Managers of Wealth - Asia http://apbankers.net/ Tue, 07 Apr 2020 07:54:26 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Coronavirus has sparked an unprecedented level of philanthropy News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55274/coronavirus-has-sparked-an-unprecedented-level-of-philanthropy By early March, it was reported that philanthropic giving to combat the coronavirus has reached unprecedented levels, already topping US$1 billion (£816 million) across the world. Wealth and Asset Management JPMAM buys out partnership in mainland News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55277/jpmam-buys-out-partnership-in-mainland The firm is set to become the first foreign fund house with 100% ownership of an asset management joint venture in mainland China. Wealth and Asset Management Gold bugs see their predictions of doom coming true News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55248/gold-bugs-see-their-predictions-of-doom-coming-true ‘Saying it for years’: Gold investors who have long prophesized a financial apocalypse appear proven right as markets crash and social interactions become limited Wealth and Asset Management Morgan Stanley Wealth picks off Credit Suisse advisers News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55223/morgan-stanley-wealth-picks-off-credit-suisse-advisers There's never a dull moment in the highly competitive world of private banking. Wealth and Asset Management HSBC PB joins female-focused network in Asia News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55234/hsbc-pb-joins-female-focused-network-in-asia HSBC Private Bank is one of the founding partners of the WealthiHer network in the UK and in Asia. Wealth and Asset Management Our Investor Personality Study reveals how investors cope differently in a market crisis News Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55240/our-investor-personality-study-reveals-how-investors-cope-differently-in-a-market-crisis Survey of emerging affluent, affluent, and high-net-worth investors unveils top personality traits that impact investment decisions Wealth and Asset Management DBS’ Marc Lansonneur on Combining Art and Science for Private Banking of the 2020s News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55241/dbsamprsquo-marc-lansonneur-on-combining-art-and-science-for-private-banking-of-the-2020s Lansonneur begins by considering the state of play in the private banking and wealth management market in Asia, noting that there are more and more online brokerages and FinTechs competing and driving commissions down for execution and even custody. Wealth and Asset Management Virus Boosts Rich Asian Interest in Sustainable Investing Trend News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55244/virus-boosts-rich-asian-interest-in-sustainable-investing-trend “That is the major difference that we have seen.” Wealth and Asset Management UBS AM adds two more onshore products News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55186/ubs-am-adds-two-more-onshore-products UBS Asset Management continues to introduce onshore funds against the background of strong market volatility and imminent global recession. Wealth and Asset Management Asiamoney China Private Banking Awards 2020 News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55188/asiamoney-china-private-banking-awards-2020 Overall best state-owned private bank Best private bank for international network Bank of China Private Banking Wealth and Asset Management J. Safra Sarasin hires executive director in Singapore News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55284/j-safra-sarasin-hires-executive-director-in-singapore His last banking role was with DBS Bank, as head of external asset managers from February 2012 to June 2016. Executive Moves HSBC Names Asia Private Banking COO News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55256/hsbc-names-asia-private-banking-coo Prior to this, Oh spent five years with J.P. Morgan Private Bank's Hong Kong-based unit and was also previously Credit Suisse's North Asia COO. Executive Moves Industry fund appoints union leader News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55265/industry-fund-appoints-union-leader The fund confirmed Lynch's appointment to Financial Standard. Executive Moves Japan pension KKR hires managers for active overseas equity mandate News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55263/japan-pension-kkr-hires-managers-for-active-overseas-equity-mandate Japanese pensions are more eager to invest in foreign assets such as private equity and private debt, which offer high returns amid Japan’s negative rate policy Executive Moves Count Financial bolsters leadership team News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55266/count-financial-bolsters-leadership-team Rowe said Creswell is the perfect fit for the Count Financial family. Executive Moves Blackrock Asia EM head exits News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55220/blackrock-asia-em-head-exits Andrew Swan leaves Blackrock after nine years managing the firm’s flagship Asian equity funds. Executive Moves Japan's GPIF appoints Eiji Ueda, formerly of Goldman Sachs, as CIO News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55228/japanamp039s-gpif-appoints-eiji-ueda-formerly-of-goldman-sachs-as-cio Mr. Ueda was the co-head of Goldman Sachs’s securities division for Asia Pacific when he left in December after working at the US investment bank since 1991. Executive Moves Diginex appoints Asia Chairman News Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55237/diginex-appoints-asia-chairman Based in Hong Kong, Yoon will work closely with Diginex business heads to bring its digital asset financial services and blockchain solutions to partners and investors throughout Asia. Executive Moves Citi Private Bank’s Jyrki Rauhio resigns News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55192/citi-private-bankamprsquos-jyrki-rauhio-resigns His other subsequent roles were global chief operating officer for investment finance based in London, and head of investment finance and banking, Asia-Pacific, based in Hong Kong. Executive Moves IQ-EQ Singapore appoints BD Director to develop business in India News Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55199/iq-eq-singapore-appoints-bd-director-to-develop-business-in-india She has developed a successful career in business development Executive Moves Asian investor cleared of laundering Dh278 million in UAE News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55272/asian-investor-cleared-of-laundering-dh278-million-in-uae The defendant was sentenced two years in jail followed by deportation. Legal, Regulation & Compliance International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation Member Countries in Most Need News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55273/international-islamic-trade-finance-cooperation-provides-us850-million-for-covid-19-emergency-interventions-for-organization-of-islamic-cooperation-member-countries-in-most-need Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries Legal, Regulation & Compliance 1MDB: Malaysia’s change in government sees whistle-blower flee, banker too scared to return News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55276/1mdb-malaysiaamprsquos-change-in-government-sees-whistle-blower-flee-banker-too-scared-to-return Justo, his wife Laura and their young son left Malaysia on March 4 without saying goodbye to anyone. Legal, Regulation & Compliance SFC halts operations of HK asset manager News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55288/sfc-halts-operations-of-hk-asset-manager The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest. Legal, Regulation & Compliance Ping An Donates £1.1m of COVID-19 Medical Supplies to the United Kingdom News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55246/ping-an-donates-amppound11m-of-covid-19-medical-supplies-to-the-united-kingdom The donation also includes technological support such as the COVID-19 smart image-reading system developed by Ping An, which can generate rapid and accurate analysis of Computed Tomography (CT) lung scans for each individual case within 15 seconds Legal, Regulation & Compliance The HKMA and the banking sector join forces to help Hong Kong’s economy overcome the outbreak of COVID-19 News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55247/the-hkma-and-the-banking-sector-join-forces-to-help-hong-kongamprsquos-economy-overcome-the-outbreak-of-covid-19 This has helped reduce the cash-flow pressure on customers and lessen the impact of the outbreak on the local economy. Legal, Regulation & Compliance Financial Services Remain Open and Available News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55249/financial-services-remain-open-and-available All financial markets in Singapore remain open, and payment services are unaffected. Legal, Regulation & Compliance Economic Policies for the COVID-19 War News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55253/economic-policies-for-the-covid-19-war In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector. Legal, Regulation & Compliance Malaysia central bank says almost 25% of insurance assets may face climate risk News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55258/malaysia-central-bank-says-almost-25-of-insurance-assets-may-face-climate-risk The central bank says it’s important for Malaysian financial institutions to treat climate change like any other financial risk which could affect their profitability and balance sheets and hurt their ability to raise funds. Legal, Regulation & Compliance Chant West takes Zenith acquisition to court News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55271/chant-west-takes-zenith-acquisition-to-court Chant West says it expects the application to be heard on an urgent basis. Legal, Regulation & Compliance PLDT, KKR, Tencent, IFC and IFC Emerging Asia Fund Commit Up to US$120mn of New Investments in the Philippines’ Voyager Innovations News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55275/pldt-kkr-tencent-ifc-and-ifc-emerging-asia-fund-commit-up-to-us120mn-of-new-investments-in-the-philippinesamprsquo-voyager-innovations Through its PayMaya app and wallet, it is providing millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide FinTech Xplore Wealth Selects SS&C to Help Realize its "One Platform" Goal News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55282/xplore-wealth-selects-ssampampc-to-help-realize-its-ampquotone-platformampquot-goal Australia-based independent platform provider and investment administrator partners with SS&C Global Wealth Platform to streamline technology FinTech Bravura implements Garradin with Futurity News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55285/bravura-implements-garradin-with-futurity The Garradin implementation has enabled Futurity to launch a ground-breaking discretionary family education bond that provides bond owners with the ability to easily track their contributions as well as provide flexible withdrawal arrangements. FinTech Artificial intelligence will play an increasing role in wealth management News Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55287/artificial-intelligence-will-play-an-increasing-role-in-wealth-management The use of AI risks replicating the over-reliance on quantitative techniques that led to the 2008 crisis, writes Dan Tammas-Hastings FinTech UP Fintech, a Digital Brokerage Firm Focused on Global Chinese Investors, to Enter Wealth Management Business News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55251/up-fintech-a-digital-brokerage-firm-focused-on-global-chinese-investors-to-enter-wealth-management-business A key priority of the Fintech company is to extend its existing wealth and asset management products. FinTech Ant Financial, Vanguard Group target 900m users with robo adviser News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55222/ant-financial-vanguard-group-target-900m-users-with-robo-adviser The transactions are done automatically and the robo adviser will also help investors re-balance their portfolios if necessary. FinTech Resimac's new solicitor partnerships support brokers with digital solutions News Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55233/resimacamp039s-new-solicitor-partnerships-support-brokers-with-digital-solutions Using technology to facilitate 'meeting-free mortgages' FinTech Xiaomi-Backed Virtual Bank Announces Hong Kong Pilot News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55184/xiaomi-backed-virtual-bank-announces-hong-kong-pilot Online-Only Banking Kicks Off in Hong Kong FinTech Robo-advisor Robowealth Sending Waves of Disruption through Thailand’s Growing Wealth Market News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55217/robo-advisor-robowealth-sending-waves-of-disruption-through-thailandamprsquos-growing-wealth-market Robowealth on the 7th of July 2017 obtained the relevant SEC LBDU license to operate as a robo-advisor for Thai mutual funds. FinTech Taiwan's CTBC Bank partners with Aegis to expand blockchain financing News Aggregation Team Wednesday, April 01, 2020 1:00 am http://apbankers.net/article/55171/taiwanamp039s-ctbc-bank-partners-with-aegis-to-expand-blockchain-financing Aegis is the first company to be granted a digital asset custody licence in Hong Kong. FinTech Thai investors flee to cash News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55278/thai-investors-flee-to-cash But several fund categories broke the trend and had net inflows during the first quarter. Alternative Investments Singapore’s Core Central Region Displays Strong Property Sales Despite Pandemic News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55286/singaporeamprsquos-core-central-region-displays-strong-property-sales-despite-pandemic Singapore’s real estate market does not seem to take the brunt of tough cooling measures and the current global pandemic situation Alternative Investments Catalina makes first acquisition in Asia with Asia Capital Reinsurance News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55245/catalina-makes-first-acquisition-in-asia-with-asia-capital-reinsurance Hsieh Fu Hua, chairman of ACR, said he was very pleased with the speed and efficiency with which this transaction was handled. Alternative Investments Are there any safe havens in this global market crash? News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55250/are-there-any-safe-havens-in-this-global-market-crash Bonds, gold and cash are the traditional stores of value, but even their performance has been erratic amid Covid-19 Alternative Investments Allfunds opens office in Hong Kong News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55264/allfunds-opens-office-in-hong-kong The new team will be led by Louis Poon, who has been appointed as Head of Hong Kong, having newly-joined the firm, and Stephanie Chan, who has also newly joined Allfunds as Head of Client Services, Hong Kong. Alternative Investments When the Federal Reserve Buys ETFs, Thank the Bank of Japan News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55270/when-the-federal-reserve-buys-etfs-thank-the-bank-of-japan Japan’s central bank has been a pioneer in the monetary experiments the U.S. is trying now. Alternative Investments CSOP Asset Management picks BNP Paribas to administer funds with new Singapore structure News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55226/csop-asset-management-picks-bnp-paribas-to-administer-funds-with-new-singapore-structure Paris-based BNP Paribas Securities Services had US$11.8 trillion of assets under custody and $2.8 trillion of assets under administration as of end-December, with 10,484 funds administered. Alternative Investments ADB invests US$100 million to support India’s PE industry News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55229/adb-invests-us100-million-to-support-indiaamprsquos-pe-industry Development bank’s investment in NIIF Fund of Funds will help contribute to greater availability of long-term growth financing for private sector companies Alternative Investments Saxo releases Q2 Outlook, “A World Out of Balance” News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55242/saxo-releases-q2-outlook-ampldquoa-world-out-of-balanceamprdquo The triple hit to the global economy almost guarantees 2020 will be a lost economic year, with policymakers needing to pull out all the stops to address a real, global recession. Alternative Investments Northbound funds see inflows of $145m in February News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55187/northbound-funds-see-inflows-of-145m-in-february After the unusual outflow in January, Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF saw net inflows in February. Alternative Investments New changes to India's tax residency rules: impact on wealthy families News Team Monday, March 30, 2020 1:00 am http://apbankers.net/article/55099/new-changes-to-indiaamp039s-tax-residency-rules-impact-on-wealthy-families With effect from April 1, 2020 the threshold for residence was supposed to go down to 120 days (from 182 days) and Indian citizens living in zero tax countries risked being deemed residents of India. Tax World Tax Advisor, featuring special COVID-19 section News Team Friday, March 27, 2020 12:00 am http://apbankers.net/article/55094/world-tax-advisor-featuring-special-covid-19-section These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals. Tax Indonesia's tax office ready to go door-to-door News Aggregation Team Thursday, March 19, 2020 12:00 am http://apbankers.net/article/54870/indonesiaamp039s-tax-office-ready-to-go-door-to-door The tax office is encouraging taxpayers to file their SPTs online as it has suspended direct face-to-face services in compliance with the government's social distancing policy to help limit the spread of COVID-19. Tax Australian Tax Office cracks down on wealthy tax dodgers News Aggregation Team Friday, March 13, 2020 12:00 am http://apbankers.net/article/54773/australian-tax-office-cracks-down-on-wealthy-tax-dodgers ATO research shows a number of high wealth private groups are deliberately engaging in risky behaviour, including "seeking to engage in artificial and non-commercial arrangements that are intentionally designed to avoid paying tax". Tax ATO to focus attention on wealthy cheats News Aggregation Team Thursday, March 12, 2020 12:00 am http://apbankers.net/article/54726/ato-to-focus-attention-on-wealthy-cheats To ensure compliance at the top end, from July 1 the ATO will expand the work of the Tax Avoidance Taskforce and introduce a new program focusing on high wealth private groups. Tax Tax legislation enacted, including changes affecting Labuan entities News Team Monday, March 09, 2020 12:00 am http://apbankers.net/article/54626/tax-legislation-enacted-including-changes-affecting-labuan-entities Labuan entities carrying on a Labuan business activity that is a Labuan trading activity generally are taxed at 3% of their net audited accounting profits Tax CFO Sentiment | Edition 8 News Team Thursday, March 05, 2020 12:00 am http://apbankers.net/article/54577/cfo-sentiment-edition-8 Rising uncertainty is challenging Australian CFOs and impacting their confidence about the financial prospects of their businesses going forward. Tax Tax dodging: Indonesia's luxury car 'owners' cry foul News Aggregation Team Thursday, March 05, 2020 12:00 am http://apbankers.net/article/54584/tax-dodging-indonesiaamp039s-luxury-car-amp039ownersamp039-cry-foul But instead, the employer registered his luxury car in Prayitno's name to dodge taxes. Tax Foreign nationals and the taxman News Aggregation Team Tuesday, March 03, 2020 12:00 am http://apbankers.net/article/54527/foreign-nationals-and-the-taxman Certain tax obligations pertain to foreign nationals on home payment arrangements, whether partially or in full, and to those who come to the Philippines as short-term business travelers. Tax 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 What Next for Family Offices in India? News Aggregation Team Tuesday, April 07, 2020 1:00 am http://apbankers.net/article/55283/what-next-for-family-offices-in-india In the last couple of years, the family office space in India has evolved a lot. Comment, Analysis & Research Asian Development Bank: «Worst Pandemic in a Century» News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55259/asian-development-bank-amplaquoworst-pandemic-in-a-centuryampraquo Although developing economies in Asia will suffer a sharp 2020 slowdown, 2021 growth is expected to reaccelerate to 6.2 percent, led by East Asia’s 6.5 percent. Comment, Analysis & Research Generali Life CEO in Thailand on Building its Proposition and Being 100% Customer-Centric News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55261/generali-life-ceo-in-thailand-on-building-its-proposition-and-being-100-customer-centric Generali Thailand is more than merely its core business of life insurance, as the firm also spans accident and health (A&H). Comment, Analysis & Research Hong Kong Welcomes HSBC, StanChart to Relocate Home News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55262/hong-kong-welcomes-hsbc-stanchart-to-relocate-home The Hong Kong Monetary Authority followed up last week with the reassurance of healthy local balance sheets and the lacking need to cancel dividends. Comment, Analysis & Research Jobs destroyed worldwide as coronavirus triggers deep recession News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55269/jobs-destroyed-worldwide-as-coronavirus-triggers-deep-recession The International Labor Organization last month warned almost 25 million jobs will be lost if the virus isn’t controlled. Comment, Analysis & Research Gartner CFO Survey Reveals That 62% of CFOs Plan SG&A Cuts This Year Due to Coronavirus Related Disruptions News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55281/gartner-cfo-survey-reveals-that-62-of-cfos-plan-sgampampa-cuts-this-year-due-to-coronavirus-related-disruptions CFOs Should Follow Four Cost-Cutting Tactics Comment, Analysis & Research Not buy time yet: Lonsec News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55230/not-buy-time-yet-lonsec The earnings part is the trickier of the two. Comment, Analysis & Research Shanghai displaces Hong Kong as world’s leading IPO hub News Aggregation Team Wednesday, April 01, 2020 1:00 am http://apbankers.net/article/55198/shanghai-displaces-hong-kong-as-worldamprsquos-leading-ipo-hub According to IPO bankers and accountants, firms in the e-commerce, healthcare, and biotechnology sectors and some financial institutions are planning to launch deals in Hong Kong in the second half of the year. Comment, Analysis & Research A cautious consumer rebound takes hold in China - Fidelity comments News Team Tuesday, March 31, 2020 1:00 am http://apbankers.net/article/55130/a-cautious-consumer-rebound-takes-hold-in-china-fidelity-comments Consumption of staples is clearly outshining discretionary or luxury goods in what is still very much a lukewarm and uneven recovery. Comment, Analysis & Research Global Investment Committee Outlook by Nikko AM News Team Tuesday, March 31, 2020 1:00 am http://apbankers.net/article/55159/global-investment-committee-outlook-by-nikko-am The near-infinite expansion of sovereign bond QE also is an incomparable shock to the system, almost like setting to maximum the electricity used to stimulate the brain of a comatose patient. Comment, Analysis & Research CBA approves $150 million in business loans under Coronavirus SME Guarantee Scheme News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55260/cba-approves-150-million-in-business-loans-under-coronavirus-sme-guarantee-scheme These loans will help a lot of businesses stay afloat, and keep a lot of people in jobs. Retail Banking Commonwealth Bank launches coronavirus support campaign News Team Thursday, March 26, 2020 12:00 am http://apbankers.net/article/55046/commonwealth-bank-launches-coronavirus-support-campaign A large scale communication campaign to clearly address our customers’ most common questions and concerns. Retail Banking SoftBank to sell up to $41bn in assets to acquire shares News Aggregation Team Wednesday, March 25, 2020 12:00 am http://apbankers.net/article/54982/softbank-to-sell-up-to-41bn-in-assets-to-acquire-shares It had already announced a massive share buyback that prompted S&P Global Ratings to cut the firm’s outlook to negative, a move some analysts said misinterpreted the company’s health. Retail Banking Citi buys Royal Bank of Canada’s custody business in Australia News Aggregation Team Wednesday, March 18, 2020 12:00 am http://apbankers.net/article/54840/citi-buys-royal-bank-of-canadaamprsquos-custody-business-in-australia It also says the deal will bolster its regional operations site in Malaysia because several RBC employees in Kuala Lumpur, the capital of the Southeast Asian country, are expected to join Citi. Retail Banking SBI, seven other lenders to invest â¹10,000 crore to revive Yes Bank News Aggregation Team Monday, March 16, 2020 12:00 am http://apbankers.net/article/54781/sbi-seven-other-lenders-to-invest-acircsup110000-crore-to-revive-yes-bank In a late night notification to the exchanges, Yes Bank said 1000 crore equity shares have been allocated to these lenders. Retail Banking Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources News Aggregation Team Monday, March 16, 2020 12:00 am http://apbankers.net/article/54782/chinese-p2p-firm-finvolution-taps-hsbc-for-potential-take-private-deal-sources Company founder and co-Chief Executive Cliff Zhang would want to retain a small stake after a deal, said one of them. Retail Banking Standard Chartered launches new Banking Solution in Indonesia News Aggregation Team Friday, March 13, 2020 12:00 am http://apbankers.net/article/54752/standard-chartered-launches-new-banking-solution-in-indonesia Winters added that the Nexus solutions is potentially a ‘transformational’ platform for both Standard Chartered and its clients. Retail Banking UOB Quadruples Client Engagement for Mobile Bank News Aggregation Team Thursday, March 12, 2020 12:00 am http://apbankers.net/article/54724/uob-quadruples-client-engagement-for-mobile-bank Naturally, increased engagement has led to more users with referrals accounting for more than two-thirds of TMRW’s new customers. Retail Banking How Hong Kong's Retail Banks Could Offset Digital Revenue Pressure News Aggregation Team Thursday, March 12, 2020 12:00 am http://apbankers.net/article/54725/how-hong-kongamp039s-retail-banks-could-offset-digital-revenue-pressure What’s more, 72 percent of Hong Kong respondents had more than one bank account compared with the global average of 58 percent. Retail Banking UOB and Prudential Singapore launch the UOB Lady's Savings Account to help women grow their wealth and protect their health News Team Monday, March 09, 2020 12:00 am http://apbankers.net/article/54643/uob-and-prudential-singapore-launch-the-uob-ladyamp039s-savings-account-to-help-women-grow-their-wealth-and-protect-their-health First savings account in Singapore with complimentary female-related cancer insurance coverage Retail Banking Westpac’s King Just Got the Toughest Job in Australian Banking News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55243/westpacamprsquos-king-just-got-the-toughest-job-in-australian-banking Pledges to boost risk management amid money-laundering case Investment Bank Bank Indonesia ensures sufficient liquidity, sees signs of decline in capital outflows News Aggregation Team Monday, March 30, 2020 1:00 am http://apbankers.net/article/55109/bank-indonesia-ensures-sufficient-liquidity-sees-signs-of-decline-in-capital-outflows The COVID-19 crisis is much different than Asia’s crisis in 1998 and the global financial crisis in 2008 as banks remain in a healthy condition despite weakening business activities and volatile financial markets, Perry said. Investment Bank Jefferies Group CFO Dies Due To Coronavirus Complications News Aggregation Team Monday, March 30, 2020 1:00 am http://apbankers.net/article/55119/jefferies-group-cfo-dies-due-to-coronavirus-complications For over a dozen years, Peg has been our CFO and partner, and helped us build Jefferies from less than half its current size Investment Bank Japan's big banks begin low-rate loans to virus-hit businesses News Aggregation Team Friday, March 27, 2020 12:00 am http://apbankers.net/article/55071/japanamp039s-big-banks-begin-low-rate-loans-to-virus-hit-businesses New funds set up with no-interest money from central bank Investment Bank Bank of Singapore: Unload Risk on Rebounds News Aggregation Team Thursday, March 26, 2020 12:00 am http://apbankers.net/article/55049/bank-of-singapore-unload-risk-on-rebounds Finance aside, Bahren also touched on the political state of matters, warning that warned that the crisis had just started and that nation states were currently ill-equipped for combat. Investment Bank NAB Private director starts new venture News Aggregation Team Tuesday, March 24, 2020 12:00 am http://apbankers.net/article/54960/nab-private-director-starts-new-venture It is starting with UK-based emerging markets manager Somerset Capital, which currently offers its dividend-growth strategy in Australia through a locally domiciled fund. Investment Bank As Wall Street Empties, Asia’s Bankers Slowly Head Back to Work News Aggregation Team Monday, March 23, 2020 12:00 am http://apbankers.net/article/54936/as-wall-street-empties-asiaamprsquos-bankers-slowly-head-back-to-work hile most offices aren’t 100% staffed, some are still rotating at home Investment Bank Chinese Banks Face an Unprecedented Drop in Profit, UBS Says News Aggregation Team Wednesday, March 18, 2020 12:00 am http://apbankers.net/article/54835/chinese-banks-face-an-unprecedented-drop-in-profit-ubs-says China is taking action to protect both Chinese companies and the nation’s $41 trillion banking industry amid an outbreak that brought much of the world’s second-largest economy to a standstill. Investment Bank Citi to expand local securities team News Aggregation Team Monday, March 16, 2020 12:00 am http://apbankers.net/article/54798/citi-to-expand-local-securities-team "Citi provides clients with in-depth local market expertise, advanced processing technologies and value-added services, like data management, in-house unit registry and ETF servicing," Citi Australia head of securities services Martin Carpenter Investment Bank The Bank of East Asia Announces a Strategic Review of Portfolio News Aggregation Team Tuesday, March 10, 2020 12:00 am http://apbankers.net/article/54657/the-bank-of-east-asia-announces-a-strategic-review-of-portfolio The announcement has been made with the support of Elliott Management Corporation. Investment Bank Fast pandemic response could tackle climate crisis News Aggregation Team Friday, March 27, 2020 12:00 am http://apbankers.net/article/55091/fast-pandemic-response-could-tackle-climate-crisis Societies worldwide are changing overnight to meet the coronavirus threat. The climate crisis should match the rapid pandemic response. ESG Blue Planet raises US$25 million from Nomura News Team Wednesday, March 25, 2020 12:00 am http://apbankers.net/article/55009/blue-planet-raises-us25-million-from-nomura New strategic engagement a reflection of the growth of impact investing and opportunities in sustainable waste management in Asia ESG ERIA Economist vocalises importance of Central Bank Challenge to Climate Change News Aggregation Team Thursday, March 19, 2020 12:00 am http://apbankers.net/article/54867/eria-economist-vocalises-importance-of-central-bank-challenge-to-climate-change From a survey of 18 central banks in Asia, 16 of them agree with the notion that climate change is a key area of focus, with the Paris Agreement being quoted as an influencing factor in the shift. ESG Nikko AM Releases Its 2019 Sustainability Report News Team Thursday, March 19, 2020 12:00 am http://apbankers.net/article/54880/nikko-am-releases-its-2019-sustainability-report Demonstrating commitment to ESG as an asset manager and as a company ESG Ego versus eco—is vanity compromising the impact of Asia’s sustainability leaders? News Aggregation Team Wednesday, March 18, 2020 12:00 am http://apbankers.net/article/54850/ego-versus-ecoampmdashis-vanity-compromising-the-impact-of-asiaamprsquos-sustainability-leaders All of this can give the impression that some sustainability folk are more bothered about their own image than doing their bit to save the planet. ESG Covid-19: a dress rehearsal for the climate emergency? News Aggregation Team Wednesday, March 18, 2020 12:00 am http://apbankers.net/article/54848/covid-19-a-dress-rehearsal-for-the-climate-emergency Since it was first detected in December 2019, the virus has spread rapidly, having been declared a Public Health Emergency of International Concern on 30 January 2020, and is now characterised as a pandemic by the World Health Organisation. ESG Does ESG investing deliver its promise? News Aggregation Team Monday, March 16, 2020 12:00 am http://apbankers.net/article/54788/does-esg-investing-deliver-its-promise Latest data show that ESG funds have significantly lower downside risks ESG Hong Kong tightens ESG disclosure rules to attract investors News Aggregation Team Friday, March 13, 2020 12:00 am http://apbankers.net/article/54747/hong-kong-tightens-esg-disclosure-rules-to-attract-investors HKEX initially proposed forcing listed companies to publish statements about ESG-related risks. ESG Hong Kong tightens ESG disclosure rules to attract investors News Aggregation Team Friday, March 13, 2020 12:00 am http://apbankers.net/article/54768/hong-kong-tightens-esg-disclosure-rules-to-attract-investors Only 12% of them spelt out plans to deal with climate-change issues. ESG Praemium rolls out investment tools, options News Aggregation Team Wednesday, March 11, 2020 12:00 am http://apbankers.net/article/54676/praemium-rolls-out-investment-tools-options While advisers could previously use the platform to cater to some ESG demands by placing holding exclusions ESG Seven Ways to Support Charitable Giving Amid The Covid-19 Crisis News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55252/seven-ways-to-support-charitable-giving-amid-the-covid-19-crisis There are few sectors of society – locally or globally – that are not challenged by the medical and economic effects of the pandemic. Covid-19 Estate Planning During Covid-19 News Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55254/estate-planning-during-covid-19 It is always best to be prepared and if that involves encouraging your spouse to discuss your estate planning, this is the time to do so. Covid-19 Escala Partners mulls firm-wide salary cuts and office closures News Aggregation Team Monday, April 06, 2020 1:00 am http://apbankers.net/article/55255/escala-partners-mulls-firm-wide-salary-cuts-and-office-closures An email sent to all staff last week outlined what options the board is considering Covid-19 China implements comprehensive measures to mitigate the impact of COVID-19 on foreign investment News Aggregation Team Friday, April 03, 2020 1:00 am http://apbankers.net/article/55232/china-implements-comprehensive-measures-to-mitigate-the-impact-of-covid-19-on-foreign-investment In particular, the government has been coordinating relevant departments to support enterprises involved in e-commerce or commercial supply of necessities such as masks and medical supplies. Covid-19 Business tycoons propose modified quarantine News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55182/business-tycoons-propose-modified-quarantine During the meeting, some of those present said another enhanced Luzon-wide lockdown could be more damaging and instead moved for a modified community or a barangay-based quarantine. Covid-19 Coronavirus: global economy could be in recovery mode within SIX MONTHS - but on two conditions News Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55185/coronavirus-global-economy-could-be-in-recovery-mode-within-six-months-but-on-two-conditions Mr Green concludes: “The coming months will be extremely tough for many individuals, businesses and sectors, but there are also glimmers of hope that economic recovery might arrive relatively soon. Covid-19 Coronavirus Surivial Guide For Wealth Manager News Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55193/coronavirus-surivial-guide-for-wealth-manager Sustaining investor confidence, client retention and business survival should be the immediate priority for wealth managers in this coronavirus world. Covid-19 Standard Chartered launches US$50m COVID-19 assistance fund News Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55195/standard-chartered-launches-us50m-covid-19-assistance-fund Through individual country and regional efforts, Standard Chartered has already donated US$1.85 million to COVID-19 relief efforts to date. Covid-19 Covid-19 impacting PE, real estate deal activity News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55207/covid-19-impacting-pe-real-estate-deal-activity Investors are postponing prospective deals particularly where there are difficulties in completing the due diligence process Covid-19 Super fighting a war on three fronts: KPMG News Aggregation Team Thursday, April 02, 2020 1:00 am http://apbankers.net/article/55213/super-fighting-a-war-on-three-fronts-kpmg KPMG partner Damian Ryan said funds also have to be conscious of the pressure on third-party service providers, noting their capacity was also being tested by the current scenario. Covid-19