The Asia Pacific Banking News Network http://www.apbankers.net/ Sun, 21 Dec 2014 21:27:37 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Barings to debut with three Hong Kong domiciled funds next year News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18232/barings-to-debut-with-three-hong-kong-domiciled-funds-next-year One of the funds will cover multi-asset income, with the option of having a renminbi share class. Wealth and Asset Management Bordier-Credit China deal: a nascent trend? News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18196/bordier-credit-china-deal-a-nascent-trend The new partnership between Swiss private bank Bordier & Cie and Chinese peer-to-peer lender Credit China points to P2P platforms' potential as wealth managers. Wealth and Asset Management Wealth-X Reveals: The Biggest Gainers And Losers Of 2014 News Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18210/wealth-x-reveals-the-biggest-gainers-and-losers-of-2014 As 2014 comes to a close, Wealth-X today reveals this year’s biggest financial gainers and losers. Wealth and Asset Management Under pressure Swiss banks eye China News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18207/under-pressure-swiss-banks-eye-china Switzerland's banking sector, facing the end of the secrecy that was once the bedrock of its business, is turning to China as it seeks new markets for the future. Wealth and Asset Management UK rolls out red carpet for wealthy Chinese shoppers, investors News Aggregation Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18113/uk-rolls-out-red-carpet-for-wealthy-chinese-shoppers-investors Retailers, hotels and banks respond as dealmakers flood into London Wealth and Asset Management Swiss private bank continues Asian expansion News Aggregation Team Thursday, December 11, 2014 12:00 am http://www.apbankers.net/article/18106/swiss-private-bank-continues-asian-expansion The rapid growth of Asia’s super rich has made the region a prime target for the industry since the global financial crisis but many banks have struggled to produce profits in the face of rising regulatory costs, particularly around money laundering Wealth and Asset Management DeVere gears up for global expansion News Aggregation Team Thursday, December 11, 2014 12:00 am http://www.apbankers.net/article/18116/devere-gears-up-for-global-expansion Global advice firm deVere announced plans to expand further around the world, claiming it will see a 25 per cent growth in business next year. Wealth and Asset Management Chinese wealth next stop for hush-hush Swiss bankers News Aggregation Team Thursday, December 11, 2014 12:00 am http://www.apbankers.net/article/18125/chinese-wealth-next-stop-for-hush-hush-swiss-bankers Swiss bankers worry this will make the country less attractive for investment Wealth and Asset Management Say cheese: Swiss eyes on ‘tax haven’ Aussies News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18074/say-cheese-swiss-eyes-on-amplsquotax-havenamprsquo-aussies THE tax office is poised to ­exchange information with Swiss officials relating to five super wealthy Australians ­believed to be hiding cash in the notorious tax haven. Wealth and Asset Management Under pressure Swiss banks eye Chinese wealth News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18079/under-pressure-swiss-banks-eye-chinese-wealth Switzerland's banking sector, facing the end of the secrecy that was once the bedrock of its business, is turning to China as it seeks new markets for the future. Wealth and Asset Management BNY Mellon Names Vivian Chan Wealth Director for Business Development in Hong Kong News Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18223/bny-mellon-names-vivian-chan-wealth-director-for-business-development-in-hong-kong BNY Mellon Wealth Management builds Asia-Pacific sales team as part of its global growth strategy Executive Moves IRESS boosts Board News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18191/iress-boosts-board His executive career encompassed 29 years with the National Mutual Group, including six years as group managing director and chief executive officer. Executive Moves CGC appoints new CEO News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18198/cgc-appoints-new-ceo Credit Guarantee Corporation Malaysia Bhd has appointed Mohd Zamree Mohd Ishak as its new president and chief executive officer, effective Jan 1 next year. Executive Moves EFG AM makes two new hires in London and Hong Kong News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18204/efg-am-makes-two-new-hires-in-london-and-hong-kong EFG Asset Management has made two new hires to expand its investment teams in London and Hong Kong. Executive Moves Bank J. Safra Sarasin gets new MD from BNP Paribas News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18190/bank-j-safra-sarasin-gets-new-md-from-bnp-paribas She will be based in Bank J. Safra Sarasin's Hong Kong office. Executive Moves Harjit Bhatia Joins AGCA Singapore as Executive Chairman News Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18205/harjit-bhatia-joins-agca-singapore-as-executive-chairman Asia Growth Capital Advisors Pte Ltd is pleased to announce that Harjit Bhatia has joined the company as Executive Chairman. Executive Moves Deloitte announces new CEO News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18164/deloitte-announces-new-ceo Deloitte has appointed the first female leader of a big four accounting firm in Australia, replacing outgoing chief executive Giam Swiegers. Executive Moves Kenanga announces new heads of treasury and wealth management News Aggregation Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18132/kenanga-announces-new-heads-of-treasury-and-wealth-management He was previously the country treasurer and head of Markets for Citibank Bhd, responsible for risk taking activities and customer sales coverage in interest rates and foreign exchange. Executive Moves BNP Paribas WM appoints head of emerging Asian markets News Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18137/bnp-paribas-wm-appoints-head-of-emerging-asian-markets Based in Hong Kong Executive Moves UBS’s Harding-Jones Moves to Hong Kong to Run M&A Asia-Pacific News Aggregation Team Thursday, December 11, 2014 12:00 am http://www.apbankers.net/article/18119/ubsamprsquos-harding-jones-moves-to-hong-kong-to-run-mampampa-asia-pacific Revenue at the Swiss bank’s corporate client-solutions unit, which includes advisory, underwriting and financing businesses, jumped 46 percent Executive Moves Guotai boss targeted in anti-graft probe News Aggregation Team Friday, December 19, 2014 12:00 am http://www.apbankers.net/article/18229/guotai-boss-targeted-in-anti-graft-probe Anti-graft officials in Hong Kong raided a residential property belonging to a senior executive at financial services firm Guotai Junan International Holdings. Legal, Regulation & Compliance Law firm for the super rich News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18216/law-firm-for-the-super-rich Withers enters a competitive and growing legal market of serving private clients Legal, Regulation & Compliance UCX promoter Ketan Sheth siphoned funds, finds KPMG forensic audit News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18222/ucx-promoter-ketan-sheth-siphoned-funds-finds-kpmg-forensic-audit FMC had in Sept commissioned KPMG to conduct the audit after it found that Sheth was allegedly siphoning money from the exchange Legal, Regulation & Compliance Asian central banks intervene to shore up their currencies News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18195/asian-central-banks-intervene-to-shore-up-their-currencies Asian central banks have ramped up their intervention in currency markets to stem the sell-off roiling emerging markets, testing the notion that the region is better placed to handle a market rout than during its 1997-1998 financial crisis. Legal, Regulation & Compliance CVC chairman in tax haven dispute News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18225/cvc-chairman-in-tax-haven-dispute The chairman of listed investment company CVC, Vanda Gould, set up a bank in the secretive financial centre of Samoa structured to get around Australian tax law Legal, Regulation & Compliance Do panic moves by central banks ever work? News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18211/do-panic-moves-by-central-banks-ever-work A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves by officials have any genuine impact. Legal, Regulation & Compliance Central Bank employees union files PIL seeking direction to recover bad loans News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18181/central-bank-employees-union-files-pil-seeking-direction-to-recover-bad-loans Burgeoning bad debts in public sector banks has prompted an employees union to file a public interest litigation seeking the Bombay High Court’s ‘interference and directions’ for effecting loan recoveries. Legal, Regulation & Compliance Sebi says MF schemes with bonus option 'not legitimate' News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18155/sebi-says-mf-schemes-with-bonus-option-amp039not-legitimateamp039 The capital market regulator has plugged the loophole that allowed savvy mutual fund investors to lower tax by bonus stripping. Legal, Regulation & Compliance Wolters Kluwer Financial Services Recognized for Fifth Year Running for Exemplary Service to Compliance and Regulation News Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18172/wolters-kluwer-financial-services-recognized-for-fifth-year-running-for-exemplary-service-to-compliance-and-regulation Regulatory Analysis Team Wins “Best Editorial Team” at 11th Annual Compliance Register Platinum Awards Legal, Regulation & Compliance Big banks back overhaul of advice industry but baulk at funding compo News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18151/big-banks-back-overhaul-of-advice-industry-but-baulk-at-funding-compo After a year of turmoil in financial advice, big banks are supporting the creation of a public adviser register, more disclosure of licence ownership, and tighter rules on who can call themselves an adviser. Legal, Regulation & Compliance Liquidnet Outsources Asia Back-Office Services to BNP Paribas News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18234/liquidnet-outsources-asia-back-office-services-to-bnp-paribas BNP Paribas Securities Services has struck a deal with Liquidnet to provide the trading network with a suite of back-office services for its Asia-Pacific business. BankTech Crimeware-as-a-Service Threatens Ban News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18237/crimeware-as-a-service-threatens-ban Why Evolving Malware Families Are Big Cause for Concern BankTech How Japan's Rakuten plans to become a global ecommerce giant News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18173/how-japanamp039s-rakuten-plans-to-become-a-global-ecommerce-giant Rakuten is one of Japan’s biggest tech companies, yet it’s still relatively unknown in Europe. BankTech ATO’s global tax hunt: Multinationals under scrutiny for minimisation schemes News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18034/atoamprsquos-global-tax-hunt-multinationals-under-scrutiny-for-minimisation-schemes UP to 10 multinational firms, including the world’s leading tech companies, are being audited by the tax office in the largest investigation into offshore “super profit” shifting in the nation’s history. BankTech Iswaraan Suppiah Enables CIMB’s Growth Across ASEAN News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/17983/iswaraan-suppiah-enables-cimbamprsquos-growth-across-asean How Iswaraan Suppiah has laid the technology foundation for CIMB to become the first pan-ASEAN bank. BankTech UBS Turns to Artificial Intelligence to Advise Wealthy Clients News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/18014/ubs-turns-to-artificial-intelligence-to-advise-wealthy-clients UBS Group AG, facing the threat of competition from Google Inc. and Amazon.com Inc., has turned to a Singapore-based technology company that uses artificial intelligence for help delivering personalized advice to the bank’s wealthy clients. BankTech Vulpes Investment Management integrates Tora PMS and RMS systems News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/18023/vulpes-investment-management-integrates-tora-pms-and-rms-systems TORA’s solution provides fully flexible portfolio views, real-time and historical profit and loss BankTech Data science to the fore in UBS Innovation Challenge News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/18028/data-science-to-the-fore-in-ubs-innovation-challenge A Singaporean data science company has bagged a S$40,000 prize and a chance to work with one the world's largest banks after triumphing in an Innovation Challenge set by UBS. BankTech Westpac to debut fingerprint access for mobile banking News Aggregation Team Sunday, December 07, 2014 12:00 am http://www.apbankers.net/article/17989/westpac-to-debut-fingerprint-access-for-mobile-banking Westpac Live was launched in May last year in an initiative designed to bring a common interface to all of the bank's customer facing applications across PC, laptop and mobile devices. BankTech Newport Earns Top Honors in Global EMS Survey News Team Thursday, December 04, 2014 12:00 am http://www.apbankers.net/article/17929/newport-earns-top-honors-in-global-ems-survey Instinet Incorporated today announced it has been included in The TRADE’s “Roll of Honor” for its annual Global EMS Survey for 2014. BankTech China will remain the focus for Taiwan’s ETF space News Aggregation Team Friday, December 19, 2014 12:00 am http://www.apbankers.net/article/18230/china-will-remain-the-focus-for-taiwanamprsquos-etf-space Galvanised by a recent rally in China’s onshore equity market, Taiwan’s A-share-linked ETFs notched up significant uptakes in subscription and turnover in early December. Alternative Investments China’s insurers get green light for VC funds News Aggregation Team Friday, December 19, 2014 12:00 am http://www.apbankers.net/article/18231/chinaamprsquos-insurers-get-green-light-for-vc-funds The regulator said that investment capital should concentrate on supporting technology companies, small and micro businesses, and strategic emerging industries. Alternative Investments ICICI Bank out of Russia, trims foreign operations News Aggregation Team Friday, December 19, 2014 12:00 am http://www.apbankers.net/article/18236/icici-bank-out-of-russia-trims-foreign-operations Lender repatriates capital from its UK, Canada arms over macroeconomic uncertainties, strict regulations and tepid growth opportunities Alternative Investments Fund executive turnover on rise in China News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18226/fund-executive-turnover-on-rise-in-china Rule changes have led to a rising number of mutual fund managers leaving to set up private vehicles and asset management bosses switching to new investment units set up by brokers or insurers. Alternative Investments RBI may cut rates early next year: C Rangarajan News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18227/rbi-may-cut-rates-early-next-year-c-rangarajan HYDERABAD: The Reserve Bank of India may go for rate cut early next year as price situation is showing 'definite improvement', former chairman of Prime Minister's Economic Advisory Council, C Rangarajan said today. Alternative Investments Flipkart Closes USD 150M in Funding from Qatar Investment Authority News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18228/flipkart-closes-usd-150m-in-funding-from-qatar-investment-authority QIA is a new investor in Flipkart, which valued the company at around USD 11 billion. It has also made investments in companies like Tiffany, Barclays, Credit Suisse and holds a USD 1.2 billion stake in Indian mobile phone carrier Bharti Airtel. Alternative Investments Janus boosts Asia offering with four new funds News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18233/janus-boosts-asia-offering-with-four-new-funds Janus Capital has significantly expanded its Asia and Japan offering with four new equity funds. Alternative Investments AMP Capital receives global infrastructure commitment from Ontario Pension Board News Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18197/amp-capital-receives-global-infrastructure-commitment-from-ontario-pension-board AMP Capital has received a US$200 million commitment, with additional co-investment rights, from Canadian pension plan Ontario Pension Board to invest in its global infrastructure strategy. Alternative Investments Western Union Enters Deal With Bank Of China News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18202/western-union-enters-deal-with-bank-of-china Western Union's money transfer services will be available at 10,000 Bank of China branches and sub-branches across mainland China from next year. Alternative Investments Reform hopes spur demand for Indian corporate bonds overseas News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18206/reform-hopes-spur-demand-for-indian-corporate-bonds-overseas A few weeks ago, the same lender mopped up $500 million and $200 million in two tranches, but the re spective spreads had narrowed to 176 bps and 166 bps over the five year US Treasury yield. Alternative Investments IFSB coducts public hearing on exposure drafts News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18193/ifsb-coducts-public-hearing-on-exposure-drafts The public consultation period for the two documents was set from Oct 31, 2014 to Jan 5, 2015. Islamic Finance Hong Kong works to keep Islamic finance momentum as firms balk News Aggregation Team Thursday, December 11, 2014 12:00 am http://www.apbankers.net/article/18108/hong-kong-works-to-keep-islamic-finance-momentum-as-firms-balk Hong Kong's government is trying to maintain the territory's momentum toward becoming an Islamic finance centre, as other potential sukuk issuers show little enthusiasm. Islamic Finance Malaysia On Track To Become International Islamic Financial Hub News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18097/malaysia-on-track-to-become-international-islamic-financial-hub He said according to the Bank Negara Annual Report, Malaysia was ranked second after Saudi Arabia in Islamic banking with the total Islamic financial assets reaching RM599.5 billion, financing (RM408.1 billion) and deposits (RM472.1 billion). Islamic Finance Pressures Shelve India’s Islamic Finance News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18038/pressures-shelve-indiaamprsquos-islamic-finance State Bank of India Mutual Fund has deferred the launch of Shari`ah Equity Fund in India, aimed at attracting investments from the country's Muslims, sparking rumors that the promising fund was suspended after pressures from Hindu groups and parties. Islamic Finance Saudi Arabia and Malaysia: Key driving markets for Islamic banking News Aggregation Team Thursday, December 04, 2014 12:00 am http://www.apbankers.net/article/17922/saudi-arabia-and-malaysia-key-driving-markets-for-islamic-banking The market share of Islamic banking assets in Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Malaysia is now between 20 percent and 49 percent. Islamic Finance M'sian Financial Firms Have Role To Play In Gulf Region: Expert News Aggregation Team Sunday, November 30, 2014 12:00 am http://www.apbankers.net/article/17831/mamp039sian-financial-firms-have-role-to-play-in-gulf-region-expert Malaysian financial services firms have an excellent opportunity to play a role in the growth of Islamic finance in the Gulf region Islamic Finance New drive needed to develop Islamic economy News Aggregation Team Friday, November 28, 2014 12:00 am http://www.apbankers.net/article/17802/new-drive-needed-to-develop-islamic-economy At issue is the need to make the WIEF leave a mark on the world by providing a lasting legacy for Islam and the Muslim ummah as a whole. Islamic Finance Turning Brussels into a shariah-compliant investment city News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17721/turning-brussels-into-a-shariah-compliant-investment-city Belgium aims to explore more potential opportunities with Malaysia to help make its capital, Brussels, become one of the shariah-compliant investment cities in Europe. Islamic Finance India's State-Owned Bank to Launch Islamic Fund News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17746/indiaamp039s-state-owned-bank-to-launch-islamic-fund India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims. Islamic Finance SBI set to launch Shariah-compliant mutual fund News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17700/sbi-set-to-launch-shariah-compliant-mutual-fund An SBI official said the country’s biggest lender had received all clearances to launch its Shariah Equity Fund, including from the Reserve Bank of India and the government. Islamic Finance China’s Financial Firms Change Plans on Takeovers News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18178/chinaamprsquos-financial-firms-change-plans-on-takeovers Mainland Chinese financial companies are taking aim at distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets. Investment Banking ‘Experience, unity’ put UBS at top of the tree News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18154/amplsquoexperience-unityamprsquo-put-ubs-at-top-of-the-tree UBS has mopped the floor with its rivals in the annual East Coles investment banking survey, adding some Christmas cheer after a busy year fighting for dominance in the highly competitive market. Investment Banking Korea's NPS plans Asia investment office News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18158/koreaamp039s-nps-plans-asia-investment-office NPS stated that its total investment into global stocks would increase from 11.3% ($45.5 billion) this year to at least 15% ($110 billion) by 2019. Investment Banking China financial firms seek control deals in outbound M&A News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18160/china-financial-firms-seek-control-deals-in-outbound-mampampa These days they mostly seek controlling stakes, and now they are scouting Europe for opportunities, avoiding anything too big. Investment Banking UAE’s First Gulf Bank Looks To Asia For Expansion News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18149/uaeamprsquos-first-gulf-bank-looks-to-asia-for-expansion It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India. Investment Banking Hana Bank, KEB integrate China units News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18152/hana-bank-keb-integrate-china-units Hana Financial Group has yet to merge the domestic operations of Hana Bank and KEB Investment Banking BNP Paribas Investment Partners Opens Wholly Owned Subsidiary In Shanghai News Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18118/bnp-paribas-investment-partners-opens-wholly-owned-subsidiary-in-shanghai BNP Paribas Investment Partners, the asset management arm of BNP Paribas, says it has opened a wholly foreign owned subsidiary, Investment Banking Behind China’s infrastructure bank News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18076/behind-chinaamprsquos-infrastructure-bank The world is awash with money yet in most places economic growth is decelerating and deflation threatens. Investment Banking RBS Said to Exit Bond Trading in Japan as Firm Cuts 200 Jobs News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18092/rbs-said-to-exit-bond-trading-in-japan-as-firm-cuts-200-jobs Royal Bank of Scotland Group Plc will pull out of fixed-income trading in Japan and slash staff numbers by more than 200 to about 30, with most of the jobs going by February Investment Banking BT aligns investment teams under single structure News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18042/bt-aligns-investment-teams-under-single-structure BT Financial Group has announced the realignment of its internal investment management teams within a single business unit and has created a single chief investment officer role within the group. Investment Banking Bank sees slower S'pore growth in 2015 News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18144/bank-sees-slower-samp039pore-growth-in-2015 Growth will be slower next year as manufacturers continue to struggle with restructuring and exporters deal with the uneven global economy, Bank of America Merrill Lynch said yesterday. InvestmentView Hong Kong wants to be a platform for trade with China and Far East News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18148/hong-kong-wants-to-be-a-platform-for-trade-with-china-and-far-east UAE has huge scope for utilising offshore renminbi settlements and bond market InvestmentView Japan can get better financial positioning in Int'l market through Islamic Finance News Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18129/japan-can-get-better-financial-positioning-in-intamp039l-market-through-islamic-finance Islamic Finance is not only confined in Muslim countries now but Non-Muslim countries also getting ample benefits from it. InvestmentView BlackRock Investment Institute’s 2015 Investment Outlook News Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18082/blackrock-investment-instituteamprsquos-2015-investment-outlook The Outlook, "Dealing with Divergence," explores the Institute's main economic assumptions, top investment ideas and views on likely cross currents for 2015. InvestmentView Asian foot-dragging leaves taxpayers on hook for bank bail-outs News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18036/asian-foot-dragging-leaves-taxpayers-on-hook-for-bank-bail-outs Asia's financial regulators are dragging their feet on implementing measures to protect taxpayers from big bank failures, leaving governments on the hook for bail-outs and potentially forcing large global lenders to exit some markets. InvestmentView Hong Kong extending reach as funds domicile News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18045/hong-kong-extending-reach-as-funds-domicile A recent example of this was the September approval of only the second HK-domiciled ETF for sale to Chilean pensions. InvestmentView AMP Capital’s outlook for real assets in 2015 News Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18058/amp-capitalamprsquos-outlook-for-real-assets-in-2015 AMP Capital, a long-term investor in real assets, expects further demand for prime real estate and infrastructure assets in 2015 as institutional investors such as global pension funds, insurers and sovereign wealth funds continue to search for more consi InvestmentView Standard Chartered release global outlook for 2015 News Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18063/standard-chartered-release-global-outlook-for-2015 We believe that what John Maynard Keynes referred to as “animal spirits” - a spontaneous urge to action rather than inaction, and not the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities - are wha InvestmentView Beijing school rush makes property prices higher than Mayfair News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/17994/beijing-school-rush-makes-property-prices-higher-than-mayfair Chinese parents battling to get their kids into Beijing's best primary schools have sent property prices into the stratosphere InvestmentView Philippine banking system one of Asean’s strongest – HSBC News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/17995/philippine-banking-system-one-of-aseanamprsquos-strongest-ampndash-hsbc The Philippines is in a bucket of its own InvestmentView NAB sells $1.9 bln UK commercial real estate loans News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18185/nab-sells-19-bln-uk-commercial-real-estate-loans National Australia Bank on Tuesday said it will sell an additional 1.2 billion pounds of mostly non-performing UK commercial property loans to private equity firm Cerberus Global Investors. Retail Banking UAE bank FGB plans to expand operations in India News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18187/uae-bank-fgb-plans-to-expand-operations-in-india The UAE-based bank FGB is planning to grow its international operations by expanding in India. Retail Banking Forget the Toaster, Chinese Bank Offers Mercedes to Get Deposits News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18157/forget-the-toaster-chinese-bank-offers-mercedes-to-get-deposits Higher returns from Internet funds and investment products such as trusts, combined with the promise of a soaring stock market, have China’s banks feeling the drain.Higher returns from Internet funds and investment products such as trusts, combined Retail Banking China's Tencent wins approval to start banking business News Aggregation Team Sunday, December 14, 2014 12:00 am http://www.apbankers.net/article/18146/chinaamp039s-tencent-wins-approval-to-start-banking-business You will not be taxed in South Africa on a pension that you accumulated while you worked outside the country, although this exemption is subject to several qualifications. Retail Banking Axis Bank to raise $100 million from IFC News Aggregation Team Wednesday, December 10, 2014 12:00 am http://www.apbankers.net/article/18078/axis-bank-to-raise-100-million-from-ifc The World Bank's investment arm said it will invest upto $100 million equivalent in Indian rupees in a fixed-rate, infrastructure bond issued by Axis Bank. Retail Banking Sumitomo Mitsui Said to Agree to Buy Citigroup Japan Unit News Aggregation Team Tuesday, December 09, 2014 12:00 am http://www.apbankers.net/article/18044/sumitomo-mitsui-said-to-agree-to-buy-citigroup-japan-unit The Japanese lender is seeking to get more business from wealthy individuals in a country with about $14 trillion in household financial assets. Retail Banking DBS poised at last to make Aussie debut News Aggregation Team Monday, December 08, 2014 12:00 am http://www.apbankers.net/article/18020/dbs-poised-at-last-to-make-aussie-debut DBS Bank, South-east Asia's largest lender, has set its eyes Down Under, finally. Retail Banking Thai banks chase regional dreams as domestic lending boom fades News Aggregation Team Friday, December 05, 2014 12:00 am http://www.apbankers.net/article/17959/thai-banks-chase-regional-dreams-as-domestic-lending-boom-fades Expanding in foreign markets where we are not familiar has some risks Retail Banking ICICI Bank sells Russian subsidiary to Sovcombank News Aggregation Team Friday, December 05, 2014 12:00 am http://www.apbankers.net/article/17977/icici-bank-sells-russian-subsidiary-to-sovcombank The board of country’s largest private sector lender ICICI Bank on Friday approved sale of the bank’s shareholding in its Russian subsidiary ICICI Bank Eurasia, to a third party Sovcombank. Retail Banking Thai banks go pillion riding in Asia News Aggregation Team Tuesday, December 02, 2014 12:00 am http://www.apbankers.net/article/17884/thai-banks-go-pillion-riding-in-asia Thailand’s big banks are hitching a ride on the caravan of Thai companies departing for new growth centres in the Greater Mekong region, which includes Myanmar and southern China, as a chill in retail lending drives them to look outward for long-ter Retail Banking Govt renegotiating tax treaties to curb illicit wealth flows News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18214/govt-renegotiating-tax-treaties-to-curb-illicit-wealth-flows The comments come at a time when the Supreme Court- constituted Special Investigation Team (SIT) has detected funds Tax CVC chairman in tax haven dispute News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18220/cvc-chairman-in-tax-haven-dispute Tax experts are expected to watch the ruling, saying it may have implications for global technology companies that book revenue offshore even though sales take place in Australia. Tax RI, Singapore step up tax-compliance efforts News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18184/ri-singapore-step-up-tax-compliance-efforts Indonesia and Singapore have expressed a commitment to intensify taxation-information exchanges to counter cross-border tax evasion and tax avoidance Tax Singapore, Indonesia to strengthen cooperation on sharing tax information News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18199/singapore-indonesia-to-strengthen-cooperation-on-sharing-tax-information The updated agreement aims to further promote investment and trade flows Tax Make tax evasion serious crime for black money information: SIT chief - News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18162/make-tax-evasion-serious-crime-for-black-money-information-sit-chief India is seeking cooperation from a number of foreign jurisdictions, including Switzerland, in cases of suspected black money, but its requests have been turned down in maximum number of such instances as tax evasion is not dealt under strict criminal law Tax PH steps up campaign vs cross-border tax evaders News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18168/ph-steps-up-campaign-vs-cross-border-tax-evaders The Philippines and 14 other developing countries have started to beef up efforts aimed at plugging tax leaks across borders under the auspices of a project spearheaded by the Organization for Economic Cooperation and Development Tax Make tax evasion serious crime for black money info: SIT chief MB Shah News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18169/make-tax-evasion-serious-crime-for-black-money-info-sit-chief-mb-shah Tax evasion needs to be made a serious 'criminal offence' to force foreign countries to reveal names and account details of Indians stashing illicit wealth abroad, the Special Investigation Team on black money has said. Tax Indian Americans' global assets under tax lens; India may soon become a signatory to US law News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18171/indian-americansamp039-global-assets-under-tax-lens-india-may-soon-become-a-signatory-to-us-law It was more than a statement — the newborn would be an American citizen and enjoy the privileges that came with it. Tax UAE and Hong Kong sign final agreement to avoid double taxation on income News Aggregation Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18126/uae-and-hong-kong-sign-final-agreement-to-avoid-double-taxation-on-income The UAE signed today the final agreement for the avoidance of double taxation on income with Hong Kong, during a meeting between businessmen and commercial banks from both parties in Dubai. Tax India Amplifies Compliance Norms for Wealth Tax Purposes News Team Friday, December 12, 2014 12:00 am http://www.apbankers.net/article/18138/india-amplifies-compliance-norms-for-wealth-tax-purposes In a recent development, the compliance norms for wealth tax purposes in India have been amplified. Tax Middle East Wealth Funds To Actively Invest In 2015 News Aggregation Team Sunday, November 30, 2014 12:00 am http://www.apbankers.net/article/17829/middle-east-wealth-funds-to-actively-invest-in-2015 Sovereign wealth funds in the region are investing more in emerging markets such as Africa and China as they shift away from Western markets. Sovereign Wealth Defusing the Fiscal Timebomb - Standard Life Investments News Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17718/defusing-the-fiscal-timebomb-standard-life-investments More generally, countries should look to boost long-term growth rates by accelerating structural reforms aimed at boosting productivity. Sovereign Wealth Singapore GIC to invest in Indonesia News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17713/singapore-gic-to-invest-in-indonesia The country's new president Joko Widodo has pledged to cut red tape to attract more foreign investors and strengthen the economy. Sovereign Wealth KIC to retain BOA stake for time being: chief News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17689/kic-to-retain-boa-stake-for-time-being-chief KIC has been facing strong backlash from opposition party lawmakers for its US$2 billion investment in Merrill Lynch in 2008 before the financial firm was merged with BoA. Sovereign Wealth 1MDB Criticized by Lawmakers Before Sukuk Sale: Islamic Finance News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17556/1mdb-criticized-by-lawmakers-before-sukuk-sale-islamic-finance The fund, which counts Prime Minister Najib Razak as chairman of its advisory board, attracted criticism last year over fees and profits made by Goldman Sachs Group Inc. for arranging a $3 billion bond. Sovereign Wealth Frontier sovereigns eye Thai bonds News Aggregation Team Saturday, November 08, 2014 12:00 am http://www.apbankers.net/article/17332/frontier-sovereigns-eye-thai-bonds This will appeal mainly to high-net worth investors and a small group of funds able to book unrated assets. Sovereign Wealth GIC closes in on $8 billion IndCor deal News Aggregation Team Thursday, November 06, 2014 12:00 am http://www.apbankers.net/article/17276/gic-closes-in-on-8-billion-indcor-deal GIC is pressing ahead to raise its exposure to global property investments Sovereign Wealth Qatar and Citic agree $10bn investment deal News Aggregation Team Wednesday, November 05, 2014 12:00 am http://www.apbankers.net/article/17261/qatar-and-citic-agree-10bn-investment-deal Qatar's sovereign wealth fund and Chinese conglomerate CITIC Group have agreed to invest $5bn each in projects in China and elsewhere in Asia as the fund seeks to diversify into Asia. Sovereign Wealth World’s top SWFs failing on transparency News Aggregation Team Tuesday, November 04, 2014 12:00 am http://www.apbankers.net/article/17236/worldamprsquos-top-swfs-failing-on-transparency The GeoEconomica report found eight SWFs to be fully-compliant with the Santiago guidelines. Sovereign Wealth Man Running World’s Biggest Wealth Fund Takes On Riddle of China News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17186/man-running-worldamprsquos-biggest-wealth-fund-takes-on-riddle-of-china Once a year, the man running the world’s biggest sovereign wealth fund travels around China for a week. Sovereign Wealth Malaysia sees strong growth ahead for Islamic finance News Aggregation Team Friday, December 19, 2014 12:00 am http://www.apbankers.net/article/18240/malaysia-sees-strong-growth-ahead-for-islamic-finance The development of the Islamic Capital Market has been strengthened in Malaysia in recent years, but the industry still faces challenges and needs to define its future strategy. Research NAB could lose talent amid reduced bonuses, rising accountability News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18217/nab-could-lose-talent-amid-reduced-bonuses-rising-accountability BONUSES one day; resignation the next. It’s a bankers’ twist on the old Queensland tourism motto of “beautiful one day, perfect the next” with particular reference to National Australia Bank, which will hold its annual meeting in B Research How to finance Asia's vast infrastructure needs? News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18218/how-to-finance-asiaamp039s-vast-infrastructure-needs If Asia's emerging markets are to avoid the middle-income trap, they need to create foundations for the next phase of growth: they need to invest in infrastructure. Research 'Security is the root for tech-centric banking' News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18224/amp039security-is-the-root-for-tech-centric-bankingamp039 There is a need to ensure a secured network for transmission of information, according to C Rangarajan, ex-Chairman, Economic Advisory Council to the Prime Minister. Research Research and Markets: Challenges and Opportunities for the Wealth Sector in Hong Kong 2014 News Aggregation Team Thursday, December 18, 2014 12:00 am http://www.apbankers.net/article/18238/research-and-markets-challenges-and-opportunities-for-the-wealth-sector-in-hong-kong-2014 Research and Markets has announced the addition of the "Challenges and Opportunities for the Wealth Sector in Hong Kong 2014" report to their offering. Research Japan Pension Fund Should Be Run By Board, Experts Say News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18208/japan-pension-fund-should-be-run-by-board-experts-say Japan’s $1.1 trillion Government Pension Investment Fund should be managed by a board of directors rather than a president, as is currently the case Research Frontier Markets Begin to Emerge News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18212/frontier-markets-begin-to-emerge But for investors, frontier-markets funds have short track records and carry unique risks. Research Grow your money with wealth managers News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18176/grow-your-money-with-wealth-managers From certified financial planners to advisors to wealth management services of banks, help is just at hand Research Grow your money with wealth managers News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18179/grow-your-money-with-wealth-managers From certified financial planners to advisors to wealth management services of banks, help is just at hand Research Outlook for 2015 better than last year, but emerging markets are a worry for Fitch News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18194/outlook-for-2015-better-than-last-year-but-emerging-markets-are-a-worry-for-fitch Do you want the good news or the bad news? Research Assets under Malaysia's PRS continue to rise News Aggregation Team Wednesday, December 17, 2014 12:00 am http://www.apbankers.net/article/18200/assets-under-malaysiaamp039s-prs-continue-to-rise Assets invested via Malaysia’s nascent Private Retirement Scheme have continued to rise, reaching 595 million ringgit as of the end of November. Company Results Cayman fund numbers slump in Hong Kong News Aggregation Team Tuesday, December 16, 2014 12:00 am http://www.apbankers.net/article/18180/cayman-fund-numbers-slump-in-hong-kong The number of Cayman Islands funds authorised in the city has fallen 30% this year against a rise in HK-domiciled funds. Company Results Bank of Singapore set to notch record growth in 2014 - Business Times News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18156/bank-of-singapore-set-to-notch-record-growth-in-2014-business-times Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corporation, is back on track to post double-digit growth for 2014, likely as much as 15 percent, said the Business Times, citing its outgoing chief executive. Company Results UOB to grow wholesale bank revenue by 15 per cent News Aggregation Team Monday, December 15, 2014 12:00 am http://www.apbankers.net/article/18167/uob-to-grow-wholesale-bank-revenue-by-15-per-cent United Overseas Bank Bhd, a subsidiary of Singapore-based UOB Group, aims to grow its wholesale bank business revenue by 15 per cent in the next two years. Company Results Nikko Asset Management Tops NZ$4bn in AUM News Team Tuesday, December 02, 2014 12:00 am http://www.apbankers.net/article/17864/nikko-asset-management-tops-nz4bn-in-aum Nikko Asset Management Tops NZ$4bn in AUM as Global Investors Eye New Zealand Company Results Maybank 9 Month Profit Up 1.7 Percent News Aggregation Team Monday, December 01, 2014 12:00 am http://www.apbankers.net/article/17882/maybank-9-month-profit-up-17-percent Net profit, meanwhile, was RM4.79 billion, marginally lower by 0.7 percent from the RM4.82 billion a year earlier, owing primarily to a higher tax charge. Company Results Maybank posts earnings of RM1.61b in Q3 (Update) News Aggregation Team Wednesday, November 26, 2014 12:00 am http://www.apbankers.net/article/17759/maybank-posts-earnings-of-rm161b-in-q3-update Maybank said its revenue was RM8.934bil compared with RM8.276bil a year ago. Earnings per share were 17.62 sen versus 20.05 sen. Company Results Affin Holdings Q3 earnings at nearly RM142m News Aggregation Team Tuesday, November 25, 2014 12:00 am http://www.apbankers.net/article/17701/affin-holdings-q3-earnings-at-nearly-rm142m The banking group announced on Monday its revenue increased by 22.6% to RM937.17mil from RM764.09mil. Earnings per share were 7.36 sen compared with 11.57 sen. It declared an interim dividend of 15 sen. Company Results NAB's US business lifts profit News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17624/nabamp039s-us-business-lifts-profit NATIONAL Australia Bank's US subsidiary Great Western Bancorp lifted its full year net profit nine per cent due to cost cutting and fewer bad debts. Company Results Natixis to Exceed Asia Growth Target in 2014, Mignon Says News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17637/natixis-to-exceed-asia-growth-target-in-2014-mignon-says Natixis, controlled by Groupe BPCE, France’s second-biggest lender by branches, expects revenue in the region to rise more than 20 percent this year, Company Results