Managers of Wealth - Asia http://apbankers.net/ Sat, 22 Feb 2020 13:05:28 GMT part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP HSBC targets the globally mobile with US$1.4t wealth business News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54352/hsbc-targets-the-globally-mobile-with-us14t-wealth-business HSBC will also target wealthier customers who travel or invest often overseas in more than 10 markets such as China where its share is smaller. Wealth and Asset Management HSBC’s Newly Merged Wealth Unit «Hopefully Scary for Competitors» News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54369/hsbcamprsquos-newly-merged-wealth-unit-amplaquohopefully-scary-for-competitorsampraquo In addition, HSBC will also target more than 10 markets for wealthier clients that frequently travel or invest overseas such as China where its market share is smaller. Wealth and Asset Management HSBC blinked while Asian lenders kept their eyes on the prize News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54332/hsbc-blinked-while-asian-lenders-kept-their-eyes-on-the-prize While the world's global bank ramped up its self-analysis, Singaporean, Swiss and even a Liechtenstein-based bank grabbed wealth management businesses across Asia. Wealth and Asset Management New StanChart hub for affluent clients News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54300/new-stanchart-hub-for-affluent-clients The centre has been set up for high-net-worth individuals with at least $1.5 million in assets under management with the bank. Wealth and Asset Management HSBC to cut 35000 jobs worldwide as profits plunge News Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54302/hsbc-to-cut-35000-jobs-worldwide-as-profits-plunge Alongside the publication of our full-year results, we today update you on our plans to improve the Group’s returns by 2022 to allow us to meet our growth ambition and sustain our current dividend policy. Wealth and Asset Management AMP wealth earnings halve as investors flee News Aggregation Team Friday, February 14, 2020 12:00 am http://apbankers.net/article/54238/amp-wealth-earnings-halve-as-investors-flee AMP reported a full-year net loss of $2.5 billion, with underlying profit of $464 million Wealth and Asset Management Temasek invests in FNZ News Team Tuesday, February 11, 2020 12:00 am http://apbankers.net/article/54169/temasek-invests-in-fnz This was the first investment from the CDPQ-Generation partnership, who came together to make large-scale, long-term sustainable investments. Wealth and Asset Management Reshaping wealth management - Five big trends for 2020 News Team Friday, February 07, 2020 12:00 am http://apbankers.net/article/54110/reshaping-wealth-management-five-big-trends-for-2020 Transparency might be seen as an industry reaction to the global financial crisis. Wealth and Asset Management Private Banking and Wealth Management Survey 2020 News Team Friday, February 07, 2020 12:00 am http://apbankers.net/article/54111/private-banking-and-wealth-management-survey-2020 UBS Global Wealth Management retains the top spot; JPMorgan is a standout, too. Wealth and Asset Management Goldman Is Poised to Enter Japan Wealth Management Business News Aggregation Team Thursday, February 06, 2020 12:00 am http://apbankers.net/article/54086/goldman-is-poised-to-enter-japan-wealth-management-business Still, Japan has been a tough market for foreign banks, with HSBC Holdings Plc and Citigroup Inc. among those to have withdrawn from the business of serving affluent Japanese in recent years. Wealth and Asset Management SingAlliance Hires Senior BNP Paribas Exec News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54361/singalliance-hires-senior-bnp-paribas-exec In his new role, Cardyn will help ultra-high net worth clients structure their wealth, the firm announced in a LinkedIn post on Wednesday. Executive Moves Midwinter expands advice software business News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54363/midwinter-expands-advice-software-business He will be focused on developing new business opportunities as well as supporting existing clients. Executive Moves J Safra Sarasin names new Asia CEO News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54370/j-safra-sarasin-names-new-asia-ceo The wealth manager has hired BNP Paribas Wealth Management’s former co-CEO. Executive Moves MyState confirms CFO appointment News Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54329/mystate-confirms-cfo-appointment He has also held senior positions with Colonial First State Group, Portfolio Partners and Commonwealth Bank. Executive Moves Axa Names Asia Chief Strategy and Customer Officer News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54335/axa-names-asia-chief-strategy-and-customer-officer Previously, he had also worked for Cigna, Standard Chartered and McKinsey & Company. Executive Moves Ellerston LIC chair resigns News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54341/ellerston-lic-chair-resigns "We wanted symmetry in the board composition. Ashok will be a manager for the LICs but will not be involved with them at a board level," Ellerston Capital company secretary Ian Kelly told Financial Standard. Executive Moves Zurich appoints distribution team News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54343/zurich-appoints-distribution-team Zurich has also made a raft of appointments to its national sales team Executive Moves Jupai Announces Appointment of New Auditor News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54311/jupai-announces-appointment-of-new-auditor Jupai’s personalised client service and broad range of third-party and self-developed products have allowed it to maintain extensive and targeted coverage of China's high-net-worth population. Executive Moves J.P. Morgan Announces Three Senior Appointments In Asia News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54317/jp-morgan-announces-three-senior-appointments-in-asia Based in Singapore, he will drive the firm’s core cash management strategy including global clearing, receivables, payables, and foreign exchange. Executive Moves BIS appoints Innovation Hub heads in Singapore and Switzerland News Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54325/bis-appoints-innovation-hub-heads-in-singapore-and-switzerland Both will start their new roles in April for three-year terms. Executive Moves GFSC signs MoUs with two financial services regulators News Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54349/gfsc-signs-mous-with-two-financial-services-regulators The MoU with the Croatian Financial Services Supervisory Agency has been signed in the spirit of mutual cooperation and information exchange Legal, Regulation & Compliance E-commerce sites to be digital banking battlefield: S&P report News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54353/e-commerce-sites-to-be-digital-banking-battlefield-sampampp-report It noted that Sea Ltd's Shopee and Alibaba Group Holding-owned Lazada South East Asia dominate the e-commerce industry in Southeast Asia, and they are engaging shoppers and merchants through digital payments and lending to shore up activity on their Legal, Regulation & Compliance Basel IV to Impact APAC Banks Unevenly: Moody’s News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54356/basel-iv-to-impact-apac-banks-unevenly-moodyamprsquos Asia Pacific banking systems are divided into heavy and light adopters of the IRB approach. Legal, Regulation & Compliance UAE regulator to investigate Pakistan bank for money laundering News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54362/uae-regulator-to-investigate-pakistan-bank-for-money-laundering The Central Bank of UAE said in a statement on Wednesday that it was in “close contact” with Pakistan’s banking regulator to verify reported irregularities of a Pakistani bank in UAE. Legal, Regulation & Compliance Harneys wins three Deal of the Year Awards from China Business Law Journal News Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54323/harneys-wins-three-deal-of-the-year-awards-from-china-business-law-journal Harneys’ Asia practice is known as one of the most dynamic and fastest growing offshore legal teams in the region. Legal, Regulation & Compliance Fraudulent websites related to Bank of China (Hong Kong) Limited News Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54336/fraudulent-websites-related-to-bank-of-china-hong-kong-limited Anyone who has provided his or her personal information to the email concerned or has conducted any financial transactions through the email should contact the bank Legal, Regulation & Compliance How Malaysia’s 1MDB Scandal Shook the Financial World News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54345/how-malaysiaamprsquos-1mdb-scandal-shook-the-financial-world Malaysia has also filed criminal charges against the U.S. bank and more than a dozen current and former employees. Legal, Regulation & Compliance US alts firm sets up Beijing WFOE News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54347/us-alts-firm-sets-up-beijing-wfoe Other alternative asset managers have also established their presence in China. Legal, Regulation & Compliance Zenith enters superannuation News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54298/zenith-enters-superannuation The combined business will employ more than 70 staff and have an office location in both Sydney and Melbourne. Legal, Regulation & Compliance People’s Bank of China Fines Three FIs, 24 Officers for AML Compliance Failures News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54303/peopleamprsquos-bank-of-china-fines-three-fis-24-officers-for-aml-compliance-failures Huatai Securities was fined CNY 10.1 million, while four of its officers were fined amounts between CNY 35,000 and 45,000. Legal, Regulation & Compliance NICE Actimize to support TONIK’s digital banking platform launch News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54351/nice-actimize-to-support-tonikamprsquos-digital-banking-platform-launch It provides retail financial products including deposits, loans, current accounts, payments, and cards on a secure digital banking platform. FinTech Citi Joins Trade Finance Network News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54358/citi-joins-trade-finance-network The network is currently in the beta phase, but Contour — established in Singapore by FinTech consortium R3 — is moving into full commercialization after two years of successful pilots in 14 countries. FinTech Fintech investment in Singapore more than doubled in 2019: Accenture News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54360/fintech-investment-in-singapore-more-than-doubled-in-2019-accenture About 39 per cent of the total funds raised went into payments startups, while insurtechs raked in 25 per cent of the investments. FinTech Iress unveils 2019 financial results News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54367/iress-unveils-2019-financial-results Iress remains well-placed for continued success in financial services technology, where we see strong demand for our software across a broad range of clients. FinTech How artificial intelligence is impacting Southeast Asia's biggest players News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54339/how-artificial-intelligence-is-impacting-southeast-asiaamp039s-biggest-players AI-driven analytics are powering transformative changes in this area. FinTech Interactive Brokers: Boosting its Penetration of Asia’s Vibrant Wealth Management Market âÄčâÄčâÄčâÄčâÄčâÄčâÄč News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54340/interactive-brokers-boosting-its-penetration-of-asiaamprsquos-vibrant-wealth-management-market-acircacircacircacircacircacircacirc Interactive Brokers Group Inc, which trades as IBKR on Nasdaq, is one of the world’s most established electronic trading brokerage platforms FinTech ASEAN Exchanges selects Refinitiv’s digital solutions to power investors News Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54301/asean-exchanges-selects-refinitivamprsquos-digital-solutions-to-power-investors One-stop shop of real time financial market data, news, information and tools to give equity investors a competitive edge and promote growth in the ASEAN region FinTech Intertrust opens new office in New Zealand News Aggregation Team Thursday, February 13, 2020 12:00 am http://apbankers.net/article/54214/intertrust-opens-new-office-in-new-zealand Corporate secretarial and funds support teams for New Zealand clients will initially be based out of Sydney FinTech Standard Chartered forms online payments joint venture News Aggregation Team Thursday, February 13, 2020 12:00 am http://apbankers.net/article/54215/standard-chartered-forms-online-payments-joint-venture Assembly Payments is one of Australia’s fastest-growing fintech businesses. FinTech S'pore's Tolaram to grow Africa presence with digital banking News Aggregation Team Wednesday, February 12, 2020 12:00 am http://apbankers.net/article/54182/samp039poreamp039s-tolaram-to-grow-africa-presence-with-digital-banking 'Noodle king' there will use systems, learning, tech from its bank in Indonesia as a blueprint FinTech Great Eastern and Generali in the race for AXA-Affin insurer News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54354/great-eastern-and-generali-in-the-race-for-axa-affin-insurer AXA Affin Life, set up in 2006, is 51% owned by Affin and 49% owned by Axa. Alternative Investments US wealth management group acquires Australian firm News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54355/us-wealth-management-group-acquires-australian-firm Deal will expand the business’ international presence Alternative Investments Jupiter to acquire Merian Global Investors News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54308/jupiter-to-acquire-merian-global-investors Buyers expect overlap in UK, European and Asian equities. Alternative Investments Manulife Hong Kong launches Manulife Supreme News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54312/manulife-hong-kong-launches-manulife-supreme As an advanced VHIS flexi plan that adds to the two VHIS plans launched by Manulife last year, Manulife Supreme is designed to gives customers prompt access to high-quality medical care whenever they need it. Alternative Investments Malaysia’s Tabung Haji sells property assets to government for 19.9 billion ringgit News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54333/malaysiaamprsquos-tabung-haji-sells-property-assets-to-government-for-199-billion-ringgit Urusharta Jamaah will buy non-performing assets from the fund at the original value to ensure the continuity of the fund’s operations. Alternative Investments MUFG Bank to invest over $700m in Singapore's Grab News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54338/mufg-bank-to-invest-over-700m-in-singaporeamp039s-grab Ride-hailing unicorn will offer development skills and data for 'super app' Alternative Investments OneVue recoups $4.36m from Sargon News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54342/onevue-recoups-436m-from-sargon OneVue's receivers PwC have appointed Bob Neill of Seaview Consulting Pty to look for potential buyers for Madison. Alternative Investments Korean asset owners seen to up exposure to riskier assets in hunt for yield News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54305/korean-asset-owners-seen-to-up-exposure-to-riskier-assets-in-hunt-for-yield Korean asset owners are allocating more of their portfolio to riskier assets, either through domestic equity, global fixed income and alternative investment Alternative Investments Global insurance M&A hits four-year high in 2019, report says News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54306/global-insurance-mampampa-hits-four-year-high-in-2019-report-says Globally, deals are expected to be maintained at the recent trend level at just under 200 in the first half of 2020 Alternative Investments Russell Investments readies onshore funds in China News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54307/russell-investments-readies-onshore-funds-in-china The US firm had a joint venture with Ping An, which ended in 2015. Alternative Investments Global tax reform could raise as much as $100B, OECD says News Team Friday, February 14, 2020 12:00 am http://apbankers.net/article/54252/global-tax-reform-could-raise-as-much-as-100b-oecd-says The analysis shows that Pillar Two could raise a significant amount of additional tax revenues. Tax Reuters, KPMG Team For Aussie Business Taxes News Aggregation Team Monday, February 10, 2020 12:00 am http://apbankers.net/article/54132/reuters-kpmg-team-for-aussie-business-taxes KPMG’s Employment Tax Advisory group offers employment tax services to help clients manage compliance risks and reduce costs. Tax Indonesia plans to overhaul tax rules to attract investors News Aggregation Team Thursday, February 06, 2020 12:00 am http://apbankers.net/article/54088/indonesia-plans-to-overhaul-tax-rules-to-attract-investors The Indonesian government has submitted a sweeping tax bill to parliament that proposes corporate tax cuts and seeks to make internet giants pay more taxes Tax Japan stakes out position in OECD-led international tax negotiations News Aggregation Team Friday, January 31, 2020 12:00 am http://apbankers.net/article/53985/japan-stakes-out-position-in-oecd-led-international-tax-negotiations It is, therefore, important to find a solution based on an international agreement without delay. Tax FDIs seen exceeding $10 billion if CITIRA passed News Aggregation Team Monday, January 27, 2020 12:00 am http://apbankers.net/article/53913/fdis-seen-exceeding-10-billion-if-citira-passed For this year, the central bank sees net FDI inflows recovering to $8.8 billion. Tax Australian clients to get 'scary' letters in tax crackdown on multinational News Aggregation Team Friday, January 24, 2020 12:00 am http://apbankers.net/article/53891/australian-clients-to-get-amp039scaryamp039-letters-in-tax-crackdown-on-multinational Clients of unnamed firm urged to cooperate with investigation spanning five countries Tax Dummy unit ‘involved in tax fraud’ unearthed News Aggregation Team Thursday, December 26, 2019 12:00 am http://apbankers.net/article/53332/dummy-unit-amplsquoinvolved-in-tax-fraudamprsquo-unearthed Further investigations are under way. Tax KPMG records double digit growth in MESA News Aggregation Team Tuesday, December 24, 2019 12:00 am http://apbankers.net/article/53311/kpmg-records-double-digit-growth-in-mesa "A strong emphasis is placed on the pillars of trust and quality which we foresee as pivotal, and also in embedding technology into all core functions.” Tax Have anti-government protests cooked Hong Kong's financial goose? News Aggregation Team Monday, December 23, 2019 12:00 am http://apbankers.net/article/53299/have-anti-government-protests-cooked-hong-kongamp039s-financial-goose As anti-government street protests spread through this city of 7.5 million people since June, the financial planning services his company offered were clearly not a priority for residents. Tax Hong Kong takes aim at middlemen in wake of Panama Papers scandal News Aggregation Team Monday, December 16, 2019 12:00 am http://apbankers.net/article/53176/hong-kong-takes-aim-at-middlemen-in-wake-of-panama-papers-scandal They have many legitimate purposes but can also be used to hide assets and evade taxes. Tax Bravura Solutions announces half-year results News Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54350/bravura-solutions-announces-half-year-results Midwinter and FinoComp were acquired during the period and are performing as expected with strong sales pipelines. Comment, Analysis & Research Japan is slowly closing the gap on ESG reform News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54365/japan-is-slowly-closing-the-gap-on-esg-reform The research reveals Japanese companies rank similarly to those from Europe in terms of social and environmental practices. Comment, Analysis & Research Singapore, Italian insurers eye Malaysia’s AXA Affin, report says News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54330/singapore-italian-insurers-eye-malaysiaamprsquos-axa-affin-report-says It says AXA and Affin Bank have been exploring options for the joint ventures and are seeking around US$500 million for the general insurance firm, and about $150 million for the life insurer. Comment, Analysis & Research Singapore Asset Manager to Solely Focus on China News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54334/singapore-asset-manager-to-solely-focus-on-china APS has already made managerial changes to allow founder and chief investment officer Wong Kok Hoi to focus more time on investments specifically within China Comment, Analysis & Research Financial Secrecy Index 2020 reports progress on global transparency – but backsliding from US, Cayman and UK prompts call for sanctions News Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54337/financial-secrecy-index-2020-reports-progress-on-global-transparency-ampndash-but-backsliding-from-us-cayman-and-uk-prompts-call-for-sanctions The sixth edition of the biennial Financial Secrecy Index sees Switzerland reduce its ranking to the third biggest enabler of financial secrecy in the world. Comment, Analysis & Research Clients ‘at ease’ despite coronavirus, Indosuez says News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54348/clients-amplsquoat-easeamprsquo-despite-coronavirus-indosuez-says The firm believes that companies in the healthcare and online sectors will remain resilient. Comment, Analysis & Research Coronavirus Outbreak Creates Hiring Window For Foreign Banks News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54318/coronavirus-outbreak-creates-hiring-window-for-foreign-banks The timing couldn’t be worse as the second-largest economy kicked off the year with a deadly coronavirus outbreak that has locally infected over 72,000 individuals and claimed the lives of 1,868. Comment, Analysis & Research DBS’ Lee Woon Shiu on the Art of Curating the Best Solutions for Asia’s HNWI Clients News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54321/dbsamprsquo-lee-woon-shiu-on-the-art-of-curating-the-best-solutions-for-asiaamprsquos-hnwi-clients Lee presides over a team of 45 in Singapore and Hong Kong which covers the family office offering, wealth planning, insurance solutions and the in-house trust business for DBS’ private bank operations. Comment, Analysis & Research Axa keeps faith in Asia growth News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54324/axa-keeps-faith-in-asia-growth The structural trends that are driving the region’s economic growth and markets remain intact, and will overcome current fears, according to Axa Investment Managers. Comment, Analysis & Research Wealthy clients in Asia still ‘actively involved’ in the markets, not deterred by coronavirus outbreak, private bank says News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54326/wealthy-clients-in-asia-still-amplsquoactively-involvedamprsquo-in-the-markets-not-deterred-by-coronavirus-outbreak-private-bank-says Activity by Union Bancaire Privee’s clients in Asia was ‘very strong’ to end 2019 and continued with a similar intensity in January, Asia CEO says Comment, Analysis & Research CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54359/cimb-bank-singapore-introduces-virtual-account-with-distinct-benefits-for-corporates Banking need not be so complicated in today’s environment, and we intend to provide financial services and solutions for a better banking experience,” Retail Banking OCBC expects 2% dip in 2020 revenue on virus impact; ups dividend on higher Q4 profit News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54364/ocbc-expects-2-dip-in-2020-revenue-on-virus-impact-ups-dividend-on-higher-q4-profit The bank’s exposure to manufacturing – which will be hit by the second-order impact from the virus as supply chains get disrupted – is another 4 per cent. Retail Banking Broad-Based Franchise Growth Brings UOB Record Earnings News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54366/broad-based-franchise-growth-brings-uob-record-earnings Income from high affluent customers increased 14% year on year Retail Banking Maybank Indonesia posts higher operating profit despite lower loans growth News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54344/maybank-indonesia-posts-higher-operating-profit-despite-lower-loans-growth Banking transactional fees significantly increased and became our main source of income for the bank during the period. Retail Banking Australia’s strengthening housing market extends the ‘wealth effect’ News Team Tuesday, February 18, 2020 12:00 am http://apbankers.net/article/54288/australiaamprsquos-strengthening-housing-market-extends-the-amplsquowealth-effectamprsquo Buying intentions for motor vehicles turn higher, while the impact of bushfires and coronavirus has already started to affect travel spending intentions, according to CBA HSI readings. Retail Banking HSBC Joins Singapore Banks In Local Relief Measures News Aggregation Team Friday, February 14, 2020 12:00 am http://apbankers.net/article/54248/hsbc-joins-singapore-banks-in-local-relief-measures The measures that we have introduced today aim to facilitate the continued flow of trade by easing the cashflow and operational pressures faced by businesses tackling supply chain disruptions. Retail Banking Wells Fargo Cutting Hundreds Of Jobs In Manila News Aggregation Team Friday, February 14, 2020 12:00 am http://apbankers.net/article/54249/wells-fargo-cutting-hundreds-of-jobs-in-manila This strategy will ultimately provide meaningful benefits to our employees and customers, but we recognize this change will have a significant impact on some employees and their families. Retail Banking NAB further delays offloading MLC News Aggregation Team Thursday, February 13, 2020 12:00 am http://apbankers.net/article/54228/nab-further-delays-offloading-mlc Remediation of MLC Wealth advice clients and a reshape of the wrap business model along with a rebrand to MLC Advice are understood to be recent milestones in the path to separating the businesses. Retail Banking NAB narrowly beats Q1 profit forecast News Aggregation Team Thursday, February 13, 2020 12:00 am http://apbankers.net/article/54235/nab-narrowly-beats-q1-profit-forecast NAB has posted unaudited cash earnings of $1.65 billion for the three months ended December 31, roughly mirroring the same figure a year ago. Retail Banking Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion News Aggregation Team Tuesday, February 11, 2020 12:00 am http://apbankers.net/article/54153/dubai-islamic-bank-pakistan-posts-after-tax-profit-of-rs-33-billion Dubai Islamic Bank Pakistan has also achieved major accolades by winning seven awards globally including the coveted CFA Society Pakistan Excellence Award in the “Best Islamic Bank" category. Retail Banking UBS Asset Management’s China unit unveils onshore equity private fund News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54331/ubs-asset-managementamprsquos-china-unit-unveils-onshore-equity-private-fund UBS’s China unit, UBS Shanghai, is one of the first wholly foreign-owned enterprises, or WFOE, in the Mainland. Investment Bank Nomura Is Finally Making Money From Asia Investment Banking News Aggregation Team Thursday, February 20, 2020 12:00 am http://apbankers.net/article/54346/nomura-is-finally-making-money-from-asia-investment-banking Japan’s biggest securities firm last year unveiled plans to cut $1 billion of costs at its struggling global wholesale operation, helping to revive profit that’s been under pressure from years of losses abroad. Investment Bank StanChart betting big on Shariah-based banking News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54299/stanchart-betting-big-on-shariah-based-banking "For the country, we have lots of expectations," Rehan M Shaikh, chief executive officer of Standard Chartered Saadiq Investment Bank S Korea’s Woori Bank accelerates expansion in Cambodia News Aggregation Team Tuesday, February 18, 2020 12:00 am http://apbankers.net/article/54278/s-koreaamprsquos-woori-bank-accelerates-expansion-in-cambodia The bank plans to build partnerships with fintech and platform businesses to offer customers better accessibility to financial services, and set up a credit rating system to offer products through non-face-to-face services. Investment Bank A year of anger between Reserve Bank governor Adrian Orr and NZ Initiative's Roger Partridge News Aggregation Team Monday, February 17, 2020 12:00 am http://apbankers.net/article/54255/a-year-of-anger-between-reserve-bank-governor-adrian-orr-and-nz-initiativeamp039s-roger-partridge In a meeting of happenstance in the Koru Lounge at Wellington Airport and again at Auckland Airport following a flight, Orr also volubly complained to NZ Initiative executive director Oliver Hartwich. Investment Bank Battle intensifies to become ‘Korea’s Goldman Sachs News Aggregation Team Tuesday, February 11, 2020 12:00 am http://apbankers.net/article/54157/battle-intensifies-to-become-amplsquokoreaamprsquos-goldman-sachs Hana Financial is the latest to enter IB market amid concerns over brokerages focusing on real estate, not startups Investment Bank OCBC Applies Analytics For Charity Work News Aggregation Team Monday, February 10, 2020 12:00 am http://apbankers.net/article/54147/ocbc-applies-analytics-for-charity-work The donation will spread over five years to fund the shop set-up, operations, and food supplies. Investment Bank HSBC Offers Buffer for Hong Kong SMEs News Aggregation Team Monday, February 10, 2020 12:00 am http://apbankers.net/article/54149/hsbc-offers-buffer-for-hong-kong-smes Relief measures include temporary interest-only repayments, extensions to repayment schedules and the creation of overdraft facilities. Investment Bank MUFG just posted first quarterly loss in a decade News Aggregation Team Thursday, February 06, 2020 12:00 am http://apbankers.net/article/54093/mufg-just-posted-first-quarterly-loss-in-a-decade MUFG now expects full-year profit of ¥750 billion, down from the ¥900 billion targeted previously. Investment Bank Big investment banks cool on Chinese IPOs on Wall Street News Aggregation Team Tuesday, January 28, 2020 12:00 am http://apbankers.net/article/53923/big-investment-banks-cool-on-chinese-ipos-on-wall-street Falling valuations and trade war to blame as lenders back out of companies’ listings Investment Bank Japan is slowly closing the gap on ESG reform News Aggregation Team Friday, February 21, 2020 12:00 am http://apbankers.net/article/54368/japan-is-slowly-closing-the-gap-on-esg-reform The research reveals Japanese companies rank similarly to those from Europe in terms of social and environmental practices. ESG Can the Pacific become the world’s first fossil-fuel-free zone? News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54314/can-the-pacific-become-the-worldamprsquos-first-fossil-fuel-free-zone With key reforms, Pacific states could move toward cleaner, more affordable sources of energy that eventually eliminate fossil fuels completely. ESG Guarding against the coronavirus, sustainably: Are reuseable face masks the answer? News Aggregation Team Wednesday, February 19, 2020 12:00 am http://apbankers.net/article/54315/guarding-against-the-coronavirus-sustainably-are-reuseable-face-masks-the-answer Surgical masks have gone out of stock in supermarkets and pharmacies all over the world, while desperate consumers searching online for masks have reported incidences of profiteering and scams. ESG Hedge fund investors increasingly keen on ESG investing News Aggregation Team Tuesday, February 18, 2020 12:00 am http://apbankers.net/article/54281/hedge-fund-investors-increasingly-keen-on-esg-investing The study covered 135 institutional investors, hedge fund and long-only managers with total assets of USD6.25tr in 13 countries/territories, including Hong Kong. ESG China Development Bank could be a climate bank News Aggregation Team Sunday, February 16, 2020 12:00 am http://apbankers.net/article/54257/china-development-bank-could-be-a-climate-bank Partly as a consequence of its size, CDB is also the biggest green project financer of the major development banks, deploying US$137.2 billion in climate finance in 2017; almost ten times more than the World Bank. ESG Fidelity brings water and waste fund to Singapore News Aggregation Team Friday, February 14, 2020 12:00 am http://apbankers.net/article/54251/fidelity-brings-water-and-waste-fund-to-singapore Several asset managers have brought ESG or sustainable funds to the Lion City. ESG MAS to Broaden Range of Climate Risks Included in Stress Tests News Team Wednesday, February 05, 2020 12:00 am http://apbankers.net/article/54080/mas-to-broaden-range-of-climate-risks-included-in-stress-tests MAS is in fact a founding member of the global Network for Greening the Financial System ESG Real market signals are still a must on climate News Aggregation Team Thursday, January 30, 2020 12:00 am http://apbankers.net/article/53967/real-market-signals-are-still-a-must-on-climate Mr Morrison hit back at claims – amplified by the bushfire crisis – that Australia is a climate laggard. ESG Environmental issues dominate threat list News Team Wednesday, January 29, 2020 12:00 am http://apbankers.net/article/53954/environmental-issues-dominate-threat-list The challenges before us demand immediate collective action, but fractures within the global community appear to only be widening. ESG Firms need more help to innovate and go green: KPMG News Aggregation Team Friday, January 24, 2020 12:00 am http://apbankers.net/article/53883/firms-need-more-help-to-innovate-and-go-green-kpmg Its Budget wish list includes incentives to spur tech adoption, make buildings greener ESG