The Asia Pacific Banking News Network http://www.apbankers.net/ Wed, 27 May 2015 05:35:03 GMT part of MediaG8way Group http://www.apbankers.net/ http://www.apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Stockbroker Plans to Hire Up to 30 Australian Private Wealth Advisers News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21637/stockbroker-plans-to-hire-up-to-30-australian-private-wealth-advisers Plans to hire as many as 30 private-wealth advisers across Australia as its new head of wealth management seeks more business from pension savers and rich investors. Wealth and Asset Management Singapore banks pivot towards wealth management News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21644/singapore-banks-pivot-towards-wealth-management They see shift to digital powering growth in this area and retirement planning for the masses; technology would also protect against mis-selling by their sales force Wealth and Asset Management Invest with a Rich lister: Peter Scanlon opens his family office to outsiders News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21652/invest-with-a-rich-lister-peter-scanlon-opens-his-family-office-to-outsiders Peter Scanlon wants to help other members of the BRW Rich List be as successful as he has been as an investor Wealth and Asset Management Angel Investor of Paypal Visits Ju-Ai-Cai, an Online Wealth Management Firm in China News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21658/angel-investor-of-paypal-visits-ju-ai-cai-an-online-wealth-management-firm-in-china Davison has been in talks with Heng Ren, the CEO of Ju-Ai-Cai, which may lead to an investment from Peter Thiel, ex-CEO of Paypal and early investor of Facebook Wealth and Asset Management Deutsche's Asia asset arm pitching for share of bank's €1.5bn investment News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21578/deutscheamp039s-asia-asset-arm-pitching-for-share-of-bankamp039s-ampeuro15bn-investment The mainland market to play major role in hitting growth targets set by Deutsche Bank's asset and wealth management division Wealth and Asset Management AUSTRALIA: UBS Wealth in management buyout News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21587/australia-ubs-wealth-in-management-buyout It is negotiating with two big global players for its new IT platform, which will be independent from UBS. Wealth and Asset Management HK risks losing out as airport fails to serve executive jet needs, industry warns News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21569/hk-risks-losing-out-as-airport-fails-to-serve-executive-jet-needs-industry-warns Industry groups say executive jets get the lowest priority for slot allocation and parking at Hong Kong's airport. Wealth and Asset Management How our Asset Management Awards were won News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21538/how-our-asset-management-awards-were-won Last night AsianInvestor celebrated its Asset Management Awards with the cream of the industry. Here we reveal four winners announced on the night, and explain why they won. Wealth and Asset Management PwC opens fund centre for cross­border distributors News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21539/pwc-opens-fund-centre-for-crossampshyborder-distributors The consultancy has established an investment fund centre in Singapore to cater to growing numbers of managers which are expanding outside their home markets. PwC is looking to hire managers and analysts. Wealth and Asset Management Bank of Taiwan and Northern Trust Announce Global Custody Collaboration News Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21551/bank-of-taiwan-and-northern-trust-announce-global-custody-collaboration Northern Trust has a network of nine locations across Asia-Pacific Wealth and Asset Management Lyxor AM appoints new head of Asia News Aggregation Team Wednesday, May 27, 2015 12:00 am http://www.apbankers.net/article/21670/lyxor-am-appoints-new-head-of-asia The Societe Generale­owned asset manager has appointed Andrew Au as head of Asia ex­Japan. He replaces Gilbert Tse, who has left Lyxor to become chief executive at a fintech start­up. Executive Moves JP Morgan appoints infrastructure head News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21638/jp-morgan-appoints-infrastructure-head We continue to attract exceptional talent to the firm and expand our client franchise Executive Moves Westpac head of institutional banking Rob Whitfield leaving News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21639/westpac-head-of-institutional-banking-rob-whitfield-leaving She has previously worked at Barclays Capital, Citibank, and Ernst & Young. Executive Moves Goldman Sachs names new investment banking heads in Asia News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21645/goldman-sachs-names-new-investment-banking-heads-in-asia Richdale was previously head of investment banking services in Asia for Goldman Sachs Executive Moves GBI Expands Into Asia News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21668/gbi-expands-into-asia Names New Head of Business Development for the Region Executive Moves Sunsuper appoints first chief economist News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21593/sunsuper-appoints-first-chief-economist A former National Australia Bank Asset Management executive has joined industry fund Sunsuper as its first chief economist. Executive Moves StanChart Bangladesh gets new MD News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21570/stanchart-bangladesh-gets-new-md He brings more than 22 years of banking experiences working with Standard Chartered Bank in corporate banking, risk and audit in Asia, Middle East and Africa. Executive Moves AustralianSuper hires Tria Investment founder News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21542/australiansuper-hires-tria-investment-founder Former managing partner and founder of Tria Investment Partners, Andrew Baker, has joined AustralianSuper as head of proposition and product. Executive Moves New chiefs for Goldman Sachs' Australia unit News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21513/new-chiefs-for-goldman-sachsamp039-australia-unit It went on to note that the two would remain "heavily involved with their existing clients Executive Moves Gyawali named Global IME Bank CEO News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21515/gyawali-named-global-ime-bank-ceo Gyawali, who started his banking career from Nabil, has a 30-year experience. Executive Moves Indonesia court weighs legal challenge to banking regulator News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21576/indonesia-court-weighs-legal-challenge-to-banking-regulator The Financial Services Authority, known as the OJK, took over supervision of lenders from the central bank last year under a 2011 law on financial institutions Legal, Regulation & Compliance FIIs asks Sebi to simplify licence conditions for trading on stock exchanges News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21580/fiis-asks-sebi-to-simplify-licence-conditions-for-trading-on-stock-exchanges Foreign portfolio managers are pleading with the Indian capital market regulator Sebi to make the terms of the declaration that they sign to trade on local stock exchanges less pervasive. Legal, Regulation & Compliance Bendigo plays trade practices card on default funds News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21589/bendigo-plays-trade-practices-card-on-default-funds Bendigo and Adelaide Bank has added its voice to the calls for the Government to change the default funds under modern award regime and open it to all eligible MySuper products. Legal, Regulation & Compliance Former Prime Trust directors launch appeal against ASIC bans News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21656/former-prime-trust-directors-launch-appeal-against-asic-bans The former directors of failed retirement village owner Prime Trust directors – including company founder Bill Lewski and former federal health minister Michael Wooldridge – are appealing a Federal Court finding that they breached their duties Legal, Regulation & Compliance China and Hong Kong broaden financial ties through funds News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21561/china-and-hong-kong-broaden-financial-ties-through-funds China and its special administrative region of Hong Kong on Friday announced they will allow cross-border sales of investment funds to retail investors, saying it will increase financial cooperation. Legal, Regulation & Compliance Saxo sues 12 clients after franc turmoil News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21563/saxo-sues-12-clients-after-franc-turmoil Saxo Bank, a Danish broker bank stung by losses on Switzerland’s surprise revaluation of the Swiss franc, sued 12 currency-trading clients in Singapore in the latest lawsuits stemming from January’s exchange-rate turmoil Legal, Regulation & Compliance Dr M demands criminal probe after claiming 1MDB’s Cayman ‘cash’ cover-up News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21565/dr-m-demands-criminal-probe-after-claiming-1mdbamprsquos-cayman-amplsquocashamprsquo-cover-up The former prime minister said the Finance Ministry’s confirmation that the sum was in assets directly contradicted Prime Minister Najib Razak’s previous parliamentary reply that 1MDB’s funds were brought back from the Cayman Islands and Legal, Regulation & Compliance Genworth Financial faces lawsuit for Australian arm News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21566/genworth-financial-faces-lawsuit-for-australian-arm US pension fund New Bedford Contributory Retirement System has joined a class action against Genworth Financial Legal, Regulation & Compliance Why RM13 billion 1MDB investments may not be worth much News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21584/why-rm13-billion-1mdb-investments-may-not-be-worth-much First, it was said to be cash. And now it is described as units. - See more at: http://www.themalaysianinsider.com/malaysia/article/why-rm13.38-bil-1mdb-investments-may-not-be-worth-much#sthash.4AT5sMOt.dpuf Legal, Regulation & Compliance Tax residency of companies News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21605/tax-residency-of-companies New rule leaves room for discretion in determining whether a foreign company can be said to be resident in India Legal, Regulation & Compliance Cybercrime rate on the rise as hackers cash in News Team Wednesday, May 27, 2015 12:00 am http://www.apbankers.net/article/21666/cybercrime-rate-on-the-rise-as-hackers-cash-in THE Fiji Financial Intelligence Unit has received 45 cybercrime cases in the past five years, of which 15 cases were related to internet banking fraud. BankTech Hong Kong hedge fund embraces SimCorp’s front office News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21630/hong-kong-hedge-fund-embraces-simcorpamprsquos-front-office With SimCorp Dimension, the front-to-back office technology is designed to simplify a firm's technological landscape BankTech Innovations in finance threaten leadership role of banks News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21647/innovations-in-finance-threaten-leadership-role-of-banks Silicon Valley is coming BankTech Mercer chooses Bravura to modernise wealth business News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21659/mercer-chooses-bravura-to-modernise-wealth-business Mercer has chosen Sonata as the core platform technology to enable its next-generation service offering BankTech Bank apps with mobile payment services on the rise News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21664/bank-apps-with-mobile-payment-services-on-the-rise BANK apps which offer mobile payment services are growing more popular here, especially among the young and tech- savvy. BankTech Westpac asks Gen Y to help it find the next fintech start-up News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21591/westpac-asks-gen-y-to-help-it-find-the-next-fintech-start-up As all banks grapple with the impact of huge technological shifts, Westpac hopes to get an edge over rivals by tapping into the ideas of bright, young non-bankers BankTech Alibaba ‘fighting fakes’ by fostering local brands News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21620/alibaba-amplsquofighting-fakesamprsquo-by-fostering-local-brands Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade. BankTech Transfast launches instant bank deposits to Pakistan News Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21526/transfast-launches-instant-bank-deposits-to-pakistan Customers Can Send to 99% of Bank Accounts in Pakistan BankTech Acorns Grow app launches in Australia turning loose change into share portfolios News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21531/acorns-grow-app-launches-in-australia-turning-loose-change-into-share-portfolios Managing director of Instreet Investments and chief executive of the newly formed Acorns Grow Australia, George Lucas, said the app worked because it was a natural way to invest. BankTech Thomson Reuters Launches eLearning Suite to Address Increasing Training Requirements for Financial Professionals News Team Wednesday, May 20, 2015 12:00 am http://www.apbankers.net/article/21504/thomson-reuters-launches-elearning-suite-to-address-increasing-training-requirements-for-financial-professionals Thomson Reuters signs agreement with Present Value Training to expand its eLearning solutions for financial professionals facing increasing training requirements, starting in Asia BankTech CalPERS in $790 million QIC Asia infrastructure tie-up News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21608/calpers-in-790-million-qic-asia-infrastructure-tie-up The agreement between CalPERS and QIC, one of Australia’s largest institutional investment managers, will seek to invest in assets across sectors including water, power, transportation and energy. Alternative Investments Nasdaq taps China demand for hi-tech stocks with ETF News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21610/nasdaq-taps-china-demand-for-hi-tech-stocks-with-etf GF Fund Management has launched Shenzhen’s first ETF tracking the Nasdaq-100 Index, amid recent euphoria in the Mainland’s innovation-led small-cap equity market. Alternative Investments Crescent slices Cardno News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21612/crescent-slices-cardno Crescent Capital has snared an 18.74 per cent interest in the Queensland-based services company Cardno, setting the stage for another takeover tussle in the sector. Alternative Investments Underused Connect hampers HK's bid for RQFII quota News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21622/underused-connect-hampers-hkamp039s-bid-for-rqfii-quota China's regulators want to see more use of Stock Connect before they will be willing to grant Hong Kong additional RQFII quota, a senior market watcher tells an AsianInvestor forum. Alternative Investments China's private sector looks for property upside Down Under News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21624/chinaamp039s-private-sector-looks-for-property-upside-down-under Private mainland players look to Australian commercial real estate for opportunities as competition and consolidation take toll at home Alternative Investments This $30 million Australian venture capital fund is on the hunt for 10 new expanding companies News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21628/this-30-million-australian-venture-capital-fund-is-on-the-hunt-for-10-new-expanding-companies Australian venture capital outfit Blue Sky will close out its second major fund this week, raising more than $20 million as it looks to hit $30 million by the end of the year to invest in startups and companies on the rise. Alternative Investments ANZ enters fast growing ETF market News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21636/anz-enters-fast-growing-etf-market ANZ has become the first of Australia's big banks to enter the exchange traded fund market with the launch of six funds in partnership with ETF Securities. Alternative Investments China Extends Yuan Clearing Network, RQFII Program to Chile News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21648/china-extends-yuan-clearing-network-rqfii-program-to-chile China named its first clearing bank in Latin America and extended a program to invest in the world’s second-largest economy as it intensifies efforts to increase the currency’s global usage Alternative Investments Societe Generale offers Tier 2 Dim Sum bonds News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21650/societe-generale-offers-tier-2-dim-sum-bonds In March, SocGen issued a Rmb1bn Formosa bond at a yield of 4.03%. Alternative Investments Bahrain and China to sign major trade agreements News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21581/bahrain-and-china-to-sign-major-trade-agreements Two major agreements are expected to be signed by Bahrain and China Alternative Investments Aceh to Provide Roadmap for Indonesia’s Islamic Banking Ambition News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21619/aceh-to-provide-roadmap-for-indonesiaamprsquos-islamic-banking-ambition Indonesia’s bid to rival Malaysia as a Shariah finance hub just took on greater impetus with a plan by Aceh province to convert its development bank to one that complies with Islamic law. Islamic Finance Islamic banks offering new products under investment accounts News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21631/islamic-banks-offering-new-products-under-investment-accounts Just like any investment, the principal amount for investment accounts is not guaranteed. Islamic Finance Allied Bank creating room for expansion News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21635/allied-bank-creating-room-for-expansion With its core business sailing smoothly, Allied Bank appears to be now gearing to invest in technological and infrastructure upgrades and alternative revenue streams to prop up future earnings. Islamic Finance Najib urges partnership with Japan to tap Islamic finance market News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21640/najib-urges-partnership-with-japan-to-tap-islamic-finance-market Prime Minister Datuk Seri Najib Razak today urged Japan to partner Malaysia in engaging in Islamic finance-related activities and tapping the global market. Islamic Finance Indonesia, Turkey, IDB to form sharia infrastructure megabank News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21657/indonesia-turkey-idb-to-form-sharia-infrastructure-megabank On a visit to Jakarta last week, World Bank President Jim Yong Kim offered up to $12 billion in new financing to 2019. Islamic Finance Bigger may not be better for Financial Centres News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21586/bigger-may-not-be-better-for-financial-centres Islamic Finance Industry – “Not a beauty contest” Islamic Finance Malaysia’s Islamic finance continues to record double-digit growth News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21590/malaysiaamprsquos-islamic-finance-continues-to-record-double-digit-growth Malaysia is on track to becoming an Islamic finance hub as its Islamic finance sector continues to record double-digit growth, with increasing presence in the global market. Islamic Finance Are bigger banks and more hubs better for Islamic finance? News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21567/are-bigger-banks-and-more-hubs-better-for-islamic-finance Islamic finance has emerged as an attractive alternative operating almost at par with the conventional segment, with more countries jumping on the bandwagon. Islamic Finance Malaysia's Sukuk volumes stable, driven by corporate and sovereign refinancings, says Moody's News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21517/malaysiaamp039s-sukuk-volumes-stable-driven-by-corporate-and-sovereign-refinancings-says-moodyamp039s Moody's Investors Service says that corporate and sovereign refinancing of maturing bonds will drive stable Sukuk issuance volumes in Malaysia in 2015. Islamic Finance Size of Islamic Finance Industry News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21532/size-of-islamic-finance-industry 2015 Statistics for Size of Islamic Market and its Sectors Islamic Finance Australia and New Zealand Banking Group Ltd plans to expand footprint in India News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21611/australia-and-new-zealand-banking-group-ltd-plans-to-expand-footprint-in-india The Australia and New Zealand Banking Group Ltd will open their third branch in Bangalore in early 2016, a senior official of the bank said on Monday, as it makes a renewed push to penetrate the tough Indian banking segment. Investment Banking Singapore banks pivot towards wealth management News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21616/singapore-banks-pivot-towards-wealth-management They see shift to digital powering growth in this area and retirement planning for the masses; technology would also protect against mis-selling by their sales force Investment Banking AIIB 'good for Singapore as a financial hub' News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21594/aiib-amp039good-for-singapore-as-a-financial-hubamp039 Singapore's role as a financial hub should enjoy a boost once the Asian Infrastructure Investment Bank (AIIB) is up and running Investment Banking Maybank Kim Eng to increase capital in Vietnam in 2 years News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21642/maybank-kim-eng-to-increase-capital-in-vietnam-in-2-years He said the extra US$10 million is to expand its business in that country which it believes has great potential for growth. Investment Banking India emerges as 2nd biggest shareholder in new Asian Infrastructure Bank News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21574/india-emerges-as-2nd-biggest-shareholder-in-new-asian-infrastructure-bank China, which sponsored the bank, will have 30.85 per cent share followed by India with 10.85 percent. Investment Banking Philippines eyes joining China-led bank News Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21516/philippines-eyes-joining-china-led-bank The Philippines currently serves as the home of the Asian Development Bank, which provides concessional loans to member-countries. Investment Banking Investec Australia to post pre-tax profit News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21525/investec-australia-to-post-pre-tax-profit Investec Australia chief executive Milton Samios with Investec Group CEO Stephen Kosoff. Photo: Steven Siewert Investment Banking Daiwa Securities switches post-trade platforms as Hong Kong gears up for growth News Aggregation Team Wednesday, May 20, 2015 12:00 am http://www.apbankers.net/article/21493/daiwa-securities-switches-post-trade-platforms-as-hong-kong-gears-up-for-growth The bank says the move is part of a long-term plan to revamp its back-office technology in the city, as Hong Kong steps up its role in the integration of China’s capital markets into the global mainstream. Investment Banking Japan plans $100 billion in Asia infrastructure aid, matching AIIB capital level News Aggregation Team Tuesday, May 19, 2015 12:00 am http://www.apbankers.net/article/21462/japan-plans-100-billion-in-asia-infrastructure-aid-matching-aiib-capital-level The amount is the same as the planned capital of the China-led Asian Infrastructure Investment Bank, of which Japan has not become a founding member. Investment Banking Societe Generale provides Pioneer Investments with a new Share Class Hedging Solution News Team Tuesday, May 19, 2015 12:00 am http://www.apbankers.net/article/21474/societe-generale-provides-pioneer-investments-with-a-new-share-class-hedging-solution Societe Generale Securities Services (SGSS) has launched a new share class hedging solution in Korean Won for Pioneer Investments, the global investment management firm. This solution enables the firm to extend its investment product range in Korea for as Investment Banking Disrupters face uphill battle, Spotcap warns News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21614/disrupters-face-uphill-battle-spotcap-warns Lachlan Heussler, the country head of the nation’s newest ­financial technology company to open its doors, has a warning for the hordes of start-ups aiming to disrupt the financial services space. InvestmentView India still looks attractive among emerging markets: Tai Hui News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21579/india-still-looks-attractive-among-emerging-markets-tai-hui We think investors should remain invested with Indian equities. InvestmentView Chinese firms spread the wealth in the US News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21600/chinese-firms-spread-the-wealth-in-the-us China could use this to blunt US criticism of its aggressive military stance InvestmentView William Pesek: Man who brought down British bank warns about China News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21568/william-pesek-man-who-brought-down-british-bank-warns-about-china Twenty years after bringing down a major British bank, Nick Leeson is sounding alarm bells about China InvestmentView Global growth in 2015 - it’s complicated by Marios Maratheftis, Standard Chartered News Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21544/global-growth-in-2015-itamprsquos-complicated-by-marios-maratheftis-standard-chartered If the world economy is set to grow faster in 2015, then why the long faces? Well, there are several reasons. InvestmentView Indian billionaire worries about disruptive technology News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21514/indian-billionaire-worries-about-disruptive-technology Indian consumers are quickly moving online InvestmentView 'Investors in China face a bruising fall to earth', says Thomas Miller Investment News Team Monday, May 18, 2015 12:00 am http://www.apbankers.net/article/21439/amp039investors-in-china-face-a-bruising-fall-to-earthamp039-says-thomas-miller-investment With China having enjoyed a significant bull run recently, is the bubble about to burst? InvestmentView The Schroders Global Investment Trends Survey 2015 News Team Friday, May 15, 2015 12:00 am http://www.apbankers.net/article/21362/the-schroders-global-investment-trends-survey-2015 Over-confidence amongst retail investors globally with majority expecting a return of 12% over the next year InvestmentView OCBC warns of tough credit environment ahead News Aggregation Team Friday, May 15, 2015 12:00 am http://www.apbankers.net/article/21377/ocbc-warns-of-tough-credit-environment-ahead A recovery in the world's largest economy is paving the way for a lift-off in U.S. InvestmentView Rogue trader Nick Leeson sounds warning on China's stock market News Aggregation Team Friday, May 15, 2015 12:00 am http://www.apbankers.net/article/21378/rogue-trader-nick-leeson-sounds-warning-on-chinaamp039s-stock-market Eventually, Leeson's losses mushroomedâÄč to $1.4 billion InvestmentView HSBC Indonesia to Change Business Model From 2017 News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21655/hsbc-indonesia-to-change-business-model-from-2017 Dutta did not elaborate on the new business model but he noted that after the merger HSBC Indonesia would have a larger network and better service coverage in over 30 cities Retail Banking BOCHK's possible Asean push may be linked to 'One Belt, One Road' initiative News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21575/bochkamp039s-possible-asean-push-may-be-linked-to-amp039one-belt-one-roadamp039-initiative Bank's large US dollar and Hong Kong dollar base could finance lending throughout region Retail Banking ICBC becomes active in Turkey’s banking sector News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21599/icbc-becomes-active-in-turkeyamprsquos-banking-sector Industrial and Commercial Bank of China Limited (ICBC) has announced that its acquisition of a 75.5 percent of stake in Tekstilbank from Turkish GSD Holding Retail Banking ANZ Bank's Subhash DeGamia: Two branches in India by early 2016 News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21602/anz-bankamp039s-subhash-degamia-two-branches-in-india-by-early-2016 ANZ Bank will open two more branches in India by early next year, a senior official of the bank said today. Retail Banking Cashing out: millions 'disappear from China bank accounts' News Aggregation Team Tuesday, May 19, 2015 12:00 am http://www.apbankers.net/article/21503/cashing-out-millions-amp039disappear-from-china-bank-accountsamp039 Banking scams are rife in China, sometimes involving bank employees, and ordinary savers are often the ones robbed. Retail Banking Bank of China to open its branch in Mumbai: Devendra Fadnavis News Aggregation Team Monday, May 18, 2015 12:00 am http://www.apbankers.net/article/21425/bank-of-china-to-open-its-branch-in-mumbai-devendra-fadnavis The chief minister reiterated that Maharashtra was keen on partnership with China on developing infrastructure. Retail Banking Arun Shrivastava assumes charge as Syndicate Bank MD and CEO News Aggregation Team Friday, May 15, 2015 12:00 am http://www.apbankers.net/article/21409/arun-shrivastava-assumes-charge-as-syndicate-bank-md-and-ceo Arun Shrivastava has assumed charge as managing director and chief executive officer of Syndicate Bank on May 15. Retail Banking Banks without borders have SE Asia in their spyglass News Aggregation Team Thursday, May 14, 2015 12:00 am http://www.apbankers.net/article/21340/banks-without-borders-have-se-asia-in-their-spyglass With a saturated local market, institutions seeking profits abroad Retail Banking ICICI Bank to expand China presence with Shanghai branch News Aggregation Team Thursday, May 14, 2015 12:00 am http://www.apbankers.net/article/21355/icici-bank-to-expand-china-presence-with-shanghai-branch The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China. ICICI Bank's Managing Director and CEO Chanda Kochhar will also be present. Retail Banking JCB and Bank Mandiri Sign for a New Partnership News Team Thursday, May 14, 2015 12:00 am http://www.apbankers.net/article/21369/jcb-and-bank-mandiri-sign-for-a-new-partnership Partnership include JCB Card acceptance and issuing JCB Card Retail Banking Swiss name two Indians under probe News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21617/swiss-name-two-indians-under-probe Similar is the case for other foreign nationals including the British, Spanish and Russians. Tax Japan lawmakers to cut criss-border B2B tax News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21634/japan-lawmakers-to-cut-criss-border-b2b-tax Japanese lawmakers are making headway in amendments to the nation’s eCommerce tax laws, and the most recent developments could bring good news for the B2B sector in particular. Tax Malaysia, Slovak sign agreement to avoid double taxation News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21603/malaysia-slovak-sign-agreement-to-avoid-double-taxation Malaysia and Slovak today signed a protocol agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income Tax Indonesia to Call Time on Tax-Free Debt for Riskiest Borrowers News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21560/indonesia-to-call-time-on-tax-free-debt-for-riskiest-borrowers Companies the world over have used interest payments to shrink their tax bills for decades Tax Tax relief may widen for individuals, firms News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21536/tax-relief-may-widen-for-individuals-firms The government plans to increase the minimum threshold for tax-free income in the upcoming budget after keeping the limit unchanged for two consecutive years. Tax Gold Monetisation Scheme: A 24-carat question, Interest Rates News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21537/gold-monetisation-scheme-a-24-carat-question-interest-rates Experts say that rates have to be attractive enough for citizens and institutions to take interest in the scheme. Tax Indian tax men to sit with officials from tax havens to probe foreign stash further News Aggregation Team Wednesday, May 20, 2015 12:00 am http://www.apbankers.net/article/21498/indian-tax-men-to-sit-with-officials-from-tax-havens-to-probe-foreign-stash-further Investigators have also received a new dossier on tax-related business information on about a dozen entities whose names were reported by an international group of investigative journalists sometime back Tax Gold monetisation plan offers tax-exempt interest News Aggregation Team Tuesday, May 19, 2015 12:00 am http://www.apbankers.net/article/21472/gold-monetisation-plan-offers-tax-exempt-interest Draft note says scheme to be exempt from income tax, capital gains and wealth tax Tax Compliance revenues ‘immediately at risk’ News Aggregation Team Monday, May 18, 2015 12:00 am http://www.apbankers.net/article/21415/compliance-revenues-amplsquoimmediately-at-riskamprsquo The accounting profession is under extreme pressure from digital disruption, with tax and reporting work immediately at risk Tax New tax checks to stretch Hong Kong bank compliance teams News Team Monday, May 18, 2015 12:00 am http://www.apbankers.net/article/21429/new-tax-checks-to-stretch-hong-kong-bank-compliance-teams As part of a push to control money laundering in the global banking system, the HKMA has called on lenders to peek into customers' filings Tax Chinese sovereign wealth fund bets on Irish property market revival News Aggregation Team Sunday, May 17, 2015 12:00 am http://www.apbankers.net/article/21401/chinese-sovereign-wealth-fund-bets-on-irish-property-market-revival CHINESE Investment Corporation the sovereign wealth fund of the People’s Republic of China, is part of a new commercial property debt fund, which is backing the purchase of projects out of Nama. Sovereign Wealth Cofco Joins With China Wealth Fund to Create Global Grain Trader News Aggregation Team Friday, May 15, 2015 12:00 am http://www.apbankers.net/article/21396/cofco-joins-with-china-wealth-fund-to-create-global-grain-trader The partnership will help Cofco to integrate the trading businesses it acquired last year Sovereign Wealth Sovereign wealth funds step up their property investments in Asia-Pacific News Aggregation Team Wednesday, May 13, 2015 12:00 am http://www.apbankers.net/article/21307/sovereign-wealth-funds-step-up-their-property-investments-in-asia-pacific HK hotels deal by Abu Dhabi Investment Authority highlights appetite for trophy assets Sovereign Wealth Sovereign Wealth Funds Venture into New Territory News Aggregation Team Tuesday, May 12, 2015 12:00 am http://www.apbankers.net/article/21283/sovereign-wealth-funds-venture-into-new-territory These unprecedented low yields have pushed SWFs to reassess their weightings and readjust their portfolios. Sovereign Wealth Singaporean sovereign wealth fund takes ownerhip stake in Century Pacific News Aggregation Team Thursday, May 07, 2015 12:00 am http://www.apbankers.net/article/21200/singaporean-sovereign-wealth-fund-takes-ownerhip-stake-in-century-pacific The exercise of the option would redound to a conversion price of P13.75 a share Sovereign Wealth 5 Key Takeaways at SWFI’s Institute Fund Summit Asia in Seoul News Aggregation Team Monday, May 04, 2015 12:00 am http://www.apbankers.net/article/21108/5-key-takeaways-at-swfiamprsquos-institute-fund-summit-asia-in-seoul In late April, the Sovereign Wealth Fund Institute held its third Asia summit, this time in Seoul, Korea – a vibrant metropolis home to global companies such as Samsung, Hyundai and Lotte. Sovereign Wealth Abu Dhabi sovereign wealth fund to buy stake in Hong Kong hotels in $2.4bn deal News Aggregation Team Thursday, April 30, 2015 12:00 am http://www.apbankers.net/article/21025/abu-dhabi-sovereign-wealth-fund-to-buy-stake-in-hong-kong-hotels-in-24bn-deal Abu Dhabi Investment Authority has agreed to buy a 50 percent stake in three Hong Kong hotels from a group led by New World Development Co Ltd in a HK$18.5 billion ($2.4 billion) deal Sovereign Wealth Singapore's sovereign wealth fund GIC acquires 63.9% stake in Nirlon News Aggregation Team Wednesday, April 29, 2015 12:00 am http://www.apbankers.net/article/20969/singaporeamp039s-sovereign-wealth-fund-gic-acquires-639-stake-in-nirlon Reco Berry Private Limited, an affiliate of GIC, Singapore’s sovereign wealth fund, announced today that, pursuant to the open offer and agreements with shareholders, it is acquiring 63.9% in Nirlon Ltd for Rs 12.8 billion. Sovereign Wealth Korea’s KIC eyes new Asian office News Aggregation Team Monday, April 27, 2015 12:00 am http://www.apbankers.net/article/20880/koreaamprsquos-kic-eyes-new-asian-office Speaking at the recent IMAS event in Singapore, Dr. Keehong Rhee, deputy chief investment officer and research head, said that the SWF was looking at a number of possible destinations in Asia and the Middle East as it seeks to build up its foreign investm Sovereign Wealth COMPETITION: Sovereign Wealth Funds Spice Up Deal Activity in Asia News Aggregation Team Monday, April 27, 2015 12:00 am http://www.apbankers.net/article/20925/competition-sovereign-wealth-funds-spice-up-deal-activity-in-asia The 72­ story tower is the tallest building in Hanoi and is worth an estimated US$ 1 billion. Korea­based Keangnam Enterprises, Ltd is the developer and seller of the tower. Sovereign Wealth Billionaire report highlights steady rise of Asia News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21625/billionaire-report-highlights-steady-rise-of-asia The overwhelming majority of billionaires lived in the US and Europe until 1980, with a minority of entrepreneurs creating their own wealth, according to the UBS/PwC 2015 Billionaire Report. Research Hong Kong 'still top choice for China's rich' investing outside the mainland and overseas News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21641/hong-kong-amp039still-top-choice-for-chinaamp039s-richamp039-investing-outside-the-mainland-and-overseas Investors drawn to city’s low tax, shared culture and financial expertise, according to poll Research ACCA and IMA Find Global Economy Improving News Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21649/acca-and-ima-find-global-economy-improving The largest economic survey of professional accountants in the world Research Asian Hedge Funds Continue To Dominate HSBC Rankings News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21661/asian-hedge-funds-continue-to-dominate-hsbc-rankings Half of the top ten best performing hedge funds year to date have a focus in Asia Research Financing Asian tycoons hits banking’s sweet spots News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21663/financing-asian-tycoons-hits-bankingamprsquos-sweet-spots Lucrative and growing business tempts investment banks Research Mud Sticks Reputation Management For Families In Asia News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21667/mud-sticks-reputation-management-for-families-in-asia Twitter hashtags were created and newspaper editorials criticised her entitlement. Research Invesco Perpetual Japan Fund research update News Aggregation Team Tuesday, May 26, 2015 12:00 am http://www.apbankers.net/article/21669/invesco-perpetual-japan-fund-research-update Exporters could also benefit from the relative strength of the US economy as higher levels of disposable income create a greater demand for Japanese imports. Research Tougher pension rules a good move, say Aussies News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21598/tougher-pension-rules-a-good-move-say-aussies Workers and pensioners have given a firm thumbs-up to the federal Budget’s tightening of the age pension Research Asia aging shields bonds from global rout as deflation in focus News Aggregation Team Monday, May 25, 2015 12:00 am http://www.apbankers.net/article/21607/asia-aging-shields-bonds-from-global-rout-as-deflation-in-focus While Japan had the highest portion of people aged over 65 in the continent at 25.8 percent, its neighbours are catching up Research Hiring in banking sector likely to rise up to 25 per cent in 2015 News Aggregation Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21562/hiring-in-banking-sector-likely-to-rise-up-to-25-per-cent-in-2015 Hiring in banking sector is expected to go up to 25 per cent this year on the back of a growing economy, policy overhauls and improved business sentiments in the country, say industry experts. Research Bangkok Bank sees 2015 profit up despite rise in defaults News Team Sunday, May 24, 2015 12:00 am http://www.apbankers.net/article/21572/bangkok-bank-sees-2015-profit-up-despite-rise-in-defaults A spike in bad loans as consumers and businesses struggle to pay back loans amid lacklustre economic growth is eating into bank earnings in Southeast Asia's second-largest economy. Company Results AMMB Holdings earnings near RM2bil in FY15 (Update) News Aggregation Team Friday, May 22, 2015 12:00 am http://www.apbankers.net/article/21549/ammb-holdings-earnings-near-rm2bil-in-fy15-update The banking group announced on Friday its profit after tax crossed the RM2bil mark to RM2.044bil, an increase from 9.24% from RM1.871bil a year ago. Company Results CIMB posts RM580m profit, Indonesian ops weaker results News Aggregation Team Thursday, May 21, 2015 12:00 am http://www.apbankers.net/article/21522/cimb-posts-rm580m-profit-indonesian-ops-weaker-results Based on the BAU numbers, CIMB said its first-quarter operating income rose 4% to RM3.68bil Company Results Noah Holdings Sales Up On New High-Net-Worth Clients News Aggregation Team Tuesday, May 19, 2015 12:00 am http://www.apbankers.net/article/21457/noah-holdings-sales-up-on-new-high-net-worth-clients Shares dipped 2% on the stock market today, after closing up 1.4% in the regular session. Company Results J&K Bank's profit falls 57 percent in 2014-15 News Aggregation Team Sunday, May 17, 2015 12:00 am http://www.apbankers.net/article/21405/jampampk-bankamp039s-profit-falls-57-percent-in-2014-15 During 2014-15, its cash balance with the Reserve Bank of India also showed a decline by 22 percent Company Results Macquarie profit beats forecast News Aggregation Team Friday, May 08, 2015 12:00 am http://www.apbankers.net/article/21214/macquarie-profit-beats-forecast Macquarie Group has seen its net profit after tax rise 27% to $1.604 billion for the full year to 31 March Company Results ARA Asset Management posts 6% increase in 1Q2015 net profit News Aggregation Team Thursday, May 07, 2015 12:00 am http://www.apbankers.net/article/21165/ara-asset-management-posts-6-increase-in-1q2015-net-profit ARA Asset Management posted a 6 per cent rise in net profit to S$18.97 million in the first quarter ended March 2015 from S$17.83 million a year ago Company Results AMP assets under management rise to $116b News Team Thursday, May 07, 2015 12:00 am http://www.apbankers.net/article/21183/amp-assets-under-management-rise-to-116b AMP's net cashflows for the quarter fell 6 per cent to $342 million, largely due to a $54 million surge in cash outflows in external platforms. Company Results MBSB Q1 net profit down 36% News Aggregation Team Thursday, May 07, 2015 12:00 am http://www.apbankers.net/article/21184/mbsb-q1-net-profit-down-36 Malaysia Building Society Bhd's net profit for its first quarter ended March 31, 2015 fell 36% to RM124.31mil from RM196.73mil a year ago Company Results Commonwealth Bank of Australia result marks end of seven-year bank rally News Aggregation Team Thursday, May 07, 2015 12:00 am http://www.apbankers.net/article/21188/commonwealth-bank-of-australia-result-marks-end-of-seven-year-bank-rally The latest one from Commonwealth Bank of Australia appears to spell the end of Australia's extraordinary seven-year rally in bank stocks Company Results