The Asia Pacific Banking News Network http://www.apbankers.net/ Tue, 03 Mar 2015 03:08:29 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Banks not reaching high net worth investors News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19660/banks-not-reaching-high-net-worth-investors The increase was the largest in five years Wealth and Asset Management Shareholder doubts need for Asia CEO at StanChart News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19627/shareholder-doubts-need-for-asia-ceo-at-stanchart Hugh Young, Asia chief at Aberdeen Asset Management, welcomes board changes at Standard Chartered, but questions the need to replace its Asia CEO as he sees it as too top­heavy. Like 0 Tweet 2 0 Tip Us E Wealth and Asset Management Number of new Australian millionaires hits five-year high News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19617/number-of-new-australian-millionaires-hits-five-year-high Despite their booming wealth, the research found that only 40 per cent of high net worth individuals sought professional advice last year Wealth and Asset Management ANZ merges Asia wealth, private banking units, Manfred Liechti goes News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19620/anz-merges-asia-wealth-private-banking-units-manfred-liechti-goes There will be no change to our strategy Wealth and Asset Management BVI Sponsors 2015 Asian Wealth Management Forum In Hong Kong News Team Saturday, February 28, 2015 12:00 am http://www.apbankers.net/article/19611/bvi-sponsors-2015-asian-wealth-management-forum-in-hong-kong The Forum looked at trends shaping the future of wealth management in Asia, welcoming over 100 CEOs, senior management, and other leading practitioners. Wealth and Asset Management Standard Chartered staff braced for big change under Winters News Aggregation Team Saturday, February 28, 2015 12:00 am http://www.apbankers.net/article/19612/standard-chartered-staff-braced-for-big-change-under-winters "There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency fell away a bit," said a senior Asia-based insider. Wealth and Asset Management IOOF still on hunt for takeover targets as underlying profit jumps 39pc News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19574/ioof-still-on-hunt-for-takeover-targets-as-underlying-profit-jumps-39pc He provided an upbeat outlook statement as the company recorded a 39 per cent jump in underlying first-half profit to $80.58 million Wealth and Asset Management Singapore still a draw for top earners despite tax hike News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19583/singapore-still-a-draw-for-top-earners-despite-tax-hike Despite hike, its personal income tax rates are still lowest in region - See more at: http://www.straitstimes.com/news/business/economy/story/singapore-still-draw-top-earners-despite-tax-hike-20150226#sthash.TynjBqz6.dpuf Wealth and Asset Management IGEX Corporate Business Update News Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19591/igex-corporate-business-update The Company will start marketing in the Philippines to high net worth individuals as early as April 2015. Wealth and Asset Management ClearView surpasses 200 adviser milestone after merger News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19559/clearview-surpasses-200-adviser-milestone-after-merger ClearView reported having 216 financial advisers under its license, following the merger with Matrix Planning Solutions in October Wealth and Asset Management UBS and Trevor Cooke part ways News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19656/ubs-and-trevor-cooke-part-ways UBS also attempted to find a suitable role within the bank’s Sydney office but an agreement was not reached. Executive Moves Aberdeen appoints boosts direct property team News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19658/aberdeen-appoints-boosts-direct-property-team He has 20 years of experience in Asia, recently was a consultant of real estate investments in Hong Kong, Aberdeen said. Executive Moves JPMorgan appoints investment banking vice chairman News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19634/jpmorgan-appoints-investment-banking-vice-chairman J.P. Morgan has appointed a vice chairman of global investment banking for Australia and New Zealand, reporting to head of investment banking Grant Dempsey Executive Moves Maybank IB appoints deputy CEO News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19636/maybank-ib-appoints-deputy-ceo Maybank Investment Bank has appointed Fad’l Mohamed as its deputy chief executive officer effective Monday Executive Moves BofA’s Asia Pacific Global Markets Head is leaving News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19652/bofaamprsquos-asia-pacific-global-markets-head-is-leaving The departure comes after Bank of America rose to fourth place among advisers on Asia Pacific mergers and acquisitions in 2014 Executive Moves SuMi TRUST makes senior management change in Ireland News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19624/sumi-trust-makes-senior-management-change-in-ireland I am personally delighted that he will stay on as Chairman and continue to steer the business with the new CEO Executive Moves Next SGX honcho: Foreign or local hire? News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19594/next-sgx-honcho-foreign-or-local-hire Industry watchers have thrown three names into the ring Executive Moves Bank Negara approves new CIMB Group CEO News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19603/bank-negara-approves-new-cimb-group-ceo CIMB Group announced that it had received approval from Bank Negara Malaysia to appoint Tengku Dato’ Zafrul Aziz as its Group Chief Executive and Executive Director Executive Moves DBS Names India CEO News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19607/dbs-names-india-ceo Southeast Asia’s largest lender earlier this month posted its lowest quarterly profit in more than two years Executive Moves Vontobel expands Australia, New Zealand operations News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19580/vontobel-expands-australia-new-zealand-operations Vontobel Asset Management (Vontobel) has hired a former Russell Investments investment consultant as senior relationship manager to broaden its institutional client coverage in the Australia and New Zealand regions Executive Moves Upto 7 years jail for hiding stash abroad News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19622/upto-7-years-jail-for-hiding-stash-abroad There is no amnesty scheme Legal, Regulation & Compliance Regulators examine explosive claims banks are using illegal super switch bait News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19638/regulators-examine-explosive-claims-banks-are-using-illegal-super-switch-bait Financial regulators are investigating explosive claims banks are offering incentives to employers if they switch their staff default superannuation funds to the big banks' retail funds Legal, Regulation & Compliance HK regulation drives trend for consolidation News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19613/hk-regulation-drives-trend-for-consolidation Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models Legal, Regulation & Compliance Sebi cancels Sahara Asset Management’s licence News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19615/sebi-cancels-sahara-asset-managementamprsquos-licence Sahara AMC is part of Sahara group that has been engaged in a long-drawn battle with Sebi Legal, Regulation & Compliance KPK to focus on Century, sidelines BLBI News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19600/kpk-to-focus-on-century-sidelines-blbi Former BI high-ranking Bank Indonesia officials, including former vice president Boediono, have been implicated in the Bank Century case, with former BI deputy governor Budi Mulya being convicted. Legal, Regulation & Compliance Finding a Foundation by Carolyn Oh News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19606/finding-a-foundation-by-carolyn-oh A foundation is essentially a civil law creation, but how does it work in a common law country like Malaysia? Carolyn Oh, Principal of Carolyn and Co discusses the appeal of foundations as a wealth management tool and its application in Malaysia both onsh Legal, Regulation & Compliance China Drums Up Pro-Growth Moves as Disinflation Seen Deepening News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19578/china-drums-up-pro-growth-moves-as-disinflation-seen-deepening China’s Premier called for more active fiscal policy and a central bank publication said additional monetary easing is needed Legal, Regulation & Compliance Debevoise advises Baring Private Equity Asia in $3.988 billion Fund VI News Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19585/debevoise-advises-baring-private-equity-asia-in-3988-billion-fund-vi Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia and advises funds with total committed capital of over $9 billion. Legal, Regulation & Compliance Europe Business Groups Want New China Banking Security Rules Scrapped News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19587/europe-business-groups-want-new-china-banking-security-rules-scrapped Letter from six groups says cybersecurity measures raise questions about China’s commitment to free trade Legal, Regulation & Compliance Former Two Sigma Analyst Gao Pleads Guilty to Software Theft News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19563/former-two-sigma-analyst-gao-pleads-guilty-to-software-theft A former analyst at the quantitative hedge fund Two Sigma pleaded guilty to taking the firm’s data Legal, Regulation & Compliance Value Partners Group Selects Charles River’s Investment Management Solution News Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19554/value-partners-group-selects-charles-riveramprsquos-investment-management-solution Users will have a single, integrated platform to support investment management activities across the firm’s equities, fixed income, FX, and derivatives operations. BankTech AXA Investment Managers partners SimCorp News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19560/axa-investment-managers-partners-simcorp With €607 billion in assets under management, AXA Investment Managers is one of the largest European-based asset managers with multiple asset classes of high volume. BankTech Mirae Asset Securities Strengthens Smart Asset Management News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19564/mirae-asset-securities-strengthens-smart-asset-management Mirae Asset Securities is launching a new mobile application for smart asset management to match its new website. BankTech Abhibus.Com appoints Kotak Investment Banking to raise $40mn News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19528/abhibuscom-appoints-kotak-investment-banking-to-raise-40mn Hyderabad-based software and services provider to fleet owners Abhibus.Com has appointed Kotak Investment Banking for raising USD 40 million from PE funds BankTech Two ex-Infosys directors fund software product firm News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19548/two-ex-infosys-directors-fund-software-product-firm The two co-founders, also former Infosys employees, however, did not disclose the investment made by Pai and Bala for the paid-up capital, or their own and that of former Wipro director B.C. Prabhakar and a few angel investors. BankTech Global Bank IT Spending to Hit $196bn in 2015 News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19510/global-bank-it-spending-to-hit-196bn-in-2015 Spending by European banks will rise at a more conservative 3.7 per cent in 2015 to reach $64.3 billion. BankTech Ventureast raising up to $200M for technology-focused fund, aims to close in 3-months News Aggregation Team Thursday, February 19, 2015 12:00 am http://www.apbankers.net/article/19431/ventureast-raising-up-to-200m-for-technology-focused-fund-aims-to-close-in-3-months It expects to close the fund faster than previous ones. BankTech FIS joins international effort for financial inclusion in India News Team Wednesday, February 18, 2015 12:00 am http://www.apbankers.net/article/19416/fis-joins-international-effort-for-financial-inclusion-in-india FIS is one of more than 20 private sector organizations from the United States, India and around the world to join this effort, which is part of India's governmental Jan Dhan initiative. BankTech Infosys announces multimillion-dollar partnership with ABN AMRO News Team Wednesday, February 18, 2015 12:00 am http://www.apbankers.net/article/19426/infosys-announces-multimillion-dollar-partnership-with-abn-amro Banks are increasingly looking at technology enablers that will help them offer innovative products and efficient services to their customers. BankTech China Banking Regulator Considering Source-Code Rules News Aggregation Team Friday, February 13, 2015 12:00 am http://www.apbankers.net/article/19304/china-banking-regulator-considering-source-code-rules China’s banking regulator said it will listen to the opinions of all parties before implementing new software rules that have spurred objections from U.S. trade groups. BankTech Taiwan’s largest asset manager eyes Indonesian market News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19625/taiwanamprsquos-largest-asset-manager-eyes-indonesian-market The board has approved plans to inject as much as $15 million into the Indonesian brokerage. Alternative Investments AMP Capital plans first step into Japanese infrastructure market News Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19633/amp-capital-plans-first-step-into-japanese-infrastructure-market AMP Capital will assist GII to acquire high quality assets as well as provide ongoing advice. Alternative Investments South Korea's pension fund to invest in hedge funds News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19635/south-koreaamp039s-pension-fund-to-invest-in-hedge-funds As of November 2014, NPS, the world's third largest pension fund, has a total of USD426bn in AUM Alternative Investments $430bn Korean pension approves hedge fund allocation after studying the asset class for eight years News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19639/430bn-korean-pension-approves-hedge-fund-allocation-after-studying-the-asset-class-for-eight-years The $430bn Korean’s National Pension Service (NPS) last week approved a plan to allocate some of its assets into hedge funds this year after studying the asset class for eight years Alternative Investments IFC may back Yes Bank with $100M for Green Bond, lending line for women-owned SMEs News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19651/ifc-may-back-yes-bank-with-100m-for-green-bond-lending-line-for-women-owned-smes This is expected to be the first emerging market Green Bond investment by IFC Alternative Investments Baring Asia raises close to US$4 billion for new Asian fund News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19655/baring-asia-raises-close-to-us4-billion-for-new-asian-fund Interest from international investors was only a problem in a good way Alternative Investments Budget 2015: Govt permits foreign investment in real estate, PE and hedge funds News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19618/budget-2015-govt-permits-foreign-investment-in-real-estate-pe-and-hedge-funds AIFs are basically funds established or incorporated in India for the purpose of pooling in capital from Indian investors for investing as per a pre-decided policy. Alternative Investments Nikko AM targets risk with outsourcing drive News Aggregation Team Saturday, February 28, 2015 12:00 am http://www.apbankers.net/article/19609/nikko-am-targets-risk-with-outsourcing-drive The asset manager's COO, Frederick Reidenbach, says that while outsourcing back-office functions has allowed it to streamline headcount Alternative Investments Hong Kong seeks more RQFII quota News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19595/hong-kong-seeks-more-rqfii-quota The Chinese authorities can promote RQFII around the globe Alternative Investments Temasek talks up board action after StanChart shake­up News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19596/temasek-talks-up-board-action-after-stanchart-shakeampshyup The exits of Standard Chartered's chief executive and Asia CEO were said to be the result of pressure from major shareholders including Singapore sovereign wealth fund Temasek. Alternative Investments Opportunity for Islamic banks as Shari'ah solutions gain traction with Asian Corporations News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19641/opportunity-for-islamic-banks-as-shariamp039ah-solutions-gain-traction-with-asian-corporations Bank Negara Malaysia, the Malaysian central bank, expects Shari'ah compliant assets to reach 40% of the total market by 2020 Islamic Finance Bank Islam-MBSB merger in the air News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19616/bank-islam-mbsb-merger-in-the-air AS the dust settles on the aborted three-way banking merger of last month Islamic Finance An Islamic Megabank for Indonesia? News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19598/an-islamic-megabank-for-indonesia With the world's largest Muslim population, one might question why Indonesia’s Islamic finance market lags behind that of neighbouring Malaysia. Islamic Finance Garuda in first Indonesian global company Sukuk News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19576/garuda-in-first-indonesian-global-company-sukuk Indonesia’s state-owned airline plans the nation’s first corporate global Sukuk sale to tap dollar wealth in the Middle East and cut funding costs. Islamic Finance Islamic Finance: Indonesia to offer sukuk at highest premium News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19570/islamic-finance-indonesia-to-offer-sukuk-at-highest-premium The yield is 55 basis points more than that for similar outstanding sukuk Islamic Finance Danajamin aims to diversify bond, sukuk market News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19571/danajamin-aims-to-diversify-bond-sukuk-market Set up in 2009 to help develop the domestic debt market, Danajamin has provided guarantees for over RM7 billion of issuance Islamic Finance Indonesia plans alternative sukuk structures to boost volumes News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19532/indonesia-plans-alternative-sukuk-structures-to-boost-volumes Indonesia is aiming to boost volumes of Islamic bonds (sukuk) by introducing new assets to support the transactions Islamic Finance Maybank Islamic launches shariah centre News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19547/maybank-islamic-launches-shariah-centre Maybank Islamic Bhd today launched its Shariah Centre of Excellence, which focuses on research and education, talent development, thought leadership and community welfare. Islamic Finance Indonesia considers new collateral for sukuk News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19487/indonesia-considers-new-collateral-for-sukuk Sukuk adhere to Islamic investing principles Islamic Finance Indonesia plans to create $8bn mega-Islamic bank News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19461/indonesia-plans-to-create-8bn-mega-islamic-bank The new Islamic mega-bank would also be a catalyst for new products for retail customers and businesses and generally improve public awareness of Shariah-compliant finance. Islamic Finance Ross McEwan hunts for local buyer as key to RBS exit News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19653/ross-mcewan-hunts-for-local-buyer-as-key-to-rbs-exit All other CIB activities will be sold or wound down Investment Banking National Bank of Abu Dhabi Eyes Expansion News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19645/national-bank-of-abu-dhabi-eyes-expansion The United Arab Emirates Lender Plans to Broaden its Reach Across Africa, the Middle East and Asia Investment Banking Goldman Said to Cut Singapore Investment Bank Jobs by 30% News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19650/goldman-said-to-cut-singapore-investment-bank-jobs-by-30 Goldman Sachs Group Inc. is reducing the size of its investment-banking team in Singapore by about 30 percent compared with the start of the year Investment Banking RBS Shuts Down Indian Banking Operations; 1000 Employees Face Axe News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19605/rbs-shuts-down-indian-banking-operations-1000-employees-face-axe There are around 7000 employees working for back office operations and 1000 employees managing their corporate and retail and investment banking operations in India across 10 branches in New Delhi, Gurgaon, Noida, Bangalore, Chennai, Pune, Mumbai, Hyderab Investment Banking Burned out junior bankers in Hong Kong start looking for an escape route News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19538/burned-out-junior-bankers-in-hong-kong-start-looking-for-an-escape-route When David Zhu, a former investment banking analyst at Goldman Sachs in Hong Kong, quit to join a private equity firm in Beijing Investment Banking First Metro teams up with Japan’s SMBC News Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19539/first-metro-teams-up-with-japanamprsquos-smbc The key areas of collaboration between the two parties focus on the capital markets and debt-related transactions. Investment Banking Whistleblower's NAB leak reveals persistent bad behaviour in financial planning, fuels royal commission calls News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19466/whistlebloweramp039s-nab-leak-reveals-persistent-bad-behaviour-in-financial-planning-fuels-royal-commission-calls NAB takes years to pay compensation after investment nightmare Investment Banking Deutsche Bank debates stake in Chinese bank-WirtschaftsWoche News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19467/deutsche-bank-debates-stake-in-chinese-bank-wirtschaftswoche Deutsche Bank (DBKGn.DE) co-Chief Executive Anshu Jain is arguing against holding on to a stake in Chinese bank Hua Xia (600015.SS) as Deutsche reconsiders its near-universal range of banking services Investment Banking Bangkok Bank offers first full custodian service for investors in Laos News Aggregation Team Friday, February 20, 2015 12:00 am http://www.apbankers.net/article/19448/bangkok-bank-offers-first-full-custodian-service-for-investors-in-laos The bank's Vientiane branch is the first institution to hold such a licence in Laos Investment Banking Investment banks brace for M&A spree News Aggregation Team Thursday, February 19, 2015 12:00 am http://www.apbankers.net/article/19433/investment-banks-brace-for-mampampa-spree The move is a turnaround from years of cutbacks to firms amid challenging conditions after the 2006 market boom ended and bonus payments were anaemic on the back of limited deal flow. Investment Banking Why the Philippines is Asean's land of opportunity News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19640/why-the-philippines-is-aseanamp039s-land-of-opportunity The Philippines is awash with opportunity for lenders, but who will take advantage? InvestmentView Institutional investors should broaden horizons News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19626/institutional-investors-should-broaden-horizons The paper suggested investors consider tilting portfolios from beta to alpha as the firm believes the opportunities for skilled active managers will improve given increasing volatility and dispersion in markets driven by economic and policy divergence. InvestmentView A Philippines Startup Shows How Emerging Markets Tech Firms Could Leapfrog Banking News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19649/a-philippines-startup-shows-how-emerging-markets-tech-firms-could-leapfrog-banking One of the systems his company offers is payroll deposits that land directly on prepaid credit cards. InvestmentView Bank of China tipped to boost competition in NZ banking sector News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19621/bank-of-china-tipped-to-boost-competition-in-nz-banking-sector Mr Hope says the Bank of China's membership will enhance competition InvestmentView China's Banking Industry and Associated Risks News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19601/chinaamp039s-banking-industry-and-associated-risks Banking activity is growing rapidly in China’s $30tn banking system and even though the country faces a sluggish economy InvestmentView Singapore ripe for a digital News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19555/singapore-ripe-for-a-digital Singaporeans are well known for being technologically savvy. InvestmentView Savvy Swiss bankers look at the alternative options News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19509/savvy-swiss-bankers-look-at-the-alternative-options As rates continue to drop and the “hunt for yield” gets riskier, the appetite for alternative assets such as hedge funds, private equity and direct infrastructure has returned across the market. InvestmentView Why India's richie rich are increasingly investing in art rather than buying luxury cars News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19463/why-indiaamp039s-richie-rich-are-increasingly-investing-in-art-rather-than-buying-luxury-cars Kehr, a medical devices manufacturer and exporter, says he is satisfied with the money he has made and wants to now focus on the real passion of his life: art InvestmentView Incremental Improvement vs. Business Transformation Phil Banas Thursday, February 19, 2015 12:00 am http://www.apbankers.net/article/19438/incremental-improvement-vs-business-transformation The title reads like a loaded question, but there’s actually nothing wrong with incremental improvement – look no further than the Japanese car industry. InvestmentView Coutts: Japan going for growth News Team Wednesday, February 18, 2015 12:00 am http://www.apbankers.net/article/19420/coutts-japan-going-for-growth Japan has escaped recession, chalking up annualised growth of 2.2% over the last quarter InvestmentView Singapore banks offer sweet deals to attract more credit card holders News Aggregation Team Tuesday, March 03, 2015 12:00 am http://www.apbankers.net/article/19659/singapore-banks-offer-sweet-deals-to-attract-more-credit-card-holders Industry players say the credit card market in Singapore is highly competitive, with 11 card issuers competing for about one million qualifying consumers. However, it is a high-margin segment that cannot be ignored. Retail Banking Management Shake-Up at Indonesia’s Top Banks as 2015 Unfolds Into a Tough Year News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19644/management-shake-up-at-indonesiaamprsquos-top-banks-as-2015-unfolds-into-a-tough-year Some banks have suffered as a result of the tougher economic conditions prevailing since last year, while others managed to weather the difficulties during 2014, maintaining high margins as they trimmed costs. Retail Banking GSIS cleared to sell bank News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19648/gsis-cleared-to-sell-bank The sale of the bank in 2011 was put on hold as minority shareholders sought to stop the GSIS from disposing of the asset. Retail Banking RBS selling its U.S. loan assets to Mizuho for around $3 billion News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19610/rbs-selling-its-us-loan-assets-to-mizuho-for-around-3-billion The bank is pulling out of 25 countries across Europe, Asia and the Middle East as it refocuses on lending in the UK. Retail Banking Mandiri eyes 9,000 agents for branchless-banking services News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19490/mandiri-eyes-9000-agents-for-branchless-banking-services At least 6,800 of the targeted 9,000 agents this year would be individual micro-business owners Retail Banking Kotak Bank-ING Vysya merger deal gets CCI nod News Aggregation Team Friday, February 20, 2015 12:00 am http://www.apbankers.net/article/19457/kotak-bank-ing-vysya-merger-deal-gets-cci-nod The proposed Rs 15,000 crore merger deal between Kotak Mahindra and ING Vysya has got the Competition Commission's approval Retail Banking Westpac Bank Bolsters Capital Buffers for Mortgage Losses News Aggregation Team Friday, February 20, 2015 12:00 am http://www.apbankers.net/article/19454/westpac-bank-bolsters-capital-buffers-for-mortgage-losses Westpac Banking Corp. set aside more capital against potential losses on home loans last quarter amid recommendations that Australia’s biggest lenders boost buffers. Retail Banking Kazkommertsbank sells majority stake in its Kyrgyz subsidiary News Aggregation Team Thursday, February 19, 2015 12:00 am http://www.apbankers.net/article/19411/kazkommertsbank-sells-majority-stake-in-its-kyrgyz-subsidiary The transaction is in line with KKB’s strategy to integrate with BTA Bank and optimize its subsidiaries Retail Banking HSBC's Indonesian Branch to Integrate with Bank Ekonomi - Analyst Blog News Aggregation Team Wednesday, February 18, 2015 12:00 am http://www.apbankers.net/article/19423/hsbcamp039s-indonesian-branch-to-integrate-with-bank-ekonomi-analyst-blog Concerns over illiquidity have been haunting Bank Ekonomi for a while now. Retail Banking Japanese bank to open branch in Myanmar in 2015 News Aggregation Team Monday, February 16, 2015 12:00 am http://www.apbankers.net/article/19337/japanese-bank-to-open-branch-in-myanmar-in-2015 The nine foreign banks also include two others from Japan, two from Singapore and one each from China, Malaysia, Thailand and Australia-New Zealand. Retail Banking Labor’s tax plan may hit growth, big business warns News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19632/laboramprsquos-tax-plan-may-hit-growth-big-business-warns BIG business is concerned that federal Labor’s plan to close multinational tax loopholes will slow economic growth Tax QFII, RQFII holders face $4bn tax headache News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19642/qfii-rqfii-holders-face-4bn-tax-headache Under-provisioned fund firms could be hard hit after authorities unveiled a 10% capital gains tax on QFII and RQFII investments retrospectively, sparking fears it could deter interest in the schemes Tax Surcharge of 2% on super-rich replaces wealth tax News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19614/surcharge-of-2-on-super-rich-replaces-wealth-tax Surcharge will yield Rs 9,000 crore to the exchequer Tax Australian Tax Office wrongly rebates $14 million News Aggregation Team Sunday, March 01, 2015 12:00 am http://www.apbankers.net/article/19619/australian-tax-office-wrongly-rebates-14-million Slow off the mark: The Australian Tax Office wrongly assessed 24.700 taxpayers. Tax Global PE firms facing China tax clampdown News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19597/global-pe-firms-facing-china-tax-clampdown Offshore private equity groups holding Chinese assets face tougher tax obligations under new rules. Tax Perpetual boss Geoff Lloyd pans super tax on rich News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19592/perpetual-boss-geoff-lloyd-pans-super-tax-on-rich PERPETUAL chief Geoff Lloyd has rubbished a proposal to increase the superannuation contributions tax for the rich as a “distraction to the main game”, and issued a call for certainty, adding heat to the simmering debate inspired by the govern Tax Indonesia’s new tax law is bad news for Singapore News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19519/indonesiaamprsquos-new-tax-law-is-bad-news-for-singapore Indonesian president Joko Widodo isn’t going to be very popular in Singapore. Tax China tightens tax rules for foreign groups News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19520/china-tightens-tax-rules-for-foreign-groups China has tightened its rules governing the sale of domestic assets by foreign entities in a two­pronged assault on tax avoidance and the overheating property market. Tax Singapore increases top income tax rate in bid to address widening wealth gap News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19540/singapore-increases-top-income-tax-rate-in-bid-to-address-widening-wealth-gap Singapore took another step toward Western welfare systems and further from low-tax models like Hong Kong Tax India Supports to probe Wealth Stashed abroad during MR’s regime News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19481/india-supports-to-probe-wealth-stashed-abroad-during-mramprsquos-regime Indian media sources stated that the India will extend their continuous cooperation regarding the probe on the plundering of national wealth to foreign countries during the previous regime. Tax Exactly where sovereign wealth funds are stashing their cash News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19646/exactly-where-sovereign-wealth-funds-are-stashing-their-cash Here we take a look at where state-backed funds are putting their cash to work over the last few months. Sovereign Wealth Malaysia sovereign fund plans $279 mln "social impact" sukuk News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19604/malaysia-sovereign-fund-plans-279-mln-ampquotsocial-impactampquot-sukuk Malaysia's $40 billion sovereign wealth fund Khazanah Nasional plans to issue a sukuk worth up to one billion ringgit ($279.17 million) to help fund schools Sovereign Wealth Australian sovereign wealth funds executive joins Hedge Fund Standards Board News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19568/australian-sovereign-wealth-funds-executive-joins-hedge-fund-standards-board It sends another powerful signal about the global importance of the HFSB mission for the investor community worldwide and particularly in Asia Pacific.” Sovereign Wealth Singapore's Temasek said partner in AXA RE's £300m London buy News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19468/singaporeamp039s-temasek-said-partner-in-axa-reamp039s-amppound300m-london-buy Singapore sovereign wealth fund Temasek is reported to be the main partner of Paris-based AXA Real Estate in buying the stalled Pinnacle development in London for £300m Sovereign Wealth Singapore and the Asian Century News Aggregation Team Friday, February 20, 2015 12:00 am http://www.apbankers.net/article/19441/singapore-and-the-asian-century The city-state has a potentially vital role to play in the West’s engagement with Asia Sovereign Wealth How Temasek has driven Singapore’s development News Aggregation Team Tuesday, February 17, 2015 12:00 am http://www.apbankers.net/article/19395/how-temasek-has-driven-singaporeamprsquos-development This year marks the 40th anniversary of Temasek, one of Singapore’s two sovereign wealth funds (SWFs), along with the Government Investment Corporation (GIC) Sovereign Wealth China's CIC bought Tokyo landmark property-advisers News Aggregation Team Thursday, February 12, 2015 12:00 am http://www.apbankers.net/article/19282/chinaamp039s-cic-bought-tokyo-landmark-property-advisers The property in west-central Tokyo includes two office buildings and houses Sovereign Wealth Malaysia’s Khazanah Got Aboard The Alibaba Gravy Train News Aggregation Team Thursday, January 15, 2015 12:00 am http://www.apbankers.net/article/18641/malaysiaamprsquos-khazanah-got-aboard-the-alibaba-gravy-train Khazanah, the Malay word for treasure, is also the name of Malaysia’s sovereign wealth fund Sovereign Wealth Sovereign-Wealth Funds Went Full Steam Ahead Direct Investing in 2014 News Aggregation Team Wednesday, January 07, 2015 12:00 am http://www.apbankers.net/article/18513/sovereign-wealth-funds-went-full-steam-ahead-direct-investing-in-2014 Sovereign-wealth funds have been an increasingly aggressive force in the merger and acquisition arena by making multibillion-dollar acquisitions on their own as opposed to paying fees for others to invest on their behalf. Sovereign Wealth RetireAustralia bought by NZ Super Fund, Infratil News Aggregation Team Monday, December 29, 2014 12:00 am http://www.apbankers.net/article/18363/retireaustralia-bought-by-nz-super-fund-infratil New Zealand's sovereign wealth fund has teamed with an asset manager to buy out one of Australia's largest retirement village operators. Sovereign Wealth Aussie millionaires willing to spend on advice News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19631/aussie-millionaires-willing-to-spend-on-advice Australia's millionaires are prepared to splash their cash to get the best advice possible, according to research by Investment Trends. Research Cushman & Wakefield predicts growth in Asia-Pacific News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19643/cushman-ampamp-wakefield-predicts-growth-in-asia-pacific Transactions for prime-location buildings have successfully closed Research Asian Outbound Property Investment Sets Record in 2014 News Aggregation Team Monday, March 02, 2015 12:00 am http://www.apbankers.net/article/19657/asian-outbound-property-investment-sets-record-in-2014 EMEA continued to receive the largest share of Asian investment Research Global Ultra Wealthy Population Hold Nearly US$3 Trillion In Owner-Occupied Residential Real Estate Assets News Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19573/global-ultra-wealthy-population-hold-nearly-us3-trillion-in-owner-occupied-residential-real-estate-assets There are 211,275 ultra high net worth (UHNW) individuals – defined as those with US$30 million and above in net assets – in the world and 79% of them own two or more residences. Research Morgan Stanley plans China research expansion News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19558/morgan-stanley-plans-china-research-expansion Morgan Stanley is beefing up its China research team to meet the increasing need for coverage of A-shares and the Greater China markets Research German Bank Report Paints Rosy Picture of Central Asian Economies News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19517/german-bank-report-paints-rosy-picture-of-central-asian-economies The bank’s recently released 36-page report, titled Insights: Central Asia and Mongolia, touts numerous investment opportunities in the region. Research Few S'poreans have formal retirement plan: Survey News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19518/few-samp039poreans-have-formal-retirement-plan-survey Many Singaporeans are optimistic about their financial future, yet few have actually drawn up a formal retirement plan, according to a new survey. Research Jefferies to Distribute Equity Research on Companies in the Philippines News Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19530/jefferies-to-distribute-equity-research-on-companies-in-the-philippines Over the past two years, Jefferies has also formed similar alliances in Australia, Indonesia, South Korea, Malaysia, Sri Lanka, Taiwan, Thailand and Vietnam to broaden the firm’s equity research offering to its global client base. These alliances no Research China's overseas property investments jump 24 fold in 6 years News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19465/chinaamp039s-overseas-property-investments-jump-24-fold-in-6-years China's overseas property investments have jumped 24 fold, from US$600 million in 2009 to US$15 billion in 2014 Research China’s state-owned firms take back seat as private sector drives M&A News Aggregation Team Friday, February 20, 2015 12:00 am http://www.apbankers.net/article/19460/chinaamprsquos-state-owned-firms-take-back-seat-as-private-sector-drives-mampampa Paul Chan, a fund manager at Invesco, explained that China’s reform of state-owned enterprises will lower the possibility of buying overly priced assets overseas Research AIA Full-Year Profit Rises on China Business News Aggregation Team Friday, February 27, 2015 12:00 am http://www.apbankers.net/article/19608/aia-full-year-profit-rises-on-china-business Insurer’s measure of profit posted double-digit growth in Hong Kong and Southeast Asia, too Company Results Malaysia Maybank Q4 net up 11.5 pct on higher Islamic banking income News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19575/malaysia-maybank-q4-net-up-115-pct-on-higher-islamic-banking-income Malayan Banking Bhd (Maybank), Malaysia's largest bank by assets, posted on Thursday an 11.5 percent rise in fourth-quarter profit, driven by higher interest income and Islamic banking income. Company Results Philippines' largest lender logs record profit in 2014 News Aggregation Team Thursday, February 26, 2015 12:00 am http://www.apbankers.net/article/19588/philippinesamp039-largest-lender-logs-record-profit-in-2014 This led to net interest income growing 19% to 51.2 billion pesos Company Results ClearView’s solid first half News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19556/clearviewamprsquos-solid-first-half Publicly-listed risk-focused financial services group, ClearView Wealth Limited has reported a strong half-year result which included its acquisition of Matrix Financial Planning. Company Results Henderson Global shows Europe's the place to be News Aggregation Team Wednesday, February 25, 2015 12:00 am http://www.apbankers.net/article/19566/henderson-global-shows-europeamp039s-the-place-to-be The impressive results this morning of Anglo-Australian investment group Henderson Global Investors show that Europe is the place to be. Company Results QBE returns to profit but warns of impact of stronger US dollar News Aggregation Team Tuesday, February 24, 2015 12:00 am http://www.apbankers.net/article/19526/qbe-returns-to-profit-but-warns-of-impact-of-stronger-us-dollar The benefits of a sale are now “not needed at all in this market Company Results HSBC blames 'challenging year' as profit falls 17% News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19500/hsbc-blames-amp039challenging-yearamp039-as-profit-falls-17 HSBC has said 2014 was a "challenging year" after reporting a 17% drop in profit to $18.7bn (£12.2bn) Company Results Australia Post's half-yearly profit down 56% News Aggregation Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19504/australia-postamp039s-half-yearly-profit-down-56 Australia Post has reported a 56% fall in its half-year profit from a year earlier, and has forecast its first full-year loss in more than 30 years Company Results Standard Life's Assets under Administration in Asia Increases 44% to GBP420m News Team Monday, February 23, 2015 12:00 am http://www.apbankers.net/article/19508/standard-lifeamp039s-assets-under-administration-in-asia-increases-44-to-gbp420m Standard Life announces today its business performance in Asia for year 2014. Company Results Korea’s NPS posts 5.25% return for 2014 News Aggregation Team Sunday, February 22, 2015 12:00 am http://www.apbankers.net/article/19476/koreaamprsquos-nps-posts-525-return-for-2014 Korea’s National Pension Service (NPS) posted an average return of 5.25% on its investments in 2014 Company Results