The Asia Pacific Banking News Network http://www.apbankers.net/ Tue, 25 Nov 2014 01:29:26 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Jersey eyes liquidity in Asian, Middle Eastern banks News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17667/jersey-eyes-liquidity-in-asian-middle-eastern-banks Switzerland and Singapore, another growing offshore market, were among 47 countries that in May agreed to share tax information Wealth and Asset Management Largest Korean-American bank to come to S. Korea News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17675/largest-korean-american-bank-to-come-to-s-korea BBCN Bank, the largest Korean-American bank that has mostly focused on ethnic Korean customers in the United States Wealth and Asset Management Wealthy Chinese Look Beyond The American Dream News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17683/wealthy-chinese-look-beyond-the-american-dream China's rich visa-seekers are discovering alternatives to foreign investment visa schemes in the US, Canada and Australia, and are increasingly applying to Europe and the Commonwealth Caribbean. Wealth and Asset Management 80% of China’s Rich Send Their Kids for Studies Abroad – Hurun Report News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17690/80-of-chinaamprsquos-rich-send-their-kids-for-studies-abroad-ampndash-hurun-report In the latest World Ultra Wealth Report released last week, China was ranked third in the total number of Ultra-High Net Worth individuals in 2013. Wealth and Asset Management Asian dynasties address wealth handover question News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17659/asian-dynasties-address-wealth-handover-question The survey found that only 13 per cent of the region’s billionaires owe all their fortune to inheritance Wealth and Asset Management Burma to Boost SME Access to Capital Through $50Mln Loan From Singapore, Vietnam News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17640/burma-to-boost-sme-access-to-capital-through-50mln-loan-from-singapore-vietnam Aye Aye Win, deputy director-general of the Small and Medium Enterprises Development Center, said a total of $50 million in capital had been secured by the ministry and would be loaned out through its Small and Medium Industrial Development Bank (SMIDB) n Wealth and Asset Management Alarm for Singapore bonds as private bank bid falters News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17635/alarm-for-singapore-bonds-as-private-bank-bid-falters Signs that wealthy private banking clients are reining in their appetite for Singapore dollar bonds could spell trouble for the small and medium-sized companies that are streaming to the city's capital markets. Wealth and Asset Management Foreign passports play role in slowing growth in the ranks of China's rich News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17587/foreign-passports-play-role-in-slowing-growth-in-the-ranks-of-chinaamp039s-rich Report says many Chinese move abroad and take up another nationality Wealth and Asset Management Private banks in Hong Kong are in an expansionist mood News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17601/private-banks-in-hong-kong-are-in-an-expansionist-mood Financial markets liberalisation in China and the growth of private wealth in the country are driving demand for private bankers in Hong Kong, a city where rich Chinese typically park a proportion of their assets. Wealth and Asset Management Why Hong Kong Is a Magnet for Ultra Rich Women News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17607/why-hong-kong-is-a-magnet-for-ultra-rich-women Asia's ultra-rich are getting even richer with their assets growing on average nearly six percent in 2014 across the region. Wealth and Asset Management Leading Australian wealth manager appoints head of legal, risk and compliance News Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17669/leading-australian-wealth-manager-appoints-head-of-legal-risk-and-compliance She will commence her role on 1 December 2014 Executive Moves Standard Chartered names senior heads in retail clients division News Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17684/standard-chartered-names-senior-heads-in-retail-clients-division Both bring a wealth of professional experience in the banking industry which will help the Bank realise its aspiration to be the leading international retail bank in Asia, Africa and the Middle East Executive Moves Guotai boss said to defect to rival News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17663/guotai-boss-said-to-defect-to-rival Mr. Xu joined CMF in July 2011 Executive Moves BMO’s LGM Investments Appoints Head of Greater China Equities News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17639/bmoamprsquos-lgm-investments-appoints-head-of-greater-china-equities He will be based in Hong Kong and will report directly to Thomas Vester, chief investment officer at LGM. Executive Moves Ipsos Australia CEO Joins Roy Morgan News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17643/ipsos-australia-ceo-joins-roy-morgan The new role, for which he will travel weekly between the company's new Kent Street, Sydney office and its Melbourne headquarters, gives Amoyal responsibility for leading the firm's drive for better cost-effectiveness, flexibility and utility. Executive Moves CUA names 30-year ANZ veteran as new CEO News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17625/cua-names-30-year-anz-veteran-as-new-ceo Credit Union Australia, the country's largest customer-owned financial institution, has announced that Rob Goudswaard, an experienced banker, will take over from Chris Whitehead as its chief executive officer from 2 February 2015. Executive Moves Allianz names new Asia insurance CIO News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17630/allianz-names-new-asia-insurance-cio Eugen Loeffler has moved from Allianz Global Investors in Korea to Singapore to oversee the German group’s Asia insurance assets. Executive Moves Swiss asset manager restructures sales team News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17599/swiss-asset-manager-restructures-sales-team Where the group used to have separate distribution teams in the region for its units GAM and Swiss & Global Asset Management, it is believed to have integrated them in recent months under Henry Choon, head of Asia ex-Japan at GAM Holding. Executive Moves Asian equity veteran steps down from UBS News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17602/asian-equity-veteran-steps-down-from-ubs Asian equity specialist Yit-Mee Cheah has retired after 25 years in the fund management industry Executive Moves Credit Suisse names new Asia hedge fund head News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17604/credit-suisse-names-new-asia-hedge-fund-head Credit Suisse said Thursday it has hired long-time Nomura Holdings Inc.8604.TO -1.24% hedge-fund executive Aditi Velakacharla to run a Hong Kong-based group at the bank that introduces its Asian hedge fund clients to potential investors. Executive Moves BNY Mellon closes Japan fund News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17680/bny-mellon-closes-japan-fund BNY Mellon is to close its BNY Mellon Japan Equity Value fund due to its small size. Legal, Regulation & Compliance Korean rich should pay more tax: ADB News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17681/korean-rich-should-pay-more-tax-adb An economist from the Asia Development Bank urged Korea to consider levying more taxes on the rich to create a more balanced wealth distribution. Legal, Regulation & Compliance Alleged Clive Palmer fraud ‘to hit $23m’ over Chinese funds News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17694/alleged-clive-palmer-fraud-amplsquoto-hit-23mamprsquo-over-chinese-funds THE scale of the fraud alleged against Clive Palmer is tipped to almost double to about $23 million, the total amount of Chinese cash ­allegedly siphoned by Mr Palmer and his companies from a bank account set up to fund operations of a port for iron o Legal, Regulation & Compliance Is the Future Fund falling behind the divestment curve? News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17699/is-the-future-fund-falling-behind-the-divestment-curve When questioned in Parliament on Thursday about why the Future Fund has not divested from fossil fuels, Chairman Peter Costello was quick to respond that the fund’s only mandate is to deliver investment returns. Legal, Regulation & Compliance International money transfer businesses launch class action against Westpac News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17648/international-money-transfer-businesses-launch-class-action-against-westpac The legal action, filed late on Friday after talks with the bank failed to resolve the issue, also included a temporary reprieve with an interim court order stopping Westpac from shutting down the trading accounts. Legal, Regulation & Compliance Mayer Brown promotes 21 to partner worldwide News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17652/mayer-brown-promotes-21-to-partner-worldwide Mayer Brown, a leading global law firm, announced the promotion of 21 of its lawyers worldwide to partner. The appointments take effect January 1, 2015. Legal, Regulation & Compliance Philippine Court asked to seize $2m assets of Arroyo aide News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17654/philippine-court-asked-to-seize-2m-assets-of-arroyo-aide The Office of the Ombudsman has asked a special court to order the seizure of $2 million in alleged illegal assets amassed by a cabinet official and close political ally of former president Gloria Macapagal-Arroyo. Legal, Regulation & Compliance Hong Kong asks China for more RQFII quota News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17614/hong-kong-asks-china-for-more-rqfii-quota We hope to see a good figure Legal, Regulation & Compliance $121m sent offshore after Astarra custodians exit News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17618/121m-sent-offshore-after-astarra-custodians-exit ANZ removed itself as one of the gatekeepers of Trio Capital's fund in February 2009 and was replaced by National Australia Trustees Ltd Legal, Regulation & Compliance Westpac moves first on 'terrorist' accounts News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17593/westpac-moves-first-on-amp039terroristamp039-accounts Westpac is the last of the four major banks to withdraw from servicing remitters, as concern about reputational risk grows and pressure from big global banks that clear transfers steps up as conflict rages in the Middle East. Legal, Regulation & Compliance These Cities Have The Ingredients To Become The Next Silicon Valley News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17647/these-cities-have-the-ingredients-to-become-the-next-silicon-valley When asked to name the world’s startup capitals, people normally think of Silicon Valley, London or New York. But with innovation on the march globally, the emerging markets have strong potential to become the next hotspots for entrepreneurs. BankTech Australians targeted by Chinese ATM gang News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17615/australians-targeted-by-chinese-atm-gang Thai banks were still 'at least three years away' from applying the necessary technology, leaving them vulnerable to theft by ATM skimmer BankTech UOBBF deploys SunGard trading and clearing tech News Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17636/uobbf-deploys-sungard-trading-and-clearing-tech UOB Bullion and Futures (UOBBF), the brokerage arm of United Overseas Bank (UOB), has deployed SunGard's post-trade cross-asset processing solution and managed services to support its trading and clearing services on major global exchanges. BankTech ‘Maybank eyes Hitachi tech’ News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17588/amplsquomaybank-eyes-hitachi-techamprsquo This was revealed at the Hitachi Innovation Forum 2014, here, during a media briefing by the Japanese company on its financial solutions for banking institutions in the Asean region. BankTech UOBBF deploys SunGard trading and clearing tech News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17612/uobbf-deploys-sungard-trading-and-clearing-tech SunGard’s managed services solution can help financial institutions experience a lower total cost of ownership BankTech Banks boost for Capgemini News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17553/banks-boost-for-capgemini CAPGEMINI Australia’s financial services arm has experienced steady growth over the past 12 months with the unit now contributing almost 40 per cent to its overall business. BankTech Police across nation raid IT firms over hacking News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17581/police-across-nation-raid-it-firms-over-hacking The police authorities, including those of Hokkaido, Kyoto and Kagoshima prefectures, conducted the raids at the offices of proxy service providers in relation to suspected violations of legislation such as the Unauthorized Computer Access Law. BankTech DST inks deal with Ping An Insurance News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17543/dst-inks-deal-with-ping-an-insurance The new asset servicing system will facilitate the company’s transformation from an annuity services provider to a specialised fund management firm with broader offerings in wealth management. BankTech Danamon eyes more growth in e-banking transactions News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17545/danamon-eyes-more-growth-in-e-banking-transactions Bank Danamon consumer banking director Michellina Triwardhany said a Facebook friend who has had funds transferred from a Danamon customer through the application could withdraw the money from a nearby Danamon ATM. BankTech Gartner recognises Avaloq as a ‘Leader’ for second year running News Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17518/gartner-recognises-avaloq-as-a-amplsquoleaderamprsquo-for-second-year-running For the second year running the Avaloq group, a provider of integrated and comprehensive banking solutions, has been named by Gartner as an industry ‘Leader’ in the ‘Magic Quadrant for International Retail Core Banking report. BankTech Blackstone to float core PE strategy News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17664/blackstone-to-float-core-pe-strategy Blackstone is already notable for its diversified model Alternative Investments Meet Convergence Accel, Indonesia’s newest venture capital firm News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17678/meet-convergence-accel-indonesiaamprsquos-newest-venture-capital-firm Last week Jakarta’s newest venture capital firm Convergence Accel announced its first investment in Female Daily Network Alternative Investments The federal government will reap $5.7 billion from the sale of Medibank Private News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17679/the-federal-government-will-reap-57-billion-from-the-sale-of-medibank-private THE federal government will reap $5.7 billion from the sale of Medibank Private, making it the biggest privatisation of a public asset since Telstra. Alternative Investments Russia Looks East, Opening its Markets to Singaporean Entrepreneurs News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17682/russia-looks-east-opening-its-markets-to-singaporean-entrepreneurs Russia, the largest country in the world by land area, is looking East, as relations with Its European and North American neighbours deteriorate in the face of events in Ukraine, with Ukrainian separatists allegedly backed by Russia. Alternative Investments Allianz Australia to acquire TIO general insurance business News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17687/allianz-australia-to-acquire-tio-general-insurance-business Allianz will maintain TIO's community sponsorship programs, such as the TIO Stadium in Darwin, TIO Traeger Park in Alice Springs and the CareFlight TIO Rescue Helicopter. Alternative Investments US insurer Allstate Corporation plans $1 billion expansion in India News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17688/us-insurer-allstate-corporation-plans-1-billion-expansion-in-india Currently, over 4,500 technical experts in India work for Allstate either directly or indirectly through various service companies such as Infosys. Alternative Investments Godrej Properties opens first overseas office in Dubai News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17695/godrej-properties-opens-first-overseas-office-in-dubai With the opening of this new representative office, GPL will engage directly with the Indian diaspora located across the GCC market. Alternative Investments China on course to become UAE’s biggest trading partner-minister News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17698/china-on-course-to-become-uaeamprsquos-biggest-trading-partner-minister Shaikh Mohammad opens inaugural Boao Forum for Asia Financial Cooperation Conference Alternative Investments Crown boss Iwan Sunito looks for synergy with Asian funds News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17657/crown-boss-iwan-sunito-looks-for-synergy-with-asian-funds Crown also hopes to develop overseas, particularly in Bali Alternative Investments China's ICBC to set up offshore yuan centre in Los Angeles News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17642/chinaamp039s-icbc-to-set-up-offshore-yuan-centre-in-los-angeles The move to create an offshore RMB centre in the largest state in the United States would lay the foundations for greater yuan trade with China, ICBC said in a statement. Alternative Investments New regulations for Islamic banks in Indonesia News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17676/new-regulations-for-islamic-banks-in-indonesia The OJK has revised Islamic banking rules involving asset quality and capital adequacy in an effort to increase the role of Islamic banking in Indonesia’s financial system. Islamic Finance Indonesia revises Islamic banking rules News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17617/indonesia-revises-islamic-banking-rules Indonesia has the world's biggest Muslim population but its Islamic finance market only holds a 4.5% of total banking assets in the country as of September, the latest central bank data showed. Islamic Finance CIMB Islamic, IDB Develop Reports To Promote Islamic Finance Industry Growth News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17633/cimb-islamic-idb-develop-reports-to-promote-islamic-finance-industry-growth IDB, via Islamic Research & Training Institute (IRTI), has signed a memorandum of understanding with CIMB Islamic to provide in-depth information on Islamic finance. Islamic Finance Regulators merging three Islamic investment firms News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17554/regulators-merging-three-islamic-investment-firms The equity-like nature of modarabas has left them vulnerable to market price swings, so the SECP issued rules in 2012 to allow smoothing of profits using a profit-equalisation reserve. Islamic Finance Malaysia's CIMB says merger deal structure to be set by early 2015 News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17559/malaysiaamp039s-cimb-says-merger-deal-structure-to-be-set-by-early-2015 CIMB says banks in merger proposal doing due diligence now Islamic Finance Pakistan regulators merging three Islamic investment firms News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17540/pakistan-regulators-merging-three-islamic-investment-firms Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strengthen financing by investment partnerships. Islamic Finance Planned Malaysia investment platform to expand role of Islamic banks News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17464/planned-malaysia-investment-platform-to-expand-role-of-islamic-banks The Malaysian government plans to roll out a new sharia-compliant investment platform next year, aiming to broaden the traditional role of Islamic banks from credit provider to investment intermediary. Islamic Finance Maybank AM enters into an agreement for cross border partnership on Islamic funds News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17418/maybank-am-enters-into-an-agreement-for-cross-border-partnership-on-islamic-funds This mutually beneficial partnership is to reinforce the advancement of the ASEAN-Greater China Strategic Partnership given the significance of the two-way trade between both regions where China continues to be ASEAN’s largest trading partner since Islamic Finance Exim Bank Plans Sukuk as Shariah Assets Expand News Aggregation Team Tuesday, November 11, 2014 12:00 am http://www.apbankers.net/article/17374/exim-bank-plans-sukuk-as-shariah-assets-expand The head of Malaysia’s state-owned trade financier said he plans to tap the global sukuk market for a second time, as Shariah-compliant assets look set to reach 40 percent of the bank’s total in 2015. Islamic Finance Planned Malaysia investment platform to expand role of Islamic banks News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17347/planned-malaysia-investment-platform-to-expand-role-of-islamic-banks The government is backing the Investment Account Platform (IAP) with an initial start-up fund of 150 million ringgit ($45 million), intending that the IAP will serve as a central marketplace to finance small and medium-sized businesses. Islamic Finance Yorkshire Bank set for £2 billion flotation as NAB looks for the exit News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17677/yorkshire-bank-set-for-amppound2-billion-flotation-as-nab-looks-for-the-exit Yorkshire and Clydesdale banks are set for a £2 billion flotation, as their owner the National Australia Bank prepares to exit the UK. Investment Banking The Philippines joins China-backed bank News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17649/the-philippines-joins-china-backed-bank The Philippines has signed a memorandum of understanding (MOU) joining the establishment of the China-backed Asian Infrastructure Investment Bank (AIIB). Investment Banking BMO Capital Markets Adds Trade Finance Capability in Hong Kong News Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17536/bmo-capital-markets-adds-trade-finance-capability-in-hong-kong BMO Capital Markets, the investment & corporate banking arm of BMO Financial Group is adding trade finance booking capabilities in Hong Kong as it moves to serve more trade in Asia. Investment Banking China clears a $A9b way for Aust investors News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17516/china-clears-a-a9b-way-for-aust-investors China has cleared the way for Australian institutional investors to invest up to $A9.2 billion in China's capital markets under a quota program to foreign investors. Investment Banking China calls for swift movement on BRICS development bank News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17477/china-calls-for-swift-movement-on-brics-development-bank China on Saturday urged BRICS nations to speed up the creation of a development bank as an alternative to the Western-dominated global financial system. Investment Banking Sri Lanka to support bank for South Asian region News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17459/sri-lanka-to-support-bank-for-south-asian-region The SAARC Bank will be formed on the lines of the New Development Bank (NDB) announced in July by the BRICS grouping Investment Banking Indian-origin banker becomes youngest Partner at Goldman Sachs News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17439/indian-origin-banker-becomes-youngest-partner-at-goldman-sachs The 32-year-old is among the 78 individuals to be promoted to this position, and is one of the five persons of Indian-origin to have made the cut in Goldman Sachs in 2014 class of Partners. Investment Banking New bank can propel much-needed sustainable development in Asia News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17421/new-bank-can-propel-much-needed-sustainable-development-in-asia Some have rushed to interpret the aim of the China-proposed move as to challenge such Western-backed institutions as the World Bank and the Asian Development Bank (ADB) in channeling capital to poor Asian countries. Investment Banking Australia May Not Join New Asian Bank After All News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17404/australia-may-not-join-new-asian-bank-after-all Australia apparently will not join the new Asian Infrastructure Investment Bank, because of strategic conflicts. Investment Banking European banks returning to Asia with fresh capital News Aggregation Team Monday, November 10, 2014 12:00 am http://www.apbankers.net/article/17346/european-banks-returning-to-asia-with-fresh-capital Having fled from trade finance and syndicated loan deals three years ago, the lenders are back in the region amid problems in the EU Investment Banking Banks gear up for online assault News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17671/banks-gear-up-for-online-assault Market trends, hot investment funds and new sophisticated financial tools are being made available at the touch of a few buttons as banks add bells and whistles to attract investors and advisers. InvestmentView India needs more banks, but bigger banks too: Citi India CEO News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17673/india-needs-more-banks-but-bigger-banks-too-citi-india-ceo As RBI readies for licensing of some niche-segment banks, global banking giant Citibank's India chief Pramit Jhaveri said there is a room for larger number of banks in the country InvestmentView Aust to join China bank if terms are met News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17655/aust-to-join-china-bank-if-terms-are-met The federal government has put a set of governance provisions to China and Trade Minister Andrew Robb is confident Australia will join the bank if they comply. InvestmentView New China ETFs Present New Challenges News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17638/new-china-etfs-present-new-challenges China is relaxing it’s limits on foreign investment, and several new ETFs are prepared to take advantage of these new investing opportunities. But investors in these ETFs are likely to pay more for the ETF than the underlying securities are worth. InvestmentView Asian bankers call for focus on complementary role News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17644/asian-bankers-call-for-focus-on-complementary-role The thirty-first Asian Bankers Association (ABA) general meeting and conference hosted by Bank Muscat, the leading financial services provider in the Sultanate, on Thursday called for an increased complementary role among banking institutions to gain from InvestmentView Dodgy dashboards Justin Urquhart Stewart Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17650/dodgy-dashboards Given the fact that I drive a 1964 Morris Traveller, I think she is entitled to have the occasional flashing light on her vintage dashboard. InvestmentView Life Agent’s Career Highlights Changes in Industry News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17583/life-agentamprsquos-career-highlights-changes-in-industry Joe Sun, 88, Joined Manulife in 1954; Backwater to Battleground InvestmentView Widodo's reforms spark investor optimism on Indonesia News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17584/widodoamp039s-reforms-spark-investor-optimism-on-indonesia This Man Builds Amazing Structures With The Help Of Gravity Alone! Truly Amazing! (Buzzwok) InvestmentView Is 1MDB a sovereign wealth fund or not? – Puthan Perumal News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17597/is-1mdb-a-sovereign-wealth-fund-or-not-ampndash-puthan-perumal Of course, the best place to start would be to enter the official website of 1MBD and get my answer there. InvestmentView Servant to the family News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17530/servant-to-the-family Businessman Clinton Ang's Chinese name means to pass on gold, which is handy as it alludes to his role as the managing director of the holding company which manages the family's investments. InvestmentView Medibank Private sale to reap $5.7bn News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17674/medibank-private-sale-to-reap-57bn The Federal Government will reap $5.7 billion from the sale of Medibank Private, making it the biggest privatisation of a public asset since Telstra. Retail Banking Deposits war among China's banks to yield no big winners News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17696/deposits-war-among-chinaamp039s-banks-to-yield-no-big-winners Mid-sized banks are suffering more than big lenders from soured loans and a profit slowdown, and are keen to maintain their deposits. Retail Banking Yes Bank begins international expansion through UAE News Aggregation Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17646/yes-bank-begins-international-expansion-through-uae Bank to open DIFC branch next year and go for an AD Retail Banking SCB to broaden overseas footprint through Mizuho partnership News Aggregation Team Thursday, November 20, 2014 12:00 am http://www.apbankers.net/article/17589/scb-to-broaden-overseas-footprint-through-mizuho-partnership Thailand's third-largest bank by assets, Siam Commercial Bank, has formed a strategic partnership with Mizuho Bank, one of Japan's mega-banks, to strengthen SCB's overseas business. Retail Banking Bank of China unit becomes 25th lender registered in NZ News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17531/bank-of-china-unit-becomes-25th-lender-registered-in-nz BOC, a unit of state-owned Bank of China, has become the 25th lender to be granted a licence by the Reserve Bank of New Zealand. Retail Banking ANZ’s Customer Experience Strategy Reaps Lasting Rewards News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17542/anzamprsquos-customer-experience-strategy-reaps-lasting-rewards ANZ noticed a downturn in sales in the first quarter Retail Banking Citigroup reportedly favors Sumitomo Mitsui to buy Japan retail bank News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17510/citigroup-reportedly-favors-sumitomo-mitsui-to-buy-japan-retail-bank Citigroup Inc. plans to give Sumitomo Mitsui Financial Group Inc. the right of first refusal this month to buy its Japanese consumer-banking business Retail Banking HDFC Bank gets nod to increase foreign holding News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17483/hdfc-bank-gets-nod-to-increase-foreign-holding The decision to classify HDFC’s stake in HDFC Bank as FDI may have a bearing on the bank’s capital raising plans Retail Banking KBank opens in Vientiane News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17462/kbank-opens-in-vientiane Kasikornbank has spent 1.2 billion baht to open a full-service branch in Vientiane, its first in another Asean member, after receiving a licence from the Laotian central bank. Retail Banking Thailand's Kasikornbank to open bank in Laos this month News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17438/thailandamp039s-kasikornbank-to-open-bank-in-laos-this-month Kasikornbank PCL, Thailand's fourth-largest lender, said on Thursday it has established a bank in neighbouring Laos which it expects to open this month, as part of an expansion into Southeast Asia. Retail Banking ATO letting big multinationals get away with it News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17672/ato-letting-big-multinationals-get-away-with-it He is one of many former officers who have voiced their concerns to Fairfax Media about the challenge of arresting the slide in tax receipts from multinational companies operating in Australia. Tax Shocking tax evasion in the name of a trust! News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17685/shocking-tax-evasion-in-the-name-of-a-trust The trust was found to have US $ 24,06,604 (Rs11,73,31,988) worth unaccounted money in the LGT bank account. Tax Korean rich should pay more tax: ADB News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17658/korean-rich-should-pay-more-tax-adb Korea’s redistribution of wealth through taxation is unbalanced Tax Paying Taxes 2015: The global picture News Team Sunday, November 23, 2014 12:00 am http://www.apbankers.net/article/17645/paying-taxes-2015-the-global-picture he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes. Tax ‘M’sian firms can invest in offshore accounts’ News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17557/amplsquomamprsquosian-firms-can-invest-in-offshore-accountsamprsquo IT is not against Malaysian law for companies to keep funds in offshore accounts. Tax Macquarie Group hit by Tax Office 'U-turn' News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17524/macquarie-group-hit-by-tax-office-amp039u-turnamp039 It is unclear whether the amount the ATO tried to recoup from ­Macquarie was paid Tax Beijing’s Interest in Offshore Tax Evasion Limited to Corrupt Officials News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17528/beijingamprsquos-interest-in-offshore-tax-evasion-limited-to-corrupt-officials The United States has good reasons to stay out. With the enactment of its 2010 Foreign Account Tax Compliance Act or FATCA, the United States has been pioneering the fight against tax evasion. Tax To bring all that black money back News Aggregation Team Tuesday, November 18, 2014 12:00 am http://www.apbankers.net/article/17544/to-bring-all-that-black-money-back India should review its double tax avoidance agreements to see if they really benefit the country Tax New Zealand To Get Tough With International Tax Evaders: To Work With OECD To Enforce Transparency And Compliance News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17511/new-zealand-to-get-tough-with-international-tax-evaders-to-work-with-oecd-to-enforce-transparency-and-compliance New Zealand is planning to crackdown on tax evaders and combat the menace of avoidance by international firms Tax Black money trail goes much beyond Swiss Alps to many island nations News Aggregation Team Sunday, November 16, 2014 12:00 am http://www.apbankers.net/article/17487/black-money-trail-goes-much-beyond-swiss-alps-to-many-island-nations As India expands its probe into suspected black money stashed abroad, the trail appears to have gone much beyond the Alpine mountain ranges of Switzerland to various island nations and global financial centres like Dubai, Singapore, Luxembourg and Cyprus. Tax KIC to retain BOA stake for time being: chief News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17689/kic-to-retain-boa-stake-for-time-being-chief KIC has been facing strong backlash from opposition party lawmakers for its US$2 billion investment in Merrill Lynch in 2008 before the financial firm was merged with BoA. Sovereign Wealth 1MDB Criticized by Lawmakers Before Sukuk Sale: Islamic Finance News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17556/1mdb-criticized-by-lawmakers-before-sukuk-sale-islamic-finance The fund, which counts Prime Minister Najib Razak as chairman of its advisory board, attracted criticism last year over fees and profits made by Goldman Sachs Group Inc. for arranging a $3 billion bond. Sovereign Wealth Frontier sovereigns eye Thai bonds News Aggregation Team Saturday, November 08, 2014 12:00 am http://www.apbankers.net/article/17332/frontier-sovereigns-eye-thai-bonds This will appeal mainly to high-net worth investors and a small group of funds able to book unrated assets. Sovereign Wealth GIC closes in on $8 billion IndCor deal News Aggregation Team Thursday, November 06, 2014 12:00 am http://www.apbankers.net/article/17276/gic-closes-in-on-8-billion-indcor-deal GIC is pressing ahead to raise its exposure to global property investments Sovereign Wealth Qatar and Citic agree $10bn investment deal News Aggregation Team Wednesday, November 05, 2014 12:00 am http://www.apbankers.net/article/17261/qatar-and-citic-agree-10bn-investment-deal Qatar's sovereign wealth fund and Chinese conglomerate CITIC Group have agreed to invest $5bn each in projects in China and elsewhere in Asia as the fund seeks to diversify into Asia. Sovereign Wealth World’s top SWFs failing on transparency News Aggregation Team Tuesday, November 04, 2014 12:00 am http://www.apbankers.net/article/17236/worldamprsquos-top-swfs-failing-on-transparency The GeoEconomica report found eight SWFs to be fully-compliant with the Santiago guidelines. Sovereign Wealth Man Running World’s Biggest Wealth Fund Takes On Riddle of China News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17186/man-running-worldamprsquos-biggest-wealth-fund-takes-on-riddle-of-china Once a year, the man running the world’s biggest sovereign wealth fund travels around China for a week. Sovereign Wealth Sovereign wealth fund makes first foray into NZ with S$313m deal News Aggregation Team Monday, November 03, 2014 12:00 am http://www.apbankers.net/article/17215/sovereign-wealth-fund-makes-first-foray-into-nz-with-s313m-deal Among the key assets in the Viaduct Quarter are the Air New Zealand Building, the Viaduct Corporate Centre and the Fonterra Headquarters, the last of which is still under development. Sovereign Wealth Qatar Fund arrives with US$ 100 mn News Aggregation Team Tuesday, October 28, 2014 12:00 am http://www.apbankers.net/article/17074/qatar-fund-arrives-with-us-100-mn Al Suwaidi, is in Colombo with a three member investment team. Sovereign Wealth Myanmar likely to sell bonds News Aggregation Team Friday, October 24, 2014 12:00 am http://www.apbankers.net/article/17006/myanmar-likely-to-sell-bonds The Manila-based lender estimates that Myanmar, which is emerging from five decades of economic isolation, will need that amount of funding to support annual expansion that it sees reaching 9.5% by 2030, said assistant chief economist Cyn-Young Park. Sovereign Wealth Strong growth moves Asia’s billionaires to top of the tree News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17668/strong-growth-moves-asiaamprsquos-billionaires-to-top-of-the-tree As the world’s wealthy continues to grow richer at double-digit rates – and nowhere faster than in StanChart’s Asian heartland – it would seem there should be more than enough business for all those wishing to serve that growing ma Research Nation urgently needs fiscal policies to fight against wealth inequality News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17686/nation-urgently-needs-fiscal-policies-to-fight-against-wealth-inequality Right now the level of wealth inequality in the US, Europe, China and the world as a whole is frightening. Research Looking to a cashless future with EDC machines News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17691/looking-to-a-cashless-future-with-edc-machines Mery took out the shiny, new electronic data capture (EDC) machine from a drawer and placed it lightly on her dusty work desk in the back corner of the auto repair shop she owns. Research Vietnam needs to enhance technology, innovation to drive sustained growth: study News Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17692/vietnam-needs-to-enhance-technology-innovation-to-drive-sustained-growth-study To avoid falling into a "middle-income trap," the country will need to considerably improve its domestic innovation capabilities Research India has 8,600 ultra HNIs News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17697/india-has-8600-ultra-hnis While the population of Ultra HNIs in India grew 10% in FY 2013-14 to 8585, their overall wealth increased 8% to US $ 1,013 dollar. Research Role of Asian family offices expands from a narrow base News Aggregation Team Monday, November 24, 2014 12:00 am http://www.apbankers.net/article/17656/role-of-asian-family-offices-expands-from-a-narrow-base In the west, family offices are more mature and clearly defined Research De-Dollarization: Is BRICS a Viable Alternative to the U.S. Dominated World Economic System? News Aggregation Team Saturday, November 22, 2014 12:00 am http://www.apbankers.net/article/17693/de-dollarization-is-brics-a-viable-alternative-to-the-us-dominated-world-economic-system Is BRICS a viable alternative to the present U.S.-dominated world economic system and does it have the potential to replace it? Research Another banking scandal… but who’s counting? News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17616/another-banking-scandalamphellip-but-whoamprsquos-counting Australlian banks are in hot water again this year over conflicted fee structures to their financial advisers and the usual raft of breaches Research The Asian Investor News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17629/the-asian-investor Financial advisors often need to tailor their advice based on the investor’s age, gender, wealth level, and occupation and advisor dependency. Research David Murray sees growth of Asian centres for savings pools News Aggregation Team Wednesday, November 19, 2014 12:00 am http://www.apbankers.net/article/17548/david-murray-sees-growth-of-asian-centres-for-savings-pools This would mean investment by sovereign wealth funds and other institutional investors in Australian infrastructure would become more attractive Research NAB's US business lifts profit News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17624/nabamp039s-us-business-lifts-profit NATIONAL Australia Bank's US subsidiary Great Western Bancorp lifted its full year net profit nine per cent due to cost cutting and fewer bad debts. Company Results Natixis to Exceed Asia Growth Target in 2014, Mignon Says News Aggregation Team Friday, November 21, 2014 12:00 am http://www.apbankers.net/article/17637/natixis-to-exceed-asia-growth-target-in-2014-mignon-says Natixis, controlled by Groupe BPCE, France’s second-biggest lender by branches, expects revenue in the region to rise more than 20 percent this year, Company Results NAB profits dip on UK write down News Aggregation Team Monday, November 17, 2014 12:00 am http://www.apbankers.net/article/17509/nab-profits-dip-on-uk-write-down National Australia Bank has announced annual 2014 net profit of $5.3 billion, a 1.1% decrease from 2013. Company Results Sumitomo Mitsui Financial Group Profit Slips News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17456/sumitomo-mitsui-financial-group-profit-slips Net Profit Slips 5.2% From Year Ago During “Abenomics” Heyday Company Results HK and Singapore boost Asia sales at Aegon News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17463/hk-and-singapore-boost-asia-sales-at-aegon Aegon’s new life sales in Asia almost doubled to €27m in Q3 2014, despite the company recording quarter by quarter drops in many of its other life divisions. Company Results Reliance Cap Q2 profit up 20% on MF, general insurance push News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17471/reliance-cap-q2-profit-up-20-on-mf-general-insurance-push Financial services major Reliance Capital today reported 20 per cent rise in its second quarter net profit to Rs 217 crore, helped by robust growth in mutual fund, commercial finance and general insurance businesses. Company Results Vietnam bank BIDV says third quarter profit jumps 39.2 pct News Aggregation Team Friday, November 14, 2014 12:00 am http://www.apbankers.net/article/17472/vietnam-bank-bidv-says-third-quarter-profit-jumps-392-pct Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV Company Results Manulife Financial Corp profit rises to $1.1-billion as Asia unit sales gain News Aggregation Team Thursday, November 13, 2014 12:00 am http://www.apbankers.net/article/17445/manulife-financial-corp-profit-rises-to-11-billion-as-asia-unit-sales-gain Our results were highlighted by very strong sales from Asia, partially offset by some weaker results in Canada and the U.S. Company Results First Metro Investment ends Q3 down 70% in net income terms News Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17414/first-metro-investment-ends-q3-down-70-in-net-income-terms A hefty drop in trading gains weighed by nearly three-fourths on third quarter consolidated net earnings of First Metro Investment Corp., Metrobank Group's investment-banking arm. Company Results Maybank Islamic generates RM1b deposit growth News Aggregation Team Wednesday, November 12, 2014 12:00 am http://www.apbankers.net/article/17402/maybank-islamic-generates-rm1b-deposit-growth Maybank Islamic Bhd has generated nearly RM1bil in deposit growth in six months for its Premier Mudharabah Account-i since the launch of the Save & Drive Deposit Campaign in April. Company Results