joins $6.3 bln bid for Australia's Asciano News Aggregation Team Friday, January 29, 2016 12:00 am http://www.apbankers.net/article/26477/china-sovereign-wealth-fund-joins-63-bln-bid-for-australiaamp039s-asciano Asciano said in a statement its board was considering the Qube offer but continues to support the Brookfield offer. Sovereign Wealth CIC joins Gooman in $500m UK deal News Aggregation Team Tuesday, January 26, 2016 12:00 am http://www.apbankers.net/article/26424/cic-joins-gooman-in-500m-uk-deal The ABPP is being slowly broken up but a new partnership with CIC could lift Goodman’s interests in the British market and is keeping with its model of attracting pension fund investors globally. Sovereign Wealth Khazanah says overseas investments give better returns News Aggregation Team Thursday, January 14, 2016 12:00 am http://www.apbankers.net/article/26247/khazanah-says-overseas-investments-give-better-returns Malaysia was still a relatively small market, and needed to build its presence and linkages Sovereign Wealth Sovereign Wealth Funds Can Be Management Leaders News Aggregation Team Wednesday, January 13, 2016 12:00 am http://www.apbankers.net/article/26214/sovereign-wealth-funds-can-be-management-leaders Two leaders of an Australian fund explain how they challenged deceptive messages about investment capability, and raised the game of the companies they work with. Sovereign Wealth China wealth fund eyes Thai stake News Aggregation Team Friday, January 01, 2016 12:00 am http://www.apbankers.net/article/26511/china-wealth-fund-eyes-thai-stake Targets investment in govt Future Fund Sovereign Wealth China Investment Corp chooses Mirvac as Australian asset manager News Aggregation Team Thursday, December 24, 2015 12:00 am http://www.apbankers.net/article/25900/china-investment-corp-chooses-mirvac-as-australian-asset-manager Mirvac has paid Morgan Stanley $37.4 million for the management rights contracts. Sovereign Wealth China 'to move £500bn sovereign wealth fund to New York' News Aggregation Team Monday, December 14, 2015 12:00 am http://www.apbankers.net/article/25722/china-amp039to-move-amppound500bn-sovereign-wealth-fund-to-new-yorkamp039 CIC shifts focus to US investments after Canadian assets hit by energy and mining downturn Sovereign Wealth Sovereign wealth fund not a goal for central bank News Aggregation Team Wednesday, December 09, 2015 12:00 am http://www.apbankers.net/article/25626/sovereign-wealth-fund-not-a-goal-for-central-bank THE Bank of Thailand is not pursuing a path towards the creation of a sovereign wealth fund, but rather seeking greater flexibility in managing foreign reserves to cope with volatility in the year ahead. Sovereign Wealth China's sovereign wealth fund to boost stake in Germany News Aggregation Team Wednesday, December 02, 2015 12:00 am http://www.apbankers.net/article/25525/chinaamp039s-sovereign-wealth-fund-to-boost-stake-in-germany Private equity funds with ties to China market look very attractive to Beijing, top official says Sovereign Wealth Sovereign wealth funds banking on Aussie innovation News Aggregation Team Friday, November 20, 2015 12:00 am http://www.apbankers.net/article/25278/sovereign-wealth-funds-banking-on-aussie-innovation The numbers form part of the Australian Private Equity and Venture Capital Association and EY Yearbook released recently. Sovereign Wealth HSBC grapples with domicile dilemma News Aggregation Team Friday, February 05, 2016 12:00 am http://www.apbankers.net/article/26598/hsbc-grapples-with-domicile-dilemma HSBC matters. Research Three quarters of high-net-worth individuals plan to invest more in 2016 News Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26585/three-quarters-of-high-net-worth-individuals-plan-to-invest-more-in-2016 14 per cent responded No and 10 per cent did not yet know. Research Netwealth is highest-rated adviser platform News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26557/netwealth-is-highest-rated-adviser-platform "With the aim of improving adviser efficiency and providing greater transparency, the platform industry saw continued focus on enhancing and refreshing platform portals," Investment Trends senior analyst King Loong Choi said. Research Credit Suisse rates MCB among top three banks of Asia News Aggregation Team Wednesday, February 03, 2016 12:00 am http://www.apbankers.net/article/26564/credit-suisse-rates-mcb-among-top-three-banks-of-asia Headquartered in Zurich, the company provides services in investment banking, private banking and asset management services organised as separate divisions. Research Advisers say volatility in China is one of their biggest challenges in 2016 News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26525/advisers-say-volatility-in-china-is-one-of-their-biggest-challenges-in-2016 Almost half 45% of advisers are concerned about Chinese growth slowing and associated downward pressure on markets Research Why young Asian bankers STILL want to work for Barclays, Deutsche and Stan Chart News Aggregation Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26532/why-young-asian-bankers-still-want-to-work-for-barclays-deutsche-and-stan-chart All this trimming might make them seem like unstable, undesirable employers in the minds of Asian graduates and junior bankers. Research Should global investors be quite so concerned about China? - Craig Botham News Team Tuesday, February 02, 2016 12:00 am http://www.apbankers.net/article/26543/should-global-investors-be-quite-so-concerned-about-china-craig-botham Craig argues that weakness in the equity markets does not point to weakness in the broader economy, and that the main risk that China poses to the world is related to its currency: Research Big-spending Philippines posts strong Q4 growth News Aggregation Team Monday, February 01, 2016 12:00 am http://www.apbankers.net/article/26493/big-spending-philippines-posts-strong-q4-growth Even the severe El Nino dry spell, which hit farm output, failed to dampen the country’s momentum much. Research With Growing Investments, China's Influence In Autos Is Expanding News Aggregation Team Friday, January 29, 2016 12:00 am http://www.apbankers.net/article/26476/with-growing-investments-chinaamp039s-influence-in-autos-is-expanding For the first time on a mass scale, a car built in China will be on sale in the United States — the Buick Envision. Research Shaky stock market pushes Singapore institutional investors to private equity News Aggregation Team Friday, January 29, 2016 12:00 am http://www.apbankers.net/article/26479/shaky-stock-market-pushes-singapore-institutional-investors-to-private-equity The survey also showed that institutional investors in Asia see alternative strategies as a source of diversification and alpha Research Religare Q3 profit jumps 3-fold News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26583/religare-q3-profit-jumps-3-fold Religare said it has reported one time gain of Rs 373.6 crore on sale of long term investments in a joint venture with Aegon India Holdings NV to Bennett, Coleman & Company. Company Results Vanguard snares record $3 billion RQFII quota for investment in China A shares News Aggregation Team Thursday, February 04, 2016 12:00 am http://www.apbankers.net/article/26586/vanguard-snares-record-3-billion-rqfii-quota-for-investment-in-china-a-shares In June, Vanguard announced it had received the largest first-time quota ever awarded Company Results Accenture, Capgemini register healthy top-line growth; struggle with margins due to higher taxes News Aggregation Team Thursday, January 28, 2016 12:00 am http://www.apbankers.net/article/26474/accenture-capgemini-register-healthy-top-line-growth-struggle-with-margins-due-to-higher-taxes Experts tracking the companies said while Accenture and Capgemini have made significant headway in India over the past few years, they still trail IBM, which dominates the local outsourcing market, especially in the telecom sector, with large contracts fr Company Results Bangkok Bank Q4 net profit down 12 pct on higher provisions News Team Friday, January 22, 2016 12:00 am http://www.apbankers.net/article/26380/bangkok-bank-q4-net-profit-down-12-pct-on-higher-provisions Bangkok Bank's net profit was 7.7 billion baht ($212.2 million) for the October-December quarter, slightly higher than an average forecast of 7.5 billion baht from Thomson Reuters StarMine. Company Results South Indian Bank posts 15% rise in Q3 profit News Aggregation Team Thursday, January 21, 2016 12:00 am http://www.apbankers.net/article/26364/south-indian-bank-posts-15-rise-in-q3-profit The bank’s total business increased â¹8,585 crore to â¹94,042 crore Company Results Praemium has record inflows of $1.7b News Aggregation Team Wednesday, January 20, 2016 12:00 am http://www.apbankers.net/article/26326/praemium-has-record-inflows-of-17b Praemiums new business development has pushed funds under administration at December 31, 2015 to $4.5 billion Company Results Banks set to post mixed Q4 results News Aggregation Team Tuesday, January 19, 2016 12:00 am http://www.apbankers.net/article/26323/banks-set-to-post-mixed-q4-results US rate hike may offset impact of falling oil prices, China factor Company Results Kotak Mahindra Bank Q3 profit rises 11.5%, provisions higher News Aggregation Team Monday, January 18, 2016 12:00 am http://www.apbankers.net/article/26305/kotak-mahindra-bank-q3-profit-rises-115-provisions-higher Net interest income rose by 5.2 percent quarter-on-quarter (up 66.7 percent on yearly basis) to Rs 1,766.2 crore in quarter gone by. Company Results Bell Financial Group posts strong result News Aggregation Team Friday, January 15, 2016 12:00 am http://www.apbankers.net/article/26274/bell-financial-group-posts-strong-result The group's funds under advice now exceed $32 billion with $28 billion in CHESS sponsored holdings, $900 million in cash deposits, $500 million in superannuation assets, $300 million in margin equity loans and more than $2 billion on its Portfolio Ad Company Results Singapore firms likely to report lower profits, while banks may come out tops: Analysts News Aggregation Team Tuesday, January 12, 2016 12:00 am http://www.apbankers.net/article/26162/singapore-firms-likely-to-report-lower-profits-while-banks-may-come-out-tops-analysts We believe that they will continue to rise throughout 2016 in Singapore, which is positive for the banks Company Results