Managers of Wealth - Asia http://apbankers.net/ Sun, 18 Aug 2019 12:11:01 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Indian family office eyes expansion after acquisition News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50996/indian-family-office-eyes-expansion-after-acquisition Plans to bolster its advisory platform, broaden geographical reach and improve its operating platform Wealth and Asset Management UBS' Pesky «Pig» Problem News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51004/ubsamp039-pesky-amplaquopigampraquo-problem The situation remains fraught, two months after the original incident, which saw Donovan apologize – but not fast enough for UBS to lose a key Chinese deal. Wealth and Asset Management Asia's best private banks and wealth managers that stand out News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51005/asiaamp039s-best-private-banks-and-wealth-managers-that-stand-out The Asset is proud to announce the winners of the Private Banking and Wealth Management Awards 2019 Wealth and Asset Management Singapore banks can be the rock for wealth clients News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50968/singapore-banks-can-be-the-rock-for-wealth-clients The Singapore banks are increasingly dependent on wealth management as a driver of fees income. Wealth and Asset Management StanChart eyes $100 billion private bank assets in growth push, to hire bankers News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50969/stanchart-eyes-100-billion-private-bank-assets-in-growth-push-to-hire-bankers The private banking business accounted for just 3.8% of StanChart’s total profit before tax in the first-half of this year. Wealth and Asset Management Hawksford’s Alice Quek on the Unerring Dedication to Asia’s Private Clients News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50979/hawksfordamprsquos-alice-quek-on-the-unerring-dedication-to-asiaamprsquos-private-clients “Hawksford’s 60-year private client heritage makes us one of the most trusted names in fiduciary services for individuals and families from all over the world,” Quek begins. Wealth and Asset Management Bank of Singapore’s Tan: «Banking Needs to be a Lifestyle» News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50929/bank-of-singaporeamprsquos-tan-amplaquobanking-needs-to-be-a-lifestyleampraquo Naturally, Bank of Singapore’s growth was backed by a major hiring drive that saw headcount grow 2.2 times in the same period from 186 to 401. Wealth and Asset Management Portugal’s golden visa programme ‘swamped’ by inquiries from Hongkongers seeking alternative residence and a safe haven News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50936/portugalamprsquos-golden-visa-programme-amplsquoswampedamprsquo-by-inquiries-from-hongkongers-seeking-alternative-residence-and-a-safe-haven International property advisers say they’ve seen a surge in interest from Hongkongers regarding Portugal’s investor immigrant programme Wealth and Asset Management Citi puts bigger bet on Singapore with family offices as ace in hand News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50931/citi-puts-bigger-bet-on-singapore-with-family-offices-as-ace-in-hand Singapore has been very clever in the way it has attracted - and is attracting - family offices. Wealth and Asset Management Ex-ANZ adviser goes solo News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50938/ex-anz-adviser-goes-solo Laird chose RI Advice as her licensee after researching her options once she made the decision to go independent. Wealth and Asset Management MetLife appoints head of CX News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51008/metlife-appoints-head-of-cx Commenting on the appointment, Stafford noted Lina's depth of experience and how it will complement MetLife's CX journey so far. Executive Moves SSGA global equity beta head retires, promotes two News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51010/ssga-global-equity-beta-head-retires-promotes-two He joined the firm in August 2000 and was a member of the global portfolio strategy team until 2018 Executive Moves Industry fund names new CIO News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51011/industry-fund-names-new-cio His prior experience in superannuation and financial services includes holding senior roles at QIC and Suncorp Group. Executive Moves HSBC Singapore names head of wealth and international News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51018/hsbc-singapore-names-head-of-wealth-and-international He will ensure the continuity of key initiatives, and drive further growth for its wealth and international business in the new role. Executive Moves Merian Bolsters North Asia Business News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50967/merian-bolsters-north-asia-business She has also worked at J.P. Morgan Asset Management, HSBC Canada, HSBC Private Bank and Coutts. Executive Moves UBS’s Asian investment banking boss reveals who he wants to hire this year News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50970/ubsamprsquos-asian-investment-banking-boss-reveals-who-he-wants-to-hire-this-year Last November, the Swiss bank won regulatory approval to take a majority 51% stake in its UBS Securities joint venture in China, making it the first foreign bank to assume control under new rules announced by Beijing in 2017. Executive Moves HSBC Singapore names senior real estate lawyer and its global digital head as new directors News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50974/hsbc-singapore-names-senior-real-estate-lawyer-and-its-global-digital-head-as-new-directors Ms Goh will be an independent director on HSBC Singapore's board, and become a member of the lender's audit and risk committees. Executive Moves Dentons strengthens IP practice in Sydney with new Managing Associate Ana Hall Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50978/dentons-strengthens-ip-practice-in-sydney-with-new-managing-associate James has been recognised as a Next Generation lawyer for IP by the Legal500 Asia Pacific for 2018 and 2019, and was also listed this month in DOYLES’ list of Intellectual Property & TMT Rising Stars Australia, 2019. Executive Moves MyState Limited appoints new Non-Executive Director Ana Hall Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50985/mystate-limited-appoints-new-non-executive-director He was subsequently appointed Managing Director of ING Vysya Bank in India where he led a successful turnaround. Executive Moves HSBC Singapore names 3 senior hires in retail banking, wealth management News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50986/hsbc-singapore-names-3-senior-hires-in-retail-banking-wealth-management Mr Dutta has been with HSBC Group since 2013. Executive Moves Hong Kong Faces New Threat as Chinese Companies Reconsider IPOs News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50999/hong-kong-faces-new-threat-as-chinese-companies-reconsider-ipos Another banker said at least two companies are considering the same move for IPOs worth a combined $1 billion, adding that final decisions will depend on market conditions and whether the turmoil in Hong Kong eases. Legal, Regulation & Compliance CRS reveals Australians holding $100bn in offshore accounts: reports News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51006/crs-reveals-australians-holding-100bn-in-offshore-accounts-reports The CRS exchanges financial and tax-related information between states that includes account balances, names of account holders as well as any income accrued from investments, dividends or asset sales. Legal, Regulation & Compliance ASIC bans adviser again News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51007/asic-bans-adviser-again This was in conjunction with an undertaking from Aujla not to provide financial services, apply for either an Australian financial services licence or become an authorised representative of an AFSL for the full period. Legal, Regulation & Compliance Government fund seeks investment manager News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51009/government-fund-seeks-investment-manager ABSF will aim to lend $2 billion over time to lenders providing loans to small and medium business owners. Legal, Regulation & Compliance Partner got huge secret pay-off after accusing Clifford Chance of doctoring his appraisal News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51019/partner-got-huge-secret-pay-off-after-accusing-clifford-chance-of-doctoring-his-appraisal He also alleged that the report included other justifications for reducing his pay which were never presented to him during his appraisal, said a source. Legal, Regulation & Compliance The Macallan ALB Hong Kong Law Awards 2019 News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50976/the-macallan-alb-hong-kong-law-awards-2019 The firms leading the nominations are Baker McKenzie, Herbert Smith Freehills, King & Wood Mallesons, and Mayer Brown, with all of the finalists in more than 15 categories. Legal, Regulation & Compliance MAS slaps ban on 3 Singaporeans jailed for insider trading Ana Hall Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50983/mas-slaps-ban-on-3-singaporeans-jailed-for-insider-trading They are also prohibited from taking part in the management, acting as a director or becoming a substantial shareholder of any capital markets services firm under the SFA Legal, Regulation & Compliance Lux Realtor: Hong Kong’s Wealthy Fleeing to Avoid China News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50984/lux-realtor-hong-kongamprsquos-wealthy-fleeing-to-avoid-china Mermelstein’s underlined that some of his Hong Kong clients were first-generation mainland Chinese immigrants seeking stability but are now keen to distance themselves from China to protect their wealth and families. Legal, Regulation & Compliance OnePath enhances OneView Life News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50988/onepath-enhances-oneview-life OnePath head of propositions and group life Gerard Kerr said the changes show OnePath is serious about investing to ensure a solid partnership with advisers. Legal, Regulation & Compliance Carey Olsen shortlisted for two offshore awards in Asia Mitzi Limlengco Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50947/carey-olsen-shortlisted-for-two-offshore-awards-in-asia Winners of the China Law & Practice Awards will be announced at a ceremony at Kerry Hotel Beijing on Thursday 19 September Legal, Regulation & Compliance Virtual banks on the rise News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51001/virtual-banks-on-the-rise As digital banks start operating in Asian markets like South Korea and Hong Kong, there is a lot of promise as well as challenges arising from this new type of financial firm FinTech Aussie robo eyes Thai market News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51012/aussie-robo-eyes-thai-market Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets. FinTech STAR Market tech board offers hope to Chinese venture capitalists News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51016/star-market-tech-board-offers-hope-to-chinese-venture-capitalists Listing closer to the investor base is also easier “because there’s no language barrier or time differences,” Shen added. FinTech RCBC leads the way to open banking in the country News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51017/rcbc-leads-the-way-to-open-banking-in-the-country To get all these and other “perks”, most financial institutions would require one to become their preferred client. FinTech Q2 2019 Cryptocurrency Anti-Money Laundering Report Ana Hall Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50995/q2-2019-cryptocurrency-anti-money-laundering-report Rivalling robberies in the first quarter, hackers stole more than $124 million from exchanges and infrastructure in Q2, making a total of $227 million stolen from exchanges so far this year. FinTech Overseas Filipino Bank to become first digital lender in PH by 2020 News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50950/overseas-filipino-bank-to-become-first-digital-lender-in-ph-by-2020 The digital OF Bank will also provide a platform for bills payment, Borromeo said. FinTech Hong Kong’s financial technology is getting traction News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50951/hong-kongamprsquos-financial-technology-is-getting-traction The HKMA has also opened an application programming interface to enable startups to develop their own applications (apps). FinTech Zheshang Fund Aims to Launch China’s First AI-Managed Mutual Fund News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50953/zheshang-fund-aims-to-launch-chinaamprsquos-first-ai-managed-mutual-fund China’s unique social and political risks also lend themselves better to human analysis under certain circumstances, industry insiders say. FinTech China Cybersecurity and Data Protection: a major overhaul of the proposed data localisation regime News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50934/china-cybersecurity-and-data-protection-a-major-overhaul-of-the-proposed-data-localisation-regime If enacted, the 2019 Draft Measures will have a significant impact on the way that personal information export is regulated and will increase the compliance burden for both domestic and overseas companies that collect personal information from China. FinTech China’s central bank digital currency is “ready” after 5 years of development News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50891/chinaamprsquos-central-bank-digital-currency-is-ampldquoreadyamprdquo-after-5-years-of-development According to Changchun, the currency has been in the research and development phase since 2014. FinTech MLC transforms advice business News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50991/mlc-transforms-advice-business The group will exit the self-employed franchise models of MLC Advice Stores and NAB Financial Planning. Alternative Investments China lets global asset managers apply for mutual fund business News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51000/china-lets-global-asset-managers-apply-for-mutual-fund-business The Asset Management Association of China an industry body supervised by China’s securities regulator, said in a statement that it welcomes foreign private fund managers to apply for retail mutual fund businesses. Alternative Investments Malaysia fund industry assets up 2% in June, 8% in first half on stocks, bonds News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51002/malaysia-fund-industry-assets-up-2-in-june-8-in-first-half-on-stocks-bonds The SC typically posts the data without providing analysis. Alternative Investments Fidelity aims to launch two funds in Hong Kong News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51013/fidelity-aims-to-launch-two-funds-in-hong-kong Despite the difficult political and economic environment in Hong Kong, the firm hopes to eventually sell the newly SFC-authorised products. Alternative Investments German VC firm collects $6 mn directly from Korean individuals News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51014/german-vc-firm-collects-6-mn-directly-from-korean-individuals In comparison, investing in domestic venture firms, if successful, hardly returns over 10% per annum because of their limited growth potential in the home turf. Alternative Investments Anbang to sell entire US$2.4b Japan property portfolio; Blackstone seen bidding: sources News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50975/anbang-to-sell-entire-us24b-japan-property-portfolio-blackstone-seen-bidding-sources Anbang paid Blackstone around 260 billion yen (S$3.38 billion) for the assets in 2017, in what was Japan's biggest property deal since the global financial crisis. Alternative Investments Kora Management to invest $125 million in Edelweiss Group News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50977/kora-management-to-invest-125-million-in-edelweiss-group Kora Management is already an investor in Edelweiss Alternative Investments South Korea to Invest in the Future of Africa News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50980/south-korea-to-invest-in-the-future-of-africa Part of the dialogue was about understanding Africa and helping build an entrepreneurial presence on the continent. Alternative Investments SonKim Land Announces US$121 Million Follow-up Fundraising from an Investor Consortium led by EXS Capital, ACA Investments, and Credit Suisse Kris Borres Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50981/sonkim-land-announces-us121-million-follow-up-fundraising-from-an-investor-consortium-led-by-exs-capital-aca-investments-and-credit-suisse This is now the 2nd round of investment from ACA Investments and the 3rd round of investment from Lemongrass Master Fund. Alternative Investments Ontario Teachers' Ontario Teachers' Pension Plan going on hiring spree overseasPlan going on hiring spree overseas News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50982/ontario-teachersamp039-ontario-teachersamp039-pension-plan-going-on-hiring-spree-overseasplan-going-on-hiring-spree-overseas OTPP managed around C$191 billion ($144 billion) in assets as of the end of 2018 for 327,000 working and retired teachers. Alternative Investments Tariffs on Chinese-Origin Art and Antiques Set to Come into Effect on September 1 News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50994/tariffs-on-chinese-origin-art-and-antiques-set-to-come-into-effect-on-september-1 The 10% tariff as currently proposed would apply to any such artworks originally created in China, regardless of the country of export Tax New tax data reveals Australians hold $100bn in offshore accounts News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50972/new-tax-data-reveals-australians-hold-100bn-in-offshore-accounts More than 1.6m accounts identified in data shared with Australian authorities by 65 countries including tax havens Tax ATO warns of SMSF concentration risk News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50965/ato-warns-of-smsf-concentration-risk Many of the SMSFs in the ATO's sights have limited recourse borrowing arrangements in place, with most of the almost 18,000 SMSFs holding most of their assets in property. Tax New Zealand-Swiss tax agreement tightens net on avoidance News Aggregation Team Friday, August 09, 2019 1:00 am http://apbankers.net/article/50876/new-zealand-swiss-tax-agreement-tightens-net-on-avoidance The new agreement includes provisions to reduce multinational tax avoidance by incorporating base erosion and profit shifting measures, he added. Tax Rex Patrick wants Cayman links disclosed News Aggregation Team Thursday, August 08, 2019 1:00 am http://apbankers.net/article/50827/rex-patrick-wants-cayman-links-disclosed The ATO has advised that it is unable to use client data to identify the numbers of Australian companies to the level of specificity or accuracy required to answer these questions Tax Tax Haven Crackdown Catches Asia Hedge Funds in Its Crosshairs News Aggregation Team Thursday, August 01, 2019 1:00 am http://apbankers.net/article/50701/tax-haven-crackdown-catches-asia-hedge-funds-in-its-crosshairs Funds that use Cayman investment managers will be impacted Tax Hong Kong Hedge Funds Caught in Tax Haven Clampdown News Aggregation Team Thursday, August 01, 2019 1:00 am http://apbankers.net/article/50712/hong-kong-hedge-funds-caught-in-tax-haven-clampdown Hong Kong hedge funds are particularly affected because they use Cayman investment managers, while offshore management companies have been less popular among European managers in recent years, according to Bloomberg. Tax Indian firms tapped Mauritius to save on taxes News Aggregation Team Tuesday, July 30, 2019 1:00 am http://apbankers.net/article/50671/indian-firms-tapped-mauritius-to-save-on-taxes The African island nation is the main provider of foreign direct investment (FDI) to India and also the preferred jurisdiction for Indian outward investments into Africa. Tax Foreign investors pull out $1 billion from India amid fears of super-rich tax News Aggregation Team Thursday, July 25, 2019 1:00 am http://apbankers.net/article/50558/foreign-investors-pull-out-1-billion-from-india-amid-fears-of-super-rich-tax Addressing lawmakers last week, Sitharaman said FPIs could restructure their trusts as companies to avoid the surcharge. Tax Higher taxes threaten India’s fledgling hedge funds News Aggregation Team Wednesday, July 17, 2019 1:00 am http://apbankers.net/article/50394/higher-taxes-threaten-indiaamprsquos-fledgling-hedge-funds The Securities and Exchange Board of India, or SEBI, has always been suspicious of the source of capital for hedge funds investing in India from Singapore or Hong Kong Tax China is disrupting the world's diamond sector News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50993/china-is-disrupting-the-worldamp039s-diamond-sector The "sustainability" issue is becoming a bigger selling point for lab-grown diamonds. Comment, Analysis & Research Singapore Surges to Third-Largest Fintech Market in APAC News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51020/singapore-surges-to-third-largest-fintech-market-in-apac China and India experienced declines of 49 percent and 21 percent respectively, while gains were recorded in Japan (33 percent), Sweden (40 percent) and Germany (27 percent). Comment, Analysis & Research The Asian country leading the way for women fund managers News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50948/the-asian-country-leading-the-way-for-women-fund-managers Which Asian country has the highest proportion of women fund managers and why are inclusion rates so much higher in the region? Comment, Analysis & Research Why is Singapore so far behind Malaysia on responsible investing? News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50958/why-is-singapore-so-far-behind-malaysia-on-responsible-investing A study by Bloomberg has found that Malaysian asset managers are more bullish about the value of responsible investing than their counterparts in Singapore, and have a more mature understanding of its worth. How so? Comment, Analysis & Research 46 Percent of Legal Organizations to Experience a Cybersecurity Incident in the Next Year Mitzi Limlengco Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50971/46-percent-of-legal-organizations-to-experience-a-cybersecurity-incident-in-the-next-year The need to protect sensitive business and personal data made the legal industry one of the earliest adopters of Managed Detection and Response technologies Comment, Analysis & Research Crypto criminals rake in $4.3 billion in 2019 so far, says new report News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50935/crypto-criminals-rake-in-43-billion-in-2019-so-far-says-new-report Over just the last few months alone, hackers and cyberthieves managed to steal roughly $160 million in assorted crypto funds Comment, Analysis & Research Investment in adviser fintech lowest since early 2018 News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50937/investment-in-adviser-fintech-lowest-since-early-2018 Dip in venture capital funding, but early stage companies are tackling a variety of adviser challenges Comment, Analysis & Research Indians becoming billionaires at fastest pace in the world, but there is a catch Kris Borres Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50939/indians-becoming-billionaires-at-fastest-pace-in-the-world-but-there-is-a-catch While India is among the fastest-growing economies of the world, it is one of the world leaders in income disparity as well. Comment, Analysis & Research US – China trade: the view from Nikko AM News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50942/us-ampndash-china-trade-the-view-from-nikko-am Equity dividend yields should also start protecting the downside more now, as risk free rates keep falling. Comment, Analysis & Research Why Singapore has eclipsied Hong Kong as the home of Asian wealth News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50909/why-singapore-has-eclipsied-hong-kong-as-the-home-of-asian-wealth Singapore has eclipsed Hong Kong to become the new home of wealth in Asia. John Arlidge reports Comment, Analysis & Research OCBC plans to bid for StanChart-backed Indonesian lender News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/50998/ocbc-plans-to-bid-for-stanchart-backed-indonesian-lender Singapore’s second-largest lender is interested in buying the stakes held by Standard Chartered and Astra International. Retail Banking Banks betting on steeper RBA rate cuts as risks rise News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51003/banks-betting-on-steeper-rba-rate-cuts-as-risks-rise HSBC had expected the Reserve Bank of Australia to halt its current easing cycle after two back-to-back reductions in June and July to a record low of 1 per cent. Retail Banking Kenyan bank eyes representative office in China News Aggregation Team Thursday, August 15, 2019 1:00 am http://apbankers.net/article/50997/kenyan-bank-eyes-representative-office-in-china The proposed Beijing office will not undertake any banking activities but will seek to provide a platform for Chinese investors who want to establish presence in Kenya, he said. Retail Banking Australians Haven’t Fully Embraced Digital-Only Banks, But Open Banking Could Change That: Forrester Kris Borres Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50954/australians-havenamprsquot-fully-embraced-digital-only-banks-but-open-banking-could-change-that-forrester More than half of Australian consumers ruled out a switch to digital-only banking entirely in the next two years. Retail Banking CBA looks to India after poaching ANZ's offshore boss News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50920/cba-looks-to-india-after-poaching-anzamp039s-offshore-boss Pankajam Sridevi has been lured to run CBA's relatively small Indian team Retail Banking Financial Wisdom to shut down News Aggregation Team Wednesday, August 07, 2019 1:00 am http://apbankers.net/article/50809/financial-wisdom-to-shut-down As at August 1, there was 317 advisers licensed by Financial Wisdom. Retail Banking HSBC Singapore rolls out global mortgage solution, starting with property in Australia News Aggregation Team Wednesday, August 07, 2019 1:00 am http://apbankers.net/article/50819/hsbc-singapore-rolls-out-global-mortgage-solution-starting-with-property-in-australia According to HSBC, customers will also be accorded the HSBC Premier status in Singapore once they take up this international mortgage solution, giving them access to relationship manager support via HSBC's Premier International Centres in the region, Retail Banking OCBC’s Latest Earnings: Firing on All Cylinders News Aggregation Team Tuesday, August 06, 2019 1:00 am http://apbankers.net/article/50783/ocbcamprsquos-latest-earnings-firing-on-all-cylinders OCBC just reported its Q2 2019 earnings and its business was firing on all cylinders. Retail Banking Japanese asset manager completes acquisition of First State Investments News Aggregation Team Monday, August 05, 2019 1:00 am http://apbankers.net/article/50761/japanese-asset-manager-completes-acquisition-of-first-state-investments "Under MUFG ownership, we will have the financial backing and shared strategic vision to enable us to become an even stronger global investment manager. Retail Banking Singapore's OCBC, UOB eye regional expansion as profits grow News Aggregation Team Saturday, August 03, 2019 1:00 am http://apbankers.net/article/50736/singaporeamp039s-ocbc-uob-eye-regional-expansion-as-profits-grow Quarterly earnings at both banks exceed expectations Retail Banking S. Korean Investment Banking Industry Embroiled in DLS Controversy News Aggregation Team Friday, August 16, 2019 1:00 am http://apbankers.net/article/51015/s-korean-investment-banking-industry-embroiled-in-dls-controversy While filing a complaint with the financial authorities, they are also planning to take legal action against securities companies and asset management firms that have designed the fund products. Investment Bank In the eyes of many, HSBC is no longer so special to Hong Kong News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50894/in-the-eyes-of-many-hsbc-is-no-longer-so-special-to-hong-kong Departure of CEO John Flint after just 18 months in the job is but one indication that the lender has lost its status as city’s favoured son Investment Bank Bank of Japan watchers see more stimulus in September News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50896/bank-of-japan-watchers-see-more-stimulus-in-september Citigroup Inc economists see more stimulus at the meeting if the yen keeps gaining. Investment Bank As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut News Aggregation Team Sunday, August 11, 2019 1:00 am http://apbankers.net/article/50893/as-hong-kong-lenders-trim-staff-prospects-tighten-for-some-expat-bankers-unless-they-change-roles-take-a-pay-cut Banks in Hong Kong are increasingly focused on local hires with language skills, according to headhunters Investment Bank Deutsche Bank Reorganizes Asian Investment Bank After Cuts News Aggregation Team Sunday, August 11, 2019 1:00 am http://apbankers.net/article/50883/deutsche-bank-reorganizes-asian-investment-bank-after-cuts The new set-up of Deutsche Bank’s Asian investment bank is part of a sweeping restructuring unveiled by Chief Executive Officer Christian Sewing one month ago that includes 18,000 job cuts by the end of 2022 and will decrease the lender’s reli Investment Bank Mirae Asset enjoys earnings surprise in Q2 News Aggregation Team Friday, August 09, 2019 1:00 am http://apbankers.net/article/50874/mirae-asset-enjoys-earnings-surprise-in-q2 Mirae Asset recorded over 200 billion won in net profit in six quarters since the first quarter of 2018. Investment Bank BOJ policy makers divided on easing News Aggregation Team Thursday, August 08, 2019 1:00 am http://apbankers.net/article/50832/boj-policy-makers-divided-on-easing The BOJ must communicate more clearly its resolve to take additional monetary easing steps without hesitation if the momentum to achieve its price target is under threat Investment Bank Standard Chartered, Hang Seng Bank close branches as citywide strike, protests wreak chaos in Hong Kong News Aggregation Team Wednesday, August 07, 2019 1:00 am http://apbankers.net/article/50798/standard-chartered-hang-seng-bank-close-branches-as-citywide-strike-protests-wreak-chaos-in-hong-kong Standard Chartered, one of the three banks that issue currency in Hong Kong, closed several branches in the afternoon, China Citic Bank International closed five out of its 30 branches, and Citibank closed two branches an hour earlier than usual. Investment Bank MUFG concludes First State Investments purchase in $2.7bn deal News Aggregation Team Monday, August 05, 2019 1:00 am http://apbankers.net/article/50766/mufg-concludes-first-state-investments-purchase-in-27bn-deal Mitsubishi UFJ Trust and Banking president and CEO Mikio Ikegaya said: “We are committed to supporting FSI’s strategy of delivering high-quality investment capabilities and establishing and maintaining strong client relationships. Investment Bank CIMB shuts HK investment banking operations News Aggregation Team Saturday, August 03, 2019 1:00 am http://apbankers.net/article/50737/cimb-shuts-hk-investment-banking-operations The bank was reported to have let go of 10 investment bankers based in Hong Kong due to strong competition, leaving only one to oversee the transition, capital markets publication IFR reported. Investment Bank Australia Announces Aus$500 Million ($340 Million) Climate Change Package for Pacific Island Countries News Aggregation Team Wednesday, August 14, 2019 1:00 am http://apbankers.net/article/50952/australia-announces-aus500-million-340-million-climate-change-package-for-pacific-island-countries The climate-sceptic leader made the announcement before traveling to the Pacific Islands Forum (PIF) in Tuvalu ESG Expanding the green bond universe News Aggregation Team Tuesday, August 13, 2019 1:00 am http://apbankers.net/article/50925/expanding-the-green-bond-universe Record growth in the market for first half of 2019 is a positive sign but there is still more room to grow, especially in Asia ESG China: an emerging leader on climate change News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50890/china-an-emerging-leader-on-climate-change China has, in the past few years, adopted various energy efficient measures to decarbonise its economy which was heavily dependent on fossil fuels for decades. ESG DBS Inks India Startup Partnership News Aggregation Team Monday, August 12, 2019 1:00 am http://apbankers.net/article/50912/dbs-inks-india-startup-partnership The three firms include women-focused e-commerce firm Even Cargo; mental healthcare startup Trust Circle, which leverages mobile AI tech for emotional resilience; and affordable medical device startup Incredible Devices. ESG Asia ESG ETF assets double to US$2 billion from 2015, Broadridge says News Aggregation Team Thursday, August 08, 2019 1:00 am http://apbankers.net/article/50834/asia-esg-etf-assets-double-to-us2-billion-from-2015-broadridge-says Australia, China and Japan are the three large markets for ETFs focused on environmental, social and governance criteria in Asia ESG BlackRock launches ESG global bond fund News Aggregation Team Monday, August 05, 2019 1:00 am http://apbankers.net/article/50771/blackrock-launches-esg-global-bond-fund The fund would aim to offer an access to a core fixed income exposure to global fixed income securities for environmental, social, governance aware investors ESG China is not the priority for Pacific island leaders – it’s climate change News Aggregation Team Sunday, August 04, 2019 1:00 am http://apbankers.net/article/50744/china-is-not-the-priority-for-pacific-island-leaders-ampndash-itamprsquos-climate-change But local leaders attending the Pacific Islands Forum (PIF) in Tuvalu from August 13-16 are wary their concerns will be sidelined if they become pawns in a wider power struggle. ESG HKIFA puts forward Green/Sustainable Finance Roadmap for the Asset Management Industry Mitzi Limlengco Friday, August 02, 2019 1:00 am http://apbankers.net/article/50734/hkifa-puts-forward-greensustainable-finance-roadmap-for-the-asset-management-industry The current regulatory requirements are not fully conducive to the use of cloud for record keeping purposes. ESG Renewables are powering to the top, but not for long News Aggregation Team Thursday, August 01, 2019 1:00 am http://apbankers.net/article/50704/renewables-are-powering-to-the-top-but-not-for-long The survey found investment confidence in renewables had dropped from 7.1 points out of 10 at the end of 2018, to 6.59 out of 10 in July 2019. ESG 40% of hedge funds now consider ESG News Aggregation Team Wednesday, July 31, 2019 1:00 am http://apbankers.net/article/50695/40-of-hedge-funds-now-consider-esg Research shows that sustainability analysis is being embraced by the hedge fund market ESG