The Asia Pacific Banking News Network http://www.apbankers.net/ Tue, 28 Jul 2015 05:45:27 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 posts record year of growth & launches first private label managed account News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23192/netwealth-posts-record-year-of-growth-ampamp-launches-first-private-label-managed-account Australia’s largest non-institutional platform, netwealth, has reported their largest year of growth on record increasing Funds Under Management (FUM) by $1.96b for the last Financial year, with current FUM at $7.6b, at the same time as announcing Wealth and Asset Management BHF Kleinwort Benson says not contacted by bidder Fosun News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23194/bhf-kleinwort-benson-says-not-contacted-by-bidder-fosun Wealth management group BHF Kleinwort Benson said on Monday that it had not been contacted by its largest shareholder, Chinese investment group Fosun, which has put in an offer to rest of the Belgium-listed company. Wealth and Asset Management 3 top executives to buy out RBS' wealth management unit News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23197/3-top-executives-to-buy-out-rbsamp039-wealth-management-unit Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India Wealth and Asset Management Wealth of Singapore’s richest drops amid economic slowdown News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23148/wealth-of-singaporeamprsquos-richest-drops-amid-economic-slowdown One of the few gainers was Goh Cheng Liang, who moved up to rank 3 from 7 Wealth and Asset Management Credit Suisse sees small cuts for investment arm in Asia News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23152/credit-suisse-sees-small-cuts-for-investment-arm-in-asia Asia-Pacific chief Helman Sitohang says that above-average returns justify retaining a strong investment bank presence in the region Wealth and Asset Management Aberdeen Asset Management investment group reiterates focus on Asia and emerging markets News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23126/aberdeen-asset-management-investment-group-reiterates-focus-on-asia-and-emerging-markets Aberdeen’s purchase last year of Scottish Widows Investment Partnership from Lloyds for about £660 million has cut some of its reliance on emerging markets, he continued. Wealth and Asset Management How promoters are taking charge of managing their personal wealth News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23127/how-promoters-are-taking-charge-of-managing-their-personal-wealth Indian business families are now taking direct charge of investing and multiplying their wealth through their family offices in what is seen as a quiet revolution in family owned businesses in recent years. Wealth and Asset Management Australia's NAB to refund 62,000 wealth management clients News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23130/australiaamp039s-nab-to-refund-62000-wealth-management-clients The NAB compensation follows an independent review by PricewaterhouseCoopers at the request of the Australian Securities & Investments Commission. Wealth and Asset Management The restless rich and what to do about them News Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23134/the-restless-rich-and-what-to-do-about-them The report categorizes the rich on the mainland as anyone with net assets of $1 million, not counting their primary residence, and says most of the mainland's rich are heading to the United States, Hong Kong, Singapore or the United Kingdom. Wealth and Asset Management Chinese investment group bids to buy rest of BHF Kleinwort Benson News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23143/chinese-investment-group-bids-to-buy-rest-of-bhf-kleinwort-benson It agreed to buy German bank Hauck & Aufhaeuser Privatbankiers earlier in July. It also owns French-based holiday company Club Mediterranee and has a stake in Britain's Thomas Cook. Wealth and Asset Management Janus Capital boosts Board News Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23186/janus-capital-boosts-board He is assuming additional responsibilities at Dai-ichi Life; therefore he and Dai-ichi Life determined that now is an appropriate time for him to transition off the Board. Executive Moves Four more leave Jefferies in Hong Kong News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23149/four-more-leave-jefferies-in-hong-kong Sun and Na joined within the last year. Executive Moves ABN AMRO Appoints Oliver Kuan As CFO For Greater China And Wholesale Banking Asia News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23109/abn-amro-appoints-oliver-kuan-as-cfo-for-greater-china-and-wholesale-banking-asia Kuan will be based in Hong Kong and will report to Maureen DeRooij, Country Executive Greater China and CEO Wholesale Banking Asia. Executive Moves Alan Roch joins ANZ debt syndicate News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23115/alan-roch-joins-anz-debt-syndicate Roch's move to ANZ comes after Holian recently left the role of head of Asian debt syndicate at the Australian bank. Executive Moves Perpetual appoints Head of Strategic Advice News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23058/perpetual-appoints-head-of-strategic-advice The announcement said Lewis had a strong track record of delivering and implementing strategies for high net worth investors Executive Moves Barclays names Harrison to head Asia corporate banking News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23074/barclays-names-harrison-to-head-asia-corporate-banking The bank is looking to expand its corporate banking team and said in a release that it is hiring corporate bankers in Asia. Executive Moves BofA Merrill loses co-head of Asia Pacific GCM News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23075/bofa-merrill-loses-co-head-of-asia-pacific-gcm Cox is currently on gardening leave and will be staying in the industry. Executive Moves J.P. Morgan Expands Global Real Assets Team as Investors Seek to Globally Diversify Real Estate Allocations, Adam Pillay Named Asia Pacific Real Estate Platform Specialist News Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23080/jp-morgan-expands-global-real-assets-team-as-investors-seek-to-globally-diversify-real-estate-allocations-adam-pillay-named-asia-pacific-real-estate-platform-specialist The platform covers 90% of the investable real estate market in Asia Pacific. Executive Moves IIFL names former 3i Asia head Anil Ahuja CIO of offshore fund management unit News Aggregation Team Tuesday, July 21, 2015 12:00 am http://www.apbankers.net/article/23065/iifl-names-former-3i-asia-head-anil-ahuja-cio-of-offshore-fund-management-unit He quit 3i over two years ago as it decided to stop fresh investments in India. Executive Moves Northern Trust beefs up Apac News Team Tuesday, July 21, 2015 12:00 am http://www.apbankers.net/article/23014/northern-trust-beefs-up-apac Prior to this he was head of asset servicing sales for Asia-Pacific based in Singapore. Executive Moves Industry super funds campaign against governance changes News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23164/industry-super-funds-campaign-against-governance-changes The Federal Government wants to shake up the governance of super boards and legislate that a third of trustees are independent directors. Legal, Regulation & Compliance Dearth of compliance expertise complicates Singapore's fight against unlawful money News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23169/dearth-of-compliance-expertise-complicates-singaporeamp039s-fight-against-unlawful-money Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean. Legal, Regulation & Compliance Nippon Wealth Limited Opts for Wolters Kluwer Financial Services as It Establishes Operations in Hong Kong News Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23187/nippon-wealth-limited-opts-for-wolters-kluwer-financial-services-as-it-establishes-operations-in-hong-kong Hong Kong-based Wealth Management Firm Signs Up to use OneSumX for Anti-Money Laundering and Regulatory Reporting Legal, Regulation & Compliance IDFC gets banking licence, plans to begin operations from October News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23145/idfc-gets-banking-licence-plans-to-begin-operations-from-october Bandhan Financial Services Private Ltd, the other entity, was granted a banking licence last month. Bandhan Bank is set to commence operations from August 23. Legal, Regulation & Compliance Dearth of compliance expertise complicates Singapore's fight against unlawful money News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23166/dearth-of-compliance-expertise-complicates-singaporeamp039s-fight-against-unlawful-money Singapore's fight to stem illicit fund inflows has shoved private bankers into a new quandary - finding enough qualified compliance specialists to ensure the money passing through their accounts is clean. Legal, Regulation & Compliance NAB flags $25m refund to 62,000 customers over Navigator error News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23123/nab-flags-25m-refund-to-62000-customers-over-navigator-error National Australia Bank is repaying 62,000 wealth customers a total of $25 million after internal errors meant clients were not paid all the money they were owed. Legal, Regulation & Compliance ANZ ups investor rates in response to APRA guidelines News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23124/anz-ups-investor-rates-in-response-to-apra-guidelines ANZ has become the first bank to revise home lending rates independently of the Reserve Bank in more than three years, as new limits to cool the investment property lending boom take hold. Legal, Regulation & Compliance Appleby Acts as Cayman Counsel on Four More HKEx Listings News Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23132/appleby-acts-as-cayman-counsel-on-four-more-hkex-listings Leading offshore law firm Appleby continues to demonstrate its strength in the capital markets practice, advising on four further listings on the Hong Kong Stock Exchange. Legal, Regulation & Compliance Westpac seen expanding capital buffer with A$750 mln hybrid News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23135/westpac-seen-expanding-capital-buffer-with-a750-mln-hybrid Regulators have given Australian banks have one year to raise around US$7 billion under new guidelines requiring banks to hold bigger cash buffers. Legal, Regulation & Compliance Singapore vows tough action on banks in 1MDB scandal News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23136/singapore-vows-tough-action-on-banks-in-1mdb-scandal Also pledges full assistance and sharing of information with Malaysian authorities. Legal, Regulation & Compliance MVP pushes digital payments to fast-track financial inclusion in Philippines News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23172/mvp-pushes-digital-payments-to-fast-track-financial-inclusion-in-philippines Pangilinan reaffirmed the group’s commitment to help push for digital financial inclusion through collaboration and use of innovative technology. BankTech Charles River Expands Asia-Pacific Operations with New Tokyo Office News Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23163/charles-river-expands-asia-pacific-operations-with-new-tokyo-office Charles River serves 138 client sites in Asia-Pacific across 14 countries. BankTech Matthews Asia: Online To Offline – China’s Great Technology Migration News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23176/matthews-asia-online-to-offline-ampndash-chinaamprsquos-great-technology-migration Key to this has been the Asia’s ability to leapfrog certain technological developments, making much quicker transitions to new technologies than Western countries. BankTech Buy online without bank details soon News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23122/buy-online-without-bank-details-soon NPCI plans Aadhaar-based payment option BankTech Singapore FinTech Company ApexPeak Makes Its Second International Acquisition News Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23064/singapore-fintech-company-apexpeak-makes-its-second-international-acquisition ApexPeak moves one step closer to solving the procure-to-pay finance puzzle BankTech CIMB Bank and Planet Payment Launch Pay in Your Currency in Malaysia News Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23087/cimb-bank-and-planet-payment-launch-pay-in-your-currency-in-malaysia This agreement creates additional opportunity for merchants in the dynamic Malaysian market to enjoy the benefits that flow from Pay in Your Currency. BankTech Singapore startup looks to help banks catch up to mobile News Aggregation Team Tuesday, July 21, 2015 12:00 am http://www.apbankers.net/article/23021/singapore-startup-looks-to-help-banks-catch-up-to-mobile Get.com launches a mobile app that lets users compare and access credit card deals, adding that banks in the country still lack mobile-friendly processes. BankTech Chinese Internet finance players to experience growing pains under new rules News Aggregation Team Tuesday, July 21, 2015 12:00 am http://www.apbankers.net/article/23039/chinese-internet-finance-players-to-experience-growing-pains-under-new-rules Internet finance refers to loans, investments and other financial services provided through online channels BankTech Bravura bolsters front-end portal proposition for fund managers News Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/23002/bravura-bolsters-front-end-portal-proposition-for-fund-managers Bravura Solutions Pty Limited Bravura, a trusted supplier of wealth management, life insurance and transfer agency software applications today announced the general launch of its taWeb front-end solution. BankTech Uber for banking? Coins.ph turns people into ATMs News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/23038/uber-for-banking-coinsph-turns-people-into-atms Philippine Bitcoin startup Coins.ph has come up with a way for you to move money without having to deal with a bank. BankTech PE Panorama: Blackstone Group acquires First Eagle Investment Management in $4 billion deal News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23157/pe-panorama-blackstone-group-acquires-first-eagle-investment-management-in-4-billion-deal The family of John Arnhold, First Eagle's chairman and chief investment officer, will remain shareholders of the firm. Alternative Investments Macquarie loosens purse strings for Indian infrastructure assets News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23158/macquarie-loosens-purse-strings-for-indian-infrastructure-assets The firm is investing Rs750-780 crore in a subsidiary of Ind-Barath Power, its second transaction in India this year Alternative Investments The Link REIT bumps up Mainland portfolio News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23160/the-link-reit-bumps-up-mainland-portfolio The seller is Hong Kong-listed Shui On Land, the Mainland property development arm of Shui On Group backed by Hong Kong property tycoon Vincent Lo. Alternative Investments Hang Seng to launch China funds JV with majority stake News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23162/hang-seng-to-launch-china-funds-jv-with-majority-stake The Hong Kong bank plans to set up a joint venture funds company with majority control in Shenzhen’s Qianhai zone. It would be the first such mainland JV and a significant milestone in China’s funds liberalisation. Alternative Investments David Cameron hails £750m business deals in Asia tour News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23168/david-cameron-hails-amppound750m-business-deals-in-asia-tour Business deals worth more than £750 million will be sealed during David Cameron's four-day tour of south-east Asia which begins in Indonesia today. Alternative Investments IFR Asia Green Bonds Roundtable 2015: Sowing the seeds for Asia’s future News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23181/ifr-asia-green-bonds-roundtable-2015-sowing-the-seeds-for-asiaamprsquos-future China, the world’s biggest emitter of greenhouse gases, needs to transition away from dirty power and heavy industry, and any instrument that helps create a new class of socially responsible Chinese investors has to be a worthy initiative. Alternative Investments Beijing widening of yuan trading band aimed at IMF, pushes for market reforms News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23183/beijing-widening-of-yuan-trading-band-aimed-at-imf-pushes-for-market-reforms China’s decision to widen the yuan’s trading band marked Beijing’s latest efforts to push ahead with market reforms to increase its chance of being included in the IMF’s currency basket later this year despite the backdrop of a wea Alternative Investments Chinese fund manager GF International launches MSCI China A International ETF News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23189/chinese-fund-manager-gf-international-launches-msci-china-a-international-etf The GFI MSCI China A International ETF is physical in nature meaning it invests in securities that replicate the composition of the index it tracks. Alternative Investments SC Capital joins Fortius Funds Management to buy Sydney office tower News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23190/sc-capital-joins-fortius-funds-management-to-buy-sydney-office-tower This is the fourth property that the Singapore-based private equity firm has bought in Australia over the last eight months. Alternative Investments China's GSR Capital launching $5 bln fund for global tech deals News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23191/chinaamp039s-gsr-capital-launching-5-bln-fund-for-global-tech-deals Chinese investment firm GSR Capital is launching a $5 billion fund to invest in global technology companies, counting on huge demand at home to create economies of scale in pharmaceuticals, energy saving and mobile phone technology. Alternative Investments Islamic banking expanding to more fields in Pakistan News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23167/islamic-banking-expanding-to-more-fields-in-pakistan It is expected it would attract other foreign-based banks to start Islamic banking in Pakistan. Islamic Finance Interest-free banking: Why the delay by government? News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23092/interest-free-banking-why-the-delay-by-government The State Bank of India Sharia-compliant mutual fund, that was cleared by all agencies for launch on December 1, 2014 was suddenly deferred on November 30, 2014, hours before the scheduled launch. Islamic Finance Rapid growth is expected for Islamic wealth management News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23053/rapid-growth-is-expected-for-islamic-wealth-management Islamic wealth management is going to become be the “new frontier” for the global Islamic finance industry as a growing number of Islamic high-net worth individuals keeps looking for Shariah-compliant types of investment. Islamic Finance Hong Leong Islamic Bank wins award News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23073/hong-leong-islamic-bank-wins-award Hong Leong Islamic Bank Bhd was recently bagged 'The Asset Triple A Islamic Finance Awards 2015' for best bank for digital innovation. Islamic Finance Demand grows for Islamic finance body IILM sukuk News Aggregation Team Thursday, July 16, 2015 12:00 am http://www.apbankers.net/article/22911/demand-grows-for-islamic-finance-body-iilm-sukuk Demand for Islamic bonds issued by the International Islamic Liquidity Management Corp is growing, signalling widening popularity for a programme designed as a cross-border tool for Islamic banks to manage their liquidity needs. Islamic Finance The Institution of Zakat in Islam News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22879/the-institution-of-zakat-in-islam It is important to understand the reason why Zakat has been made oneof the fundamentals of Islam (Arkaan-e-Islam). Islamic Finance The alternative interest-free banking system - how it works News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22880/the-alternative-interest-free-banking-system-how-it-works The 2008 sub-prime financial crisis led to protests and criticism on the negative impact of the financial and banking system on the economy and society. Calls were made for a more equal and sustainable system - an alternative one. Islamic Finance Malaysia expects its Islamic finance sector to grow by 18% annually News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22889/malaysia-expects-its-islamic-finance-sector-to-grow-by-18-annually The survey also reveals that Islamic banks have gained momentum in maintaining customer relationships Islamic Finance Indonesia Vying To Host World Islamic Infrastructure Bank News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22899/indonesia-vying-to-host-world-islamic-infrastructure-bank Indonesia is currently competing against Turkey in a bid to host the World Islamic Infrastructure Bank Islamic Finance AFB Focuses On Financing GLCs, Public-Listed Companies News Aggregation Team Tuesday, July 14, 2015 12:00 am http://www.apbankers.net/article/22862/afb-focuses-on-financing-glcs-public-listed-companies Asian Finance Bank hopes to sustain its performance for the 2015 financial year by focusing on providing financing to government-linked and public-listed companies. Islamic Finance Euromoney names Citi best bank in Asia News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23179/euromoney-names-citi-best-bank-in-asia Commenting on the achievement, Citi Head of Corporate and Investment Banking for Asia Pacific, Mark Slaughter said: "In a highly competitive market this independent recognition is greatly appreciated by all of us at Citi. Investment Banking Barclays to boost Asian trade flows business News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23195/barclays-to-boost-asian-trade-flows-business BARCLAYS is gunning for Asia's lucrative trade flows business and hiring corporate bankers in the region to lead this push. Investment Banking DBS banker Jeanette Wong counted among region's best News Aggregation Team Saturday, July 25, 2015 12:00 am http://www.apbankers.net/article/23144/dbs-banker-jeanette-wong-counted-among-regionamp039s-best Jeanette Wong on FinanceAsia's list of top 25 women in financial sector across Asia-Pacific Investment Banking New lender in the region: The importance of AIIB for South Asia News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23128/new-lender-in-the-region-the-importance-of-aiib-for-south-asia South Asia may be an emerging region, but needs to spend trillions of dollars on infrastructure and bring power grids, roads and water supplies up to the required standard as needs of the ever-growing population keep increasing. Investment Banking Banks are poaching from Singapore polys, but only for the back office News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23131/banks-are-poaching-from-singapore-polys-but-only-for-the-back-office Are you looking for a banking job in Singapore? Are you not academically inclined or perhaps you want a faster route into the industry? Investment Banking Citi Mobile Challenge Launches in Asia Pacific News Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23104/citi-mobile-challenge-launches-in-asia-pacific Digital Acceleration Program Fuels FinTech Innovation through Global Competition; Events in Bangalore, Hong Kong, Singapore and Sydney Investment Banking Citigroup joins hunt for fintech innovators in Hong Kong to help further transform banking News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23113/citigroup-joins-hunt-for-fintech-innovators-in-hong-kong-to-help-further-transform-banking American banking giant Citigroup has launched a new accelerator programme in search of innovative, financial technology focused software developers and start-ups in Hong Kong and other markets in Asia-Pacific. Investment Banking Barclays gunning for Asia's trade flows, hiring corporate bankers News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23120/barclays-gunning-for-asiaamp039s-trade-flows-hiring-corporate-bankers Barclays has three key home markets, the UK, US and Africa, said spokesman John McGuinness on the seeming change in direction. Investment Banking BRICS Bank Launches, Boosting China’s Influence News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23048/brics-bank-launches-boosting-chinaamprsquos-influence A new $100 billion international development bank backed by developing countries launched in Shanghai Tuesday, in what official Chinese media called a challenge to Western-backed international lenders. Investment Banking Chinese investment bank files for up to $1 billion HK flotation News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23083/chinese-investment-bank-files-for-up-to-1-billion-hk-flotation The company has as its majority shareholder Central Huijin Investment Ltd, a unit of China's $747 billion sovereign wealth fund. Investment Banking Asia Family Offices-Investment Theses: What We Want by Catherine Shiang News Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23133/asia-family-offices-investment-theses-what-we-want-by-catherine-shiang While most wealth managers, private bankers and other research aptly provide statistics on number of UHNW and capital value, FEW have actual insight on how wealth is internally managed, who the trusted advisors of choice are, and how to work with these fa InvestmentView Hedge fund Bridgewater Associates' Ray Dalio turns from China bull to bear News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23140/hedge-fund-bridgewater-associatesamp039-ray-dalio-turns-from-china-bull-to-bear The success or failure of China's economy will ultimately depend on the actions of policymakers to navigate through a tricky economic scenario, Bridgewater advised. InvestmentView Guernsey: The Answer For Affluent Asians News Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23078/guernsey-the-answer-for-affluent-asians Asia Pacific is second only to North America in terms of the number of high-net-worth individuals (HNWIs) in the region. InvestmentView Global funds make a beeline for Indian banks, finance firms; $1.46 billion investment made in 6 months News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/22997/global-funds-make-a-beeline-for-indian-banks-finance-firms-146-billion-investment-made-in-6-months Indian financial services firms delivered the second-highest return on invested capital for private equity firms during 2009-13 InvestmentView The Expat Guide To ‘China Rich Girlfriend’: Author Interview News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/23004/the-expat-guide-to-amplsquochina-rich-girlfriendamprsquo-author-interview Both take a satirical lens to the lives of the upper class in Singapore, China and Hong Kong, jam-packed with descriptions of gobsmacking luxury. InvestmentView Blockchain – a disruptive force for good? by Anju Patwardhan, Group Chief Innovation Officer,Standard Chartered News Team Friday, July 17, 2015 12:00 am http://www.apbankers.net/article/22957/blockchain-ampndash-a-disruptive-force-for-good-by-anju-patwardhan-group-chief-innovation-officerstandard-chartered Financial innovation is the dominant theme at technology centres around the world. Banking is an almost entirely digital business and innovation using technology is an obvious choice. InvestmentView NAB chief joins chorus on economic reform News Aggregation Team Thursday, July 16, 2015 12:00 am http://www.apbankers.net/article/22913/nab-chief-joins-chorus-on-economic-reform Mr Thorburn joins a growing band of leaders frustrated with a lack of economic reform coming from Canberra. InvestmentView All China - strong growth, fragile foundations News Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22893/all-china-strong-growth-fragile-foundations Schroders' Emerging Markets Economist, Craig Botham, comments on the latest GDP figures from China ... while it has defied the sceptics for now, we do not see much in the data to encourage us about the economy’s future. InvestmentView Financial markets remain remarkably robust by Mikio Kumada, CIIA, Global Strategist at LGT Capital Partners News Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22894/financial-markets-remain-remarkably-robust-by-mikio-kumada-ciia-global-strategist-at-lgt-capital-partners Over the past few weeks, China’s stock markets crashed and Greece appeared to flirt with disaster. Still, global financial markets have remained remarkably robust, as we expected. InvestmentView Singapore’s banking and finance can transform faster in digital boom News Aggregation Team Sunday, July 12, 2015 12:00 am http://www.apbankers.net/article/22807/singaporeamprsquos-banking-and-finance-can-transform-faster-in-digital-boom Soul was one of the three panellists at a discussion about digital disruption at the conference. InvestmentView NDB honored at Asian Banking Awards News Aggregation Team Saturday, July 25, 2015 12:00 am http://www.apbankers.net/article/23146/ndb-honored-at-asian-banking-awards NDB was adjudged ‘Domestic Retail Bank of the Year – Sri Lanka’ and ‘SME Bank of the Year – Sri Lanka’ for the third consecutive year at the recently concluded Asian Banking and Finance Retail Banking Awards 2015. Retail Banking Mekong Development Bank to be merged into Maritime Bank News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23110/mekong-development-bank-to-be-merged-into-maritime-bank The merger plan was approved at the banks' shareholders meeting last year with the aim to boost their financial strength and increase competitiveness. Retail Banking Regulator likely to approve Hana-KEB merger later this week News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/22986/regulator-likely-to-approve-hana-keb-merger-later-this-week Hana Financial has tried to merge Hana Bank and the Korea Exchange Bank since it acquired the KEB from U.S. buyout fund Lone Star in 2012. Retail Banking Swift adds Vietnam bank to its KYC registry News Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/23003/swift-adds-vietnam-bank-to-its-kyc-registry Launched in December 2014, the KYC Registry includes entities from more than 125 countries Retail Banking Nanyang Commercial Bank’s HK$68 billion asking price a bid for state buyers News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22903/nanyang-commercial-bankamprsquos-hk68-billion-asking-price-a-bid-for-state-buyers BOC Hong Kong said in a notice at the Beijing Financial Assets Exchange that it would sell 100 per cent of its wholly owned subsidiary, which has 40 branches in Hong Kong and 42 branches and sub-branches on the mainland. Retail Banking Hana Bank, Korea Exchange Bank Agree to Merger News Aggregation Team Tuesday, July 14, 2015 12:00 am http://www.apbankers.net/article/22857/hana-bank-korea-exchange-bank-agree-to-merger Hana Bank is good at asset management, including private banking, while Korea Exchange Bank has a competitive edge in corporate finance and foreign exchange. Retail Banking Yes Bank gets RBI nod to open GIFT unit News Aggregation Team Tuesday, July 14, 2015 12:00 am http://www.apbankers.net/article/22868/yes-bank-gets-rbi-nod-to-open-gift-unit A banking unit in the IFSC will help it access international financial markets and help its corporate banking clients raise foreign currency funds Retail Banking YES BANK wins multiple accolades News Team Sunday, July 12, 2015 12:00 am http://www.apbankers.net/article/22805/yes-bank-wins-multiple-accolades The award was given to YES BANK after a rigorous assessment by an independent panel comprising members from Deloitte, EY, KPMG and post field research by the ABF research staff. Since 2012, Retail Banking Bank Sampoerna awaits fresh capital News Aggregation Team Sunday, July 12, 2015 12:00 am http://www.apbankers.net/article/22811/bank-sampoerna-awaits-fresh-capital Bank Sampoerna also expected the shareholders to inject at least Rp 150 billion more funds in the middle of next year Retail Banking ICICI Bank may sell Home Finance arm, Citibank roped in to find buyers News Aggregation Team Friday, July 10, 2015 12:00 am http://www.apbankers.net/article/22793/icici-bank-may-sell-home-finance-arm-citibank-roped-in-to-find-buyers ICICI Bank keeps receiving enquiries from time to time from interested parties Retail Banking HMRC rules out Australian pension tax exemption News Aggregation Team Wednesday, July 22, 2015 12:00 am http://www.apbankers.net/article/23068/hmrc-rules-out-australian-pension-tax-exemption Australians don’t want to expose themselves to HMRC. Tax HK offers tax sweetener in bid to attract PE managers News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/22996/hk-offers-tax-sweetener-in-bid-to-attract-pe-managers Market participants see more private equity investment professionals setting up shop in Hong Kong following the extension of a profits tax exemption late last week. Tax How NRIs can claim tax benefits under DTAA News Aggregation Team Monday, July 20, 2015 12:00 am http://www.apbankers.net/article/23036/how-nris-can-claim-tax-benefits-under-dtaa Non resident Indians residing in any of the DTAA countries can avail of tax benefits provided under DTAA by timely submission of the following documents. Tax GAAR provision to make way into India-Mauritius treaty News Aggregation Team Thursday, July 16, 2015 12:00 am http://www.apbankers.net/article/22938/gaar-provision-to-make-way-into-india-mauritius-treaty Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector. Tax New Zealand, Samoa Sign DTA News Aggregation Team Wednesday, July 15, 2015 12:00 am http://www.apbankers.net/article/22940/new-zealand-samoa-sign-dta The agreement provides that income from dividends will be taxed at a maximum rate of five percent Tax Big changes to India-Mauritius DTAA? News Aggregation Team Tuesday, July 14, 2015 12:00 am http://www.apbankers.net/article/22867/big-changes-to-india-mauritius-dtaa Mauritius’ former finance minister claims that his country has given up the right to tax capital gains. Tax Australia Warns MNCs Against Using Offshore Marketing Hubs To Reduce Tax Burden News Aggregation Team Monday, July 13, 2015 12:00 am http://www.apbankers.net/article/22829/australia-warns-mncs-against-using-offshore-marketing-hubs-to-reduce-tax-burden This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills. Tax Philippines, U.S. sign deal to implement FATCA News Team Monday, July 13, 2015 12:00 am http://www.apbankers.net/article/22839/philippines-us-sign-deal-to-implement-fatca The automatic reporting of financial accounts is premised on the appropriate safeguard measures to ensure confidentially of information Tax India, US sign FATCA to fight offshore tax evasion News Aggregation Team Sunday, July 12, 2015 12:00 am http://www.apbankers.net/article/22804/india-us-sign-fatca-to-fight-offshore-tax-evasion Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named. Tax Declare overseas assets, will be difficult to hide, says Revenue Secretary Shaktikanta Das News Aggregation Team Friday, July 10, 2015 12:00 am http://www.apbankers.net/article/22798/declare-overseas-assets-will-be-difficult-to-hide-says-revenue-secretary-shaktikanta-das Armed with automatic information exchange pact with the US, government today asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future. Tax Taiwan's SWF plan proceeds despite opposition News Aggregation Team Friday, July 24, 2015 12:00 am http://www.apbankers.net/article/23129/taiwanamp039s-swf-plan-proceeds-despite-opposition The central bank’s view is that safety and liquidity tops its list of concerns in the management of foreign exchange reserves. Sovereign Wealth TAIWAN: Ministry mulling ‘quasi’ sovereign wealth fund News Aggregation Team Tuesday, July 21, 2015 12:00 am http://www.apbankers.net/article/23027/taiwan-ministry-mulling-amplsquoquasiamprsquo-sovereign-wealth-fund More Unified Management:The ministry is looking for ways to coordinate the actions of Taiwan’s four state funds, diversify their portfolios and boost their efficiency Sovereign Wealth Chinese freeze opens door News Aggregation Team Thursday, July 16, 2015 12:00 am http://www.apbankers.net/article/22933/chinese-freeze-opens-door Companies on the verge of listing are now faced with the task of finding new means of financing to grow their businesses. Sovereign Wealth CapitaLand unit in S$811m joint venture with Qatar wealth fund News Aggregation Team Monday, July 13, 2015 12:00 am http://www.apbankers.net/article/22825/capitaland-unit-in-s811m-joint-venture-with-qatar-wealth-fund The 50-50 tie up with the Gulf Arab state's sovereign wealth fund is part of CapitaLand's target to launch six new funds with total assets under management of up to S$10 billion by 2020, it said. Sovereign Wealth China Wealth Fund Buys $1.4 Billion of European Properties News Aggregation Team Monday, July 13, 2015 12:00 am http://www.apbankers.net/article/22874/china-wealth-fund-buys-14-billion-of-european-properties International investors are buying retail properties in continental Europe to take advantage of a nascent economic recovery. Sovereign Wealth India most active area of our investment, says Temasek News Aggregation Team Sunday, July 12, 2015 12:00 am http://www.apbankers.net/article/22808/india-most-active-area-of-our-investment-says-temasek Temasek Holdings, the investment arm of the Singapore government, has said that with the focus on revival of investor-led growth in the country, India over the past year has been one of their "most active" areas of investment with potential for Sovereign Wealth Sovereign wealth fund will diversify News Aggregation Team Thursday, July 02, 2015 12:00 am http://www.apbankers.net/article/22575/sovereign-wealth-fund-will-diversify Korea Investment Corp. will raise its allocation for alternative investments to 15 percent by year-end from 8 percent currently. Sovereign Wealth KIC's chairman sets course for endowment-like asset allocation News Aggregation Team Thursday, July 02, 2015 12:00 am http://www.apbankers.net/article/22583/kicamp039s-chairman-sets-course-for-endowment-like-asset-allocation To achieve a target allocation of 15% to alternatives by the end of 2015, more than half of the Ministry of Finance’s 2015 injection would have to be made to alternative strategies Sovereign Wealth Firm advises on $525m Barangaroo investment News Aggregation Team Wednesday, July 01, 2015 12:00 am http://www.apbankers.net/article/22547/firm-advises-on-525m-barangaroo-investment Minter Ellison has advised one of the world’s largest sovereign wealth funds, Qatar Investment Authority, on its acquisition of a 37.5 percent stake in the $2bn International Tower 1 in the Barangaroo development. Sovereign Wealth The investment elephant in the room News Aggregation Team Monday, June 22, 2015 12:00 am http://www.apbankers.net/article/22238/the-investment-elephant-in-the-room Central banks and sovereign wealth funds are one of the most significant investor groups in global financial markets today — rivaling institutional investors like pension funds and sovereign wealth funds as to their size. Sovereign Wealth Global hedge fund suffers setback in AUM growth News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23159/global-hedge-fund-suffers-setback-in-aum-growth The global hedge fund industry succumbed to a decline of 1.57% in total AUM to US$3.118 trillion in June, despite investors continuing to plow assets into hedge funds, according to a report by consultancy eVestment. Research Where are our millionaires? India sees high net worth individuals shifting base News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23171/where-are-our-millionaires-india-sees-high-net-worth-individuals-shifting-base India has seen the second-biggest outflow of high net worth individuals in last 14 years Research New Asian financial crisis in the making? News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23175/new-asian-financial-crisis-in-the-making Recent financial and macro developments, both external and domestic, have been nothing short of uncertainties and volatilities. Research 5 things to know before the Singapore market trades this week: July 27-Aug 2 News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23180/5-things-to-know-before-the-singapore-market-trades-this-week-july-27-aug-2 A widely watched consumer confidence survey out ...is predicted to show optimism dipping slightly in July but remaining close to its highest levels in more than 15 years. Research Asia hedge fund start-ups see record first half News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23182/asia-hedge-fund-start-ups-see-record-first-half The amount raised in the first six months was roughly equivalent to the total sum raised in all of 2014 Research Asian Superpowers China and India Top List of Nations Whose Millionaires Move Abroad News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23185/asian-superpowers-china-and-india-top-list-of-nations-whose-millionaires-move-abroad Tens of thousands of "high-net-worth individuals" have left to seek a better life overseas Research China’s asset bubbles and slowdown put banks at risk: Moody’s News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23193/chinaamprsquos-asset-bubbles-and-slowdown-put-banks-at-risk-moodyamprsquos China’s asset bubbles and its growth slowdown places Malaysian banks and those in Hong Kong, Singapore and India at risk in the coming 12 months, says Moody’s. Research Indian millionaires moved abroad News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23196/indian-millionaires-moved-abroad A joint report by New World Wealth and LIO Global said, India has seen the second biggest outflow of high net worth individuals in the last 14 years, with as many as 61,000 millionaires shifting their base to abroad due to reasons like tax, security and c Research Value investor seeks good businesses at good prices News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23151/value-investor-seeks-good-businesses-at-good-prices Bad investments might seem like a taboo topic for someone who manages funds Research Philippines among key growth areas in Asia for AXA News Aggregation Team Sunday, July 26, 2015 12:00 am http://www.apbankers.net/article/23153/philippines-among-key-growth-areas-in-asia-for-axa The Philippines remains among the key growth countries in Asia for French insurance giant AXA Group Research UBS bank sees 53% jump in net profit News Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23170/ubs-bank-sees-53-jump-in-net-profit UBS posted on Monday a bigger-than-expected jump in second-quarter net profit as the Swiss bank released results one day early following a newspaper report on the figures. Company Results DBS Group Holdings Ltd’s Latest Earnings: Banking on Higher Revenue and Profit News Aggregation Team Monday, July 27, 2015 12:00 am http://www.apbankers.net/article/23188/dbs-group-holdings-ltdamprsquos-latest-earnings-banking-on-higher-revenue-and-profit DBS Group Holdings Ltd SGX:D05 reported its fiscal second-quarter earnings this morning. Company Results Axis Bank Q1 net up 19% at Rs 1,978 crore News Aggregation Team Saturday, July 25, 2015 12:00 am http://www.apbankers.net/article/23150/axis-bank-q1-net-up-19-at-rs-1978-crore Large corporate, small and medium enterprises, and retail segments were the key contributors. Company Results Credit Suisse Swings to Profit in Second Quarter News Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23102/credit-suisse-swings-to-profit-in-second-quarter Overall, our wealth management activities produced an improved performance and generated a good return on regulatory capital as a few initiatives are bearing fruit, particularly in Asia Pacific and in Switzerland. Company Results Macquarie Group 2015 Annual General Meeting and first quarter FY16 update News Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23107/macquarie-group-2015-annual-general-meeting-and-first-quarter-fy16-update Macquarie’s capital markets facing businesses3 were also up significantly on 1Q15 reflecting a weaker Australian dollar and the continued improvement in trading conditions across most of the businesses. Company Results China's CICC says Q1 profit doubled ahead of planned $1 bln HK IPO News Aggregation Team Thursday, July 23, 2015 12:00 am http://www.apbankers.net/article/23112/chinaamp039s-cicc-says-q1-profit-doubled-ahead-of-planned-1-bln-hk-ipo CICC Q1 profits jump because of higher China trading volumes Company Results GPIF secures returns of 12.27% for 2014 News Aggregation Team Tuesday, July 14, 2015 12:00 am http://www.apbankers.net/article/22873/gpif-secures-returns-of-1227-for-2014 The GPIF has racked up 50.73 trillion yen in cumulative income since the start of its discretionary investments in 2001. Company Results Temasek Assets Rise to Record as It Boosts Global Investments News Aggregation Team Tuesday, July 07, 2015 12:00 am http://www.apbankers.net/article/22692/temasek-assets-rise-to-record-as-it-boosts-global-investments Almost half of Temasek’s new allocations were in Asia Company Results CIMB to see full recovery in quarter 4? News Aggregation Team Sunday, July 05, 2015 12:00 am http://www.apbankers.net/article/22618/cimb-to-see-full-recovery-in-quarter-4 CIMB Holdings Group Bhd will need at least two more quarters before benefits from its T18 initiatives which emphasise on cost-cutting and key business areas, are reflected on its balance sheet. Company Results Kotak Mahindra Bank targets 20% growth in retail business News Aggregation Team Wednesday, July 01, 2015 12:00 am http://www.apbankers.net/article/22539/kotak-mahindra-bank-targets-20-growth-in-retail-business Effective April 1, ING Vysya Bank has merged with Kotak Mahindra Bank creating a Rs 2,00,000 crore institution. The merged entity had a national footprint of 1,200 branches and over 1,900 ATMs. Company Results