Managers of Wealth - Asia http://apbankers.net/ Wed, 23 Oct 2019 06:12:54 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Zurich WM to open first office outside of Switzerland News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52142/zurich-wm-to-open-first-office-outside-of-switzerland It will primarily serve as an outlet for connecting with clients in the region. Wealth and Asset Management Hong Kong has second-highest average wealth per adult globally News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52155/hong-kong-has-second-highest-average-wealth-per-adult-globally Global wealth grew during the past year by 2.6% to US$360 trillion, according to latest edition of Global Wealth Report Wealth and Asset Management Indonesia’s private wealth forecast to rise News Aggregation Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52107/indonesiaamprsquos-private-wealth-forecast-to-rise Indonesia’s affluent population is forecast to grow annually around 8%, and foreign firms have been moving in. Wealth and Asset Management A Call to Arms: Wealth Managers in Asia Must Adapt Now to a Brave New World News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52060/a-call-to-arms-wealth-managers-in-asia-must-adapt-now-to-a-brave-new-world However, unless the industry heeds the inevitability of commission compression – private banks in Asia still extract a very large portion of their revenues from product sales and execution – there is a significant risk of a profits implosion. Wealth and Asset Management Australia has never had a 'true wealth industry': AMP News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52089/australia-has-never-had-a-amp039true-wealth-industryamp039-amp AMP's immediate priorities are to “get money back to clients” Wealth and Asset Management Singapore Wealth Managers Merge News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52092/singapore-wealth-managers-merge The firm's investment team will be led by co-chief investment officers Sylvain Baude and Oliver Destandau Wealth and Asset Management BNP Paribas and Bank of Baroda merge India units into asset management joint venture News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52101/bnp-paribas-and-bank-of-baroda-merge-india-units-into-asset-management-joint-venture State-owned Bank of Baroda, based in the state of Gujarat, is the third largest lender in India, with 9,500 branches across the country. Wealth and Asset Management Indonesia's rising HNW population is 'opportunity for wealth managers' News Aggregation Team Tuesday, October 15, 2019 1:00 am http://apbankers.net/article/52005/indonesiaamp039s-rising-hnw-population-is-amp039opportunity-for-wealth-managersamp039 This represents an average annual growth rate (AAGR) of 7.3 per cent. The number is expected to grow further to 1.5 million in 2022. Wealth and Asset Management BCA eyes retail investment customers with wealth management app News Aggregation Team Tuesday, October 15, 2019 1:00 am http://apbankers.net/article/52016/bca-eyes-retail-investment-customers-with-wealth-management-app Wealth management services contributes 5 percent to the bank’s revenue. Wealth and Asset Management AMP restructures its Australian wealth management business News Team Monday, October 14, 2019 1:00 am http://apbankers.net/article/51974/amp-restructures-its-australian-wealth-management-business Bringing together our bank and wealth management teams in Australia will drive a more integrated organisation better able to pursue the significant opportunity we see in providing more holistic wealth services for our clients. Wealth and Asset Management M&G’s Asia Head of Intermediary Sales Exits News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52173/mampampgamprsquos-asia-head-of-intermediary-sales-exits Despite the exit, M&G continues to expand in the region most notably its Asian real estate investment portfolio and its Asian equity capabilities which was further bolstered by the hire of four investment professionals in September. Executive Moves IIFL Wealth Management appoints new Chief Information Security Officer News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52154/iifl-wealth-management-appoints-new-chief-information-security-officer Prior to joining IIFL, Mishra was most recently the Chief Information Security Officer for Idbi Federal Life Insurance. Executive Moves Insto sales director departs Principal Global Investors News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52161/insto-sales-director-departs-principal-global-investors The move leaves country head Helen de Mestre and Warwick Boys in charge of leading the distribution, while the company hires a replacement to work alongside Boys. Executive Moves Industry fund hires from Colonial First State News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52162/industry-fund-hires-from-colonial-first-state She was primarily focused on the strategic and dynamic asset allocation advice for institutional portfolios ranging from under $500 million funds under management to over $5 billion FUM. Executive Moves Cbus veteran moves to APRA News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52163/cbus-veteran-moves-to-apra She previously was in the role of public policy advisor. Executive Moves AMP Capital hires fund manager from competitor News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52164/amp-capital-hires-fund-manager-from-competitor Reporting to AMP Capital managing director office and logistics Luke Briscoe, Georgeos will help the firm convert on its momentum and meet its upcoming investment commitments. Executive Moves Asian Legal Business Names Vincent Chan In "Top 40 Under 40 Lista" News Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52111/asian-legal-business-names-vincent-chan-in-ampquottop-40-under-40-listaampquot The annual list profiles the most accomplished lawyers in Asia under 40 years of age and showcases 40 outstanding legal professionals in the region Executive Moves Industry fund appoints interim investment chief News Aggregation Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52113/industry-fund-appoints-interim-investment-chief legalsuper chief executive Andrew Proebstl said the fund was pleased to bring Kessell into the fold. Executive Moves Morrison & Foerster Expands Global Private Funds Capabilities With New Partner in Hong Kong News Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52116/morrison-ampamp-foerster-expands-global-private-funds-capabilities-with-new-partner-in-hong-kong Addition of private funds partner Nicholas Sheets further enhances the firm’s offerings for Asia-based funds clients Executive Moves ANZ makes senior hires for corporate advisory teams in Singapore, Melbourne News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52057/anz-makes-senior-hires-for-corporate-advisory-teams-in-singapore-melbourne She reports to Richard Dawson, head of loans & specialised finance, international, in Hong Kong, as well as to Martin Hanrahan, head of corporate advisory in Sydney. Executive Moves Singapore and China Regulators Reaffirm Cooperation Commitments News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52175/singapore-and-china-regulators-reaffirm-cooperation-commitments This MOU affirms the close partnership between both regulators. Legal, Regulation & Compliance Japan Cabinet Approves Tougher Foreign Investment Rules News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52147/japan-cabinet-approves-tougher-foreign-investment-rules Foreign investors would also need prior approval to appoint directors or to propose the sale of certain operations of the companies they invest in. Legal, Regulation & Compliance UBS Is Cutting 40 Banking Jobs in Asia News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52149/ubs-is-cutting-40-banking-jobs-in-asia Cuts will be split between markets, investment-banking units Legal, Regulation & Compliance UBS, authorities eye client overcharges in Singapore and Hong Kong News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52166/ubs-authorities-eye-client-overcharges-in-singapore-and-hong-kong UBS expects the relevant authorities will subject UBS to reprimands and fines as a result of their investigations," it said, noting that it had identified and reported the instances related to transactions between 2008 and 2015. Legal, Regulation & Compliance Esma And Australian Securities And Investments Commission Cooperate Benchmarks News Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52168/esma-and-australian-securities-and-investments-commission-cooperate-benchmarks The EU Benchmarks Regulation prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU. Legal, Regulation & Compliance Hong Kong lawyer cleared of perverting course of justice over allegation he suggested HK$38 million settlement to help businesswoman evade justice News Aggregation Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52131/hong-kong-lawyer-cleared-of-perverting-course-of-justice-over-allegation-he-suggested-hk38-million-settlement-to-help-businesswoman-evade-justice Judge finds prosecution failed to reach required standard of proof on two charges against Kevin Bowers Legal, Regulation & Compliance Guernsey continues to develop China’s captive market News Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52138/guernsey-continues-to-develop-chinaamprsquos-captive-market Another distinguishing factor is the existing co-operation agreements between Guernsey and China.” Legal, Regulation & Compliance Amid Hong Kong protesters’ attacks, 500 ATMs out of service for the weekend News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52119/amid-hong-kong-protestersamprsquo-attacks-500-atms-out-of-service-for-the-weekend Monetary Authority cites vandalism and safety concerns as reasons for about 15 per cent of city’s cash machines being closed Legal, Regulation & Compliance LHC Capital stands by suspended iSignthis News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52128/lhc-capital-stands-by-suspended-isignthis iSignthis shares have been suspended from trading since October 2 while the regulators resolve their enquiries Legal, Regulation & Compliance Bahrain wants to bridge Singapore startups to US$1.5t Gulf market News Aggregation Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52103/bahrain-wants-to-bridge-singapore-startups-to-us15t-gulf-market In an interview with Singapore Business Review, Almoayed talks about the incentives of expanding into the Middle East and North Africa through Bahrain’s startup ecosystem Legal, Regulation & Compliance G20 Finance Leaders Agree to Regulate Stablecoins News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52146/g20-finance-leaders-agree-to-regulate-stablecoins G20 finance leaders have agreed to impose regulations on global stablecoins FinTech CBA tech woes show terrifying software butterfly effect News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52148/cba-tech-woes-show-terrifying-software-butterfly-effect The impact can quickly go national and will not necessarily be confined to the bank's own customers. FinTech HSBC Global AM to set up in Malaysia News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52171/hsbc-global-am-to-set-up-in-malaysia The firm is seeking to hire key business and investment officers who will be based in the country. FinTech Indonesia issues world's first blockchain sukuk News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52172/indonesia-issues-worldamp039s-first-blockchain-sukuk Islamic financial firms are incorporating social elements, such as environmentally-friendly and sustainable practices, to widen their appeal beyond religiously-minded customers in the Gulf and Southeast Asia. FinTech Nikko to launch thematic ETF in Hong Kong News Aggregation Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52135/nikko-to-launch-thematic-etf-in-hong-kong The firm joins other managers who have launched several themed products this year. FinTech China’s cryptocurrency plan has a powerful partner: Big Brother News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52118/chinaamprsquos-cryptocurrency-plan-has-a-powerful-partner-big-brother The system emerging in China looks very different from bitcoin and other cryptocurrencies that enthusiasts have championed as tools of emancipation from big banks and governments. FinTech Financing innovation requires innovation in finance News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52129/financing-innovation-requires-innovation-in-finance This is where the STAR Market plays a role. FinTech Chinese AI company urges IPO despite U.S. blacklisting News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52130/chinese-ai-company-urges-ipo-despite-us-blacklisting The White House blacklisted eight Chinese companies this month, accusing them of being implicated in human-rights violations against Muslim minorities in the country's far-western region of Xinjiang. FinTech Damian Hitchen: «The Next Step of Swissquote's Growth Story Is in Asia» News Aggregation Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52104/damian-hitchen-amplaquothe-next-step-of-swissquoteamp039s-growth-story-is-in-asiaampraquo A number of acquisitions since 2010 has allowed the bank to consolidate its position as a leader in online trading. FinTech Self-reflection needed in treasury management News Aggregation Team Friday, October 18, 2019 1:00 am http://apbankers.net/article/52108/self-reflection-needed-in-treasury-management Companies always need to evaluate the processes and tools that generate operational efficiency FinTech UOB Launches Solar Industry Ecosystem News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52176/uob-launches-solar-industry-ecosystem Malaysia is the first ASEAN country in which UOB is rolling out its U-Solar ecosystem. Alternative Investments Taiwan's PSPF seeks bids for NT$20 billion domestic equity mandate News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52178/taiwanamp039s-pspf-seeks-bids-for-nt20-billion-domestic-equity-mandate The scope of investment for the mandate includes local companies listed on the Taiwan Stock Exchange and the over-the-counter GreTai Securities market, as well as domestic stock exchange-traded funds. Alternative Investments Canaccord Genuity Group Inc. Through Its Australian Operation Announces Completion of Its Acquisition of Patersons Securities Limited News Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52153/canaccord-genuity-group-inc-through-its-australian-operation-announces-completion-of-its-acquisition-of-patersons-securities-limited Business combination creates a leading Australian financial services firm with an expanded national footprint and a powerful offering for its combined clients Alternative Investments Singaporeans expect inflation to inch up to 3.2% in coming year: DBS-SMU poll News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52150/singaporeans-expect-inflation-to-inch-up-to-32-in-coming-year-dbs-smu-poll The latest poll was conducted in September and led by SMU assistant professor of finance (education) Aurobindo Ghosh. Alternative Investments Record US$6.2 billion raised for AMP Capital infrastructure debt strategy News Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52152/record-us62-billion-raised-for-amp-capital-infrastructure-debt-strategy This is AMP Capital’s largest closed-end fund ever and is believed to be the largest fundraise in the world for an infrastructure mezzanine debt strategy. Alternative Investments Thailand's Biggest Mutual Fund Company Embraces AI News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52157/thailandamp039s-biggest-mutual-fund-company-embraces-ai SCB Asset expects higher earnings with more active funds Alternative Investments Prudential pivots towards Asia News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52159/prudential-pivots-towards-asia As demerger of M&G completes Alternative Investments Chinese companies eye Guernsey captives as they expand in Europe News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52167/chinese-companies-eye-guernsey-captives-as-they-expand-in-europe Storey pointed to existing co-operation agreements between Guernsey and China as another reason Chinese companies will will comfortable establishing their captives in Guernsey. Alternative Investments Man Group and UBS AM to launch new funds in China News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52169/man-group-and-ubs-am-to-launch-new-funds-in-china The alternatives specialist and the Switzerland-based asset manager have gained approval to sell products in China. Alternative Investments Asia’s fund selectors keep faith in China equities News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52170/asiaamprsquos-fund-selectors-keep-faith-in-china-equities Sentiment has turned positive towards several asset classes despite continuing reasons for caution, according to Last Word Media research. Alternative Investments How Hong Kong’s Taxes Spawned Billionaires and Bred Inequality News Aggregation Team Wednesday, October 16, 2019 1:00 am http://apbankers.net/article/52056/how-hong-kongamprsquos-taxes-spawned-billionaires-and-bred-inequality How Hong Kong’s Sky-High Home Prices Feed the Unrest: QuickTake Tax Over 130,000 high net-worth individuals served tax notices News Aggregation Team Tuesday, October 08, 2019 1:00 am http://apbankers.net/article/51906/over-130000-high-net-worth-individuals-served-tax-notices The incumbent government has been successful in broadening the tax base during the its first year in the office, as data showed that around 783,039 new taxpayers filed returns with the tax department as a result of various schemes, including a tax amnesty Tax ANZ Bank to take A$559m hit from increased customer remediation provisions News Aggregation Team Tuesday, October 08, 2019 1:00 am http://apbankers.net/article/51914/anz-bank-to-take-a559m-hit-from-increased-customer-remediation-provisions The bank had already put aside A$928 million before tax to address remediation costs following the sector-wide abuses exposed by the Hayne Royal Commission. Tax Japan consumers cautious on spending despite expected limited drag from sales tax increase News Aggregation Team Tuesday, October 01, 2019 1:00 am http://apbankers.net/article/51785/japan-consumers-cautious-on-spending-despite-expected-limited-drag-from-sales-tax-increase The impact of the tax increase on consumer spending is important because private consumption accounts for 60 per cent of Japan’s gross domestic product Tax South Korea strengthening taxation of YouTubers News Aggregation Team Tuesday, October 01, 2019 1:00 am http://apbankers.net/article/51786/south-korea-strengthening-taxation-of-youtubers The government is moving to strengthen taxation of high-income influencers and content creators on social networking services, including YouTubers, to prevent tax evasion, according to documents submitted to lawmakers on Monday. Tax Philippines Closes First Gambling Operator for Tax Evasion News Aggregation Team Friday, September 27, 2019 1:00 am http://apbankers.net/article/51736/philippines-closes-first-gambling-operator-for-tax-evasion Company found without VAT registration and in breach of country’s tax code Tax The ‘Panama Papers’ drew shady tax dealings into the light – but nothing has changed since News Aggregation Team Thursday, September 26, 2019 1:00 am http://apbankers.net/article/51699/the-amplsquopanama-papersamprsquo-drew-shady-tax-dealings-into-the-light-ampndash-but-nothing-has-changed-since The Paradise Papers consist of 13.4 million pages that reveal the global rich avoiding tax payments by using offshore tax havens and secrecy jurisdictions. Tax Chinese billionaire hid $170m from the ATO News Aggregation Team Wednesday, September 18, 2019 1:00 am http://apbankers.net/article/51572/chinese-billionaire-hid-170m-from-the-ato The ATO said this was nearly twice the amount Mr Huang had transferred out of Australia the previous year. Tax Income Tax serves notices to Reliance First Family under Black Money Act News Aggregation Team Sunday, September 15, 2019 1:00 am http://apbankers.net/article/51507/income-tax-serves-notices-to-reliance-first-family-under-black-money-act In a closely guarded move, notices were served on March 28, 2019 in the names of Mukesh Ambani’s wife Nita Ambani and their three children for their alleged “undisclosed foreign income and assets”. Tax I-T department to adopt ''taxpayer friendly'' approach News Aggregation Team Monday, August 19, 2019 1:00 am http://apbankers.net/article/51036/i-t-department-to-adopt-amp039amp039taxpayer-friendlyamp039amp039-approach The department will use friendly language in its communications with taxpayers rather than intimidating, according to a source, amid allegations of intrusive, threatening and arbitrary behaviour by the department. Tax Malaysia rises to 16th place in ranking of world’s best retirement schemes, and is third best in Asia: Mercer News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52174/malaysia-rises-to-16th-place-in-ranking-of-worldamprsquos-best-retirement-schemes-and-is-third-best-in-asia-mercer Assessing retirement systems across the sub-indices of adequacy, sustainability and integrity, MMGPI compares retirement systems across the globe and covers almost two-thirds of the world’s population. Comment, Analysis & Research McKinsey: «Banks Need To Make Bold Moves Now» News Aggregation Team Wednesday, October 23, 2019 1:00 am http://apbankers.net/article/52177/mckinsey-amplaquobanks-need-to-make-bold-moves-nowampraquo Banks in developed markets have strengthened productivity and managed risk costs, lifting ROTE from 6.8 percent to 8.9 percent. Comment, Analysis & Research Swiss remain the richest in the world News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52141/swiss-remain-the-richest-in-the-world Financial assets make up 55% of gross wealth in Switzerland – a little higher than their share in the UK, but less than in Japan or the United States. Comment, Analysis & Research Hong Kong Amongst High Net Worth Wealth Loss Leaders News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52143/hong-kong-amongst-high-net-worth-wealth-loss-leaders China’s Second Slow Wealth Growth Year Comment, Analysis & Research PH pension system fourth worst in the world – study News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52144/ph-pension-system-fourth-worst-in-the-world-ampndash-study The study assessed a country's retirement benefits program on the grounds of adequacy, or if the pension payments are enough; sustainability, or the long-term fund life; and integrity, or its governance and regulation. Comment, Analysis & Research 'Society as a whole can be more proactive when it comes to championing female founders': interview with regional head of HSBC Private Banking News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52145/amp039society-as-a-whole-can-be-more-proactive-when-it-comes-to-championing-female-foundersamp039-interview-with-regional-head-of-hsbc-private-banking International Investment talks with Siew Meng Tan, regional head of HSBC Private Banking about the bank's survey that shows that more than a third of female entrepreneurs suffer gender bias when they try to raise capital. Comment, Analysis & Research Index says Philippine retirement system 4th worst News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52156/index-says-philippine-retirement-system-4th-worst The Philippines ranked the lowest in terms of integrity where it had a subindex score of 34.7 and third lowest in terms of adequacy with its 39 sub-index value. Comment, Analysis & Research Eurasia Group/Vontobel study: US-China battle for digital supremacy can create a dilemma for Europe News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52165/eurasia-groupvontobel-study-us-china-battle-for-digital-supremacy-can-create-a-dilemma-for-europe Potential winners: Bangladesh, Indonesia, Malaysia, Thailand, Taiwan and Vietnam, as well as Argentina, Brazil, Chile and Mexico Comment, Analysis & Research Over a third of women entrepreneurs face gender bias when raising capital: HSBC News Aggregation Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52140/over-a-third-of-women-entrepreneurs-face-gender-bias-when-raising-capital-hsbc "To tackle gender bias, I believe we need to showcase more successful female entrepreneurs" Comment, Analysis & Research 7 reasons why you need this offshore account News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52120/7-reasons-why-you-need-this-offshore-account Manage all your accounts across countries on a single platform Comment, Analysis & Research Online payment facility for BOI customers News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52125/online-payment-facility-for-boi-customers It is not only the customers of BOI who stand to gain from this initiative, but it also improve the internal efficiencies within BOI where activities related to physical payment acceptance and reconciliation will be reduced dramatically. Retail Banking Select Singapore Banks to be Authorized to Offer Chinese Bonds News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52055/select-singapore-banks-to-be-authorized-to-offer-chinese-bonds Select lenders in Singapore will be authorized to provide trading, settlement and custody services for Chinese interbank bonds on behalf of foreign investors. Retail Banking Citibank Taiwan gives clients access to 14 currencies News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52069/citibank-taiwan-gives-clients-access-to-14-currencies Clients who activate the “Citibank Global Wallet” would be able to buy the foreign currencies at preferred rates online, and can withdraw them at ATMs overseas or make transactions through debit cards when traveling abroad, Hu said. Retail Banking Bank of Baroda enters into partnership with Paisabazaar.com News Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52088/bank-of-baroda-enters-into-partnership-with-paisabazaarcom Bank of Baroda presently offers home loans linked to repo rate with rates starting @ 8.10%. As on 31st March 2019 Retail Banking Efma and Accenture Announce Winners of Customer Insight & Growth Banking Innovation Awards News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52094/efma-and-accenture-announce-winners-of-customer-insight-ampamp-growth-banking-innovation-awards The winners were selected by a panel of judges comprising senior retail bankers from around the world and by Efma members and non-members from retail institutions who voted online. Retail Banking 2019 Commonwealth Bank Annual General Meeting: chairman's Address News Team Wednesday, October 16, 2019 1:00 am http://apbankers.net/article/52041/2019-commonwealth-bank-annual-general-meeting-chairmanamp039s-address Full text of chairman Catherine Livingstone's address to shareholders at Commonwealth Bank's 2019 Annual General Meeting. Retail Banking DBS Considers Joining Race for Bank Permata Indonesia News Aggregation Team Thursday, October 10, 2019 1:00 am http://apbankers.net/article/51941/dbs-considers-joining-race-for-bank-permata-indonesia Shares of Permata jumped as much as 3.9% on Wednesday afternoon in Jakarta to the highest level since February. Retail Banking Honeymoon over for NAB as rising compensation bill bites News Aggregation Team Monday, October 07, 2019 1:00 am http://apbankers.net/article/51877/honeymoon-over-for-nab-as-rising-compensation-bill-bites Many are no longer feeling the love after the bank hiked its annual compensation bill to $2 billion arising from the Hayne commission, and saw its share price slide around 7 per cent over the next several sessions. Retail Banking NAB hit with extra billion in remediation News Aggregation Team Friday, October 04, 2019 1:00 am http://apbankers.net/article/51844/nab-hit-with-extra-billion-in-remediation The key items giving rise to increased provisions by NAB for customer remediation are adviser service fees charged by NAB advice partnerships. Retail Banking Saga of China’s Bank of Jinzhou raises questions about the health of Chinese banking sector News Aggregation Team Friday, October 04, 2019 1:00 am http://apbankers.net/article/51853/saga-of-chinaamprsquos-bank-of-jinzhou-raises-questions-about-the-health-of-chinese-banking-sector China’s troubled Bank of Jinzhou is seeking to raise 6.2 billion yuan (US$866 million) just two months after it secured a 3 billion yuan (US$419 million) bailout Retail Banking Jefferies readies Affinity's MedicalDirector for buyers News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52158/jefferies-readies-affinityamp039s-medicaldirector-for-buyers While the sale process is at a very early stage, Jefferies has started contacting trade and other potential buyers to introduce the company, as first reported by this column on Tuesday. Investment Bank What’s the latest for the HSBC share price ahead of its Q3 earnings? News Aggregation Team Tuesday, October 22, 2019 1:00 am http://apbankers.net/article/52160/whatamprsquos-the-latest-for-the-hsbc-share-price-ahead-of-its-q3-earnings HSBC will unveil its Q3 results next week, with investors eager for an update on the bank’s performance after a mixed first six months of trading that saw its Asia business offsetting rising operating costs. Investment Bank BEA launches its second HK retail FMP News Aggregation Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52134/bea-launches-its-second-hk-retail-fmp BEA Union Investment aims to build an enhanced yield-generating portfolio from Asian bonds. Investment Bank JPMorgan, SocGen earn W7.7 bil. from DLF fiasco News Aggregation Team Monday, October 21, 2019 1:00 am http://apbankers.net/article/52139/jpmorgan-socgen-earn-w77-bil-from-dlf-fiasco The lawmaker pointed out the financial services companies did not bear any risks in the process. Investment Bank Citigroup to set up wholly owned business in China News Aggregation Team Thursday, October 17, 2019 1:00 am http://apbankers.net/article/52061/citigroup-to-set-up-wholly-owned-business-in-china The China Securities Regulatory Commission last week said that overseas institutions could apply for total control starting next year. Investment Bank Citi to set up wholly owned securities business in China News Aggregation Team Wednesday, October 16, 2019 1:00 am http://apbankers.net/article/52039/citi-to-set-up-wholly-owned-securities-business-in-china A late entrant into China’s securities market, Citigroup is among the first global banks planning to take advantage of China’s decision to allow full foreign ownership of financial services companies in the country. Investment Bank HSBC Reviews Equities Unit News Aggregation Team Monday, October 14, 2019 1:00 am http://apbankers.net/article/52000/hsbc-reviews-equities-unit Global equities revenues were $1.2bn (£930m) last year, representing about 2 percent of group revenues. Investment Bank Bank of Baroda announces merge of Mutual Fund arm with BNP Paribas News Aggregation Team Monday, October 14, 2019 1:00 am http://apbankers.net/article/52003/bank-of-baroda-announces-merge-of-mutual-fund-arm-with-bnp-paribas The merger will leverage on the depth of BNP Paribas’ asset management knowledge and experience in running Indian retail networks Investment Bank South Africa's Absa Plans China Office in Asia Investment Banking Expansion News Aggregation Team Friday, October 11, 2019 1:00 am http://apbankers.net/article/51967/south-africaamp039s-absa-plans-china-office-in-asia-investment-banking-expansion Bank seeks on-the-ground presence from next year, CIB CEO says Investment Bank HSBC to lay off staff in India operations as part of cost-cutting drive News Aggregation Team Thursday, October 10, 2019 1:00 am http://apbankers.net/article/51940/hsbc-to-lay-off-staff-in-india-operations-as-part-of-cost-cutting-drive As many as 40 staffers, in the key equities and investment banking division in India, could be asked to leave Investment Bank Indonesia’s new green fund urged to focus on rainforest protection News Aggregation Team Sunday, October 20, 2019 1:00 am http://apbankers.net/article/52127/indonesiaamprsquos-new-green-fund-urged-to-focus-on-rainforest-protection The agency could potentially raise up to 800tn rupiah ($56.5bn) for environmental projects, Indonesia’s finance minister told reporters. ESG MSCI's China benchmark firms improve ESG ratings News Aggregation Team Tuesday, October 15, 2019 1:00 am http://apbankers.net/article/52024/msciamp039s-china-benchmark-firms-improve-esg-ratings According to Xiaoshu Wang, MSCI’s vice president of ESG research, the improvement shows that Beijing’s new laws and policies to promote better ESG practices and disclosure are beginning to have an effect. ESG Standard Chartered Launches Sustainable Deposit Solution News Aggregation Team Wednesday, October 09, 2019 1:00 am http://apbankers.net/article/51926/standard-chartered-launches-sustainable-deposit-solution This follows what the bank claims to be the world’s first SDG deposit product launched in Europe by Standard Chartered in May 2019. ESG Aviva unveils ESG fund for Singaporean retail clients News Aggregation Team Wednesday, October 09, 2019 1:00 am http://apbankers.net/article/51928/aviva-unveils-esg-fund-for-singaporean-retail-clients To help people in the Lion City plan for their retirement ESG Carbon offsetting: the frequently asked questions News Aggregation Team Wednesday, October 09, 2019 1:00 am http://apbankers.net/article/51934/carbon-offsetting-the-frequently-asked-questions Here are some of the most commonly-asked questions about carbon accounting. ESG Data provider jumps into ESG measurement morass News Aggregation Team Tuesday, October 08, 2019 1:00 am http://apbankers.net/article/51901/data-provider-jumps-into-esg-measurement-morass If there isn’t a common language of responsible investing for public markets, how on earth could anyone expect Preqin to develop one for private capital markets”? ESG Asia’s thirsty coal-fired power plants face water scarcity News Aggregation Team Tuesday, October 08, 2019 1:00 am http://apbankers.net/article/51897/asiaamprsquos-thirsty-coal-fired-power-plants-face-water-scarcity Coal-fired power plants that demand enormous amounts of water to cool down will prove to be an unsustainable source of electricity in the long run. ESG Sustainable Investing: what is it and what is the future of sustainable investing in Asia? News Aggregation Team Tuesday, October 01, 2019 1:00 am http://apbankers.net/article/51778/sustainable-investing-what-is-it-and-what-is-the-future-of-sustainable-investing-in-asia Over the past couple of decades we have witnessed the introduction of a dramatic number of laws, policies, targets and initiatives across the globe which are imprinting environmental and social considerations into the rules that govern our financial syste ESG Demand growing for ESG fixed income solutions in Asia News Aggregation Team Monday, September 30, 2019 1:00 am http://apbankers.net/article/51745/demand-growing-for-esg-fixed-income-solutions-in-asia HSBC Global Asset Management is looking to raise US$750 million for an emerging market green impact bond fund ESG HSBC GAM’s discretionary ESG approach News Aggregation Team Monday, September 30, 2019 1:00 am http://apbankers.net/article/51762/hsbc-gamamprsquos-discretionary-esg-approach Fund managers at HSBC Global Asset Management can accept or ignore ESG red flags, but they can’t deny the warnings, according to the firm’s responsible investment specialist. ESG