Managers of Wealth - Asia http://apbankers.net/ Tue, 07 Jul 2020 10:09:51 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png Managers of Wealth - Asia KohanaPHP Schroders acquires majority stake in Hong Kong real estate investment manager Pamfleet News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57042/schroders-acquires-majority-stake-in-hong-kong-real-estate-investment-manager-pamfleet As of end-2019, London-based Schroders Investment Management had $662.6 billion of assets under management, and Schroders Real Estate had $21.6 billion of assets. Wealth and Asset Management Schroders to acquire majority stake in Pamfleet, a US$1.1 billion Asian real estate investment manager News Team Thursday, July 02, 2020 1:00 am http://apbankers.net/article/56978/schroders-to-acquire-majority-stake-in-pamfleet-a-us11-billion-asian-real-estate-investment-manager The acquisition reinforces Schroders’ private assets and real estate capabilities, building on the recent purchases of Blue Asset Management, the value-add real estate specialist in Munich, and Algonquin, the Pan-European value-add Real Estate Hotel Wealth and Asset Management KKR, Apollo Among Suitors for National Australia Bank's Wealth Unit: Sources News Aggregation Team Tuesday, June 30, 2020 1:00 am http://apbankers.net/article/56924/kkr-apollo-among-suitors-for-national-australia-bankamp039s-wealth-unit-sources KKR's interest comes on the heels of an agreement in May to pay A$1.7 billion for 55% of the Commonwealth Bank of Australia's wealth unit, Colonial First State. Wealth and Asset Management China unveils cross-border wealth management scheme with Hong Kong, Macau News Aggregation Team Tuesday, June 30, 2020 1:00 am http://apbankers.net/article/56925/china-unveils-cross-border-wealth-management-scheme-with-hong-kong-macau The announcement comes as China seeks to impose a new national security law on Hong Kong, and only two days before the 23rd anniversary of the territory’s return to Chinese rule. Wealth and Asset Management Asiamoney China Best Wealth Managers 2020 News Aggregation Team Tuesday, June 30, 2020 1:00 am http://apbankers.net/article/56946/asiamoney-china-best-wealth-managers-2020 The firm has continued to break new ground. Wealth and Asset Management Labuan IBFC: Interview with Chairman, Labuan International Insurance Association News Team Tuesday, June 30, 2020 1:00 am http://apbankers.net/article/56954/labuan-ibfc-interview-with-chairman-labuan-international-insurance-association In 2019, the insurance market’s profitability in Labuan IBFC grew by 43.7% and total gross premiums transacted at USD1.5 billion with 89% of the total premiums originating from the Asian market. Wealth and Asset Management Hong Kong still reigns as Asia’s leading wealth hub News Aggregation Team Monday, June 29, 2020 1:00 am http://apbankers.net/article/56888/hong-kong-still-reigns-as-asiaamprsquos-leading-wealth-hub Strong digital uptake, demonstrable investment savvy Wealth and Asset Management Julius Baer awarded Outstanding Wealth Management Technology Implementation News Team Monday, June 29, 2020 1:00 am http://apbankers.net/article/56927/julius-baer-awarded-outstanding-wealth-management-technology-implementation Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards- now in its second year Wealth and Asset Management Ping An Wealth Management Subsidiary Expands to Hong Kong News Aggregation Team Friday, June 26, 2020 1:00 am http://apbankers.net/article/56872/ping-an-wealth-management-subsidiary-expands-to-hong-kong Hong Kong ranks top among international financial markets for its sophisticated regulatory framework, open markets and diverse financial products. Wealth and Asset Management Gold nears eight-year high as second coronavirus wave fears grow News Team Thursday, June 25, 2020 1:00 am http://apbankers.net/article/56834/gold-nears-eight-year-high-as-second-coronavirus-wave-fears-grow "The combination of negative real yields and the prospect of an inflation surge due to massively increased money supply is sending prices higher,” adds Wilson. Wealth and Asset Management Crescent Institute appoints board of directors News Team Wednesday, July 08, 2020 1:00 am http://apbankers.net/article/57082/crescent-institute-appoints-board-of-directors The Crescent Institute has a mission to open tomorrow to everyone through inclusive professional networking with Australia’s political, business and cultural leaders on topics of national importance. Executive Moves SANNE strengthens corporate services offering with new senior appointment News Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57059/sanne-strengthens-corporate-services-offering-with-new-senior-appointment As a qualified Chartered Accountant, Brijesh has an impressive background in managing strategic global relationships Executive Moves Pinnacle appoints chief financial officer News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57067/pinnacle-appoints-chief-financial-officer Longan has held the role before, serving as Pinnacle's chief financial officer for two years to January 2013. Executive Moves Hostplus exec jumps to First State News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57068/hostplus-exec-jumps-to-first-state Antonellos has been with Hostplus for over 19 years, working as executive manager, client services and sales, and executive manager strategic partnerships. Executive Moves Australian Unity rejigs executive lineup News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57074/australian-unity-rejigs-executive-lineup The firm has launched a new green bond fund that will invest in fixed interest securities with the primary purpose of helping lower carbon emissions. Executive Moves RBC Wealth Management Grows Singapore Team News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57078/rbc-wealth-management-grows-singapore-team RBC has about 2,000 employees in Asia working across wealth management, global asset management, capital markets and investor and treasury services. Executive Moves True Potential distribution head Napier leaves for Bravura News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57083/true-potential-distribution-head-napier-leaves-for-bravura True Potential head of distribution Emma Napier has left for Bravura. Executive Moves Iress executive moves to non-executive roles News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57084/iress-executive-moves-to-non-executive-roles He will return to the role in 2021, Executive Moves BNY Mellon Appoints APAC Head of Treasury Services News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57024/bny-mellon-appoints-apac-head-of-treasury-services "Our investment in the growth of our business, and the continued development of our Payments, Liquidity and Trade solutions have generated new and exciting opportunities with our clients" Executive Moves J.P. Morgan Asset Management Bolsters Intermediary Business News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57025/jp-morgan-asset-management-bolsters-intermediary-business Personnel changes continue at J.P. Morgan Asset Management in Asia which shifted to a regional model earlier this year. Executive Moves HSBC Exec Had «No Choice» But to Support Security Law News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57063/hsbc-exec-had-amplaquono-choiceampraquo-but-to-support-security-law In addition to publicly expressed support from HSBC itself, Wong also individually supported the now effective legislation Legal, Regulation & Compliance Stability Key for Asia as Investors Look for Certainty News Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57065/stability-key-for-asia-as-investors-look-for-certainty The Chinese government, for instance, unveiled its latest stimulus package worth at least 4.5% of GDP at the National People’s Congress on 22 May. Legal, Regulation & Compliance China Tightens Capital Controls to Curb Bank Runs News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57069/china-tightens-capital-controls-to-curb-bank-runs The two bank runs in the year led to local government and police from the banks’ respective originating cities pleaded customers not to withdraw cash. Legal, Regulation & Compliance CBA and our watch provide free domestic and family violence workplace resources News Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57085/cba-and-our-watch-provide-free-domestic-and-family-violence-workplace-resources Since 2015, CBA has been working with community organisations and experts to address this issue and better understand what more we can do to help Legal, Regulation & Compliance The Hong Kong Autonomy Act News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57029/the-hong-kong-autonomy-act The HKAA was passed by unanimous consent, and therefore with veto-proof support, by the Senate and House of Representatives. Legal, Regulation & Compliance HSBC faces cross-party pressure to support Hong Kong staff seeking escape from China News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57036/hsbc-faces-cross-party-pressure-to-support-hong-kong-staff-seeking-escape-from-china Lisa Nandy, shadow foreign secretary, says the banks have a responsibility to their Hong Kong staff Legal, Regulation & Compliance Sharjah Asset Management joins forces with largest engineering consulting firm in Malaysia News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57038/sharjah-asset-management-joins-forces-with-largest-engineering-consulting-firm-in-malaysia The joint venture will constitute a major value to projects in the Emirate of Sharjah, which is always keen to adhere to the policies of the open market and provide all the facilities necessary to support investment and companies of all sizes and sectors. Legal, Regulation & Compliance Indonesia may take bank regulation away from OJK and return to central bank, report says News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57044/indonesia-may-take-bank-regulation-away-from-ojk-and-return-to-central-bank-report-says In a report on June 29, Reuters quoted OJK Chairman Wimboh Santoso as saying that the banking industry "on aggregate" is secure. Legal, Regulation & Compliance Hong Kong law leaves companies wary of fuzzy 'red line' News Aggregation Team Saturday, July 04, 2020 1:00 am http://apbankers.net/article/57014/hong-kong-law-leaves-companies-wary-of-fuzzy-amp039red-lineamp039 Banks and retailers fear inadvertently violating national security legislation Legal, Regulation & Compliance World Economic Outlook Update, June 2020 News Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57003/world-economic-outlook-update-june-2020 A Crisis Like No Other, An Uncertain Recovery Legal, Regulation & Compliance The Eight Virtual Banks of Hong Kong News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57060/the-eight-virtual-banks-of-hong-kong To advance the banking industry, in 2017 Hong Kong announced its intent to “bring Hong Kong into a New Era of Smart Banking.” FinTech Regional Fintech Startups Open HQ in Singapore News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57061/regional-fintech-startups-open-hq-in-singapore The firm is backed by venture capital firms Wavemaker Partners, Golden Gate Ventures, and 500 StartUps, as well as several large family offices across Asia. FinTech Trend Micro brings AWS-powered banking solution to Australia News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57062/trend-micro-brings-aws-powered-banking-solution-to-australia Trend Micro Cloud One is a platform designed to help businesses meet cloud security needs including providing regular updates. FinTech Investment app Evarvest is teaching users the tricks of the trade News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57064/investment-app-evarvest-is-teaching-users-the-tricks-of-the-trade The investment space is attractive to many, but is also full of pitfalls and unexpected financial costs. FinTech JBWere to continue using Praemium News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57079/jbwere-to-continue-using-praemium The two initially partnered on client reporting and administration solution on JBWere's wealth management portfolios on in 2016. FinTech IDEMIA Ramps up Its Japanese Office and Moves It to Tokyo’s Shibuya District News Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57050/idemia-ramps-up-its-japanese-office-and-moves-it-to-tokyoamprsquos-shibuya-district The new experience center will showcase IDEMIA technologies ranging from contactless biometric readers, facial recognition technology, smart banking cards, video investigation technologies, digital payment solutions and SIM Cards, to its latest 5G demo. FinTech FICO Survey: Banking Passwords Are Problematic! Filipinos Want Biometrics News Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57049/fico-survey-banking-passwords-are-problematic-filipinos-want-biometrics 72 percent of Filipinos are happy to provide their bank with a biometric FinTech Philippine tech newcomer eyes $726m IPO News Aggregation Team Sunday, July 05, 2020 1:00 am http://apbankers.net/article/57031/philippine-tech-newcomer-eyes-726m-ipo Converge challenges PLDT and Globe Telecom duopoly FinTech Wealth tech firm raises millions from Singapore family offices News Aggregation Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57001/wealth-tech-firm-raises-millions-from-singapore-family-offices Credit Suisse, which took a 10% stake in the company in 2017, has integrated the software onto its digital private banking platform for Singapore and Hong Kong clients. FinTech New Hong Kong virtual lender Ping An OneConnect, HSBC ease banking processes in battle for SME sector News Aggregation Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57022/new-hong-kong-virtual-lender-ping-an-oneconnect-hsbc-ease-banking-processes-in-battle-for-sme-sector We aim to serve the hundreds of thousands of SMEs and micro companies in Hong Kong that have long been ignored by the big banks. FinTech Taiwan's BLF opens tender for US$2.3 billion global corporate bond mandate News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57066/taiwanamp039s-blf-opens-tender-for-us23-billion-global-corporate-bond-mandate The five winning bidders will each oversee $460 million of investments. Alternative Investments FWD Completes MetLife Hong Kong Acquisition News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57070/fwd-completes-metlife-hong-kong-acquisition FWD will be renaming and rebranding the newly acquired businesses in the next few months. Alternative Investments Hong Kong’s ESR, Canada’s Manulife tie up to buy China logistics assets for 1.7 billion RMB News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57072/hong-kongamprsquos-esr-canadaamprsquos-manulife-tie-up-to-buy-china-logistics-assets-for-17-billion-rmb Toronto-based Manulife had around $900 billion of assets under management as of December 2019. Alternative Investments AustralianSuper throws weight behind SDG platform News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57075/australiansuper-throws-weight-behind-sdg-platform The SDGs aim to achieve better outcomes for people all over the world by addressing issues like healthcare access, clean water scarcity and protecting the environment. Alternative Investments Edelweiss books Rs 2,819 cr pre-tax loss in Q4 on spike in provisions News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57028/edelweiss-books-rs-2819-cr-pre-tax-loss-in-q4-on-spike-in-provisions Plans to bring PE as investor in wealth & asset mgt business; raise up to $200 mn in equity Alternative Investments DBS, Schroders launch multi-asset fund for retirement income planning News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57026/dbs-schroders-launch-multi-asset-fund-for-retirement-income-planning The distribution class offers intended payouts of 5 per cent per annum, while the accumulation class reinvests all potential coupons, dividends and capital gains back into the fund. Alternative Investments World’s largest pension fund loses $165 bn in worst quarter News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57032/worldamprsquos-largest-pension-fund-loses-165-bn-in-worst-quarter Japan’s Government Pension Investment Fund lost 17.7 trn yen in three months ended March. Alternative Investments Insurance companies form alliance in Taiwan News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57035/insurance-companies-form-alliance-in-taiwan Blockchain-based partnership makes life easier for customers with multiple policies Alternative Investments Temasek biggest shareholdings fall US$23.5 billion in three months News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57037/temasek-biggest-shareholdings-fall-us235-billion-in-three-months The government uses a formula that includes the expected long-term returns of all three entities to calculate the net investment return contribution, which helps fund the budget each year. Alternative Investments Japan’s Sumitomo Mitsui Trust opens US office News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57045/japanamprsquos-sumitomo-mitsui-trust-opens-us-office The company has three other overseas offices, in Hong Kong, London and Singapore. Alternative Investments Asia Tax Awards 2020: Shortlist announced News Aggregation Team Friday, June 26, 2020 1:00 am http://apbankers.net/article/56863/asia-tax-awards-2020-shortlist-announced The shortlist for the ITR Asia Tax Awards 2020 has been announced. Tax Global tax guide to doing business in... News Team Wednesday, June 24, 2020 1:00 am http://apbankers.net/article/56805/global-tax-guide-to-doing-business-in This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations. Tax Beijing courts UK firms with tax benefits News Aggregation Team Wednesday, June 24, 2020 1:00 am http://apbankers.net/article/56812/beijing-courts-uk-firms-with-tax-benefits Around 20 UK-based fund managers attended an online conference organised by the city of London and the Beijing Local Financial Supervision. Tax PwC Singapore launches new initiatives to support the community amidst COVID-19 News Team Tuesday, June 09, 2020 1:00 am http://apbankers.net/article/56502/pwc-singapore-launches-new-initiatives-to-support-the-community-amidst-covid-19 To help individuals and organisations increase digital acumen and upskill, PwC Singapore is releasing, "Digital Fitness for the World" learning app to the public for free from 8 June 2020 Tax ERS emerges as tax loophole for expats News Aggregation Team Friday, May 29, 2020 1:00 am http://apbankers.net/article/56309/ers-emerges-as-tax-loophole-for-expats Atlas Wealth Management managing director James Ridley said he has seen an increase in expats withdrawing their super for this reason. Tax ATO allows ERS access to New Zealanders News Aggregation Team Wednesday, May 20, 2020 1:00 am http://apbankers.net/article/56125/ato-allows-ers-access-to-new-zealanders The ATO said funds do not have to confirm that outcome with the ATO. Tax Indonesia planning 10% tax on foreign digital services News Aggregation Team Tuesday, May 19, 2020 1:00 am http://apbankers.net/article/56107/indonesia-planning-10-tax-on-foreign-digital-services The move was also aimed at boosting public revenue to help mitigate the impact of COVID-19 on Southeast Asia's biggest economy, it added. Tax Merging super funds guaranteed tax relief News Aggregation Team Friday, May 15, 2020 1:00 am http://apbankers.net/article/56039/merging-super-funds-guaranteed-tax-relief Fahy welcomed the permanent tax relief, and said it had been in the association's sights for some time. Tax No change of mind for ERS News Aggregation Team Thursday, May 07, 2020 1:00 am http://apbankers.net/article/55881/no-change-of-mind-for-ers "The individual is often not aware of this error until they receive the application approval correspondence or the actual payment." Tax Hong Kong revises guidance on advance tax rulings News Aggregation Team Thursday, April 30, 2020 1:00 am http://apbankers.net/article/55752/hong-kong-revises-guidance-on-advance-tax-rulings ings exchanged will be protected under the tax confidentiality provisions in the relevant tax treaty or convention. Tax Thailand's TMBAM Eastspring gets more time to repay investors of shuttered funds, report says News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57073/thailandamp039s-tmbam-eastspring-gets-more-time-to-repay-investors-of-shuttered-funds-report-says According to Mr. Boonchai, the company has returned over 68 billion baht (US$2.19 billion) to investors and there is another 80 billion baht to be repaid. Comment, Analysis & Research Govt should entice HK investors to move to Australia: Wealth manager News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57076/govt-should-entice-hk-investors-to-move-to-australia-wealth-manager Ordinarily, Australia would be one of the more attractive destinations for Hong Kong expats Comment, Analysis & Research Now What? by Gary Dugan News Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57077/now-what-by-gary-dugan That said many an equity investor is taking a positive view of developments. Comment, Analysis & Research Japan’s Richest Person Sees Wealth Soar To $29 Billion News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57080/japanamprsquos-richest-person-sees-wealth-soar-to-29-billion But with lockdowns easing, shoppers are returning, more so in Asia. Comment, Analysis & Research Could The UAE Replace Hong Kong As Asia’s Financial Center? News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57086/could-the-uae-replace-hong-kong-as-asiaamprsquos-financial-center A large number of financial transactions to the mainland have been routed through Hong Kong. Comment, Analysis & Research Gold Funds Underpin Pandemic Price Rally as Jewelers Vanish News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57027/gold-funds-underpin-pandemic-price-rally-as-jewelers-vanish The shift underscores the global push-and-pull for gold between western investors looking for a safe haven and traditional demand centers for physical gold in Asia. Comment, Analysis & Research AMP executive promoted after fears he would leave firm News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57039/amp-executive-promoted-after-fears-he-would-leave-firm AMP acussed sexual harrasment.. Comment, Analysis & Research Standard Chartered Private Bank finds increased affluent and HNW investor interest in sustainable investments amidst COVID-19 News Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57040/standard-chartered-private-bank-finds-increased-affluent-and-hnw-investor-interest-in-sustainable-investments-amidst-covid-19 42 per cent of investors will invest five to 15 percent of their funds in sustainable investments over the next three years Comment, Analysis & Research AMP closes ethical option to super members News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57058/amp-closes-ethical-option-to-super-members AMP has taken the AMP Capital Ethical Leaders Balanced fund off its investment menus for superannuation members Comment, Analysis & Research Jefferies in Asia: third time lucky? News Aggregation Team Thursday, July 02, 2020 1:00 am http://apbankers.net/article/56983/jefferies-in-asia-third-time-lucky The US investment bank is finally enjoying the fruits of a decade of investment in Asia. It has spent big to hire the bankers and analysts it needs to drive deal activity in China, Japan and Australia. Now the hard part starts – making money. Comment, Analysis & Research Commbank Accepting Applications For Next Rounds Of First Home Loan Deposit Scheme Places News Team Wednesday, July 01, 2020 1:00 am http://apbankers.net/article/56974/commbank-accepting-applications-for-next-rounds-of-first-home-loan-deposit-scheme-places Australians can now apply for the next round of places with Commonwealth Bank under the Government’s First Home Loan Deposit Scheme. Retail Banking CBA Welcomes Open Banking News Team Wednesday, July 01, 2020 1:00 am http://apbankers.net/article/56977/cba-welcomes-open-banking Data-driven innovation has the potential to deliver new services and better products to Australian consumers. Retail Banking IDBI Bank to sell 27% in insurance JV, Belgian firm raises stake to 49% News Aggregation Team Monday, June 29, 2020 1:00 am http://apbankers.net/article/56893/idbi-bank-to-sell-27-in-insurance-jv-belgian-firm-raises-stake-to-49 Ageas Insurance will hold 49 per cent in the venture while Federal Bank will have 30 per cent stake, with IDBI Bank holding the remaining 21 per cent stake in the insurance firm, after the stake sale. Retail Banking AmBank Group recognised as nation’s best mobile banking and wealth management experience News Aggregation Team Monday, June 29, 2020 1:00 am http://apbankers.net/article/56898/ambank-group-recognised-as-nationamprsquos-best-mobile-banking-and-wealth-management-experience Customer preference has shifted definitively from desktop computers to the mobile phone to access online services. Retail Banking DBS Bank India Limited records strong growth as profit rises more than six fold to INR 111 crores News Team Wednesday, June 24, 2020 1:00 am http://apbankers.net/article/56818/dbs-bank-india-limited-records-strong-growth-as-profit-rises-more-than-six-fold-to-inr-111-crores Net advances grew by 6% to INR 19,131 crore from INR 18,108 crore in the corresponding period of the previous year, despite a challenging external environment. Retail Banking UOB raises more than S$1.65 million in a month in its latest COVID-19 relief effort News Team Monday, June 22, 2020 1:00 am http://apbankers.net/article/56767/uob-raises-more-than-s165-million-in-a-month-in-its-latest-covid-19-relief-effort The funds will support frontline healthcare workers and vulnerable communities across the world through 31 beneficiaries Retail Banking Standard Chartered Gets Nosy With Job-Seekers News Aggregation Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56708/standard-chartered-gets-nosy-with-job-seekers The questions, she noted, are designed to foster corporate diversity and to foster an integrative workplace. Retail Banking Japanese banks' overseas investments hit new high despite market turbulence News Aggregation Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56712/japanese-banksamp039-overseas-investments-hit-new-high-despite-market-turbulence Japanese banks piled into foreign bonds, mortgage-backed securities and overseas investment trust funds to beat global interest rate declines in the first quarter, said Takuto Ninomiya, associate director-general of the BOJ's financial markets depart Retail Banking Xiaomi’s Airstar Bank Debuts as Hong Kong’s Second Virtual Bank News Aggregation Team Friday, June 12, 2020 1:00 am http://apbankers.net/article/56584/xiaomiamprsquos-airstar-bank-debuts-as-hong-kongamprsquos-second-virtual-bank Airstar Bank is owned 90% by Xiaomi and 10% by Hong Kong-based investment banking firm AMTD Group. The bank won a license in May 2019 and started a pilot run in March. Retail Banking CBA cracks down on tech-driven abuse News Team Tuesday, June 09, 2020 1:00 am http://apbankers.net/article/56499/cba-cracks-down-on-tech-driven-abuse The Commonwealth Bank of Australia has taken steps to tackle the issue of technology-facilitated abuse after it identified customers sending potentially abusive messages in banking transaction descriptions. Retail Banking China plans to turn its lenders into universal banks News Aggregation Team Monday, July 06, 2020 1:00 am http://apbankers.net/article/57033/china-plans-to-turn-its-lenders-into-universal-banks The release of licenses could also be seen as a strategy to counterbalance the imminent entrance or increase of weight of big foreign competitors that already offer a full spectrum of services. Investment Bank Goldman India CEO Tells Clients Liquidity is the ‘Biggest Theme’ News Aggregation Team Monday, June 29, 2020 1:00 am http://apbankers.net/article/56918/goldman-india-ceo-tells-clients-liquidity-is-the-amplsquobiggest-themeamprsquo The impact of the pandemic is pressuring India’s sprawling corporates to refine their priorities, Chatterjee said. Investment Bank DBS Inks Taxi Tie-Up News Aggregation Team Thursday, June 25, 2020 1:00 am http://apbankers.net/article/56858/dbs-inks-taxi-tie-up The two parties previously partnered to introduce QR code payment for taxi rides in 2017, which helped pave the way for consumers in Singapore to use QR code payments widely in everyday transactions. Investment Bank Nomura to Sell Stake in BDO Nomura News Team Wednesday, June 24, 2020 1:00 am http://apbankers.net/article/56820/nomura-to-sell-stake-in-bdo-nomura Nomura does not expect the divestment to have a material impact on its consolidated results. Investment Bank Are OCIO services gaining traction in Asia? News Aggregation Team Tuesday, June 23, 2020 1:00 am http://apbankers.net/article/56807/are-ocio-services-gaining-traction-in-asia Several players have launched outsourced chief investment officer services in the region, with BNY Mellon IM being the latest to roll out such service. Investment Bank HSBC hits out at ‘rumours’ with China investment vows News Aggregation Team Monday, June 22, 2020 1:00 am http://apbankers.net/article/56748/hsbc-hits-out-at-amplsquorumoursamprsquo-with-china-investment-vows The comments came after HSBC this month publicly voiced its support for a new security law China is planning to enact in Hong Kong after pressure from officials and Chinese media. Investment Bank China’s $3.5tn wealth management product market suffers losses News Aggregation Team Monday, June 22, 2020 1:00 am http://apbankers.net/article/56768/chinaamprsquos-35tn-wealth-management-product-market-suffers-losses While the potential losses in most cases is less than 1%, they could undermine depositors’ confidence in the already fragile banking system. Investment Bank UPDATE 1-Japan's banks face no immediate threat despite rising credit costs - lobby head News Aggregation Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56713/update-1-japanamp039s-banks-face-no-immediate-threat-despite-rising-credit-costs-lobby-head As the coronavirus outbreak has eroded company profits, the government has urged financial institutions to help finance virus-hit firms. Investment Bank Nomura to Announce First Quarter Operating Results on July 29 News Team Thursday, June 18, 2020 1:00 am http://apbankers.net/article/56700/nomura-to-announce-first-quarter-operating-results-on-july-29 Financial statements and presentation materials will be available on the Nomura Investment Bank Komainu Emerges to Address Financial and Security Challenges for Digital Asset Institutional Investors News Team Thursday, June 18, 2020 1:00 am http://apbankers.net/article/56702/komainu-emerges-to-address-financial-and-security-challenges-for-digital-asset-institutional-investors Secure and compliant digital asset custodian for institutions debuts, announces executive team Investment Bank DBS launches transition financing framework to help 'less than dark-green' industries News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57071/dbs-launches-transition-financing-framework-to-help-amp039less-than-dark-greenamp039-industries Transistion of the dark green industries Environment and Sustainable Investments They move faster and are more agile, often not being saddled with decision-making processes and protocols News Aggregation Team Tuesday, July 07, 2020 1:00 am http://apbankers.net/article/57081/they-move-faster-and-are-more-agile-often-not-being-saddled-with-decision-making-processes-and-protocols The Monetary Authority of Singapore recently observed that foundations, trusts and family offices are well-placed to drive positive change through their investments and business operations. Environment and Sustainable Investments Singapore Regulator Consults on Environmental Risk Management Guidelines for Asset Managers and Other Financial Institutions News Aggregation Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57009/singapore-regulator-consults-on-environmental-risk-management-guidelines-for-asset-managers-and-other-financial-institutions The Guidelines are intended to drive the transition to an environmentally sustainable economy by enhancing the integration of environmental risk considerations in FIs' financing and investment decisions and promoting new opportunities for green finan Environment and Sustainable Investments AMP Wealth Management Locking In Sustainability Gains News Aggregation Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57010/amp-wealth-management-locking-in-sustainability-gains The reduction in office space and travel requirements for our people will help us to achieve our sustainability targets. Environment and Sustainable Investments Mizuho faces shareholder climate resolution over coal financing News Aggregation Team Friday, June 26, 2020 1:00 am http://apbankers.net/article/56860/mizuho-faces-shareholder-climate-resolution-over-coal-financing "The proposal will allow shareholders to see how the company is managing risks of this nature." Environment and Sustainable Investments HESTA to go zero carbon News Aggregation Team Friday, June 26, 2020 1:00 am http://apbankers.net/article/56873/hesta-to-go-zero-carbon The CCTP will underpin investment decision-making across the portfolio and would be informed by ongoing research and developments in investment practice. Environment and Sustainable Investments Investors should factor in climate risk: JANA News Aggregation Team Thursday, June 25, 2020 1:00 am http://apbankers.net/article/56855/investors-should-factor-in-climate-risk-jana "We expect climate change and climate-related transition and physical risks to impact on future investment returns," Environment and Sustainable Investments HKEX plans green bond platform News Team Wednesday, June 24, 2020 1:00 am http://apbankers.net/article/56816/hkex-plans-green-bond-platform This pioneering new information platform is the first-of-its kind in Asia Environment and Sustainable Investments OCBC sets new sustainable finance target News Team Tuesday, June 23, 2020 1:00 am http://apbankers.net/article/56789/ocbc-sets-new-sustainable-finance-target The bank has seen a significant increase in the demand for sustainable financing in recent years due to better awareness and heightened efforts to combat climate change. Environment and Sustainable Investments Nomura Leads First Green Bond Offering by NTT Finance News Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56732/nomura-leads-first-green-bond-offering-by-ntt-finance A key focus for the group is protecting the environment through ongoing initiatives. In keeping with this commitment, NTT Group has developed the NTT Group Green Bond Framework with Nomura’s support. Environment and Sustainable Investments Has globalisation peaked? News Team Friday, July 03, 2020 1:00 am http://apbankers.net/article/57015/has-globalisation-peaked Covid-19 has wreaked havoc across the globe. Covid-19 Asian Development Bank to Provide $1 Billion to Kazakhstan to Help Fight COVID-19 Pandemic News Aggregation Team Wednesday, July 01, 2020 1:00 am http://apbankers.net/article/56964/asian-development-bank-to-provide-1-billion-to-kazakhstan-to-help-fight-covid-19-pandemic The assistance is part of the ADB’s $20 billion package designed to help its developing partner countries mitigate the macroeconomic and health consequences stemming from the pandemic. Covid-19 Receding pandemic sets up new normal for Asian wealth managers News Aggregation Team Tuesday, June 30, 2020 1:00 am http://apbankers.net/article/56934/receding-pandemic-sets-up-new-normal-for-asian-wealth-managers More digital/analytics, operational risks, customer focus and perhaps consolidation Covid-19 Covid-19 Versus the Policymakers News Team Monday, June 22, 2020 1:00 am http://apbankers.net/article/56775/covid-19-versus-the-policymakers Looking at the numbers and the growing warnings from the scientific community, we may know quite soon whether or not the easing of lockdowns was too early. Covid-19 Pandemic pushes Grab to lay off employees News Aggregation Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56696/pandemic-pushes-grab-to-lay-off-employees The note also reveals Grab’s plans to expand its core verticals, including its financial services offering Covid-19 Prospering in the pandemic: the top 100 companies News Aggregation Team Friday, June 19, 2020 1:00 am http://apbankers.net/article/56733/prospering-in-the-pandemic-the-top-100-companies Public companies had the tailwind of a surprisingly robust stock market — which many believe is a bubble. Covid-19 COVID-19 will permanently change the way wealth managers deliver advice and serve clients in the Middle East News Team Tuesday, June 16, 2020 1:00 am http://apbankers.net/article/56635/covid-19-will-permanently-change-the-way-wealth-managers-deliver-advice-and-serve-clients-in-the-middle-east New report says global high net worth wealth will decline by $3.1 trillion in 2020 Covid-19 Family Offices are Joining the Fight Against COVID-19 News Aggregation Team Tuesday, June 16, 2020 1:00 am http://apbankers.net/article/56650/family-offices-are-joining-the-fight-against-covid-19 Campden have been focused on advising their clients not to ‘panic-sell’. Covid-19 How to avoid the virus as the world reopens | Free to read News Aggregation Team Monday, June 15, 2020 1:00 am http://apbankers.net/article/56598/how-to-avoid-the-virus-as-the-world-reopens-free-to-read A guide to where the biggest risks lie as lockdowns ease Covid-19 Has COVID-19 impacted the relationship between fund managers and research houses? News Aggregation Team Friday, June 12, 2020 1:00 am http://apbankers.net/article/56585/has-covid-19-impacted-the-relationship-between-fund-managers-and-research-houses This year’s study has again delivered a mixed picture from fund managers as they were split in their opinions between Zenith, SQM Research, and Lonsec. Covid-19