The Asia Pacific Banking News Network http://www.apbankers.net/ Fri, 06 May 2016 18:43:22 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Netwealth to grow IFA base, eyes app-savvy investors News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28471/netwealth-to-grow-ifa-base-eyes-app-savvy-investors This year, the group surpassed the $8 billion mark and aim to win more IFAs through its tech-focused business model. Wealth and Asset Management Budget 2016: Whole New Ballgame For Super Investors News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28444/budget-2016-whole-new-ballgame-for-super-investors As the smoke clears after the surprisingly severe cut in superannuation concessions, financial planners are racing to guide clients through the raft of changes to be navigated. Wealth and Asset Management Asian family office opens doors in Hong Kong and Singapore News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28426/asian-family-office-opens-doors-in-hong-kong-and-singapore Fusang is being billed as a “Asian family office "offering local, regional and global services, including the creation of single family Wealth and Asset Management Investec Wealth & Investment launches in Hong Kong News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28393/investec-wealth-ampamp-investment-launches-in-hong-kong UK private client firm Investec Wealth & Investment has launched its business in Hong Kong, as part of the Investec Group's plans to expand the division internationally. Wealth and Asset Management Bank Vontobel eyes Asia with offering of global access News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28345/bank-vontobel-eyes-asia-with-offering-of-global-access Being focused and targeted is a good thing in the Asian private banking industry today. Wealth and Asset Management South Australia joins growing Fitzpatricks Private Wealth national presence News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28360/south-australia-joins-growing-fitzpatricks-private-wealth-national-presence His arrival to the group signals the formation of Fitzpatricks Private Wealth South Australia, and bolsters recent high profile adviser arrivals from Tasmania, WA, the ACT, Queensland and NSW. Wealth and Asset Management Chinese Investors Left Reeling After Wealth Management Firm's Collapse News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28311/chinese-investors-left-reeling-after-wealth-management-firmamp039s-collapse Wealth management firms like Zhongjin emerged in China in the mid-2000s to provide more financing to private businesses and better returns for Chinese investors Wealth and Asset Management Multi­family offices facing cost challenges News Aggregation Team Wednesday, April 27, 2016 12:00 am http://www.apbankers.net/article/28276/multiampshyfamily-offices-facing-cost-challenges Growth in the number of new external asset managers and multi­family offices in Asia seems to be slowing due to the rising cost of compliance and talent, say private bankers. Wealth and Asset Management Deutsche Eyes Asia’s New Rich to Grow Private Bank News Aggregation Team Wednesday, April 27, 2016 12:00 am http://www.apbankers.net/article/28289/deutsche-eyes-asiaamprsquos-new-rich-to-grow-private-bank Private banks target the ultra-rich with higher minimum investments, but Deutsche’s Raju has a different plan. Wealth and Asset Management UBS launches new HNW offering in Taiwan News Aggregation Team Tuesday, April 26, 2016 12:00 am http://www.apbankers.net/article/28250/ubs-launches-new-hnw-offering-in-taiwan The service is available via a model which provides clients who subscribe with access to premium research insights and products previously available only to HNW clients. Wealth and Asset Management China's Huge Pension Fund Is Hiring in Sign of Risky Asset Push News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28465/chinaamp039s-huge-pension-fund-is-hiring-in-sign-of-risky-asset-push The fund, whose main purpose is to provide support for China’s elderly, is under pressure to generate higher returns as the country’s 1.4 billion people age and yields on government bonds hover near historic lows. Executive Moves Centuria appoints new CFO News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28447/centuria-appoints-new-cfo This announcement follows the news that Centuria toomk a $104 million stake in Sydney's Australian Technology Park. Executive Moves HKEX Announces New Head of Cash Trading News Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28455/hkex-announces-new-head-of-cash-trading HKEX's Cash Trading group is responsible for the business and operations of trading in Hong Kong's securities market. Executive Moves Goldman's Asia M&A Chairman Campbell-Breeden to Move to London News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28402/goldmanamp039s-asia-mampampa-chairman-campbell-breeden-to-move-to-london The banker, who has been with Goldman Sachs for more than 26 years, helped lead M&A in the region since 2008 and also held the title of vice chairman of investment banking. Executive Moves WFW announces eight new partner promotions for 2016 News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28406/wfw-announces-eight-new-partner-promotions-for-2016 The appointments will be effective from 1 May 2016 and involves lawyers in four of the firm’s 14 offices. Executive Moves Sidley adds project finance expert from W&C News Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28416/sidley-adds-project-finance-expert-from-wampampc He has also counseled clients on acquisitions, restructuring, and asset and trade financings. Executive Moves Senior Goldman Asia banker returns to London News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28423/senior-goldman-asia-banker-returns-to-london The bank has no plan to fill the vacated Asia roles. Executive Moves ICBC hires new head of sales News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28425/icbc-hires-new-head-of-sales He joins with more than 15 years’ experience in sales and structuring, most recently as head of European sales at Royal Bank of Scotland. Executive Moves Leonteq names new Singapore CEO News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28427/leonteq-names-new-singapore-ceo Schmid, Ng’s predecessor, has returned to Switzerland to take on the role of head of sales Executive Moves Cim Global Business announces the appointment of its Managing Director for Singapore as part of their Asian expansion News Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28428/cim-global-business-announces-the-appointment-of-its-managing-director-for-singapore-as-part-of-their-asian-expansion Before joining Standard Chartered, Udit held a variety of sales and operational roles including fund administration of Private Equity and Hedge Funds in multiple jurisdictions including Singapore, Canada, USA and India. Executive Moves S’pore slaps three more charges on ex-banker in 1MDB probe News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28463/samprsquopore-slaps-three-more-charges-on-ex-banker-in-1mdb-probe The law firm of his lawyer, Philip Fong, "likely constitute proceeds linked to criminal conduct". Legal, Regulation & Compliance China Regulator Tries Again To Rein In Banks’ Shadow Assets News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28473/china-regulator-tries-again-to-rein-in-banksamprsquo-shadow-assets The watchdog has tried cracking down on similar arrangements in the past. Legal, Regulation & Compliance China Warns Asset Managers About 'Ponzi Scheme' Risks News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28474/china-warns-asset-managers-about-amp039ponzi-schemeamp039-risks The risk from pooling money is that cash from new investors can be used to repay existing investors, as occurs in the scams named after Charles Ponzi. Legal, Regulation & Compliance Chinese asset management industry cleaning house News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28441/chinese-asset-management-industry-cleaning-house More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China. Legal, Regulation & Compliance S'pore may now focus on 1MDB's Cayman investments News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28445/samp039pore-may-now-focus-on-1mdbamp039s-cayman-investments The authorities are probing "complex and layered transactions" with "cross-border elements" involving many shell companies in their investigations into 1MDB, said Singapore's chief prosecutor Tan Ken Hwee. Legal, Regulation & Compliance MBSB continues to eye merger opportunities News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28453/mbsb-continues-to-eye-merger-opportunities Earlier at the EGM, MBSB shareholders approved the resolution for a rights issue to raise RM2 billion to beef up the group's capital position. Legal, Regulation & Compliance HSBC Private Bank appeals against record HK$605 million fine by SFC News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28451/hsbc-private-bank-appeals-against-record-hk605-million-fine-by-sfc Record-high penalty was for alleged misselling of Lehman Brothers products Legal, Regulation & Compliance Cayman Islands: Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28456/cayman-islands-maples-and-calder-recognised-for-seven-airfinance-deal-of-the-year-awards A leading financial resource on the aviation industry and market leader for aircraft finance news Legal, Regulation & Compliance RBI, UAE central bank sign MoU on currency swap cooperation News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28457/rbi-uae-central-bank-sign-mou-on-currency-swap-cooperation The MoU will further strengthen the close economic relationship and cooperation between India and the United Arab Emirates. Legal, Regulation & Compliance JPMorgan Securities on Hong Kong ‘name and shame’ list News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28460/jpmorgan-securities-on-hong-kong-amplsquoname-and-shameamprsquo-list The incident could hurt the bank’s IPO sponsorship business as it faces other reputational challenges in Asia, such as a US investigation into hiring practices in the region. Legal, Regulation & Compliance Singapore banks become a hotbed for ‘fintech’ News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28466/singapore-banks-become-a-hotbed-for-amplsquofintechamprsquo Government support and financial experience make city-state fertile ground BankTech Advisers concerned about the advice robos provide: CFA Institute News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28435/advisers-concerned-about-the-advice-robos-provide-cfa-institute Despite these concerns, respondents said they thought robos would have the greatest impact on the financial services industry over both a one-year and a five-year time horizon BankTech In China, Traditional Banks Fight Challenge From Internet Firms News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28436/in-china-traditional-banks-fight-challenge-from-internet-firms Internet companies lent more than $150 billion to customers in 2015, which is an extremely small amount compared to the much larger lending by commercial BankTech Banks should work with fintech firms News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28405/banks-should-work-with-fintech-firms He said some banks have worked with fintech companies to develop products and innovation. BankTech Citigroup to Bring Voice Recognition to Asia Amid Digital Push News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28415/citigroup-to-bring-voice-recognition-to-asia-amid-digital-push The growth of Internet and mobile banking means that about 95 percent of Citigroup’s retail banking transactions in the region take place outside the branch network, Selvakesari said. BankTech Bitcoin Trials: CSIRO To Investigate Technology’s Use In Aussie Banking, Business and Government News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28432/bitcoin-trials-csiro-to-investigate-technologyamprsquos-use-in-aussie-banking-business-and-government Bitcoin is the anonymous, intangible currency used by criminals and tech companies alike, but Australia’s leading research organisation will look at ways to use its technology in our banks, businesses, and government agencies BankTech Malaysia banks told to embrace challenges posed by fintech firms News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28395/malaysia-banks-told-to-embrace-challenges-posed-by-fintech-firms But instead of seeing fintech companies as competitors, we might as well see how we can work together and strengthen our proposition to customers. BankTech Tech giants in crosshairs as Aussie govt redoubles tax chase News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28397/tech-giants-in-crosshairs-as-aussie-govt-redoubles-tax-chase ATO powers beefed up. BankTech Dbs Bank launches mobile-only banking to get more customers in India News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28359/dbs-bank-launches-mobile-only-banking-to-get-more-customers-in-india Instead, customer authentication is done purely using the Aadhaar card. BankTech Japan Officially Recognizes Bitcoin and Digital Currencies as Money News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28374/japan-officially-recognizes-bitcoin-and-digital-currencies-as-money Interestingly, the cabinet also takes into stock the rising importance of virtual currencies and the new bills will recognize them as a means of making payments and having the potential to be digitally transferred. BankTech Schroders forms strategic MPF alliance with Sun Life News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28464/schroders-forms-strategic-mpf-alliance-with-sun-life Schroders said in a statement that the strategic relationship allows the company to focus on its core strength as an investment manager. Alternative Investments MUFG Investor Services snaps up Neuberger Berman’s PE administration business News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28476/mufg-investor-services-snaps-up-neuberger-bermanamprsquos-pe-administration-business The transaction is part of MUFG Investor Services’ bid to become a global industry-leading fund administrator and brings its PE and real estate assets under administration (AUA) to US$145 billion, and total AUA to $384 billion. Alternative Investments Reliance introduces new UCITS vehicle for UK Discretionary market News Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28440/reliance-introduces-new-ucits-vehicle-for-uk-discretionary-market The India Equities Portfolio Fund, which has been designed for the broader discretionary fund management community, has a minimum investment of USD 10,000 or the GBP equivalent, and has launched with assets of USD 50m. Alternative Investments Industry showcased as never before on Channel 9 News Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28442/industry-showcased-as-never-before-on-channel-9 The series will be screened Saturdays at midday on Nine, commencing May 7th, and will be supported by two additional weekly encore viewings on GEM on Sundays at midday and midnight. Alternative Investments Islamic Development Bank to return to ringgit sukuk market News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28450/islamic-development-bank-to-return-to-ringgit-sukuk-market The Islamic Development Bank plans to sell local currency Islamic bonds in the Malaysian market this year after a three-year hiatus, the head of the Jeddah-based multilateral lender. Alternative Investments China’s Legend to invest in UK pensions insurer News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28459/chinaamprsquos-legend-to-invest-in-uk-pensions-insurer The money will be used to fund expansion at PIC, which was founded by entrepreneur Edi Truell. Alternative Investments CVC Capital said to poach top HSBC Southeast Asia dealmaker News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28461/cvc-capital-said-to-poach-top-hsbc-southeast-asia-dealmaker He will focus on investments in Singapore and Malaysia, the people said, asking not to be identified because the information is not public yet. Alternative Investments Macquarie joins hunt for ANZ’s UDC Finance News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28407/macquarie-joins-hunt-for-anzamprsquos-udc-finance Macquarie’s interest in the operation comes after the bank last year purchased the bulk of auto finance business Esanda last year from ANZ Alternative Investments Why Australia's Gold Coast property is attracting investors worldwide News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28424/why-australiaamp039s-gold-coast-property-is-attracting-investors-worldwide A further attraction is the presence of some truly exceptional homes on the beachfront all along the Gold Coast. Alternative Investments HDFC's Prashant Jain Is India's Highest Paid Money Manager News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28421/hdfcamp039s-prashant-jain-is-indiaamp039s-highest-paid-money-manager The disclosures come after the Securities & Exchanges Board of India made it mandatory for money managers to publish compensation details of executives earning more than 6 million rupees annually. Alternative Investments Zurich acquires MAA Takaful in Malaysia News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28468/zurich-acquires-maa-takaful-in-malaysia Zurich has expanded its presence in Malaysia with the acquisition of takaful insurer MAA Takaful for MYR525m (£90m). Islamic Finance Are Islamic banks really interest­free? News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28438/are-islamic-banks-really-interestampshyfree Islamic banks are not so different from their conventional counterparts, and this needs to be addressed, finds research from The International Centre for Education in Islamic Finance. Islamic Finance Islamic finance’s entry into gold market could send price soaring News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28404/islamic-financeamprsquos-entry-into-gold-market-could-send-price-soaring A respective seminar was held last December in Kuala Lumpur, and a global industry roll-out of the standard is planned later this year with regulations that could also apply to silver and other precious metals. Islamic Finance Pakistan's Summit Bank eyes Burj Bank for Islamic banking entry News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28411/pakistanamp039s-summit-bank-eyes-burj-bank-for-islamic-banking-entry The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank Islamic Finance Malaysia takes lead in Islamic venture capital plan News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28417/malaysia-takes-lead-in-islamic-venture-capital-plan The fund would be utilised to finance start-up companies, not only in Malaysia, but also in the region and other Islamic countries. Islamic Finance Islamic Banking has to Increase Investment in Agri, SME News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28342/islamic-banking-has-to-increase-investment-in-agri-sme He stated that the share of Islamic Banks is 13pc growing at the rate of 28%, however, there are still regulatory and legal challenges which need to be addressed to make a real shift in lending profiles. Islamic Finance Governing Islamic Financial Institutions News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28373/governing-islamic-financial-institutions The financial services industry is a highly-regulated industry due to the mobilisation of investors, depositors and policyholders, that is, public funds Islamic Finance Australian Islamic Fund Manager Now in Singapore News Team Friday, April 29, 2016 12:00 am http://www.apbankers.net/article/28326/australian-islamic-fund-manager-now-in-singapore Australian Islamic fund manager has established a significant presence in Singapore and also registered its fund with the MAS Islamic Finance Zurich Insurance buys into Takaful in Malaysia News Team Friday, April 29, 2016 12:00 am http://www.apbankers.net/article/28338/zurich-insurance-buys-into-takaful-in-malaysia Solidarity received a separate letter of approval from BNM approving the proposed disposal of its equity interest in MAA Takaful to Zurich. Islamic Finance Pakistan steps up Islamic finance in infrastructure deals News Aggregation Team Wednesday, April 27, 2016 12:00 am http://www.apbankers.net/article/28292/pakistan-steps-up-islamic-finance-in-infrastructure-deals This month, however, Pakistani banks arranged 100 billion rupees ($955 million) worth of 10-year Islamic bonds for a hydropower plant, the largest infrastructure deal to use Islamic financing in the country. Islamic Finance Hong Kong Puts J.P. Morgan Chase on Its 'Name and Shame' IPO List News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28470/hong-kong-puts-jp-morgan-chase-on-its-amp039name-and-shameamp039-ipo-list First U.S. investment bank to run afoul of listing rules. Investment Banking HNA Group and China Construction Bank Strengthen Strategic Collaboration News Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28449/hna-group-and-china-construction-bank-strengthen-strategic-collaboration Through signing these agreements it hopes to open a new chapter for even closer partnership in the future". Investment Banking China weightage slashed in new JPMorgan Asia credit index News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28462/china-weightage-slashed-in-new-jpmorgan-asia-credit-index The issuance trends since 2012 has disproportionately increased the weight of China in the existing JACI index leading to large concentration risks in the benchmark," said a JPMorgan spokesman referring to the index which is tracked by managers contr Investment Banking Europe Will Be Our Guardian, Says AIIB Boss News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28401/europe-will-be-our-guardian-says-aiib-boss The president of the world’s newest development bank, the China-backed Asian Infrastructure Investment Bank, tells Handelsblatt that Europe will play a central role in safeguarding the institution’s future – and its credibility. Investment Banking Chinese investment banks dominate, but can’t afford bankers from Western firms News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28310/chinese-investment-banks-dominate-but-canamprsquot-afford-bankers-from-western-firms As their revenue holds up, Chinese investment banks are also growing their headcount in both the mainland and Hong Kong at a time when some Western firms are pulling back. Investment Banking Barclays and Nomura show inscrutable mystery of banks’ trading businesses News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28317/barclays-and-nomura-show-inscrutable-mystery-of-banksamprsquo-trading-businesses Overall fixed income trading revenues at Nomura fell by 76% year-on-year and by 66% quarter-on-quarter. Investment Banking A big investment bank just signed up to lend over £40 million on mortgage funding platform LendInvest News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28325/a-big-investment-bank-just-signed-up-to-lend-over-amppound40-million-on-mortgage-funding-platform-lendinvest Four other banks currently lend over the platform, although LendInvest would not say which ones. Investment Banking Standard Chartered’s stressed assets sale finds few takers News Aggregation Team Monday, April 25, 2016 12:00 am http://www.apbankers.net/article/28220/standard-charteredamprsquos-stressed-assets-sale-finds-few-takers SSG Capital only investor in talks to acquire $1 billion worth of loans from Standard Chartered’s offshore book, but at 30% discount Investment Banking Maybank may see reshuffle at the top News Aggregation Team Monday, April 25, 2016 12:00 am http://www.apbankers.net/article/28235/maybank-may-see-reshuffle-at-the-top It is understood that the rationale behind the change is to give the leaders at Maybank an opportunity to develop their skill set in different areas and portfolios.” Investment Banking Goldman makes a 1mdb fool of Investors & U.S controls: Ex-Asia Boss Leissner's Dubious Background raises questions News Aggregation Team Sunday, April 24, 2016 12:00 am http://www.apbankers.net/article/28195/goldman-makes-a-1mdb-fool-of-investors-ampamp-us-controls-ex-asia-boss-leissneramp039s-dubious-background-raises-questions Sarawak Report has already exposed Leissner for boasting a fake doctorate, something the egg-heads at Goldmans apparently missed… or worse, chose to ignore. Investment Banking Another financial crisis might come at anytime, NRB Guv News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28437/another-financial-crisis-might-come-at-anytime-nrb-guv Speaking at a program in capital on Wednesday, Nepal underlined the need for cooperation among all stakeholders to ward off the crisis. InvestmentView Strategically Speaking: Nikko Asset Management News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28439/strategically-speaking-nikko-asset-management Apart from a few niche investors there is relatively little interest from foreign investors in Japanese equities or fixed income. InvestmentView Why China Is Really Dictating the Oil Supply Glut by Rakesh Upadhyay for Oilprice.com News Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28420/why-china-is-really-dictating-the-oil-supply-glut-by-rakesh-upadhyay-for-oilpricecom While the world was speculating about oil prices plunging to $20 and $10 per barrel, China was busy stockpiling its reserves InvestmentView When the game changes by Tim Price Tim Price Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28398/when-the-game-changes-by-tim-price In their efforts to jam the square peg of financial theory into the round hole of human nature, economists have perpetrated some pretty stupid things. InvestmentView How China Can Be a More Attractive Listing Venue Than New York News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28348/how-china-can-be-a-more-attractive-listing-venue-than-new-york The downturn in the Shanghai and Shenzhen equity markets last summer sapped enthusiasm for many of the proposed buyouts last year of U.S.-listed companies from China, InvestmentView Chinese foreign minister's stern demands irk Japan News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28358/chinese-foreign-ministeramp039s-stern-demands-irk-japan With the independence-leaning Democratic Progressive Party taking power in Taiwan, China is apparently warning Prime Minister Shinzo Abe not to get too close to that government. InvestmentView How China Will Become The World's Banker News Aggregation Team Wednesday, April 20, 2016 12:00 am http://www.apbankers.net/article/28126/how-china-will-become-the-worldamp039s-banker AllianceBernstein's Hayden Briscoe explains how he sees China transforming global capital markets in the years ahead. InvestmentView Collaboration on Retirement solutions can benefit super funds and asset managers, says AB News Aggregation Team Wednesday, April 20, 2016 12:00 am http://www.apbankers.net/article/28118/collaboration-on-retirement-solutions-can-benefit-super-funds-and-asset-managers-says-ab We count ourselves particularly fortunate to have been able to work with Catholic Super in developing this Fund, as the process contributed to a stronger solution which not only meets Catholic Super’s needs but also has wider applicability. InvestmentView Despite headwinds, Japan remains on a reflationary path by Mikio Kumada, CIIA, Global Strategist LGT Capital Partners News Team Wednesday, April 20, 2016 12:00 am http://www.apbankers.net/article/28119/despite-headwinds-japan-remains-on-a-reflationary-path-by-mikio-kumada-ciia-global-strategist-lgt-capital-partners he enthusiasm for Abenomics - Prime Minister Shinzo Abe’s economic revival policy that began in 2013 - has long subsided. Foreign investors have been exiting Japanese equities over the past year, and international risk aversion has additionally st InvestmentView St. James’s Place – Japan fails to deliver growth and inflation despite the yen falling News Team Tuesday, April 19, 2016 12:00 am http://www.apbankers.net/article/28084/st-jamesamprsquos-place-ampndash-japan-fails-to-deliver-growth-and-inflation-despite-the-yen-falling Options running out for Tokyo InvestmentView MBSB aims for 8% gross loan growth in FY16 News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28469/mbsb-aims-for-8-gross-loan-growth-in-fy16 The non-bank lender’s total gross loans stood at RM34.11 billion as at FY15, up 4.38% from RM32.68 billion a year earlier. Retail Banking BPI to adopt financial technologies amid cyber threats News Aggregation Team Friday, May 06, 2016 12:00 am http://www.apbankers.net/article/28475/bpi-to-adopt-financial-technologies-amid-cyber-threats Fintech in the financial industry is about the concept that people need convenient banking services but they don’t necessarily need the banks. Retail Banking ANZ chief Shayne Elliott launches Asia review to dodge headwinds News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28400/anz-chief-shayne-elliott-launches-asia-review-to-dodge-headwinds The review in Asia also adds to long list of potential asset sales for ANZ, which Mr Elliott said the bank wasn’t relying on but could help the need to meet higher capital requirements and improve earnings. Retail Banking ANZ boss David Hisco's warning: 'I wouldn't speculate in this market' News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28409/anz-boss-david-hiscoamp039s-warning-amp039i-wouldnamp039t-speculate-in-this-marketamp039 Many of the new migrants arriving were well-placed to buy, with decent savings and good jobs. Retail Banking ABA Bank looks for new digital banking platform News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28418/aba-bank-looks-for-new-digital-banking-platform Cambodia-based ABA Bank is looking for a new omnichannel banking solution and has issued a request for proposal. Retail Banking S. Korea's Shinhan expands in Asian retail banking News Aggregation Team Friday, April 22, 2016 12:00 am http://www.apbankers.net/article/28177/s-koreaamp039s-shinhan-expands-in-asian-retail-banking This should make Shinhan the foreign financial institution with the most branches there. Retail Banking PAKISTAN: ‘Thriving banking sector must for growth’ News Aggregation Team Friday, April 22, 2016 12:00 am http://www.apbankers.net/article/28183/pakistan-amplsquothriving-banking-sector-must-for-growthamprsquo In the last five years, the SBP has championed targeted campaigns geared towards financial inclusion Retail Banking Al Baraka Bank begins due diligence of Burj Bank News Aggregation Team Wednesday, April 20, 2016 12:00 am http://www.apbankers.net/article/28108/al-baraka-bank-begins-due-diligence-of-burj-bank Al Baraka Bank nor Burj Bank is listed on the stock exchange. This means neither party is obligated to inform the public at large about the on-going due diligence exercise. Retail Banking L&T Finance Holdings eyes stake in IDBI Bank: Sources News Aggregation Team Monday, April 18, 2016 12:00 am http://www.apbankers.net/article/28040/lampampt-finance-holdings-eyes-stake-in-idbi-bank-sources L&T Finance Holdings is eyeing stake in state-run IDBI Bank, a deal which will give the finance company its long-desired foothold in the Indian banking space. Retail Banking Pakistan's largest bank granted Chinese licence News Aggregation Team Monday, April 18, 2016 12:00 am http://www.apbankers.net/article/28044/pakistanamp039s-largest-bank-granted-chinese-licence Up until April Pakistan's government held a 42.5 percent stake in Habib, the country's oldest bank. Retail Banking Australia sets diverted profits tax at 40% News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28452/australia-sets-diverted-profits-tax-at-40 Australia plans t to follow the UK with the introduction of a diverted profits tax the so-called Google tax - which will introduce a penalty rate of tax for multinational companies found to have moved profits offshore to improve corporate tax transparency Tax Australia to target multinational tax avoiders News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28403/australia-to-target-multinational-tax-avoiders Treasurer Scott Morrison, delivering his first federal budget in Canberra on Tuesday, said the government intended to raise almost $3 billion over the next four years by targeting companies that funnel profits to tax havens such as Singapore. Tax Bengaluru to Bhavnagar: Many moved offshore before RBI relaxed forex limits News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28408/bengaluru-to-bhavnagar-many-moved-offshore-before-rbi-relaxed-forex-limits Offshore account holders claimed NRI status, bought entities from Mossack Fonseca for a few dollars. Tax Hong Kong urges greater AML and KYC effort after Panama leak News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28343/hong-kong-urges-greater-aml-and-kyc-effort-after-panama-leak Banks and financial institutions in Hong Kong must "strictly comply" with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money. Tax Hong Kong should abolish tax breaks on MPF to fund universal pension scheme News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28354/hong-kong-should-abolish-tax-breaks-on-mpf-to-fund-universal-pension-scheme So cost, sustainability and equity seem not to be the real issues. Tax Income Tax officials zero in on rapidly growing defence dealer News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28355/income-tax-officials-zero-in-on-rapidly-growing-defence-dealer When the NDA government took over in May 2014, it sought a report from the Intelligence Bureau about Bhandari’s dealings. Tax Two more Hong Kong universities admit they also have offshore companies after Panama Papers exposed PolyU News Aggregation Team Friday, April 29, 2016 12:00 am http://www.apbankers.net/article/28337/two-more-hong-kong-universities-admit-they-also-have-offshore-companies-after-panama-papers-exposed-polyu Renewed calls for a review of transparency standards after fresh disclosures by the University of Hong Kong and Chinese University Tax Japan’s offshore investors on edge as Panama Papers revelations spark Hong Kong clampdown News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28313/japanamprsquos-offshore-investors-on-edge-as-panama-papers-revelations-spark-hong-kong-clampdown But earlier this month, major banks in the territory suddenly stopped accepting Sasago’s applications to open accounts. Tax Asia export boom hinges on tax hurdle News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28321/asia-export-boom-hinges-on-tax-hurdle As revealed by The Australian Financial Review on Wednesday, the government will support the new passport by promising two new collective investment vehicles in the budget. Tax Details of Thai-Indian DTA Unveiled News Aggregation Team Thursday, April 28, 2016 12:00 am http://www.apbankers.net/article/28323/details-of-thai-indian-dta-unveiled Thailand’s withholding tax rate on domestic interest is 15%, so this provision is particularly beneficial. Tax Malaysia's 1MDB defaults on US$1b loan, says Abu Dhabi fund News Aggregation Team Tuesday, April 19, 2016 12:00 am http://www.apbankers.net/article/28062/malaysiaamp039s-1mdb-defaults-on-us1b-loan-says-abu-dhabi-fund An Abu Dhabi sovereign-wealth entity said on Monday that the Malaysian state fund 1MDB had defaulted on US$1.1 billion it owed in a new blow to the scandal-tainted company. Sovereign Wealth Nauru sets up a new trust fund News Aggregation Team Wednesday, April 13, 2016 12:00 am http://www.apbankers.net/article/27921/nauru-sets-up-a-new-trust-fund The Intergenerational Trust Fund will be chaired by the finance minister, David Adeang. Sovereign Wealth Sovereign wealth fund deals down 17 pct in first quarter News Aggregation Team Thursday, April 07, 2016 12:00 am http://www.apbankers.net/article/27788/sovereign-wealth-fund-deals-down-17-pct-in-first-quarter Industry experts said this did not represent a meaningful drop off. Sovereign Wealth Norway's wealth fund axes 11 firms over deforestation News Aggregation Team Monday, March 28, 2016 12:00 am http://www.apbankers.net/article/27613/norwayamp039s-wealth-fund-axes-11-firms-over-deforestation The decision by Norway's US$830 billion (S$1.14 trillion) government pension fund underscores the growing clout the finance sector has in pushing companies to improve their environmental practices. Sovereign Wealth UOB-Temasek fund lends to Thai, Malaysian startups News Aggregation Team Thursday, March 24, 2016 12:00 am http://www.apbankers.net/article/27531/uob-temasek-fund-lends-to-thai-malaysian-startups InnoVen Capital signed venture debt financing deals totaling $5 million with Malaysia-based KFit Holdings, an e-commerce health and fitness company and Thailand-based Pomelo Fashion. Sovereign Wealth Temasek Named Most Active Sovereign Wealth Fund Again News Aggregation Team Monday, March 14, 2016 12:00 am http://www.apbankers.net/article/27274/temasek-named-most-active-sovereign-wealth-fund-again SWFs invested nearly $90 billion in 140 deals during 2014. Sovereign Wealth CIC, Mirvac said to consider Investa Office Fund tilt News Aggregation Team Wednesday, March 09, 2016 12:00 am http://www.apbankers.net/article/27205/cic-mirvac-said-to-consider-investa-office-fund-tilt It's understood the two parties were working on a potential deal over the weekend. Sovereign Wealth Singapore’s Sovereign Wealth Fund GIC Invests $100M In Two Africa-Focused PE Firms News Aggregation Team Monday, March 07, 2016 12:00 am http://www.apbankers.net/article/27141/singaporeamprsquos-sovereign-wealth-fund-gic-invests-100m-in-two-africa-focused-pe-firms The state-owned investment arm said it was investing in Actis Real Estate Fund III that seeks to raise $400 million and RMB Westport’s Real Estate Development Fund II that’s looking for up to $450 million. Sovereign Wealth Asia: Sovereign funds adapt to new environment News Aggregation Team Friday, March 04, 2016 12:00 am http://www.apbankers.net/article/27091/asia-sovereign-funds-adapt-to-new-environment Shift to defensive assets, oil economies give up hard-earned savings. Sovereign Wealth Malaysia's Khazanah issues US$750m sukuk to refinance maturing notes News Aggregation Team Thursday, February 25, 2016 12:00 am http://www.apbankers.net/article/26921/malaysiaamp039s-khazanah-issues-us750m-sukuk-to-refinance-maturing-notes The sukuk, or Islamic bond, attracted demand from financial institutions, asset management companies, statutory bodies and insurance companies, Malaysia's sovereign wealth fund added. Sovereign Wealth Jobs and Climate Asian Development Bank’s Top Priorities as it Turns 50 News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28434/jobs-and-climate-asian-development-bankamprsquos-top-priorities-as-it-turns-50 China is expected to grow 6.5% this year, down from 6.9% last year, reflecting its transformation to a new growth model. The region as a whole is projected to grow by a robust 5.7% in 2016, said Nakao. Research Seven Singapore finance jobs where banks still have to hire from overseas News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28443/seven-singapore-finance-jobs-where-banks-still-have-to-hire-from-overseas Global banks in Singapore continue to step up their hiring of local talent and last month the Singapore government made it tougher for foreign candidates to get employment passes. Research These Three Charts Show How Bad Things Are at Indian Banks News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28454/these-three-charts-show-how-bad-things-are-at-indian-banks IMF report shows India's bad debt problem Research Outbound realty investment doubles in 2015 News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28413/outbound-realty-investment-doubles-in-2015 This means ample opportunities for gateway markets and key regional hubs. Research Asian Banks' $60 Billion Hole News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28430/asian-banksamp039-60-billion-hole Ratchet that up to the 2008 rate of 2.14 percent, and they would require an extra $60 billion or so. Research Fintech is a disrupting force and a decentralising movement in the financial services sector News Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28394/fintech-is-a-disrupting-force-and-a-decentralising-movement-in-the-financial-services-sector Frost & Sullivan's study, Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020 defines and focuses on the growth and challenges of the Australian Fintech sectors' three market segments Research World's Biggest Investors Step Up Action to Protect Millions of Pensions from Climate Risk News Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28399/worldamp039s-biggest-investors-step-up-action-to-protect-millions-of-pensions-from-climate-risk Pension funds account for nearly two thirds of the index (322) and insurers nearly a quarter (118). Research Nomura Publishes NOMURA FIG Index News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28364/nomura-publishes-nomura-fig-index The trend of recapitalization using the capital securities is rapidly widespread starting from Europe. Research CFA Institute survey indicates substantial impact of robo-advisers on investment management News Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28366/cfa-institute-survey-indicates-substantial-impact-of-robo-advisers-on-investment-management Investment professionals concerned with flaws in automated advice, mis-selling of financial advice, and data protection Research Japanese money in offshore tax havens could solve a lot of problems at home News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28370/japanese-money-in-offshore-tax-havens-could-solve-a-lot-of-problems-at-home Japan’s political elite is so far untouched by the scandal. Research IndusInd Bank hopes to make more profit in rural India News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28433/indusind-bank-hopes-to-make-more-profit-in-rural-india The bank is well on its way to achieve its 1200 branch network by March 2017 as it has already got an active network of 1000 branches as of March 2016. But Sobti said despite digitisation, the bank will continue to add branches. Company Results NAB posts $1.7bn net loss from Clydesdale IPO News Aggregation Team Thursday, May 05, 2016 12:00 am http://www.apbankers.net/article/28446/nab-posts-17bn-net-loss-from-clydesdale-ipo NAB's Wealth division did particularly well in the half-year Company Results ARA Asset Management’s earnings jump 10% News Aggregation Team Wednesday, May 04, 2016 12:00 am http://www.apbankers.net/article/28419/ara-asset-managementamprsquos-earnings-jump-10 Real estate management fees grew 19% YoY to $5.8m in Q1, thanks mainly to higher property management fees received. Company Results UBS Profit Misses Estimates on Lower Wealth, Trading Income News Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28384/ubs-profit-misses-estimates-on-lower-wealth-trading-income Chief Executive Officer Sergio Ermotti, 55, who has shifted the bank’s focus away from investment banking in favor of wealth management, is struggling with market volatility that led to a slump in trading across the firm. Company Results HSBC underlying pre-tax profits fall 18% to £3.7 billion News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28385/hsbc-underlying-pre-tax-profits-fall-18-to-amppound37-billion HSBC has posted a sharp drop in profits for the first three months of the year after it was hit by "extreme levels of volatility" in financial markets in January and February. Company Results DBS WM revenues rise over 40% News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28388/dbs-wm-revenues-rise-over-40 DBS’ wealth management division has posted a substantial 47% quarter-on-quarter increase in net fees and commission income for the arst quarter of 2016 Company Results ANZ posts biggest earnings drop since 2008 News Aggregation Team Tuesday, May 03, 2016 12:00 am http://www.apbankers.net/article/28396/anz-posts-biggest-earnings-drop-since-2008 The big earnings drop at ANZ, the only major Australian bank with a large presence in Asia, also comes in an election year when banking sector misconduct is a hot issue following a series of scandals including insurance fraud and rate rigging. Company Results Ocbc's Profit Falls 14% on Insurance Income Drop, Provisions News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28340/ocbcamp039s-profit-falls-14-on-insurance-income-drop-provisions Central banks from Southeast Asia to China have delivered various fiscal and monetary measures to boost growth amid mounting troubled loans at lenders. Company Results China Merchants Bank profits grow 6.6 pct in Q1 News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28347/china-merchants-bank-profits-grow-66-pct-in-q1 The bank cited robust retail banking services and the expansion in wealth management and insurance businesses as factors underpinning the profit growth. Company Results ICICI's Profit Plunges The Most In 15 Years As Provisions Surge News Aggregation Team Monday, May 02, 2016 12:00 am http://www.apbankers.net/article/28353/iciciamp039s-profit-plunges-the-most-in-15-years-as-provisions-surge ICICI Bank, India’s second-largest lender by assets, reported the biggest drop in quarterly profit in at least 15 years after setting aside reserves on top of provisions to cushion future defaults. Company Results