The Asia Pacific Banking News Network http://www.apbankers.net/ Sun, 20 Apr 2014 15:51:42 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Credit Suisse reports Improved profitability in Private Banking & Wealth Management: News Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13106/credit-suisse-reports-improved-profitability-in-private-banking-ampamp-wealth-management Improved Wealth Management Clients net margin to 29 basis points from 23 basis points in 4Q13 Wealth and Asset Management Global players set to enter advice market News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13087/global-players-set-to-enter-advice-market With the wealth management market growing at a “lightning pace”, a number of global asset managers are looking to establish distribution arms in Australia, says Chase Corporate Advisory. Wealth and Asset Management Rich pickings for banks as Asian wealth expands News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13032/rich-pickings-for-banks-as-asian-wealth-expands UBS announces plans to grow in wealth management segment as competitors also vie for a piece of the pie Wealth and Asset Management Bloomberg takes over UBS commodities indices News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13035/bloomberg-takes-over-ubs-commodities-indices Since launching in 1998, the rebranded Bloomberg Commodity Indexes have emerged Wealth and Asset Management Edmond de Rothschild adds six private bankers News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13040/edmond-de-rothschild-adds-six-private-bankers Chan commented: “High net worth individuals in Asia often have complex personal, family and business needs. With the diverse capabilities of our private banking team in Asia we are able to provide our clients with bespoke solutions which leverage ou Wealth and Asset Management FPSA names financial advice award winners News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/12991/fpsa-names-financial-advice-award-winners The Professional Standards and Compliance Excellence award recognises adviser professionalism Wealth and Asset Management 200-year-old private banking group targets Asia growth News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13001/200-year-old-private-banking-group-targets-asia-growth In its push the bank has made six senior appointments in Asia, doubling its team of relationship managers to 12, with plans to employ three more people by the end of this year. Wealth and Asset Management UBS Wealth Management Is Expanding in Asia, Emerging Markets News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13004/ubs-wealth-management-is-expanding-in-asia-emerging-markets UBS, the largest Swiss bank, hired 88 advisers this year Wealth and Asset Management Equity Trustees to buy ANZ Trustees for $150m News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/12986/equity-trustees-to-buy-anz-trustees-for-150m Equity Trustees is Australia’s largest independent trustee services company and the ANZ said its trustee business is a natural fit for them in a consolidating sector. Wealth and Asset Management Private banks change tactics in talent war News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12963/private-banks-change-tactics-in-talent-war The Asian private banking industry is notorious for poaching but after a decade of waging a talent war, many institutions are changing tactics. Wealth and Asset Management UBL chief exec resigns News Aggregation Team Saturday, April 19, 2014 12:00 am http://www.apbankers.net/article/13138/ubl-chief-exec-resigns Bokhari will continue to serve as the CEO till May 31, 2014 Executive Moves ANZ appoints head of Global Banking, IIB News Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13130/anz-appoints-head-of-global-banking-iib His extensive experience will be an asset to our business as we work to build the most respected bank in the region. Executive Moves Deutsche Bank names Japan Investment Banking head News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13131/deutsche-bank-names-japan-investment-banking-head He was previously head of equity capital markets. Takayuki Inoue, a Tokyo-based spokesman, confirmed the contents of the March 12 document. Executive Moves Lombard Odier appoints Asia Pacific CIO News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13107/lombard-odier-appoints-asia-pacific-cio He reports to Vincent Duhamel, head of Lombard Odier for Asia Pacific. Executive Moves Deutsche Bank names chief country officer for Indonesia News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13109/deutsche-bank-names-chief-country-officer-for-indonesia Deutsche Bank has named Kunardy Lie as chief country officer, Deutsche Bank, Indonesia effective immediately. Executive Moves Leading international bank appoints CEO for Asean markets News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13113/leading-international-bank-appoints-ceo-for-asean-markets The bank has named the chief executive officer for its Asean markets. Executive Moves Citi Picks Dewilde to Lead Asia Markets and Investor Services Business News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13114/citi-picks-dewilde-to-lead-asia-markets-and-investor-services-business He was most recently working as head of Citi's local markets risk treasury and markets head for South East Africa, Turkey and Israel. Executive Moves BNY Mellon IM hires new investment strategist for APAC News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13115/bny-mellon-im-hires-new-investment-strategist-for-apac BNY Mellon Investment Management has appointed Simon Cox as a managing director and investment strategist for Asia-Pacific. Executive Moves Standard Chartered names new China unit CEO News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13116/standard-chartered-names-new-china-unit-ceo He joined the bank in 1994 and has held a number of senior management positions including deputy CEO of Standard Chartered China, CEO of North China, and general manager of Beijing Branch. Executive Moves UBS Wealth Management HK makes key management changes News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13117/ubs-wealth-management-hk-makes-key-management-changes A wealth management veteran with more than 25 years of experience in the sector Executive Moves The line in the sand has been drawn News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13125/the-line-in-the-sand-has-been-drawn The industry needs clarity to ensure we avoid salespeople pushing products to unwitting consumers that aren’t tailored to their needs or best interests. Legal, Regulation & Compliance Bird & Bird promotes 11 new partners News Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13067/bird-ampamp-bird-promotes-11-new-partners Bird & Bird is pleased to announce the appointment of 11 new partners from across our offices and from a variety of sector groups and practices. Legal, Regulation & Compliance Wealth Within speaks out over ad fines News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13074/wealth-within-speaks-out-over-ad-fines This was primarily because the service was not well understood by the financial services industry Legal, Regulation & Compliance Offshore law firm relocates partner to head HK office News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13015/offshore-law-firm-relocates-partner-to-head-hk-office The firm has strengthened its Asian offering with the relocation of Shaun Denton from London to head the firm’s Hong Kong office. Legal, Regulation & Compliance HFW boosts Asia practice News Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13043/hfw-boosts-asia-practice Following the firm's recent round of Partner promotions, Holman Fenwick Willan today confirmed several developments in its international practice to underpin its position as market leaders for international commerce. Legal, Regulation & Compliance CBA under fire at ASIC inquiry News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/12990/cba-under-fire-at-asic-inquiry But not the fraud and failure within the bank's wealth management division which culminated in clients losing millions of dollars in savings. Legal, Regulation & Compliance Veteran trader calls for more exchange regulation News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13009/veteran-trader-calls-for-more-exchange-regulation Philip York, CEO of trading firm Alt 224, points to a number of changes that need to happen in Hong Kong, for example, to help the buy-side. Legal, Regulation & Compliance K&L Gates hires top finance partner in Asia News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12914/kampampl-gates-hires-top-finance-partner-in-asia He has built a strong representative background handling matters worth billions of dollars for USD and HKD debt offering disputes Legal, Regulation & Compliance Jersey signs MoU with China Securities Regulatory Commission News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12972/jersey-signs-mou-with-china-securities-regulatory-commission Providing the basis for a framework of cooperation and exchange of information, significantly the MoU paves the way for allowing Jersey domiciled funds to participate in the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Inv Legal, Regulation & Compliance Japan's Olympus sued by six banks over accounting fraud News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12976/japanamp039s-olympus-sued-by-six-banks-over-accounting-fraud Japan's Olympus faces lawsuits from six banks seeking compensation over false financial statements from 2000 to 2011. Legal, Regulation & Compliance How mobile money is changing Asia News Aggregation Team Saturday, April 19, 2014 12:00 am http://www.apbankers.net/article/13137/how-mobile-money-is-changing-asia Asia has been a world leader in mobile usage for three straight years. The region was home to more than half of the world`s mobile phone subscriptions in 2013, data from the International Telecommunication Union shows. BankTech ANZ launches news and opinion Web site News Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13093/anz-launches-news-and-opinion-web-site ANZ today launched BlueNotes, the first corporate digital publication for news, opinion and insight of its type in the Asia Pacific region. BankTech China’s Baidu launches mobile payment and wealth management app News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13110/chinaamprsquos-baidu-launches-mobile-payment-and-wealth-management-app Baidu, China’s leading Internet search provider, has launched a mobile payment and wealth management platform after its main domestic rivals launched similar products. BankTech Trustees Executors licenses Bravura Solutions’ Sonata via a managed service arrangement News Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13111/trustees-executors-licenses-bravura-solutionsamprsquo-sonata-via-a-managed-service-arrangement With its growing business and customer demand for online capabilities, Trustees Executors Limited required an established technology partner that could deliver an enhanced registry proposition. BankTech Temenos appoints Martin Frick as Head of APAC News Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13112/temenos-appoints-martin-frick-as-head-of-apac New appointment will help strengthen management team to deliver regional growth potential BankTech Australia's first bitcoin ATM launched News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13075/australiaamp039s-first-bitcoin-atm-launched Australia's first bitcoin ATM has gone live in central Sydney BankTech Infosys Q4 net profit up 25 percent, beats forecasts News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13077/infosys-q4-net-profit-up-25-percent-beats-forecasts Infosys Ltd, India's second largest software services exporter, forecast an increase in IT spending by its U.S. and European clients to boost sales between 7 and 9 percent this fiscal year, in line with expectations. BankTech Read This If Your Phone Runs Android News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13081/read-this-if-your-phone-runs-android The Internet security world mobilized to tackle the Heartbleed software bug. BankTech Staff exodus to weigh on Infosys turnaround efforts News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13029/staff-exodus-to-weigh-on-infosys-turnaround-efforts All four of the company's CEOs are its original founders, a structure that investors have blamed for the loss of market share in recent years. BankTech AMP Capital launches new adviser research tool News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13046/amp-capital-launches-new-adviser-research-tool The content addresses a variety of investment concepts and themes from basic asset class education through to the merits of long-term investing, navigating volatility, risk and asset allocation. BankTech Challenger agrees $4bn infrastructure fund merger News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13120/challenger-agrees-4bn-infrastructure-fund-merger Challenger has agreed a deal with Access Capital Partners to merge their infrastructure investment operations and form a new boutique business called Whitehelm Capital, which will manage $4bn of assets. Alternative Investments Richard Li builds an Asian insurer News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13124/richard-li-builds-an-asian-insurer To create a pan-Asian player selling insurance to the region’s emerging affluent classes. Alternative Investments Gold retail investment up 31 per cent in 2013, jewellery up 18 per cent News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13129/gold-retail-investment-up-31-per-cent-in-2013-jewellery-up-18-per-cent Thomson Reuters has published its Gold Survey 2014 results. Alternative Investments UPDATE 1-Bain, Carlyle among bidders for StanChart's HK consumer finance unit-sources News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13135/update-1-bain-carlyle-among-bidders-for-stanchartamp039s-hk-consumer-finance-unit-sources The sale of PrimeCredit, which sources have said could fetch between $500 million and $700 million, is among a series of disposals planned by the Asia-focused lender. Alternative Investments Asia-Pacific economies take step forward on regional funds scheme News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13118/asia-pacific-economies-take-step-forward-on-regional-funds-scheme he passport scheme will allow fund managers operating in one of the member economies Alternative Investments BlackRock gets first RQFII license News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13072/blackrock-gets-first-rqfii-license BlackRock received its first QFII licence for its subsidiary BlackRock Institutional Trust Company in July 2011 Alternative Investments Mainland 'not ready for through train' stock trading between Hong Kong and Shanghai News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13078/mainland-amp039not-ready-for-through-trainamp039-stock-trading-between-hong-kong-and-shanghai Market watchers say the economy has yet to establish the preconditions needed to allow mutual stock trading between HK and Shanghai Alternative Investments Korean investors look to ETFs for international investment themes News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13079/korean-investors-look-to-etfs-for-international-investment-themes Looking ahead to the pipeline for new ETF issuances in Korea Alternative Investments Domestic fund managers start to bet on own economy: poll News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13080/domestic-fund-managers-start-to-bet-on-own-economy-poll India-based fund managers are growing more confident in the domestic economy and plan to raise allocations to auto makers and private sector lenders, betting that no change to interest rates will underpin an economic recovery, a Reuters poll showed. Alternative Investments Fund managers back HK’s “one share, one vote”, disagree with Alibaba News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13085/fund-managers-back-hkamprsquos-ampldquoone-share-one-voteamprdquo-disagree-with-alibaba Global fund managers of nearly US$14 trillion in assets support Hong Kong’s “one share, one vote” principle, and oppose changing listing rules to allow non-standard shareholding structures Alternative Investments RI eyes Europe for upcoming global sukuk News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13103/ri-eyes-europe-for-upcoming-global-sukuk The issuance of the sharia compliant bonds was more than three times oversubscribed last year Islamic Finance Professionalism in Islamic finance News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13036/professionalism-in-islamic-finance It is important that consideration is given to the development of professionalism in IBF Islamic Finance Malaysia's PNB forms Japan's first sharia-focused fund with local partner News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13055/malaysiaamp039s-pnb-forms-japanamp039s-first-sharia-focused-fund-with-local-partner Malaysia's largest asset manager Permodalan Nasional Bhd has partnered with Tokyo-based Inspire Corp to form Japan's first fund devoted to investing in Malaysian sharia-compliant firms. Islamic Finance Al Masah plans up to $250million IPO investment fund News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/12980/al-masah-plans-up-to-250million-ipo-investment-fund Al Masah Capital sees positive growth outlook for capital markets in the Middle East and North Africa and plans to set up a fund of up to $250 million to invest in increasing initial public offerings across the region and South East Asia, Islamic Finance Maybank Islamic's Sukuk upsized to RM1.5b on strong demand News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12955/maybank-islamicamp039s-sukuk-upsized-to-rm15b-on-strong-demand The tight pricing reflects investors' confidence in Maybank Islamic Finance Islamic banks to account for 25% of Malaysian banking sector by 2017, says RAM News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12962/islamic-banks-to-account-for-25-of-malaysian-banking-sector-by-2017-says-ram The risk-management frameworks of financial institutions in Malaysia have come a long way Islamic Finance Japan bank’s debut sustains ringgit sukuk push News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12915/japan-bankamprsquos-debut-sustains-ringgit-sukuk-push Hiroshi Watanabe, governor of the Japan Bank for International Cooperation, speaks during an interview in Tokyo. The Japanese government-owned lender is considering selling its first Islamic bonds this year to fund a project in the Southeast Asian nation. Islamic Finance RHB Asset Management Launches RHB-OSK Islamic Regional Balanced Fund News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12925/rhb-asset-management-launches-rhb-osk-islamic-regional-balanced-fund The fund is designed in response to the needs of Shariah-compliant investors Islamic Finance Sabah Credit launches RM1.5b Sukuk scheme News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12968/sabah-credit-launches-rm15b-sukuk-scheme The Sukuk Musharakah programme provides an Islamic financing platform for the corporation to opportunistically tap the robust liquidity available in the local capital markets. Islamic Finance Assessing Brunei’s potential as an Islamic Finance hub News Aggregation Team Monday, April 07, 2014 12:00 am http://www.apbankers.net/article/12886/assessing-bruneiamprsquos-potential-as-an-islamic-finance-hub There is always room for multiple financial hubs in a particular region and globally. And for Brunei to achieve that aspiration, Brunei simply needs to put in place all the necessary parameters for a successful financial hub. Islamic Finance ECM Libra to return its Labuan IB licence to the authorities News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13091/ecm-libra-to-return-its-labuan-ib-licence-to-the-authorities ECM Libra Financial Group Bhd’s wholly-owned subsidiary, ECM Libra Investment Bank Ltd, has planned to surrender its Labuan investment banking licence to the authorities. Investment Banking Nikko Asset Management Head Courts Global Institutions News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13104/nikko-asset-management-head-courts-global-institutions As president and CEO of Japan’s third-largest fund manager, Takumi Shibata aims to win international business with multiasset products. Investment Banking ANZ in deal with China Development Bank News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13065/anz-in-deal-with-china-development-bank ANZ Bank aims to provide Australian companies easier access to Chinese government-controlled capital, under a widened agreement with the powerful China Development Bank. Investment Banking M&A in Vietnam’s banking sector to catch fire this year News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13084/mampampa-in-vietnamamprsquos-banking-sector-to-catch-fire-this-year Vietnam's banking sector has seen a sharp uptick in mergers and acquisitions this year as at least three banks have announced plans to merge. Investment Banking BNP Paribas Investment Partners Manages IDR35.33 Trillion Fund News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13058/bnp-paribas-investment-partners-manages-idr3533-trillion-fund The company targets to launch one or two mutual funds products in Q3 or Q4 this year Investment Banking BoQ buys Investec’s Australian finance business News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13010/boq-buys-investecamprsquos-australian-finance-business Investec Bank (Australia) has agreed to sell its Professional Finance business to Bank of Queensland. Investment Banking BNP Paribas IP restructures emerging markets business model News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/12985/bnp-paribas-ip-restructures-emerging-markets-business-model The restructuring was the centre of discussion during a workshop of about 80 heads of emerging markets businesses for BNPP IP from all over the world held in Singapore this week. Investment Banking Tokyo-Mitsubishi IB at crossroads News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/13002/tokyo-mitsubishi-ib-at-crossroads Mullin asks what executive’s exit means for investment banking ambitions. Investment Banking Bank of America to Cut 3,000 Jobs in Philippines, Mexico and Costa Rica News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12954/bank-of-america-to-cut-3000-jobs-in-philippines-mexico-and-costa-rica The bank has shed about 46,000 jobs, or 16% of its workforce, since the end of 2010. Investment Banking Goldman, Warburg advance in China Huarong sale -sources News Aggregation Team Wednesday, April 09, 2014 12:00 am http://www.apbankers.net/article/12957/goldman-warburg-advance-in-china-huarong-sale-sources Huarong is planning to sell a stake of 15 to 20 percent to strategic investors ahead of an eventual initial public offering Investment Banking UBS: Property Sector Poses Biggest Risk To China's Economy News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13122/ubs-property-sector-poses-biggest-risk-to-chinaamp039s-economy Total social financing grew by almost 17% year-on-year in March InvestmentView China to Have 14 Million Middle-Class Citizens in 2014 News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13133/china-to-have-14-million-middle-class-citizens-in-2014 China's middle class citizens are expected to grow to 14 million by the end of this year, up by more than 2 million from the number of middle class registered last year. InvestmentView Sebi leans on companies for stock tweak via Mauritius News Aggregation Team Wednesday, April 16, 2014 12:00 am http://www.apbankers.net/article/13108/sebi-leans-on-companies-for-stock-tweak-via-mauritius The Securities and Exchange Board of India (Sebi) is collating data on these companies and the bank to zero in on the ones who could have used FII sub-accounts to channelize money into India through the Mauritius route to jack up their own stock prices InvestmentView AVCAL calls for SIV expansion News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13092/avcal-calls-for-siv-expansion The Significant Investor Visa program has proven itself to be an important part of Australia's strategy InvestmentView Firms are urged to set sights on Asian prospects News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13099/firms-are-urged-to-set-sights-on-asian-prospects Scottish business must wake up to the Asian century, one of the world's leading business consultants has said in Edinburgh. InvestmentView Beijing rejects IMF's hard-landing warning for China's economy News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13028/beijing-rejects-imfamp039s-hard-landing-warning-for-chinaamp039s-economy Chinese Vice Finance Minister Zhu Guangyao said China worked closely with IMF but did not agree with all of its analysis InvestmentView UBS boss makes the most of Gates way News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13030/ubs-boss-makes-the-most-of-gates-way ASK Alexander Friedman what was the most important thing he learnt from the richest man in the world, and his response is surprisingly succinct. InvestmentView Pictet Asset Management builds up positions in emerging market equity and local currency debt News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/12999/pictet-asset-management-builds-up-positions-in-emerging-market-equity-and-local-currency-debt A number of asset managers have signalled a more bullish stance on emerging market assets, suggesting a revaluing of the beaten-down asset class. InvestmentView Asia’s exclusive growth is leaving too many behind News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13011/asiaamprsquos-exclusive-growth-is-leaving-too-many-behind In two decades of spectacular economic growth and poverty reduction, Asia has nonetheless seen income inequality rising by more than 20 per cent - a growth pattern that cannot be considered inclusive. InvestmentView Jersey: Making An Impact In The Far East News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/12987/jersey-making-an-impact-in-the-far-east An increasing number of Channel Island financial services businesses are expanding into South East Asia, with many firms opening offices in Singapore, Hong Kong and China. InvestmentView Taiwanese Bank CTBC Moves Closer to Japan Deal News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13096/taiwanese-bank-ctbc-moves-closer-to-japan-deal The deal was previously on hold. In March, Taiwan's Financial Supervisory Commission levied NT$10 million fines on CTBC, after executives at its banking unit, CTBC Bank Co., were found to have hid control of a Shanghai-based company from board member Retail Banking Japan’s most acquisitive financial firm said to weigh bid for StanChart’s Hong Kong Credit Unit News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13049/japanamprsquos-most-acquisitive-financial-firm-said-to-weigh-bid-for-stanchartamprsquos-hong-kong-credit-unit Japan’s most acquisitive financial firm is considering bidding for Standard Chartered Plc’s consumer credit unit in Hong Kong Retail Banking Investec's Australian sale could boost UK business News Aggregation Team Friday, April 11, 2014 12:00 am http://www.apbankers.net/article/13027/investecamp039s-australian-sale-could-boost-uk-business Numis Securities says the sale is twice the book value of the Australian business Retail Banking Westpac to open branch in Shanghai News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12938/westpac-to-open-branch-in-shanghai Westpac has received approval to set-up a sub-branch in the Shanghai Free Trade Zone, becoming one of the first foreign banks to take advantage of the pilot program. Retail Banking Citibank Korea to cut branches by 30% News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12945/citibank-korea-to-cut-branches-by-30 Citibank Korea will cut the number of its branches by 30 percent this year as part of a restructuring plan. Retail Banking Federal Bank plans to open office in Dubai News Aggregation Team Sunday, April 06, 2014 12:00 am http://www.apbankers.net/article/12871/federal-bank-plans-to-open-office-in-dubai Private lender Federal Bank plans to open an office in Dubai as part of its strategy to expand its global footprint and cater to the Indian diaspora. Retail Banking National Australia’s New CEO Seeks to Cut U.K. Earnings Drag News Aggregation Team Friday, April 04, 2014 12:00 am http://www.apbankers.net/article/12853/national-australiaamprsquos-new-ceo-seeks-to-cut-uk-earnings-drag National Australia Bank Ltd.’s next chief executive officer Andrew Thorburn said he aims to cut the lender’s exposure to U.K. commercial property and focus on Australia and New Zealand when he takes the helm in August. Retail Banking Vietnam: Six to seven banks to be merged, says Central bank’s Governor News Aggregation Team Thursday, April 03, 2014 12:00 am http://www.apbankers.net/article/12844/vietnam-six-to-seven-banks-to-be-merged-says-central-bankamprsquos-governor This will bring the number of dissolved banks to seven to ten. Retail Banking Singapore's OCBC Reaches Deal for Hong Kong Bank News Aggregation Team Tuesday, April 01, 2014 12:00 am http://www.apbankers.net/article/12802/singaporeamp039s-ocbc-reaches-deal-for-hong-kong-bank It also comes at a time when investors have shown concerns over Hong Kong banks’ significant exposure to China. Retail Banking J&K Bank explores opportunities outside India News Team Wednesday, March 26, 2014 12:00 am http://www.apbankers.net/article/12697/jampampk-bank-explores-opportunities-outside-india J&K Bank's gross advances increased by 21% from a year earlier to Rs 44,282 crore at the end of December, 2013. Retail Banking Taiwan will lose big on FATCA if no consensus reached News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13026/taiwan-will-lose-big-on-fatca-if-no-consensus-reached Taiwan is the only country in the world which is not signing a pact Tax Tax regime stymies offshore funds News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12926/tax-regime-stymies-offshore-funds They will get it from London-based hedge fund manager Michael Hintze. Tax India takes decisive steps to tackle offshore tax evasions News Aggregation Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12932/india-takes-decisive-steps-to-tackle-offshore-tax-evasions As part of India’s approach to restrict offshore tax evasion and promote foreign investment, the Finance Ministry has recently opened seven new Income Tax Overseas Units in seven countries, including France, Germany, Japan, Netherlands, UAE, UK and Tax Japanese working women face tax blow News Aggregation Team Monday, April 07, 2014 12:00 am http://www.apbankers.net/article/12906/japanese-working-women-face-tax-blow The number of women employed in Japan grew by 470,000 last year to 27 million - the biggest increase since 1991 Tax Two high-profile executives arrested News Aggregation Team Sunday, April 06, 2014 12:00 am http://www.apbankers.net/article/12884/two-high-profile-executives-arrested The two arrested high-profile executives of an international IT giant would be spending the next 3 to 4 days in Central Adiala Jail Rawalpindi after they were given in judicial remand. Tax Australian Taxation Office cracking down on offshore cash News Aggregation Team Friday, April 04, 2014 12:00 am http://www.apbankers.net/article/12868/australian-taxation-office-cracking-down-on-offshore-cash WATCH out. The Australian Taxation Office is on an offshore treasure hunt, and it’s coming after you. That is, it’s coming after you if you happen to have earned some offshore income, or own foreign assets, which you have failed to report in p Tax Macquarie won concessions ahead of offshore banking tax crackdown News Aggregation Team Thursday, April 03, 2014 12:00 am http://www.apbankers.net/article/12833/macquarie-won-concessions-ahead-of-offshore-banking-tax-crackdown Moves by the previous government to crack down on the use of OBUs, which had already been delayed, were watered down the same day and further delayed in January. Tax Hong Kong, New Zealand investigate banks for alleged FX manipulation News Aggregation Team Thursday, April 03, 2014 12:00 am http://www.apbankers.net/article/12835/hong-kong-new-zealand-investigate-banks-for-alleged-fx-manipulation Market watchdogs around the world are looking closely at traders' behavior Tax US gives NZ banks chance to share info News Aggregation Team Thursday, April 03, 2014 12:00 am http://www.apbankers.net/article/12845/us-gives-nz-banks-chance-to-share-info Banks that don't comply face a punitive 30 per cent tax on their US investments when the rules take effect in July this year. Tax Japan puts out mixed bag of data ahead of tax hike News Aggregation Team Monday, March 31, 2014 12:00 am http://www.apbankers.net/article/12757/japan-puts-out-mixed-bag-of-data-ahead-of-tax-hike Japan on Friday released a mixed bag of economic data, which have been closely-watched ahead of the country's first sales tax hike in 17 years that goes into effect next week. Tax Singapore's sovereign wealth fund opens office in Brazil News Aggregation Team Wednesday, April 02, 2014 12:00 am http://www.apbankers.net/article/12816/singaporeamp039s-sovereign-wealth-fund-opens-office-in-brazil Singapore's sovereign wealth fund GIC Private Ltd said on Tuesday it has opened an office in Brazil as it looks to increase its investments in Latin America. Sovereign Wealth Sovereign wealth & pension funds top investors among global funds that bet on Indian equities News Aggregation Team Tuesday, April 01, 2014 12:00 am http://www.apbankers.net/article/12809/sovereign-wealth-ampamp-pension-funds-top-investors-among-global-funds-that-bet-on-indian-equities Sovereign wealth funds emerged as the top investors among global funds that bet on Indian equities last year Sovereign Wealth New Insider Service From Institutional Investor's Sovereign Wealth Center News Team Tuesday, March 25, 2014 12:00 am http://www.apbankers.net/article/12665/new-insider-service-from-institutional-investoramp039s-sovereign-wealth-center Institutional Investor's Sovereign Wealth Center is pleased to announce the launch of the Insider, a new forecasting service designed to give our clients a competitive advantage in working with sovereign wealth funds Sovereign Wealth Norwegian wealth fund may ditch Australian resource firms News Aggregation Team Tuesday, March 04, 2014 12:00 am http://www.apbankers.net/article/12179/norwegian-wealth-fund-may-ditch-australian-resource-firms Some of Australia's biggest resource companies could lose a major investor if Norway goes through with a plan to ban its famous sovereign wealth fund from investing in coal, oil and gas. Sovereign Wealth Sovereign Wealth Fund From Malaysia, Qatar Eyes Hospitality Asset In India News Aggregation Team Friday, February 14, 2014 12:00 am http://www.apbankers.net/article/11848/sovereign-wealth-fund-from-malaysia-qatar-eyes-hospitality-asset-in-india In one of the biggest deals in the Indian hospitality industry, sovereign wealth funds of Abu Dhabi, Qatar and Malaysia are vying with each other to acquire two of India's marquee properties for about US$322 million Sovereign Wealth Li Keping succeeds Gao at China wealth fund News Aggregation Team Friday, February 14, 2014 12:00 am http://www.apbankers.net/article/11849/li-keping-succeeds-gao-at-china-wealth-fund Sovereign wealth fund, China Investment Group, announced it had appointed chief investment officer Li Keping as vice chairman and president. Sovereign Wealth Taiwan: Set up sovereign wealth fund to stimulate economy News Aggregation Team Wednesday, February 05, 2014 12:00 am http://www.apbankers.net/article/11710/taiwan-set-up-sovereign-wealth-fund-to-stimulate-economy In its efforts to stimulate economic growth, the government would do well to set up a sovereign wealth fund with Taiwan's huge foreign reserves to pump into national development projects. Sovereign Wealth Building a Philippine sovereign wealth company by John Mangun News Team Friday, January 17, 2014 12:00 am http://www.apbankers.net/article/11371/building-a-philippine-sovereign-wealth-company-by-john-mangun Actually, the idea that Norwegians are now part of the world’s wealthier 1 percent is more media hype than reality. Norway’s debt is 25 percent of its gross domestic product, and the government can only spend about 4 percent of the fund’ Sovereign Wealth China’s Wealth Fund Says Developed Markets Drive Recovery News Aggregation Team Tuesday, January 14, 2014 12:00 am http://www.apbankers.net/article/11310/chinaamprsquos-wealth-fund-says-developed-markets-drive-recovery It is turning from negative to positive so there should be a lot of investment opportunities Sovereign Wealth Sri Lanka prints first Asian sovereign bond deal in 2014 News Aggregation Team Tuesday, January 07, 2014 12:00 am http://www.apbankers.net/article/11221/sri-lanka-prints-first-asian-sovereign-bond-deal-in-2014 The Democratic Socialist Republic of Sri Lanka is the first sovereign off the block in the Asian G3 bond market in 2014, pricing on January 6 a US$1 billion offering for five years. Sovereign Wealth CHINA: Private investment up by 13.3 pct in 2013 News Aggregation Team Thursday, April 17, 2014 12:00 am http://www.apbankers.net/article/13123/china-private-investment-up-by-133-pct-in-2013 The middle class's most popular investment products are banking products, real estate and stocks Research Ossiam, CSI partner on index construction News Aggregation Team Tuesday, April 15, 2014 12:00 am http://www.apbankers.net/article/13082/ossiam-csi-partner-on-index-construction CSI has selected Ossiam as the proven alternative-weighted index asset management expert Research TAIWAN: Financial firms start year strong News Aggregation Team Monday, April 14, 2014 12:00 am http://www.apbankers.net/article/13031/taiwan-financial-firms-start-year-strong The nation’s 15 publicly listed financial holding companies got off to a strong start this year with combined profit expanding by nearly 20 percent in the first quarter from a year ago, supported by stable income growth in banks and brokerages. Research Salary Divergence News Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/12981/salary-divergence Foreign asset managers in Japan spend significantly more on salaries and bonuses than local asset managers Research IMF latest to warn of Hong Kong banks' growing mainland exposure News Aggregation Team Thursday, April 10, 2014 12:00 am http://www.apbankers.net/article/13000/imf-latest-to-warn-of-hong-kong-banksamp039-growing-mainland-exposure The International Monetary Fund has warned of Hong Kong banks' rising exposure to mainland debt, saying loan growth to mainland entities has been "rapid" and now comprises 19 per cent of local institutions' total assets - excluding loa Research Opportunities And Challenges Abound For Yacht Industry In Southeast Asia News Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12933/opportunities-and-challenges-abound-for-yacht-industry-in-southeast-asia Southeast Asia is still a new and uncharted market for the yachting industry, presenting huge opportunities as well as complex challenges for companies seeking to grow their business Research Wealth Structuring 20:20 by Appleby Global News Team Tuesday, April 08, 2014 12:00 am http://www.apbankers.net/article/12944/wealth-structuring-2020-by-appleby-global A feature publication that aims to tap into the issues facing high net worth individuals and their advisers Research Vietnam’s number of ultra rich to grow 116% in 10 yrs: report News Aggregation Team Monday, April 07, 2014 12:00 am http://www.apbankers.net/article/12882/vietnamamprsquos-number-of-ultra-rich-to-grow-116-in-10-yrs-report Vietnam tops the list of fastest growing UHNWI, or ultra high net worth individuals, populations by country in the next ten years Research Asset managers across Asia look for new channels to boost mutual fund sales News Team Monday, April 07, 2014 12:00 am http://www.apbankers.net/article/12902/asset-managers-across-asia-look-for-new-channels-to-boost-mutual-fund-sales Channels Less Taken Research Wealth and asset management: 2014 key themes News Team Sunday, April 06, 2014 12:00 am http://www.apbankers.net/article/12870/wealth-and-asset-management-2014-key-themes Based on our analysis, these are some of the key themes we expect to emerge in 2014, organized by region: Research