Managers of Wealth - Asia http://apbankers.net/ Mon, 19 Apr 2021 13:20:38 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Hywin Holdings Announces Two Wins at WealthBriefingAsia Greater China Awards 2021 News Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62801/hywin-holdings-announces-two-wins-at-wealthbriefingasia-greater-china-awards-2021 The award of “Best CEO in Greater China Wealth Management” honors a top executive that demonstrates outstanding leadership in the industry and champions impactful social causes. Wealth and Asset Management Franklin Templeton awards custody mandates News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62811/franklin-templeton-awards-custody-mandates "J.P. Morgan is uniquely positioned to support global asset managers in the Australian market, and we are delighted to expand our partnership with Franklin Templeton." Wealth and Asset Management Northern Trust to Launch eFX Pricing Engine in Singapore News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62781/northern-trust-to-launch-efx-pricing-engine-in-singapore Northern Trust also entered into a strategic partnership with currency management services provider Lumint Corporation. Wealth and Asset Management North America and Asia Dominate 2020 Wealth Growth News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62782/north-america-and-asia-dominate-2020-wealth-growth Total VHNW wealth mirrored population growth, rising by 1.2 percent to $26.8 trillion. Wealth and Asset Management Asian Wealth Stands Out For Scale And Growth News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62774/asian-wealth-stands-out-for-scale-and-growth The newly merged wealth unit – or Citi Global Wealth – will cover clients across the wealth spectrum from the emerging affluent to high net worth individuals. Wealth and Asset Management Change at the top of China rankings News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62779/change-at-the-top-of-china-rankings UBS Asset Management (UBS AM) loses first position in Broadridge’s China Power Ranking. Wealth and Asset Management Citigroup profit triples on reserve release, to exit some consumer unit News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62780/citigroup-profit-triples-on-reserve-release-to-exit-some-consumer-unit Net interest revenue, the difference between interest the bank earns and what it pays on deposits and borrowings, was US10.17 billion, down 12 per cent from a year earlier. Wealth and Asset Management The re-integration of wealth News Team Friday, April 09, 2021 1:00 am http://apbankers.net/article/62681/the-re-integration-of-wealth Providing a vertically integrated, end-to-end service offering is often seen as a way to help firms expand their proposition and gain a greater share of clients. Wealth and Asset Management Global Wealth and Lifestyle Report 2021: Key Findings News Team Friday, April 09, 2021 1:00 am http://apbankers.net/article/62695/global-wealth-and-lifestyle-report-2021-key-findings Julius Baer’s Global Wealth and Lifestyle Report 2021 explores the evolving world of high-end consumption. Wealth and Asset Management Wellington Management plans Asia expansion targeting growing wealth in China and wider region News Aggregation Team Tuesday, April 06, 2021 1:00 am http://apbankers.net/article/62615/wellington-management-plans-asia-expansion-targeting-growing-wealth-in-china-and-wider-region Privately held investment manager plans to increase headcount by 20 per cent in the region this year Wealth and Asset Management Nomura Adds Private Banking Duo News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62800/nomura-adds-private-banking-duo The hires are part of Nomura’s ongoing wealth expansion and goal to triple assets under management by March 2025. Executive Moves Standard Chartered to hire 400 staff in Hong Kong to tap growing demand for wealth management service News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62802/standard-chartered-to-hire-400-staff-in-hong-kong-to-tap-growing-demand-for-wealth-management-service Lender plans to spend HK$200 million (US$26 million) over three years to transform its branches in the city Executive Moves MLC Life makes key appointments News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62808/mlc-life-makes-key-appointments Ballie joins from TAL where he was head of actuarial (capital and investments) since 2015. Executive Moves Case appoints Lee Siow Hwee as new executive director News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62815/case-appoints-lee-siow-hwee-as-new-executive-director She also led several national assistance schemes such as the CDC Student Meals Scheme and the CDC Vouchers Scheme last year. Executive Moves Andrew Thorburn joins IIG News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62788/andrew-thorburn-joins-iig Thorburn and NAB chair Ken Henry resigned in early 2019 after the fallout from Royal Commission hearings. Executive Moves Citigroup to hire up to 500 people for Hong Kong wealth management as it trims consumer banking in 13 Europe, Asia markets News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62795/citigroup-to-hire-up-to-500-people-for-hong-kong-wealth-management-as-it-trims-consumer-banking-in-13-europe-asia-markets “Citi has a long history in Hong Kong and we are confident in our future here with a strategy to support and grow with our clients.” Executive Moves New lead for Mercer Sentinel News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62756/new-lead-for-mercer-sentinel He joined Mercer in 2015 as a transition program manager and went on to become a senior sentinel consultant. Executive Moves Citigroup Names New Head Global Wealth Management News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62757/citigroup-names-new-head-global-wealth-management The promotion comes as the bank also named new regional wealth-management heads. Executive Moves Citi research head jumps to MST News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62758/citi-research-head-jumps-to-mst MST launched just four years ago and now has 140 clients. Executive Moves ClearView adds advice growth role News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62759/clearview-adds-advice-growth-role Kardash said the appointment reflects the company's commitment to building a scalable financial advice business. Executive Moves Progress in the handling of banking complaints by HKMA News Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62797/progress-in-the-handling-of-banking-complaints-by-hkma As at end-March, the handling of 653 cases was in progress. Legal, Regulation & Compliance Hong Kong to introduce the long-awaited corporate rescue regime in 2021 News Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62798/hong-kong-to-introduce-the-long-awaited-corporate-rescue-regime-in-2021 The Bill addresses a number of shortfalls of the current regime highlighted in our previous client alert. Legal, Regulation & Compliance FSC proposes new advice model News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62807/fsc-proposes-new-advice-model The alternate model in line with the DDO will categorise advice into general information and personal advice. Legal, Regulation & Compliance CBIRC Calms Market Over Huarong Restructuring Fears News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62812/cbirc-calms-market-over-huarong-restructuring-fears The CBIRC has now said Huarong is actively cooperating with its auditor and will complete its annual report as soon as possible. Legal, Regulation & Compliance Taiwan’s FSC to unveil disclosure rules for new ESG funds News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62784/taiwanamprsquos-fsc-to-unveil-disclosure-rules-for-new-esg-funds The FSC will announce details of the new rules in July. Legal, Regulation & Compliance HKMA, SFC Consult on Annual Update to FSP List News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62789/hkma-sfc-consult-on-annual-update-to-fsp-list The FSP list includes entities that belong to G-SIB or large dealer groups; and are members of the largest CCPs offering clearing for interest rate swaps in the US, Europe, Japan and Hong Kong. Legal, Regulation & Compliance ASIC commences proceedings against credit licensee over failure to comply with AFCA determination News Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62793/asic-commences-proceedings-against-credit-licensee-over-failure-to-comply-with-afca-determination ASIC alleges Lightspeed failed to give effect to both AFCA determinations and that Mr Fitzpatrick was knowingly involved in these breaches. Legal, Regulation & Compliance RBNZ Establishes Standalone Enforcement Department News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62749/rbnz-establishes-standalone-enforcement-department The bank plays an important role in ensuring financial institutions remain sound and operate with appropriate conduct and culture, and we have a low-risk appetite for events that materially damage the financial system. Legal, Regulation & Compliance FSB Issues Guidance on Implementing SFT Data Standards News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62750/fsb-issues-guidance-on-implementing-sft-data-standards The FSB published policy recommendations to address financial stability risks in SFTs in August 2013. Legal, Regulation & Compliance New Zealand introduces climate change law for financial firms in world first News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62752/new-zealand-introduces-climate-change-law-for-financial-firms-in-world-first This law will bring climate risks and resilience into the heart of financial and business decision making. Legal, Regulation & Compliance SS&C Eze Named Digital Acceleration Grant Approved Vendor by Monetary Authority of Singapore News Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62799/ssampampc-eze-named-digital-acceleration-grant-approved-vendor-by-monetary-authority-of-singapore 35 million SGD of these funds were designated for strengthening the digitalization and operational efforts of these industries through the Digital Acceleration Grant FinTech Japanese QR Code gateway Netstars raises $60 million News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62783/japanese-qr-code-gateway-netstars-raises-60-million Netstars is benfitting from a resurgence of interest in QR codes as a touch-free means of payment during the pandemic. FinTech Asia strategy intact as digital push intensifies News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62792/asia-strategy-intact-as-digital-push-intensifies Deutsche Bank’s new global head of securities services, Paul Maley, shares his thoughts on building Asia and the promise of digital in disrupting the custody business in an exclusive interview with The Asset FinTech Mitsubishi UFJ Financial unveils wealth platform News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62773/mitsubishi-ufj-financial-unveils-wealth-platform Financial advisors at Private Banking Group of MUMSS will use the InvestCloud Wealth Platform to expand its client base of Japanese high-net-worth individuals FinTech Newest Feature, Accurate Online is Going to be the Solution for Manufacture Business in Indonesia News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62755/newest-feature-accurate-online-is-going-to-be-the-solution-for-manufacture-business-in-indonesia The way to use the Manufacturing Add-on is also exceptionally simple. FinTech Julius Baer Rolls Out Digital Advisor in Asia News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62769/julius-baer-rolls-out-digital-advisor-in-asia The platform will also blend machine learning algorithms, according to the bank – an upgrade from previous systems. FinTech Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premium News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62772/infosys-q4-results-consolidated-pat-falls-26-qoq-misses-estimate-firm-to-buy-back-shares-at-25-premium The company also announced a final dividend of Rs 15 per share. FinTech South Korea’s Shinhan Bank joins Hedera’s Council News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62778/south-koreaamprsquos-shinhan-bank-joins-hederaamprsquos-council Hedera is hoping that the high performance and low transaction fees on the network make it attractive for large scale payments. FinTech Standard Chartered partners FinTech BetterTradeOff to offer new online financial planning solution News Team Wednesday, April 14, 2021 1:00 am http://apbankers.net/article/62734/standard-chartered-partners-fintech-bettertradeoff-to-offer-new-online-financial-planning-solution The tool accounts for total household income, allowing clients to include loved ones in their financial plan and better take control of their finances, all at their fingertips. FinTech Korea Enhances Regulatory Sandbox Through Legislative Revisions News Aggregation Team Wednesday, April 14, 2021 1:00 am http://apbankers.net/article/62748/korea-enhances-regulatory-sandbox-through-legislative-revisions The sandbox programme allows businesses designated as ‘innovative financial service providers’ to enjoy regulatory exemptions for up to four years, to allow them to test their business ideas and technologies. FinTech Nippon Life India, Taiwan’s Cathay Securities explore cross-distribution News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62803/nippon-life-india-taiwanamprsquos-cathay-securities-explore-cross-distribution Cathay Securities CEO Andy Chang adds that his company is “excited” to provide Indian investors with access to Taiwan’s technology market, noting that the island is a global leader in chip research and design. Alternative Investments Singapore’s GIC in group investing US$234 million in Indonesia’s Bukalapak, report says News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62805/singaporeamprsquos-gic-in-group-investing-us234-million-in-indonesiaamprsquos-bukalapak-report-says This is GIC’s second technology investment since January, when it teamed up with Mubadala Investment Co., the sovereign wealth fund of the United Arab Emirates, to buy an unspecified stake in US software firm ThoughtWorks for $720 million. Alternative Investments Centuria to merge with Primewest News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62809/centuria-to-merge-with-primewest Centuria chair Garry Charny said the merger is consistent with Centuria's dual strategy of asset acquisitions and corporate M&A. Alternative Investments State Street the largest institutional manager News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62810/state-street-the-largest-institutional-manager The total local institutional FUM across investment managers was $2.2 trillion at December end across 164 managers. Alternative Investments Two Aussie CIOs on top 100 list News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62786/two-aussie-cios-on-top-100-list Brake was appointed Future Fund's chief investment officer after then-CIO Raphael Ardnt moved to chief executive role, following David Neal's departure for IFM Investors. Alternative Investments Reassuring ETF role during market downturn News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62790/reassuring-etf-role-during-market-downturn Contrary to claims that they exacerbated market movements, exchange traded funds provided stability and liquidity during last year’s market downturn, according to Milliman. Alternative Investments Indonesia mutual fund assets down in first quarter as bond yields rise, rupiah weakens News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62763/indonesia-mutual-fund-assets-down-in-first-quarter-as-bond-yields-rise-rupiah-weakens Capital protected funds, which are funds that guarantee investors their initial investment plus any capital gains, provided they are held for the full contractual term, were up 1.85% to 147.99 trillion rupiah. Alternative Investments Qatar Financial Centre Authority signs MoU with Labuan IBFC Inc enhancing News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62770/qatar-financial-centre-authority-signs-mou-with-labuan-ibfc-inc-enhancing Asia and MENA financial sector ties Alternative Investments Retail investment frenzy a boon for Asia-Pacific brokers News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62771/retail-investment-frenzy-a-boon-for-asia-pacific-brokers Trading volumes multiply as investor activism spreads to the region Alternative Investments Atlas Wealth launches mortgage brokerage News Aggregation Team Wednesday, April 14, 2021 1:00 am http://apbankers.net/article/62739/atlas-wealth-launches-mortgage-brokerage Atlas advises Australian clients who have migrated to over 25 countries and has some 30 lenders on its panel. Alternative Investments BoI approves B2.4bn in biotech incentives News Aggregation Team Tuesday, April 06, 2021 1:00 am http://apbankers.net/article/62631/boi-approves-b24bn-in-biotech-incentives Among them is Fruita Biomed Co, which received BoI approval for a project to produce Polyhydroxyalkanoate, or PHA, a bioplastic compound developed from organic waste. Tax Tax haven ranking shows countries setting global tax rules do most to help firms bend them News Team Thursday, April 01, 2021 1:00 am http://apbankers.net/article/62577/tax-haven-ranking-shows-countries-setting-global-tax-rules-do-most-to-help-firms-bend-them Leading economists and campaigners from around the world are calling for OECD tax rules to be superseded by a more robust and globally inclusive process at the United Nations Tax Tax agency launches probes into property-related tax evasion News Aggregation Team Thursday, April 01, 2021 1:00 am http://apbankers.net/article/62593/tax-agency-launches-probes-into-property-related-tax-evasion The LH scandal erupted in early March after two civic groups accused 14 LH officials of allegedly using insider information to buy farmland in two satellite cites south of Seoul between April 2018 and June 2020 Tax The Greens Want To Bring In A 6% Wealth Tax On Australian Billionaires News Aggregation Team Monday, March 29, 2021 1:00 am http://apbankers.net/article/62519/the-greens-want-to-bring-in-a-6-wealth-tax-on-australian-billionaires The wealth tax is one of several key policies the Greens are planning on taking to an election either this year or next under its Fight for the Future campaign. Tax Greens target super-rich with $40b billionaires’ wealth tax News Aggregation Team Sunday, March 28, 2021 12:00 am http://apbankers.net/article/62504/greens-target-super-rich-with-40b-billionairesamprsquo-wealth-tax The proposed billionaires’ tax would capture all the assets of a high net worth individual, including property, artwork, jewellery, cash on hand and shares Tax Tax agency launches probes into offshore tax evasion News Aggregation Team Friday, March 26, 2021 12:00 am http://apbankers.net/article/62480/tax-agency-launches-probes-into-offshore-tax-evasion The office suggested an alleged case of a local clothing firm owner hiding assets by establishing a family trust abroad. Tax LawFinance writes down goodwill and deferred tax assets News Team Friday, March 19, 2021 12:00 am http://apbankers.net/article/62363/lawfinance-writes-down-goodwill-and-deferred-tax-assets Directors are primarily responsible for the quality of an entity’s financial report. Tax Australia: Government to close down offshore banking regime News Team Friday, March 19, 2021 12:00 am http://apbankers.net/article/62366/australia-government-to-close-down-offshore-banking-regime The bill amends Australia’s Offshore Banking Unit (OBU) regime to remove the concessional tax treatment for OBUs Tax Malaysia: Highlights of corporate tax measures in enacted Finance Act 2020 News Team Monday, March 15, 2021 12:00 am http://apbankers.net/article/62246/malaysia-highlights-of-corporate-tax-measures-in-enacted-finance-act-2020 There were no material changes between the version of the bill that was passed in the House of Representatives on 16 November 2020 and the enacted version of the corresponding act. Tax Qatar, China sign protocol amending pact for avoidance of double taxation News Aggregation Team Monday, March 15, 2021 12:00 am http://apbankers.net/article/62255/qatar-china-sign-protocol-amending-pact-for-avoidance-of-double-taxation The signing ceremony was attended Qatar Airways Group Chief Executive, H E Akbar Al Baker. Tax Indian Millionaires Are Investing in Second Citizenship and Moving Abroad News Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62796/indian-millionaires-are-investing-in-second-citizenship-and-moving-abroad During the pandemic, forty Indians entered the billionaires' club to take the number of those in the coveted list to 177 people. Comment, Analysis & Research Tokyo can become a more competitive global financial centre, some observers say News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62785/tokyo-can-become-a-more-competitive-global-financial-centre-some-observers-say “Finance is no longer just for greedy bankers. It is a growth strategy. Japan is very much in need for a strategy that promotes jobs that are high paying and high impact, and help allocate the vast savings pool of Japan into better and higher return Comment, Analysis & Research CFOs in Global Survey Reveal Pandemic Has Fundamentally Altered How They Hire and Manage Their Workforce News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62751/cfos-in-global-survey-reveal-pandemic-has-fundamentally-altered-how-they-hire-and-manage-their-workforce Sixty-five percent of Asia-Pacific respondents indicated that they expect to exceed goals and expectations for 2021, compared to 46% for UK and 47% for North America Comment, Analysis & Research PH banks facing solvency distress as COVID lingers News Aggregation Team Tuesday, April 13, 2021 1:00 am http://apbankers.net/article/62706/ph-banks-facing-solvency-distress-as-covid-lingers The IMF said the economy was showing signs of recovery and that macroeconomic fundamentals at the onset of the COVID-19 were stronger than in the late 1990s. Comment, Analysis & Research HNWs change views on advice News Aggregation Team Tuesday, April 13, 2021 1:00 am http://apbankers.net/article/62722/hnws-change-views-on-advice More than half of HNWs, 56%, are now open to receiving advice while 12 months ago only 40% were. Comment, Analysis & Research 7% growth in global reinsurance capital, with signs of underlying combined ratio improvement: Willis Re News Team Tuesday, April 13, 2021 1:00 am http://apbankers.net/article/62724/7-growth-in-global-reinsurance-capital-with-signs-of-underlying-combined-ratio-improvement-willis-re Willis Re’s Reinsurance Market Report tracks the capital and profitability of the global reinsurance industry. Comment, Analysis & Research Time for Value as Growth and Inflation Arrives News Team Monday, April 12, 2021 1:00 am http://apbankers.net/article/62703/time-for-value-as-growth-and-inflation-arrives The other key data point of the week is the US inflation data. Comment, Analysis & Research Campden Family Connect Completes Five Years in India News Team Monday, April 12, 2021 1:00 am http://apbankers.net/article/62720/campden-family-connect-completes-five-years-in-india Campden Club in India has a membership base of over 100+ business family members, with each family having a net worth of over Rs. 250 crore. Comment, Analysis & Research What's next for Open Banking? News Team Thursday, April 08, 2021 1:00 am http://apbankers.net/article/62663/whatamp039s-next-for-open-banking This creates big opportunities to make banking better, in particular, tailored, personalized solutions for every area of money management. Comment, Analysis & Research HSBC: Without quicker mass vaccination, PH economic outlook is dim News Aggregation Team Thursday, April 08, 2021 1:00 am http://apbankers.net/article/62667/hsbc-without-quicker-mass-vaccination-ph-economic-outlook-is-dim The country remained under the longest and most stringent quarantine in the region as COVID-19 cases continued to surge. Comment, Analysis & Research Citi to exit consumer banking in Australia News Aggregation Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62787/citi-to-exit-consumer-banking-in-australia "As a result of the ongoing refresh of our strategy, we have decided that we are going to double down on wealth," Retail Banking HSBC Shifts Top Execs to Hong Kong News Aggregation Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62764/hsbc-shifts-top-execs-to-hong-kong The bank is undergoing restructuring to further focus its resources on growth opportunities in the region. Retail Banking Bad debt of China's banks mounts by 22 pc News Aggregation Team Tuesday, April 13, 2021 1:00 am http://apbankers.net/article/62707/bad-debt-of-chinaamp039s-banks-mounts-by-22-pc The nonperforming debt stems mainly from the manufacturing, wholesale, retail and service sectors Retail Banking Citi Asia Pacific Wins Best Bank and Digital Bank of the Year from The Asset Magazine News Team Thursday, April 08, 2021 1:00 am http://apbankers.net/article/62669/citi-asia-pacific-wins-best-bank-and-digital-bank-of-the-year-from-the-asset-magazine These awards represent exceptional recognition of our team's focus on delivering solutions across Asia Pacific through a time of challenge. Retail Banking Australians choose to shop local and smart News Team Thursday, April 08, 2021 1:00 am http://apbankers.net/article/62680/australians-choose-to-shop-local-and-smart New research from CommBank Rewards shows more than eight in ten Australians intend to shop locally in future. Retail Banking Philippine local currency bond market grows almost 30% in 2020, ADB says News Aggregation Team Wednesday, March 31, 2021 1:00 am http://apbankers.net/article/62543/philippine-local-currency-bond-market-grows-almost-30-in-2020-adb-says The Philippines’ government introduced 1.3 trillion pesos of stimulus to stem economic fallout from the pandemic. Retail Banking CBA backs Australian hospitality recovery News Team Monday, March 29, 2021 1:00 am http://apbankers.net/article/62527/cba-backs-australian-hospitality-recovery The recovery in Australia’s hospitality industry is picking up as consumers steadily increase spending. Retail Banking PBoC Eyes Payment Stability Through SWIFT JV News Aggregation Team Friday, March 26, 2021 12:00 am http://apbankers.net/article/62476/pboc-eyes-payment-stability-through-swift-jv Interestingly, the PBoC’s decision contrasts with a Bank of China International report last year which urged against reliance on SWIFT due to political risks in favor of CIPS which is now a shareholder of the new joint venture. Retail Banking SocGen Pares Down Hong Kong Office Space News Aggregation Team Friday, March 26, 2021 12:00 am http://apbankers.net/article/62490/socgen-pares-down-hong-kong-office-space Societe Generale is the latest global bank to cut office space in Hong Kong, which faces political uncertainty in addition to the ongoing pandemic. Retail Banking Westpac reviewing New Zealand Business News Team Thursday, March 25, 2021 12:00 am http://apbankers.net/article/62455/westpac-reviewing-new-zealand-business Westpac is also assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders. Retail Banking Deutsche Bank Builds World EM FX Trading Engine in Singapore News Aggregation Team Monday, April 19, 2021 1:00 am http://apbankers.net/article/62814/deutsche-bank-builds-world-em-fx-trading-engine-in-singapore Upgrade in Asia will replace current hardware in London Investment Bank Glitch-plagued Mizuho to decline reins of key Japan banking lobby News Aggregation Team Wednesday, April 14, 2021 1:00 am http://apbankers.net/article/62746/glitch-plagued-mizuho-to-decline-reins-of-key-japan-banking-lobby CEO Sakai has delayed handover over recent ATM outages Investment Bank HSBC and Asian Development Bank join forces in $300 million vaccine financing News Aggregation Team Friday, April 09, 2021 1:00 am http://apbankers.net/article/62690/hsbc-and-asian-development-bank-join-forces-in-300-million-vaccine-financing Vaccination levels in Asian countries have varied widely as governments deal with limited supplies, rapidly rising demand and political jockeying to secure doses. Investment Bank World’s Best Investment Banks 2021: M&A News Aggregation Team Tuesday, April 06, 2021 1:00 am http://apbankers.net/article/62638/worldamprsquos-best-investment-banks-2021-mampampa Last spring’s seize-up in the global M&A market eased as companies rethought their business plans and sought a leaner profile. Investment Bank Deutsche Bank : Bankers say all aboard for great Asia SPAC merger lift-off News Aggregation Team Thursday, April 01, 2021 1:00 am http://apbankers.net/article/62592/deutsche-bank-bankers-say-all-aboard-for-great-asia-spac-merger-lift-off "These blank check companies (SPACs) have become a new dynamic force and potential merger partner for some of Asia's most innovative companies," Investment Bank Bank of East Asia to ride on AIA dominance in China after divesting insurance assets in partial victory for Paul Singer’s hedge fund News Aggregation Team Monday, March 29, 2021 1:00 am http://apbankers.net/article/62507/bank-of-east-asia-to-ride-on-aia-dominance-in-china-after-divesting-insurance-assets-in-partial-victory-for-paul-singeramprsquos-hedge-fund The proposed BEA-AIA alliance will compete with home rivals like HSBC and Standard Chartered in tapping Greater Bay Area potentials Investment Bank Citigroup to hire up to 1,700 people as it expands operations in Hong Kong with an eye on Greater Bay Area opportunities News Aggregation Team Sunday, March 28, 2021 12:00 am http://apbankers.net/article/62506/citigroup-to-hire-up-to-1700-people-as-it-expands-operations-in-hong-kong-with-an-eye-on-greater-bay-area-opportunities American bank plans to increase its technology spending, hiring as it seeks to capitalise on rising wealth in Greater Bay Area Investment Bank CIMB Singapore laying off staff, closing Orchard Road branch as part of restructuring News Aggregation Team Friday, March 26, 2021 12:00 am http://apbankers.net/article/62478/cimb-singapore-laying-off-staff-closing-orchard-road-branch-as-part-of-restructuring "These will make us more resilient, more productive and better positioned for growth going forward." Investment Bank Singapore Investment Banking Rebounds in Q1 News Aggregation Team Thursday, March 25, 2021 12:00 am http://apbankers.net/article/62448/singapore-investment-banking-rebounds-in-q1 ECM underwriting fees fell 42.6 percent from the same period last year to $17.1 million, while syndicated lending fees increased 51.5 percent year-on-year to $47.2 million. Investment Bank Malaysia’s Kenanga obtains digital investment licence News Aggregation Team Thursday, March 25, 2021 12:00 am http://apbankers.net/article/62454/malaysiaamprsquos-kenanga-obtains-digital-investment-licence Following its acquisition of an ETF manager. Investment Bank Macquarie joins Japan Climate Leaders’ Partnership News Team Friday, April 16, 2021 1:00 am http://apbankers.net/article/62794/macquarie-joins-japan-climate-leadersamprsquo-partnership Japan Climate Leaders’ Partnership (JCLP) is a coalition of corporations whose aim is to create a sustainable net zero society. Environment and Sustainable Investments Willis Towers Watson commits its delegated investment portfolios to net zero News Team Thursday, April 15, 2021 1:00 am http://apbankers.net/article/62776/willis-towers-watson-commits-its-delegated-investment-portfolios-to-net-zero Measurement of our progress and that of the whole investment industry towards stewarding the transition to a net zero and climate-resilient economy is an important issue. Environment and Sustainable Investments AIIB and EBRD sign pact to harmonize policies News Aggregation Team Wednesday, April 14, 2021 1:00 am http://apbankers.net/article/62743/aiib-and-ebrd-sign-pact-to-harmonize-policies Agreement aimed at facilitating co-financed investment projects and their implementation Environment and Sustainable Investments Include ESG in BFID: FSC News Aggregation Team Tuesday, April 13, 2021 1:00 am http://apbankers.net/article/62730/include-esg-in-bfid-fsc According to Rainmaker Information, 36 superannuation funds offer ESG investment options. There are 171 such investment options with an estimated FUM on $160 billion. Environment and Sustainable Investments BNP Paribas, Shin & Kim holds ESG financing webinar News Aggregation Team Monday, April 12, 2021 1:00 am http://apbankers.net/article/62697/bnp-paribas-shin-ampamp-kim-holds-esg-financing-webinar The European Parliament, for instance, proposed legislation that obligates companies to conduct environmental and human rights due diligence. Environment and Sustainable Investments Asian companies are catching up on sustainable practices, says Singapore Exchange News Aggregation Team Monday, April 12, 2021 1:00 am http://apbankers.net/article/62718/asian-companies-are-catching-up-on-sustainable-practices-says-singapore-exchange Companies in Asia are catching up with their Western peers in adopting environment, social and governance (ESG) practices, said Loh Boon Chye, CEO of the Singapore Exchange. Environment and Sustainable Investments UOB prices Singapore’s first sustainability bond News Aggregation Team Friday, April 09, 2021 1:00 am http://apbankers.net/article/62683/uob-prices-singaporeamprsquos-first-sustainability-bond The offering is the maiden dual-tranche senior and tier 2 instrument in sustainability format globally from a bank issuer Environment and Sustainable Investments BlackRock raises US$4.8 billion for renewable power fund News Aggregation Team Friday, April 09, 2021 1:00 am http://apbankers.net/article/62684/blackrock-raises-us48-billion-for-renewable-power-fund GRP III invests in global climate infrastructure assets across Americas, Europe and Asia Environment and Sustainable Investments China’s green investing trend spurs new Sino-Securities ESG indexes News Aggregation Team Wednesday, April 07, 2021 1:00 am http://apbankers.net/article/62654/chinaamprsquos-green-investing-trend-spurs-new-sino-securities-esg-indexes Chinese investors have been allocating more to green-themed funds since Beijing outlined a number of initiatives to facilitate green energy and climate change-related developments. Environment and Sustainable Investments Asia G3 bond issuance hits record high News Aggregation Team Tuesday, April 06, 2021 1:00 am http://apbankers.net/article/62624/asia-g3-bond-issuance-hits-record-high The level of activity also demonstrated a recovery in March with the total offering reaching US$27.47 billion, up 72.5% from US$15.92 billion in the corresponding period of 2020. Environment and Sustainable Investments Covid-19: Labuan moving towards green zone, says health director News Aggregation Team Monday, March 01, 2021 12:00 am http://apbankers.net/article/62010/covid-19-labuan-moving-towards-green-zone-says-health-director Labuan had recorded 27 cases as of March last year and since then the number had been rising until it peaked after the Sabah state election in September last year. Covid-19 Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://apbankers.net/article/61350/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Takaful Malaysia's Successful Response to the Pandemic News Aggregation Team Friday, January 15, 2021 12:00 am http://apbankers.net/article/61146/takaful-malaysiaamp039s-successful-response-to-the-pandemic Wong stated that Takaful Malaysia had the capability to allow remote access with a caveat. Covid-19 Ten Ways Covid-19 Has Changed the World Economy Forever News Aggregation Team Thursday, December 31, 2020 12:00 am http://apbankers.net/article/60836/ten-ways-covid-19-has-changed-the-world-economy-forever Big government staged a comeback as the social contract between society and the state got rewritten on the fly. Covid-19 Bosses in S'pore unlikely to mandate Covid-19 vaccination for staff: Experts News Aggregation Team Wednesday, December 30, 2020 12:00 am http://apbankers.net/article/60812/bosses-in-samp039pore-unlikely-to-mandate-covid-19-vaccination-for-staff-experts Medical experts, human resource practitioners and business associations The Straits Times approached said employers in Singapore are unlikely to enforce the Covid-19 vaccine on their workforce. Covid-19 Islamic Finance After COVID-19 News Aggregation Team Wednesday, December 30, 2020 12:00 am http://apbankers.net/article/60823/islamic-finance-after-covid-19 Islamic finance took a hit in 2020 but is preparing for the next surge of growth through innovation, standardization, and M&A activity. Covid-19 S.Korean financiers pick prolonged COVID-19 pandemic as biggest financial risk News Aggregation Team Monday, December 14, 2020 12:00 am http://apbankers.net/article/60555/skorean-financiers-pick-prolonged-covid-19-pandemic-as-biggest-financial-risk The financiers saw a lower possibility for financial crisis to happen in the short and medium terms. Covid-19 COVID-19 accelerates REIT shift News Aggregation Team Wednesday, December 09, 2020 12:00 am http://apbankers.net/article/60431/covid-19-accelerates-reit-shift “In line with this, we believe the office sector will experience a bifurcation between heavily disrupted sky rise office towers, in favour of modern “A” grade city fringe and suburban office buildings.” Covid-19 Oil prices stumble as coronavirus resurgence forces more lockdowns News Aggregation Team Monday, December 07, 2020 12:00 am http://apbankers.net/article/60380/oil-prices-stumble-as-coronavirus-resurgence-forces-more-lockdowns “COVID restrictive measures and lockdowns across the globe seem poised to keep crude prices heavy in the short term.” Covid-19 Hong Kong startup scene remains healthy amid Covid-19 News Aggregation Team Friday, December 04, 2020 12:00 am http://apbankers.net/article/60353/hong-kong-startup-scene-remains-healthy-amid-covid-19 Funding for tech entrepreneurs still robust compared to pre-pandemic levels Covid-19