The Asia Pacific Banking News Network http://www.apbankers.net/ Sat, 22 Nov 2014 14:01:53 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Alarm for Singapore bonds as private bank bid falters News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17635/alarm-for-singapore-bonds-as-private-bank-bid-falters Signs that wealthy private banking clients are reining in their appetite for Singapore dollar bonds could spell trouble for the small and medium-sized companies that are streaming to the city's capital markets. Wealth and Asset Management Foreign passports play role in slowing growth in the ranks of China's rich News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17587/foreign-passports-play-role-in-slowing-growth-in-the-ranks-of-chinaamp039s-rich Report says many Chinese move abroad and take up another nationality Wealth and Asset Management Private banks in Hong Kong are in an expansionist mood News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17601/private-banks-in-hong-kong-are-in-an-expansionist-mood Financial markets liberalisation in China and the growth of private wealth in the country are driving demand for private bankers in Hong Kong, a city where rich Chinese typically park a proportion of their assets. Wealth and Asset Management Why Hong Kong Is a Magnet for Ultra Rich Women News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17607/why-hong-kong-is-a-magnet-for-ultra-rich-women Asia's ultra-rich are getting even richer with their assets growing on average nearly six percent in 2014 across the region. Wealth and Asset Management Bucking a trend for private banks News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17550/bucking-a-trend-for-private-banks The Swiss private bank and ABN Amro subsidiary are both adding fund houses to their platforms, but following different approaches for doing so. Wealth and Asset Management The rise of the ultra-rich in Asia is sparking the emergence of bespoke wealth management services for affluent families News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17566/the-rise-of-the-ultra-rich-in-asia-is-sparking-the-emergence-of-bespoke-wealth-management-services-for-affluent-families According to industry observers at a conference on Tuesday, such services set themselves apart by tailoring their offerings to suit the specific needs of rich families. Wealth and Asset Management NAB executives are poorer by $44m News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17525/nab-executives-are-poorer-by-44m The only substantial winner this year was Mr Joiner’s successor Wealth and Asset Management Family wealth is big business News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17526/family-wealth-is-big-business One area they are focusing on is family offices, which are structures set up specifically to manage a family's wealth Wealth and Asset Management Beginning of the end for Genesys News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17535/beginning-of-the-end-for-genesys Steele said that for firms which opted to stay with AMP, the intention was to minimise disruption to their business, for the benefit of both advisers and their clients. Wealth and Asset Management The Rise of South East Asia’s Affluent News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17539/the-rise-of-south-east-asiaamprsquos-affluent Labuan International Business and Financial Centre (Labuan IBFC) and the Financial Times today hosted the ASEAN Wealth Management Summit 2014 at the InterContinental Hotel in Singapore. Wealth and Asset Management CUA names 30-year ANZ veteran as new CEO News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17625/cua-names-30-year-anz-veteran-as-new-ceo Credit Union Australia, the country's largest customer-owned financial institution, has announced that Rob Goudswaard, an experienced banker, will take over from Chris Whitehead as its chief executive officer from 2 February 2015. Executive Moves Allianz names new Asia insurance CIO News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17630/allianz-names-new-asia-insurance-cio Eugen Loeffler has moved from Allianz Global Investors in Korea to Singapore to oversee the German group’s Asia insurance assets. Executive Moves Swiss asset manager restructures sales team News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17599/swiss-asset-manager-restructures-sales-team Where the group used to have separate distribution teams in the region for its units GAM and Swiss & Global Asset Management, it is believed to have integrated them in recent months under Henry Choon, head of Asia ex-Japan at GAM Holding. Executive Moves Asian equity veteran steps down from UBS News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17602/asian-equity-veteran-steps-down-from-ubs Asian equity specialist Yit-Mee Cheah has retired after 25 years in the fund management industry Executive Moves Credit Suisse names new Asia hedge fund head News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17604/credit-suisse-names-new-asia-hedge-fund-head Credit Suisse said Thursday it has hired long-time Nomura Holdings Inc.8604.TO -1.24% hedge-fund executive Aditi Velakacharla to run a Hong Kong-based group at the bank that introduces its Asian hedge fund clients to potential investors. Executive Moves JPMorgan hires former Glencore crude trader in Singapore News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17605/jpmorgan-hires-former-glencore-crude-trader-in-singapore JPMorgan completed the sale of its multibillion-dollar physical commodities unit to Mercuria last year. Executive Moves Top China dealmaker set to leave Deutsche Bank News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17608/top-china-dealmaker-set-to-leave-deutsche-bank Before Deutsche he was a top China rainmaker at UBS Executive Moves Japan’s government plans to name a private-equity executive as the first chief investment officer of the nation’s $1.1 trillion public pension fund News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17558/japanamprsquos-government-plans-to-name-a-private-equity-executive-as-the-first-chief-investment-officer-of-the-nationamprsquos-11-trillion-public-pension-fund The appointment would put the 49-year-old from central Japan in control of the world’s biggest fund of its kind as the GPIF tries to increase its returns by investing more aggressively. Executive Moves Surprise departure at Japanese banking group News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17561/surprise-departure-at-japanese-banking-group Has resigned his position after just 18 months to concentrate instead on work in the charitable sector. Executive Moves Citi bolsters India with new ECM chief News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17527/citi-bolsters-india-with-new-ecm-chief Vashistha will report to Ravi Kapoor, head of corporate and investment banking at Citi India Executive Moves Hong Kong asks China for more RQFII quota News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17614/hong-kong-asks-china-for-more-rqfii-quota We hope to see a good figure Legal, Regulation & Compliance $121m sent offshore after Astarra custodians exit News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17618/121m-sent-offshore-after-astarra-custodians-exit ANZ removed itself as one of the gatekeepers of Trio Capital's fund in February 2009 and was replaced by National Australia Trustees Ltd Legal, Regulation & Compliance Westpac moves first on 'terrorist' accounts News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17593/westpac-moves-first-on-amp039terroristamp039-accounts Westpac is the last of the four major banks to withdraw from servicing remitters, as concern about reputational risk grows and pressure from big global banks that clear transfers steps up as conflict rages in the Middle East. Legal, Regulation & Compliance Australian regulator moves against failed fund house LM News Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17603/australian-regulator-moves-against-failed-fund-house-lm The fund was LM’s flagship product and was heavily marketed overseas as a low-risk, stable-return vehicle ideal for people planning a retirement. Legal, Regulation & Compliance New Zealand central bank to make cash more colorful News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17609/new-zealand-central-bank-to-make-cash-more-colorful - New Zealand's wallets and purses will be sporting a lot more color when the Reserve Bank of New Zealand begins releasing new banknotes designed to foil counterfeiters from next year. Legal, Regulation & Compliance Lodhiya appears before ED, denies black money charges News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17611/lodhiya-appears-before-ed-denies-black-money-charges The Ahmedabad zonal unit of ED had issued summons to Lodhiya in connection with his foreign transactions. Legal, Regulation & Compliance Offshore investment not illegal, says SSM News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17560/offshore-investment-not-illegal-says-ssm Offshore investment jurisdiction is not illegal and whether a company decides to invest offshore depends on its business strategy Legal, Regulation & Compliance Australia's ANZ bank suspends seven traders News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17563/australiaamp039s-anz-bank-suspends-seven-traders Since mid-2012, ASIC has inquired into possible manipulation of Australia’s benchmark, or BBSW, rates by 14 banks that contributed prices to the rate setting process. Legal, Regulation & Compliance Bank of Tokyo-Mitsubishi fined $315m for 'misleading regulators' News Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17567/bank-of-tokyo-mitsubishi-fined-315m-for-amp039misleading-regulatorsamp039 BTMU Pressured its Consultant, PwC, to Remove Key Warnings to Regulators on Bank’s Transactions with Sanctioned Countries, Including Iran, Sudan, Myanmar Legal, Regulation & Compliance Arbitration back in the spotlight News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17571/arbitration-back-in-the-spotlight It was a full house when global firm Baker & McKenzie hosted the relaunch of the Chartered Institute of Arbitrators (CIArb) Australia NSW Chapter with guest speaker the Hon Murray Gleeson AC Legal, Regulation & Compliance Australians targeted by Chinese ATM gang News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17615/australians-targeted-by-chinese-atm-gang Thai banks were still 'at least three years away' from applying the necessary technology, leaving them vulnerable to theft by ATM skimmer BankTech UOBBF deploys SunGard trading and clearing tech News Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17636/uobbf-deploys-sungard-trading-and-clearing-tech UOB Bullion and Futures (UOBBF), the brokerage arm of United Overseas Bank (UOB), has deployed SunGard's post-trade cross-asset processing solution and managed services to support its trading and clearing services on major global exchanges. BankTech ‘Maybank eyes Hitachi tech’ News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17588/amplsquomaybank-eyes-hitachi-techamprsquo This was revealed at the Hitachi Innovation Forum 2014, here, during a media briefing by the Japanese company on its financial solutions for banking institutions in the Asean region. BankTech UOBBF deploys SunGard trading and clearing tech News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17612/uobbf-deploys-sungard-trading-and-clearing-tech SunGard’s managed services solution can help financial institutions experience a lower total cost of ownership BankTech Banks boost for Capgemini News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17553/banks-boost-for-capgemini CAPGEMINI Australia’s financial services arm has experienced steady growth over the past 12 months with the unit now contributing almost 40 per cent to its overall business. BankTech Police across nation raid IT firms over hacking News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17581/police-across-nation-raid-it-firms-over-hacking The police authorities, including those of Hokkaido, Kyoto and Kagoshima prefectures, conducted the raids at the offices of proxy service providers in relation to suspected violations of legislation such as the Unauthorized Computer Access Law. BankTech DST inks deal with Ping An Insurance News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17543/dst-inks-deal-with-ping-an-insurance The new asset servicing system will facilitate the company’s transformation from an annuity services provider to a specialised fund management firm with broader offerings in wealth management. BankTech Danamon eyes more growth in e-banking transactions News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17545/danamon-eyes-more-growth-in-e-banking-transactions Bank Danamon consumer banking director Michellina Triwardhany said a Facebook friend who has had funds transferred from a Danamon customer through the application could withdraw the money from a nearby Danamon ATM. BankTech Gartner recognises Avaloq as a ‘Leader’ for second year running News Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17518/gartner-recognises-avaloq-as-a-amplsquoleaderamprsquo-for-second-year-running For the second year running the Avaloq group, a provider of integrated and comprehensive banking solutions, has been named by Gartner as an industry ‘Leader’ in the ‘Magic Quadrant for International Retail Core Banking report. BankTech Digital Bank Model Could Drive 5.6 Percent More Profitability for Banks News Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17446/digital-bank-model-could-drive-56-percent-more-profitability-for-banks Explosion in Customer Adoption of Technology Increasing Expectations of All Age Groups BankTech ANZ Investments named Fund Manager of the Year News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17622/anz-investments-named-fund-manager-of-the-year ANZ Investments also won the FundSource KiwiSaver Manager of the Year Award, as well as winning the sector award categories for Listed Property and International Equities. Alternative Investments Kotak Mahindra to buy ING Vysya Bank in $2.4B all-stock deal News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17623/kotak-mahindra-to-buy-ing-vysya-bank-in-24b-all-stock-deal It is the second-biggest M&A in Indian banking space ever. Alternative Investments HK seeks more RQFII quota News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17631/hk-seeks-more-rqfii-quota Hong Kong is seeking an additional quota to invest yuan in China’s onshore financial markets after all its initial allocation was taken up. Alternative Investments Blackstone to Buy General Electric’s Japan Property Portfolio News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17632/blackstone-to-buy-general-electricamprsquos-japan-property-portfolio U.S. Firm Agrees to Pay Around $1.6 Billion for 200 Residential Properties Alternative Investments Nasdaq seeks to deepen Asia exposure News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17585/nasdaq-seeks-to-deepen-asia-exposure Nasdaq has made headway in terms of client uptake in Asia since it teamed up with Guotai Asset Management to launch China’s first cross-border ETF, the Guotai Nasdaq-100 Exchange Traded Fund, in 2013. Alternative Investments Global X Funds Introduces China Onshore Bond ETF News Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17596/global-x-funds-introduces-china-onshore-bond-etf The fund focuses its exposure on the high end of China's credit quality spectrum Alternative Investments NAB hires Deloitte for sale of life insurance unit News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17600/nab-hires-deloitte-for-sale-of-life-insurance-unit NAB would sell NAB-branded insurance products run by other providers which would bear the capital and operational costs. Alternative Investments Billionaire Kotak Buys ING Vysya in Record Indian Deal News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17613/billionaire-kotak-buys-ing-vysya-in-record-indian-deal This is one of the first voluntary mergers by Indian banks in recent history Alternative Investments Singapore business trusts to merge as segment grows News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17621/singapore-business-trusts-to-merge-as-segment-grows There are currently 13 Business Trusts listed for trading on SGX with combined market capitalisation of SGD$15bn Alternative Investments Bank of China Said to Issue 32 Billion Yuan of Preferred Shares News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17555/bank-of-china-said-to-issue-32-billion-yuan-of-preferred-shares Bank of China Ltd., the nation’s fourth-biggest lender by market value, sold 32 billion yuan of preferred securities to yield 6 percent Alternative Investments Indonesia revises Islamic banking rules News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17617/indonesia-revises-islamic-banking-rules Indonesia has the world's biggest Muslim population but its Islamic finance market only holds a 4.5% of total banking assets in the country as of September, the latest central bank data showed. Islamic Finance CIMB Islamic, IDB Develop Reports To Promote Islamic Finance Industry Growth News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17633/cimb-islamic-idb-develop-reports-to-promote-islamic-finance-industry-growth IDB, via Islamic Research & Training Institute (IRTI), has signed a memorandum of understanding with CIMB Islamic to provide in-depth information on Islamic finance. Islamic Finance Regulators merging three Islamic investment firms News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17554/regulators-merging-three-islamic-investment-firms The equity-like nature of modarabas has left them vulnerable to market price swings, so the SECP issued rules in 2012 to allow smoothing of profits using a profit-equalisation reserve. Islamic Finance Malaysia's CIMB says merger deal structure to be set by early 2015 News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17559/malaysiaamp039s-cimb-says-merger-deal-structure-to-be-set-by-early-2015 CIMB says banks in merger proposal doing due diligence now Islamic Finance Pakistan regulators merging three Islamic investment firms News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17540/pakistan-regulators-merging-three-islamic-investment-firms Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strengthen financing by investment partnerships. Islamic Finance Planned Malaysia investment platform to expand role of Islamic banks News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17464/planned-malaysia-investment-platform-to-expand-role-of-islamic-banks The Malaysian government plans to roll out a new sharia-compliant investment platform next year, aiming to broaden the traditional role of Islamic banks from credit provider to investment intermediary. Islamic Finance Maybank AM enters into an agreement for cross border partnership on Islamic funds News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17418/maybank-am-enters-into-an-agreement-for-cross-border-partnership-on-islamic-funds This mutually beneficial partnership is to reinforce the advancement of the ASEAN-Greater China Strategic Partnership given the significance of the two-way trade between both regions where China continues to be ASEAN’s largest trading partner since Islamic Finance Exim Bank Plans Sukuk as Shariah Assets Expand News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17374/exim-bank-plans-sukuk-as-shariah-assets-expand The head of Malaysia’s state-owned trade financier said he plans to tap the global sukuk market for a second time, as Shariah-compliant assets look set to reach 40 percent of the bank’s total in 2015. Islamic Finance Planned Malaysia investment platform to expand role of Islamic banks News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17347/planned-malaysia-investment-platform-to-expand-role-of-islamic-banks The government is backing the Investment Account Platform (IAP) with an initial start-up fund of 150 million ringgit ($45 million), intending that the IAP will serve as a central marketplace to finance small and medium-sized businesses. Islamic Finance Mega bank merger likely to start 1H 2015 News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17354/mega-bank-merger-likely-to-start-1h-2015 The mega bank merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd (MBSB) will likely start in the first quarter of 2015, upon receiving the nod from Bursa Malaysia and shareholders. Islamic Finance BMO Capital Markets Adds Trade Finance Capability in Hong Kong News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17536/bmo-capital-markets-adds-trade-finance-capability-in-hong-kong BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group is adding trade finance booking capabilities in Hong Kong as it moves to serve more trade in Asia. Investment Banking China clears a $A9b way for Aust investors News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17516/china-clears-a-a9b-way-for-aust-investors China has cleared the way for Australian institutional investors to invest up to $A9.2 billion in China's capital markets under a quota program to foreign investors. Investment Banking China calls for swift movement on BRICS development bank News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17477/china-calls-for-swift-movement-on-brics-development-bank China on Saturday urged BRICS nations to speed up the creation of a development bank as an alternative to the Western-dominated global financial system. Investment Banking Sri Lanka to support bank for South Asian region News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17459/sri-lanka-to-support-bank-for-south-asian-region The SAARC Bank will be formed on the lines of the New Development Bank (NDB) announced in July by the BRICS grouping Investment Banking Indian-origin banker becomes youngest Partner at Goldman Sachs News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17439/indian-origin-banker-becomes-youngest-partner-at-goldman-sachs The 32-year-old is among the 78 individuals to be promoted to this position, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs in 2014 class of Partners. Investment Banking New bank can propel much-needed sustainable development in Asia News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17421/new-bank-can-propel-much-needed-sustainable-development-in-asia Some have rushed to interpret the aim of the China-proposed move as to challenge such Western-backed institutions as the World Bank and the Asian Development Bank (ADB) in channeling capital to poor Asian countries. Investment Banking Australia May Not Join New Asian Bank After All News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17404/australia-may-not-join-new-asian-bank-after-all Australia apparently will not join the new Asian Infrastructure Investment Bank, because of strategic conflicts. Investment Banking European banks returning to Asia with fresh capital News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17346/european-banks-returning-to-asia-with-fresh-capital Having fled from trade finance and syndicated loan deals three years ago, the lenders are back in the region amid problems in the EU Investment Banking HSBC Exec Lays Out the Bank's 83B Expansion Strategy News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17366/hsbc-exec-lays-out-the-bankamp039s-83b-expansion-strategy But in drilling into her five-year plan to grow HSBC 60 percent over the next five years, she flagged three specific priorities: People investment; product investment; and innovation. In a speech, she detailed where she wants to head with each. Investment Banking Barclays hiring in Asia despite cutting jobs elsewhere News Aggregation Team Sunday, November 09, 2014 12:00 am http://www.apbankers.net/article/17337/barclays-hiring-in-asia-despite-cutting-jobs-elsewhere When asked where the firm is hiring, he said Indonesia is a place of "particular focus". The London-based bank is also expanding in capital markets in China and continues to invest in India, he added. Investment Banking Life Agent’s Career Highlights Changes in Industry News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17583/life-agentamprsquos-career-highlights-changes-in-industry Joe Sun, 88, Joined Manulife in 1954; Backwater to Battleground InvestmentView Widodo's reforms spark investor optimism on Indonesia News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17584/widodoamp039s-reforms-spark-investor-optimism-on-indonesia This Man Builds Amazing Structures With The Help Of Gravity Alone! Truly Amazing! (Buzzwok) InvestmentView Is 1MDB a sovereign wealth fund or not? – Puthan Perumal News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17597/is-1mdb-a-sovereign-wealth-fund-or-not-ampndash-puthan-perumal Of course, the best place to start would be to enter the official website of 1MBD and get my answer there. InvestmentView Servant to the family News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17530/servant-to-the-family Businessman Clinton Ang's Chinese name means to pass on gold, which is handy as it alludes to his role as the managing director of the holding company which manages the family's investments. InvestmentView China to host G20 Summit in 2016 News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17478/china-to-host-g20-summit-in-2016 This will facilitate a “more active involvement of emerging markets” in the G20 agenda, says a Chinese government advisor. InvestmentView Japan shows determination to stay the course by Mikio Kumada, Global Strategist from LGT Capital Partners News Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17410/japan-shows-determination-to-stay-the-course-by-mikio-kumada-global-strategist-from-lgt-capital-partners Japan recently decided to further boost its already massive monetary base, and double the state’s biggest pension fund’s target allocation to equities. InvestmentView Speech by FS at Standard Chartered Wealth Management Centre opening ceremony News Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17417/speech-by-fs-at-standard-chartered-wealth-management-centre-opening-ceremony Following is the speech by the Financial Secretary, Mr John C Tsang, at the opening ceremony of the Standard Chartered Wealth Management Centre at Exchange Square in Central this afternoon InvestmentView New Zealand Banks told to watch out for small competitors News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17405/new-zealand-banks-told-to-watch-out-for-small-competitors A global banking expert says New Zealand's big banks risk being cannibalised by upstart technology companies. InvestmentView Southeast Asia should switch to greener growth model: OECD News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17387/southeast-asia-should-switch-to-greener-growth-model-oecd In several Southeast Asian countries, namely Brunei, Indonesia, Thailand and Vietnam, natural resources were being depleted at an increasing rate. InvestmentView Singapore to Benefit from AEC News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17392/singapore-to-benefit-from-aec Singapore’s financial sector is set to capitalize on integration with the ASEAN Economic Community, China and India where robust economic growth will support the demand for international banking services InvestmentView SCB to broaden overseas footprint through Mizuho partnership News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17589/scb-to-broaden-overseas-footprint-through-mizuho-partnership Thailand's third-largest bank by assets, Siam Commercial Bank, has formed a strategic partnership with Mizuho Bank, one of Japan's mega-banks, to strengthen SCB's overseas business. Retail Banking Bank of China unit becomes 25th lender registered in NZ News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17531/bank-of-china-unit-becomes-25th-lender-registered-in-nz BOC, a unit of state-owned Bank of China, has become the 25th lender to be granted a licence by the Reserve Bank of New Zealand. Retail Banking ANZ’s Customer Experience Strategy Reaps Lasting Rewards News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17542/anzamprsquos-customer-experience-strategy-reaps-lasting-rewards ANZ noticed a downturn in sales in the first quarter Retail Banking Citigroup reportedly favors Sumitomo Mitsui to buy Japan retail bank News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17510/citigroup-reportedly-favors-sumitomo-mitsui-to-buy-japan-retail-bank Citigroup Inc. plans to give Sumitomo Mitsui Financial Group Inc. the right of first refusal this month to buy its Japanese consumer-banking business Retail Banking HDFC Bank gets nod to increase foreign holding News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17483/hdfc-bank-gets-nod-to-increase-foreign-holding The decision to classify HDFC’s stake in HDFC Bank as FDI may have a bearing on the bank’s capital raising plans Retail Banking KBank opens in Vientiane News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17462/kbank-opens-in-vientiane Kasikornbank has spent 1.2 billion baht to open a full-service branch in Vientiane, its first in another Asean member, after receiving a licence from the Laotian central bank. Retail Banking Thailand's Kasikornbank to open bank in Laos this month News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17438/thailandamp039s-kasikornbank-to-open-bank-in-laos-this-month Kasikornbank PCL, Thailand's fourth-largest lender, said on Thursday it has established a bank in neighbouring Laos which it expects to open this month, as part of an expansion into Southeast Asia. Retail Banking Westpac's Gail Kelly pockets $12.8m, making her Australia's highest-paid retail banker News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17411/westpacamp039s-gail-kelly-pockets-128m-making-her-australiaamp039s-highest-paid-retail-banker Westpac chief executive Gail Kelly's pay jumped to $12.8 million last financial year, making her the highest-paid boss of a retail bank in Australia. Retail Banking Sumitomo Mitsui Banking leads hunt for Citigroup retail unit News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17367/sumitomo-mitsui-banking-leads-hunt-for-citigroup-retail-unit While Citi executives hope to sell the two units as a package, they might consider selling them separately Retail Banking Standard Chartered to cut bank branches News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17389/standard-chartered-to-cut-bank-branches It said productivity improvements from the branch closures, about 8 per cent of its outlets, will help it reach a previously announced $400 million cost-savings target next year. Retail Banking ‘M’sian firms can invest in offshore accounts’ News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17557/amplsquomamprsquosian-firms-can-invest-in-offshore-accountsamprsquo IT is not against Malaysian law for companies to keep funds in offshore accounts. Tax Macquarie Group hit by Tax Office 'U-turn' News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17524/macquarie-group-hit-by-tax-office-amp039u-turnamp039 It is unclear whether the amount the ATO tried to recoup from ­Macquarie was paid Tax Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17528/beijingamprsquos-interest-in-offshore-tax-evasion-limited-to-corrupt-officials The United States has good reasons to stay out. With the enactment of its 2010 Foreign Account Tax Compliance Act or FATCA, the United States has been pioneering the fight against tax evasion. Tax To bring all that black money back News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17544/to-bring-all-that-black-money-back India should review its double tax avoidance agreements to see if they really benefit the country Tax New Zealand To Get Tough With International Tax Evaders: To Work With OECD To Enforce Transparency And Compliance News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17511/new-zealand-to-get-tough-with-international-tax-evaders-to-work-with-oecd-to-enforce-transparency-and-compliance New Zealand is planning to crackdown on tax evaders and combat the menace of avoidance by international firms Tax Black money trail goes much beyond Swiss Alps to many island nations News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17487/black-money-trail-goes-much-beyond-swiss-alps-to-many-island-nations As India expands its probe into suspected black money stashed abroad, the trail appears to have gone much beyond the Alpine mountain ranges of Switzerland to various island nations and global financial centres like Dubai, Singapore, Luxembourg and Cyprus. Tax ITAT ruling gives a boost to black money fight News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17488/itat-ruling-gives-a-boost-to-black-money-fight In the first ever ruling relating to taxation of black money stashed in overseas tax havens, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has given the taxman a lot to cheer. Tax 2006 UK/Japan Double Taxation Convention: Entry into force of Protocol and Exchange of Notes News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17489/2006-ukjapan-double-taxation-convention-entry-into-force-of-protocol-and-exchange-of-notes The Protocol and Exchange of Notes between the UK and Japan which was signed in London on 17 December 2013 will enter into force on 12 December 2014. Tax ATO tightens the net on offshore tax evaders News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17466/ato-tightens-the-net-on-offshore-tax-evaders The Australian Tax Office will soon end an initiative, which temporarily softened penalties for those who haven't declared offshore income, as part of a global crackdown on international tax evasion. Tax China exempts profits on Shanghai-Hong Kong share link from tax News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17469/china-exempts-profits-on-shanghai-hong-kong-share-link-from-tax China will temporarily exempt taxes on profits made from a landmark scheme linking Shanghai and Hong Kong stock exchanges Tax 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 Sovereign wealth fund makes first foray into NZ with S$313m deal News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17215/sovereign-wealth-fund-makes-first-foray-into-nz-with-s313m-deal Among the key assets in the Viaduct Quarter are the Air New Zealand Building, the Viaduct Corporate Centre and the Fonterra Headquarters, the last of which is still under development. Sovereign Wealth Qatar Fund arrives with US$ 100 mn News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17074/qatar-fund-arrives-with-us-100-mn Al Suwaidi, is in Colombo with a three member investment team. Sovereign Wealth Myanmar likely to sell bonds News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17006/myanmar-likely-to-sell-bonds The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need that amount of funding to support annual expansion that it sees reaching 9.5% by 2030, said assistant chief economist Cyn-Young Park. Sovereign Wealth Korea Investment Corp. Learns Hard Lesson News Aggregation Team Thursday, October 23, 2014 12:00 am http://www.apbankers.net/article/16948/korea-investment-corp-learns-hard-lesson Disappointing Results From Sovereign-Wealth Fund’s ‘Direct Investing’ Sovereign Wealth Another banking scandal… but who’s counting? News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17616/another-banking-scandalamphellip-but-whoamprsquos-counting Australlian banks are in hot water again this year over conflicted fee structures to their financial advisers and the usual raft of breaches Research The Asian Investor News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17629/the-asian-investor Financial advisors often need to tailor their advice based on the investor’s age, gender, wealth level, and occupation and advisor dependency. Research David Murray sees growth of Asian centres for savings pools News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17548/david-murray-sees-growth-of-asian-centres-for-savings-pools This would mean investment by sovereign wealth funds and other institutional investors in Australian infrastructure would become more attractive Research Vietnam no longer least developed Southeast Asian country News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17551/vietnam-no-longer-least-developed-southeast-asian-country We’ve seen growth in foreign investment this year Research China GDP growth close to zero: Schroders News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17552/china-gdp-growth-close-to-zero-schroders Portfolio managers at the UK fund house flagged concerns about how Chinese economic growth is calculated and revealed mixed views on emerging markets generally. Research UHNW individuals make 19pc of all luxury purchases: report News Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17569/uhnw-individuals-make-19pc-of-all-luxury-purchases-report The Wealth-X and UBS World Ultra Wealth Report 2014, released today, shows that 12,040 new ultra high net worth (UHNW) individuals were minted this year, pushing the global UHNW population to a record 211,275, a 6% increase from 2013. Research The ultra wealthy get $2 trillion wealthier - Wealth-X and UBS World Ultra Wealth Report 2014 News Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17570/the-ultra-wealthy-get-2-trillion-wealthier-wealth-x-and-ubs-world-ultra-wealth-report-2014 The Wealth-X and UBS World Ultra Wealth Report 2014, released today Research 2014 Set To Be Peak Year For Offshore Dealmaking - Appleby News Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17572/2014-set-to-be-peak-year-for-offshore-dealmaking-appleby The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced during the third quarter of 2014. Research Westpac overtakes CBA on customer satisfaction News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17576/westpac-overtakes-cba-on-customer-satisfaction Westpac has overtaken the Commonwealth Bank as the major lender with the highest customer satisfaction rating after a year in which CBA's reputation has been tarnished by a financial planning scandal. Research Revealed: The world's most expensive shopping street News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17577/revealed-the-worldamp039s-most-expensive-shopping-street Bond Street, Causeway Bay, Champs Elysees and Fifth Avenue the leading contenders for title of world's most expensive and luxurious shopping destination Research 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 NAB profits dip on UK write down News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17509/nab-profits-dip-on-uk-write-down National Australia Bank has announced annual 2014 net profit of $5.3 billion, a 1.1% decrease from 2013. Company Results Sumitomo Mitsui Financial Group Profit Slips News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17456/sumitomo-mitsui-financial-group-profit-slips Net Profit Slips 5.2% From Year Ago During “Abenomics” Heyday Company Results HK and Singapore boost Asia sales at Aegon News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17463/hk-and-singapore-boost-asia-sales-at-aegon Aegon’s new life sales in Asia almost doubled to €27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions. Company Results Reliance Cap Q2 profit up 20% on MF, general insurance push News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17471/reliance-cap-q2-profit-up-20-on-mf-general-insurance-push Financial services major Reliance Capital today reported 20 per cent rise in its second quarter net profit to Rs 217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses. Company Results Vietnam bank BIDV says third quarter profit jumps 39.2 pct News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17472/vietnam-bank-bidv-says-third-quarter-profit-jumps-392-pct Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV Company Results Manulife Financial Corp profit rises to $1.1-billion as Asia unit sales gain News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17445/manulife-financial-corp-profit-rises-to-11-billion-as-asia-unit-sales-gain Our results were highlighted by very strong sales from Asia, partially offset by some weaker results in Canada and the U.S. Company Results First Metro Investment ends Q3 down 70% in net income terms News Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17414/first-metro-investment-ends-q3-down-70-in-net-income-terms A hefty drop in trading gains weighed by nearly three-fourths on third quarter consolidated net earnings of First Metro Investment Corp., Metrobank Group's investment-banking arm. Company Results Maybank Islamic generates RM1b deposit growth News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17402/maybank-islamic-generates-rm1b-deposit-growth Maybank Islamic Bhd has generated nearly RM1bil in deposit growth in six months for its Premier Mudharabah Account-i since the launch of the Save & Drive Deposit Campaign in April. Company Results