The Asia Pacific Banking News Network http://apbankers.net/ Sat, 21 Oct 2017 05:51:11 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Elston launches SMA offering via HUB24 News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39020/elston-launches-sma-offering-via-hub24 Elston currently offers a range of SMA models across HUB4, Macquarie, and Netwealth Wealth and Asset Management Liechtenstein Private Bank changes hands For $59.7 Million News Aggregation Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38995/liechtenstein-private-bank-changes-hands-for-597-million Raiffeisen Privatbank, with clients from Germany, Austria, Spain, Liechtenstein, Russia and Switzerland, offers services for external asset managers, with assets under management of over 1 billion Swiss Franc as of Sept 30, 2017. Wealth and Asset Management SocGen Eyes Wealth Growth Outside Asia News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38969/socgen-eyes-wealth-growth-outside-asia To fulfil the sophisticated needs of the world's richest. Wealth and Asset Management China’s ‘One Belt, One Road’: Synergistic Opportunities for Labuan IBFC, Malaysia and China-based enterprises News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38959/chinaamprsquos-amplsquoone-belt-one-roadamprsquo-synergistic-opportunities-for-labuan-ibfc-malaysia-and-china-based-enterprises The island of Labuan, and Malaysia has historically been an essential port of call in the ancient silk road given its strategic location within the Asian region. Wealth and Asset Management Investment Management Consultants Association Rebrands News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38958/investment-management-consultants-association-rebrands Members can expect to see the same high-quality educational offerings along with new courses and more options for live and online learning. Wealth and Asset Management ANZ exits a vexed advisory business News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38948/anz-exits-a-vexed-advisory-business There is global consolidation occurring within the life insurance industry. Wealth and Asset Management India's Axis Bank Q2 profit rises about 36 pct News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38967/indiaamp039s-axis-bank-q2-profit-rises-about-36-pct Provisions and contingencies fell about 13 percent to 31.40 billion rupees. Wealth and Asset Management A new generation of HNWIs spur shift in investment News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38911/a-new-generation-of-hnwis-spur-shift-in-investment The recent resurgence in mergers and acquisitions and initial public offerings is also driving wealth growth. Wealth and Asset Management This private bank holds the largest AUM in Singapore News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38922/this-private-bank-holds-the-largest-aum-in-singapore This was not enough to stop it from falling from fifth to sixth place in this year’s rankings. Wealth and Asset Management MUFG to Focus on Wealthy Clients News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38936/mufg-to-focus-on-wealthy-clients The bank hopes this will make resources available to better serve the bank's wealthier clients. Wealth and Asset Management Temasek International Unveils Senior Appointments News Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39003/temasek-international-unveils-senior-appointments Senior Level Appointments And Additional Roles For Top Officials For Temasek Executive Moves SSGA hires head of compliance for Asia Pacific News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39005/ssga-hires-head-of-compliance-for-asia-pacific Newly Hired Asia Pacific Head of Compliance for SSGA Executive Moves Baker McKenzie lures UBS capital markets director News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39021/baker-mckenzie-lures-ubs-capital-markets-director The role includes ECM and debt capital markets work and cross border transactions. Executive Moves LUCRF Super appoints new CFO News Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38992/lucrf-super-appoints-new-cfo LUCRF Super chief executive Charlie Donnelly said: "Therese Kenny is a great addition to the LUCRF Super executive team." Executive Moves Goodwin takes Paul Hastings private equity partner duo for Hong Kong office News Aggregation Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38999/goodwin-takes-paul-hastings-private-equity-partner-duo-for-hong-kong-office Former Fried Frank duo join Goodwin's Hong Kong base after spell at Paul Hastings Executive Moves Sir John Key takes top banking job with ANZ News Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38979/sir-john-key-takes-top-banking-job-with-anz ANZ Group chair David Gonski said Sir John's previous experience is what made him such a desirable candidate for the role. Executive Moves Standard Chartered has just made another big hire in Asia News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38986/standard-chartered-has-just-made-another-big-hire-in-asia EFG operates a “flat structure” with no team heads, allowing each banker to run their own P&L, says Sen. “As a result, some desk heads and team leaders from BSI have not fitted in well at EFG and have decided to move.” Executive Moves Lombard Odier Poaches from UBP News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38946/lombard-odier-poaches-from-ubp The acquisition of Coutts by UBP Wong was head of wealth planning South Asia at Coutts. Executive Moves Shiela McGregor joins a Majority non-executive Crestone board News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38957/shiela-mcgregor-joins-a-majority-non-executive-crestone-board She is an active participant in the not-for-profit sector, serving in various roles. Executive Moves Appointment of ASIC chair News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38972/appointment-of-asic-chair ASIC is the independent Australian Government body with responsibility for regulating Australian companies, financial markets, financial services organisations and professionals which deals with and advises on investments, superannuation, insurance, depos Executive Moves Bank Indonesia Draws Up Rules To Monitor Fintech News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39004/bank-indonesia-draws-up-rules-to-monitor-fintech Central Bank Plans Legal Framework To Prevent 'Shadow Economy' Forming Legal, Regulation & Compliance Nine Appleby offices recognised in 2018 IFLR100 guide News Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39017/nine-appleby-offices-recognised-in-2018-iflr100-guide The guide also noted “One of Appleby's key strengths is the working across its own jurisdictions." Legal, Regulation & Compliance Leading international trade and customs law firm expands in Hong Kong News Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38980/leading-international-trade-and-customs-law-firm-expands-in-hong-kong It will also allow us to utilize the latest technology to provide the best possible service to our clients. Legal, Regulation & Compliance China shuts down billionaire's golf courses News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38983/china-shuts-down-billionaireamp039s-golf-courses A new crackdown began in 2004 and intensified under Xi. Legal, Regulation & Compliance Donald Tsang’s wife deposited HK$350,000 cash just after bank chairman withdrew same amount, trial hears News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38988/donald-tsangamprsquos-wife-deposited-hk350000-cash-just-after-bank-chairman-withdrew-same-amount-trial-hears Prosecutors claim money used months later to pay businessman who provided ex-city leader free renovation of penthouse where the couple planned to retire Legal, Regulation & Compliance BNY Mellon joins Asian Development Bank’s Trade Finance Program News Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38989/bny-mellon-joins-asian-development-bankamprsquos-trade-finance-program Backed by the ADB’s AAA credit rating, the TFP enables companies throughout Asia to engage in import and export activities through the provision of loans and guarantees by ADB’s partner banks. Legal, Regulation & Compliance Gibraltar FSC and the Securities and Exchange Board of India ink MOU News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38956/gibraltar-fsc-and-the-securities-and-exchange-board-of-india-ink-mou The MOU is also expected to contribute towards strengthening the information sharing framework and add value to overseas mutual cooperation and regulation activities. Legal, Regulation & Compliance Which law firms are most prized by each gender? News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38966/which-law-firms-are-most-prized-by-each-gender The survey also revealed a strong increase in the desirability of the legal services branches of the big four. Legal, Regulation & Compliance UBS, Standard Chartered IPO Lawsuit Dropped News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38917/ubs-standard-chartered-ipo-lawsuit-dropped The company is now in liquidation and has been delisted from the Hong Kong exchange. Legal, Regulation & Compliance ASIC accepts enforceable undertaking from Sentinel Private Wealth News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38939/asic-accepts-enforceable-undertaking-from-sentinel-private-wealth The EU follows an ASIC surveillance of SPW’s business, which was prompted by actions taken against two of its financial advisers. Legal, Regulation & Compliance Jim Rogers-backed fintech bank ITF Corp chooses Hong Kong for headquarters News Aggregation Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/39008/jim-rogers-backed-fintech-bank-itf-corp-chooses-hong-kong-for-headquarters It has also formed correspondent banking relationships with Bank of Communications in China and Hong Kong. FinTech Security firm says Asia Pacific most targeted region for cyberthreats News Aggregation Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/39014/security-firm-says-asia-pacific-most-targeted-region-for-cyberthreats The security firm’s “2017 Midyear Security Roundup” reveals that “the region accounted for 35.7 percent of all ransomware detections FinTech Hub24 announces partnership with Euroz News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38976/hub24-announces-partnership-with-euroz This solution will provide advisers with a unified view of their client portfolios including holdings on the platform as well as securities under a Holder Identification Number. FinTech Wealthy Asian families piling into tech start-ups News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38993/wealthy-asian-families-piling-into-tech-start-ups The rising ranks of Asian millionaires have pushed assets managed by wealthy clans in the region to more than US$17 trillion, according to consultancy Capgemini. FinTech NTAsset Selects SS&C for Fund Administration News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38961/ntasset-selects-ssampampc-for-fund-administration NTAsset will also leverage SS&C's best-in-class fund services portal that offers 24/7 accessibility and transparency FinTech Smart policy is driving the Asian fintech renaissance News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38970/smart-policy-is-driving-the-asian-fintech-renaissance It would be erroneous to assume that its adoption is occurring at a uniform pace across the globe. FinTech Markel International Launches Fintech Insurance for Asian Market News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38971/markel-international-launches-fintech-insurance-for-asian-market Coverage also extends to the costs involved when sensitive documents or data are lost. FinTech Wealth-management Venture Sees Boost from China's Belt and Road Initiatives News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38973/wealth-management-venture-sees-boost-from-chinaamp039s-belt-and-road-initiatives Partnering with FWD Group, PIVOT is banking on Southeast Asia's fintech potential, bolstered by the Chinese government's Belt and Road program FinTech Singapore Plan for Artificial Intelligence Hub News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38935/singapore-plan-for-artificial-intelligence-hub The company also intends to train up to 1,000 people per year and to include intellectual property generation. FinTech Avaya Customer Engagement Solutions Help Taiwan Bank Go All-Digital News Team Friday, October 13, 2017 1:00 am http://apbankers.net/article/38885/avaya-customer-engagement-solutions-help-taiwan-bank-go-all-digital Customers conduct transactions with the bank using mobile apps or Web access. FinTech Dymon Asia Hedge Fund to Raise $600 Million in Equity Expansion News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39019/dymon-asia-hedge-fund-to-raise-600-million-in-equity-expansion Dymon started the stock strategy more than three years ago, backed by an initial capital commitment from Temasek Alternative Investments Hong Kong advisers braced for more change News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39022/hong-kong-advisers-braced-for-more-change The advisers were responding to polls conducted at International Adviser’s Future Advisory Forum Hong Kong last week. Alternative Investments Standard Life Launches Impact Fund, Appoints Managers News Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38991/standard-life-launches-impact-fund-appoints-managers Active Management Is An Essential Component Of Successful Impact Investing Alternative Investments New Silkroutes to acquire 66% stake in European fund manager for US$2.6m News Aggregation Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38997/new-silkroutes-to-acquire-66-stake-in-european-fund-manager-for-us26m NSG will pay US$2.6 million in cash and new shares as consideration for the acquisition Alternative Investments Rockworth Capital Co-Founder Starts New Investment Management Company News Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/39013/rockworth-capital-co-founder-starts-new-investment-management-company The establishment of Firmus Capital follows a shareholder-led review of RCP's investor strategy Alternative Investments China’s debt crackdown good for bonds News Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38975/chinaamprsquos-debt-crackdown-good-for-bonds Moderation in growth will lead to looser monetary policy, give boost to bonds Alternative Investments Chinese wealth firm takes stake in investment platform News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38977/chinese-wealth-firm-takes-stake-in-investment-platform The investment was geared towards facilitating cross-border business between high-net-worth and venture capital investors in China, Australia, Singapore and South Korea. Alternative Investments BMYG to close $50m Australia-focused tech fund by year-end News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38987/bmyg-to-close-50m-australia-focused-tech-fund-by-year-end The fund, launched late last year, will focus on Australian startups looking for Chinese expansion. Alternative Investments Delistings in Hong Kong’s ETF market on the rise News Aggregation Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38940/delistings-in-hong-kongamprsquos-etf-market-on-the-rise The company will continue to review its product line-up. Alternative Investments Falcon Group cements Sydney presence with permanent base News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38964/falcon-group-cements-sydney-presence-with-permanent-base The company now operates in over 30 countries and across 45 industries - having deployed over US$8 billion in the past three years. Alternative Investments Philippine Government `On a Roll' Against Tax Evaders News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38920/philippine-government-on-a-rollamp039-against-tax-evaders He expects a tax reform bill to receive lawmaker approval. Tax New Japan-Denmark DTA To Waive Cross-Border Tax News Aggregation Team Monday, October 16, 2017 1:00 am http://apbankers.net/article/38954/new-japan-denmark-dta-to-waive-cross-border-tax All other such payments face a 15 percent rate. Tax BNZ CEO calls for capital gains tax News Aggregation Team Monday, October 09, 2017 1:00 am http://apbankers.net/article/38798/bnz-ceo-calls-for-capital-gains-tax Anthony Healy discusses his hopes for the new government's priorities. Tax Indonesia says investigating StanChart $1.4 billion transfer to Singapore News Aggregation Team Monday, October 09, 2017 1:00 am http://apbankers.net/article/38806/indonesia-says-investigating-stanchart-14-billion-transfer-to-singapore Under those rules, countries automatically share annual reports on accounts belonging to people subject to taxes in each nation. Tax Inheritance tax on HNIs likely to be reintroduced News Aggregation Team Thursday, October 05, 2017 1:00 am http://apbankers.net/article/38739/inheritance-tax-on-hnis-likely-to-be-reintroduced The tax could range from 5% to 10% and would apply only to families with a certain net worth, said one person. Tax Adani Australia: Investigation uncovers tax haven ties to British Virgin Islands News Aggregation Team Tuesday, October 03, 2017 1:00 am http://apbankers.net/article/38697/adani-australia-investigation-uncovers-tax-haven-ties-to-british-virgin-islands Adani Group's filings with ASIC fail to mention a company registered in the British Virgin Islands Tax AUSTRALIA: Advisers face tax registration risk News Aggregation Team Friday, September 29, 2017 1:00 am http://apbankers.net/article/38641/australia-advisers-face-tax-registration-risk The Tax Agent Services Act 2009 also requires registered tax practitioners to notify the TPB within 30 days of their contact details changing. Tax Taxman cometh for the digital economy News Aggregation Team Thursday, September 28, 2017 1:00 am http://apbankers.net/article/38597/taxman-cometh-for-the-digital-economy Perhaps nowhere is the conundrum more stark than in the sharing economy. Tax Grant Thornton grows through M&A in Australia, Canada and Costa Rica News Team Friday, September 22, 2017 1:00 am http://apbankers.net/article/38478/grant-thornton-grows-through-mampampa-in-australia-canada-and-costa-rica Grant Thornton today announced member firm expansion in Australia, Canada and Costa Rica. Tax Asia’s Regional Tax Wars Indicate That It’s Time to Review Tax Incentives News Aggregation Team Friday, September 22, 2017 1:00 am http://apbankers.net/article/38489/asiaamprsquos-regional-tax-wars-indicate-that-itamprsquos-time-to-review-tax-incentives Asian countries must take steps to rationalise tax competition and build cooperation on tax matters, both at the regional and the global level. Tax The Man Who Owns The World's Most Expensive House Made $1.5 Billion In 6 Hours Yesterday News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39002/the-man-who-owns-the-worldamp039s-most-expensive-house-made-15-billion-in-6-hours-yesterday Ambani, The 20th Richest Person In The World Comment, Analysis & Research ANZ Bank Sells More Asian Assets News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39006/anz-bank-sells-more-asian-assets ANZ Is Exiting A Joint Venture In The Philippines Comment, Analysis & Research China hires 10 banks including Citigroup, HSBC for $2 billion sovereign bond issue News Aggregation Team Friday, October 20, 2017 1:00 am http://apbankers.net/article/39018/china-hires-10-banks-including-citigroup-hsbc-for-2-billion-sovereign-bond-issue Bank of China, China Construction Bank, China International Capital Corp, and Industrial and Commercial bank of China will also be working on the transaction. Comment, Analysis & Research MyState calls for action to promote banking competition News Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38994/mystate-calls-for-action-to-promote-banking-competition Noting the rapid increase in regulation of the banking sector, Mr Sulicich said that the cost of regulatory compliance had risen significantly in recent years. Comment, Analysis & Research Chinese growth shrugs off headwinds - Schroders News Team Thursday, October 19, 2017 1:00 am http://apbankers.net/article/38996/chinese-growth-shrugs-off-headwinds-schroders Higher frequency data published alongside the GDP print today complete the picture for the quarter. Comment, Analysis & Research Succession planning has never been so vital for asian-pacific family offices News Aggregation Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38981/succession-planning-has-never-been-so-vital-for-asian-pacific-family-offices How a generation squanders away $1billion in less than a lifetime is beyond me. Comment, Analysis & Research Unprecedented growth in APAC private equity - RESEARCH News Team Wednesday, October 18, 2017 1:00 am http://apbankers.net/article/38982/unprecedented-growth-in-apac-private-equity-research The research was carried out in Q3 2017 with responses from 142 responses private equity professionals in the UK, Continental Europe, North America, Africa, Asia and The Middle East. Comment, Analysis & Research Interview with ANZ Wealth Group Executive News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38960/interview-with-anz-wealth-group-executive The interview was conducted by Andrew Cornell Managing Editor of bluenotes. Comment, Analysis & Research Coutts Investment themes; Nikkei, IMF and Spain News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38955/coutts-investment-themes-nikkei-imf-and-spain The IMF often tends to lag other economic analysis and there were no real surprises in its report. Comment, Analysis & Research The future of financial services in the MEASA region - RESEARCH News Team Tuesday, October 17, 2017 1:00 am http://apbankers.net/article/38962/the-future-of-financial-services-in-the-measa-region-research Growth in the provision of credit, increasing interest in private equity and a rise in venture capital are also helping to drive growth in the middle market. Comment, Analysis & Research