The Asia Pacific Banking News Network http://apbankers.net/ Mon, 23 Jul 2018 04:49:12 BST part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP Asian financial company enters European HNWI market with acquisition News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43823/asian-financial-company-enters-european-hnwi-market-with-acquisition It will operate as an independent subsidiary of Rayliant, while retaining its own name and brand. Wealth and Asset Management Masayoshi Son's 'crazy' act wears thin News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43825/masayoshi-sonamp039s-amp039crazyamp039-act-wears-thin SoftBank founder must use Tiger deal to reassure investors worried about Vision Fund Wealth and Asset Management Nikko to launch Japan’s first yen-hedged US equity ETF News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43788/nikko-to-launch-japanamprsquos-first-yen-hedged-us-equity-etf Mr. Imai says Nikko AM “has proactively developed various types of ETFs to meet the needs of investors and will continue to build a diversified and robust portfolio of investment products”. Wealth and Asset Management Bank of Asia launches operations in British Virgin Islands News Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43807/bank-of-asia-launches-operations-in-british-virgin-islands The bank said it is “uniquely positioned to secure a strong share of banking from Asian high net worth individuals and their related global offshore companies”. Wealth and Asset Management Are private banks snubbing Hong Kong’s ETFs? News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43808/are-private-banks-snubbing-hong-kongamprsquos-etfs Most private banks in Hong Kong, which are usually regional or international banks, follow a standard when it comes to putting funds on their shelves, Quah explained. Wealth and Asset Management Indian wealth firms reach $169bn in record year: report News Aggregation Team Wednesday, July 18, 2018 1:00 am http://apbankers.net/article/43769/indian-wealth-firms-reach-169bn-in-record-year-report The wealth unit of Kotak Mahindra Bank retained the number one spot, nearly doubling assets to $30bn in 2017. IIFL Wealth Management came in second, nearly $12bn below Kotak Wealth Management. Wealth and Asset Management Pictet WM: Asia’s industry leaders the better bet News Aggregation Team Wednesday, July 18, 2018 1:00 am http://apbankers.net/article/43780/pictet-wm-asiaamprsquos-industry-leaders-the-better-bet Gaud zeroed in on China’s domestic healthcare industry as an example. Wealth and Asset Management Hermes sets high target for Asia growth News Aggregation Team Wednesday, July 18, 2018 1:00 am http://apbankers.net/article/43781/hermes-sets-high-target-for-asia-growth In view of the ambitious growth target, she said acquisitions are one option, but declined to give any details. Wealth and Asset Management ‘Honesty is best policy’ in dealing with HNW clients News Aggregation Team Tuesday, July 17, 2018 1:00 am http://apbankers.net/article/43749/amplsquohonesty-is-best-policyamprsquo-in-dealing-with-hnw-clients He says that this business model is slowly disappearing all over the developed world, and not only in the wealth management business. Wealth and Asset Management Wealth management is the new buzzword in financial services sector News Aggregation Team Tuesday, July 17, 2018 1:00 am http://apbankers.net/article/43760/wealth-management-is-the-new-buzzword-in-financial-services-sector The amount of wealth creation is increasing in India, leading to a greater need for people to manage it Wealth and Asset Management BOS in HK poaches three execs from rivals News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43813/bos-in-hk-poaches-three-execs-from-rivals Bank of Singapore has plucked executives from LGT, UBS and BNPP Wealth for Greater China roles. Executive Moves NPS appoints investment strategy head as new acting CIO News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43817/nps-appoints-investment-strategy-head-as-new-acting-cio Cho quit on July 13, according to an NPS statement, after he tendered a resignation for an undisclosed reason early this month. Executive Moves Comgest adds to Japanese research team News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43820/comgest-adds-to-japanese-research-team The fund has seen strong inflows over the past twelve months, recently surpassing EUR1 billion in assets under management. Executive Moves Bank of Singapore Ramps Hiring News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43822/bank-of-singapore-ramps-hiring Chan was poached from LGT, where she also led a team of private bankers covering China, Hong Kong and Taiwan. Executive Moves WGC sets stage for its foray into wealth management News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43824/wgc-sets-stage-for-its-foray-into-wealth-management It plans to have 100 people on its roles by the end of December. Executive Moves Credit Suisse global big guns to beef up local advisory ranks News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43827/credit-suisse-global-big-guns-to-beef-up-local-advisory-ranks Mr Tan, head of Asia Pacific financial institutions group, will split his time equally between Australia and Hong Kong as part of the changes. Executive Moves Experienced Global Stock Picker Rejoins Martin Currie News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43836/experienced-global-stock-picker-rejoins-martin-currie Martin Currie’s flagship emerging market equity strategy has outperformed the MSCI Emerging Markets Index over all time periods since the team began managing the strategy in October 2010. Executive Moves RBC appoints new head of wealth management for South-East Asia News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43838/rbc-appoints-new-head-of-wealth-management-for-south-east-asia In the new role Reed also heads RBC wealth management Asia’s client and business development, and the Hong Kong trust company. Executive Moves LaSalle Asia Pacific veteran Ian Mackie retiring at year end News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43789/lasalle-asia-pacific-veteran-ian-mackie-retiring-at-year-end He established LaSalle’s business in Asia Pacific, recruiting staff and opening offices in Singapore, Tokyo, Seoul, Hong Kong and Shanghai. Executive Moves VanEck adds two to Australian team News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43801/vaneck-adds-two-to-australian-team He previously worked at Pacific Life Re Australia as a pricing and client strategy analyst, and at Rice Warner as an actuarial analyst. Executive Moves DIFC strengthens commitment to Belt and Road with China Everbright Group collaboration News Team Monday, July 23, 2018 1:00 am http://apbankers.net/article/43857/difc-strengthens-commitment-to-belt-and-road-with-china-everbright-group-collaboration DIFC chosen as China Everbright Group’s platform for growth during successful UAE-China Week Legal, Regulation & Compliance China steps up regulations on wealth management products News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43849/china-steps-up-regulations-on-wealth-management-products Rules aim to reduce shadow banking risk in $3tn sector Legal, Regulation & Compliance Fugitive Malaysian businessman Jho Low still involved in affairs of his Hong Kong companies News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43856/fugitive-malaysian-businessman-jho-low-still-involved-in-affairs-of-his-hong-kong-companies Low, a key figure in 1MDB investigation, signed documents for private equity firm Jynwel Capital and non-profit group Jynwel Charitable Foundation this month. Legal, Regulation & Compliance SECP prescribes risk management, control guidelines for fund management industry News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43815/secp-prescribes-risk-management-control-guidelines-for-fund-management-industry One of the most important risk controls an AMC can have is a risk-conscious culture in which risks are well understood with the ultimate responsibility of supervising overall risk management function rest with risk management committee Legal, Regulation & Compliance The Australian bank customers who lost everything News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43828/the-australian-bank-customers-who-lost-everything Amid the scrutiny, thousands of Australians have come forward with stories of losing homes, businesses and their life savings. Legal, Regulation & Compliance HSBC fined $1.2m in Hong Kong for 'systemic deficiencies' in bond sales News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43839/hsbc-fined-12m-in-hong-kong-for-amp039systemic-deficienciesamp039-in-bond-sales SFC reprimands and fines HSBC Broking Securities (Asia) Limited $9.6 million Legal, Regulation & Compliance Finma finds Rothschild Bank in 'serious breach' of AML rules News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43840/finma-finds-rothschild-bank-in-amp039serious-breachamp039-of-aml-rules FINMA will appoint an audit agent to review enhancements already put in place by the institutions. Legal, Regulation & Compliance APFT sues former chairman for misappropriation of funds News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43842/apft-sues-former-chairman-for-misappropriation-of-funds The company had also applied for an interim injunction against Faruk to bar him and his representatives or nominees from participating in the management of the company, as well as restrain him from exercising his voting rights attached to the company shar Legal, Regulation & Compliance Indonesian central bank aims to revive country's sluggish property market News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43793/indonesian-central-bank-aims-to-revive-countryamp039s-sluggish-property-market It is scrapping the 15% minimum mortgage downpayment for first-time buyers, for example Legal, Regulation & Compliance Super fund shortlist practically advice: IOOF News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43797/super-fund-shortlist-practically-advice-ioof Instead, a list of 40 super funds should be used in the medium term that would likely diminish as funds and MySuper products inevitably merge, IOOF said. Legal, Regulation & Compliance China, UAE can connect on blockchain future News Aggregation Team Monday, July 23, 2018 1:00 am http://apbankers.net/article/43858/china-uae-can-connect-on-blockchain-future Of vital importance is that they do so over interoperable networks than stand-alone ones FinTech China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43851/chinaamp039s-crypto-millionaires-are-using-bitcoin-to-buy-real-estate-abroad It's very normal to sell bitcoin in the U.S. After selling bitcoin, you can just buy anything you want FinTech Demand for crypto custody rises with increasing cryptocurrency trading News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43854/demand-for-crypto-custody-rises-with-increasing-cryptocurrency-trading The firm was working with insurers to provide cybersecurity insurance coverage for clients’ digital assets FinTech Baidu's fintech spinoff pitches aggressive expansion plan News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43826/baiduamp039s-fintech-spinoff-pitches-aggressive-expansion-plan Financial arms of China's internet kings push back as Beijing tightens rules FinTech NOON Capital Launches Southeast Asia's First Blockchain-Backed Real Estate Project News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43829/noon-capital-launches-southeast-asiaamp039s-first-blockchain-backed-real-estate-project The Company's first properties have an accumulated value of US$20 million. FinTech Japanese Tech Conglomerate GMO Launches New Blockchain-based Banking Business News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43792/japanese-tech-conglomerate-gmo-launches-new-blockchain-based-banking-business The reported raise equals around $387.5 million in revenue. FinTech Cognizant Helps Bank Julius Baer Transform Next Generation of Core Banking Capabilities in Asia Pacific Region News Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43811/cognizant-helps-bank-julius-baer-transform-next-generation-of-core-banking-capabilities-in-asia-pacific-region We are witnessing a fundamental shift in how our customers prefer to engage with us FinTech Phore Blockchain Partners With Global Assets and Wealth Initiative News Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43812/phore-blockchain-partners-with-global-assets-and-wealth-initiative We are delighted to have Phore Blockchain as a partner FinTech HSBC's Global Head Of Digital Says The Bank Is "Cautiously Looking" At Crypto Use Cases News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43837/hsbcamp039s-global-head-of-digital-says-the-bank-is-ampquotcautiously-lookingampquot-at-crypto-use-cases Forbes sat down with HSBC’s Global Head of Digital, Josh Bottomley, earlier this month to find out. FinTech Cryptocurrency Custodian Services Find Huge Demand in Australia News Aggregation Team Wednesday, July 18, 2018 1:00 am http://apbankers.net/article/43770/cryptocurrency-custodian-services-find-huge-demand-in-australia To fill this gap, Custodian Vaults has partnered with Decentralised Capital, a Sydney-based blockchain advisory firm, to exclusively produce cold storage vaults for digital assets. FinTech Malaysia is exploring opportunity for Asean-wide trading link News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43843/malaysia-is-exploring-opportunity-for-asean-wide-trading-link Singapore has asked Malaysia to clarify its position on the planned trading link Alternative Investments First state-owned Chinese financial firm sets up in Abu Dhabi News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43846/first-state-owned-chinese-financial-firm-sets-up-in-abu-dhabi Industrial Capacity Cooperation Financial Group Limited is expected to manage $2bn in investment, set to start ops by the end of 2018 Alternative Investments Singapore’s APS Asset Management garners private fund manager license for mainland China News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43814/singaporeamprsquos-aps-asset-management-garners-private-fund-manager-license-for-mainland-china With regulations requiring that all operations with respect to the funds managed on the mainland for high-net-worth investors "be done out of China," APS will be building a back office in Shanghai and restructuring its investment team Alternative Investments D1 Mint brings investment grade diamond crypto token to market News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43816/d1-mint-brings-investment-grade-diamond-crypto-token-to-market It was a challenge and, from a fund management point of view, it is quite a fun challenge to see how you can make diamonds an investable asset class. Alternative Investments CSOP launches first HKD money market ETF in Hong Kong News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43818/csop-launches-first-hkd-money-market-etf-in-hong-kong She says the minimum investment for the fund is “around” HK$1 million (US$128,200) and the company is negotiating with brokers to cut trading-related fees to reduce the figure. Alternative Investments Mutual fund recategorisation: How to pick balanced schemes now News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43819/mutual-fund-recategorisation-how-to-pick-balanced-schemes-now Here is how you can pick the right hybrid fund post recategorisation. Alternative Investments Malaysia’s KWAP to invest US$196 million in new global ESG initiatives News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43821/malaysiaamprsquos-kwap-to-invest-us196-million-in-new-global-esg-initiatives The funding is part of 3.8 billion ringgit that KWAP has allocated for ESG investments. Alternative Investments Korea’s top institutional investor eyes realty in major US cities News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43841/koreaamprsquos-top-institutional-investor-eyes-realty-in-major-us-cities We’re reducing the proportion of equities in our investment as the overall stock market has been sluggish this year Alternative Investments Aging Asian Workforces Most Vulnerable to Workplace Automation According to Marsh & McLennan Companies’ Global Risk Center Report News Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43786/aging-asian-workforces-most-vulnerable-to-workplace-automation-according-to-marsh-ampamp-mclennan-companiesamprsquo-global-risk-center-report The study found that five out of the top six countries – China, Vietnam, Thailand, South Korea and Japan – were located in the Asian Pacific. Alternative Investments China turns to Europe as US trade war hits investment News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43787/china-turns-to-europe-as-us-trade-war-hits-investment Report shows a dramatic swing in the first half of the year in FDI as Washington-Beijing standoff bites Alternative Investments OECD to help Pakistan implement world tax standard News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43844/oecd-to-help-pakistan-implement-world-tax-standard The OECD noted the good progress made by Pakistan on the implementation of the BEPS minimum standards Tax Offshore traders should not be immune from Australian tax laws News Aggregation Team Monday, July 16, 2018 1:00 am http://apbankers.net/article/43727/offshore-traders-should-not-be-immune-from-australian-tax-laws Local retailers railed against this tax handicap for years. Tax 50 high net worth individuals in tax net for buying Nirav Modi diamonds News Aggregation Team Monday, July 16, 2018 1:00 am http://apbankers.net/article/43739/50-high-net-worth-individuals-in-tax-net-for-buying-nirav-modi-diamonds I-T dept said that discrepancies of concealed cash payments were found, which in some cases may be in several lakhs. Tax High-income earners in China fear new tax law News Aggregation Team Wednesday, July 11, 2018 1:00 am http://apbankers.net/article/43644/high-income-earners-in-china-fear-new-tax-law China now levies tax on salary progressively in seven brackets, ranging from 3% up to 45%. Tax Heavier tax on the rich News Aggregation Team Thursday, July 05, 2018 1:00 am http://apbankers.net/article/43497/heavier-tax-on-the-rich Policymakers needs to minimize side-effects Tax Tax residency and the UHNW nomad News Aggregation Team Thursday, July 05, 2018 1:00 am http://apbankers.net/article/43513/tax-residency-and-the-uhnw-nomad Geographical mobility for the wealthy has in recent years become common place, and brings with it both challenges and opportunities which arise from choices made by the tax nomad on tax residency. Tax Tax chiefs unite to tackle international tax crime News Team Tuesday, July 03, 2018 1:00 am http://apbankers.net/article/43448/tax-chiefs-unite-to-tackle-international-tax-crime HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime. Tax China unveils new tax plan to boost spending News Aggregation Team Tuesday, July 03, 2018 1:00 am http://apbankers.net/article/43463/china-unveils-new-tax-plan-to-boost-spending The upper limit on the 20% bracket, for example, has been lifted from $16,000 to $45,000. Tax New Zealand passes BEPS bill to prevent multinational tax avoidance News Aggregation Team Friday, June 29, 2018 1:00 am http://apbankers.net/article/43398/new-zealand-passes-beps-bill-to-prevent-multinational-tax-avoidance This legislation will ensure that multinationals pay tax based on the actual economic activity they carry out in New Zealand Tax OECD launches largest source of comparable tax revenue data News Team Friday, June 29, 2018 1:00 am http://apbankers.net/article/43410/oecd-launches-largest-source-of-comparable-tax-revenue-data “It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”. Tax Temasek says it does not manage CPF savings, gets questioned News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43845/temasek-says-it-does-not-manage-cpf-savings-gets-questioned Temasek responded that CPF monies are invested by the CPF Board in Special Singapore Government Securities (SSGS) that are issued and guaranteed by the Singapore Government. Comment, Analysis & Research Most listed banks post higher Q2 profit News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43848/most-listed-banks-post-higher-q2-profit The 11 banks' cumulative net profit for the April-to-June quarter was 55.3 billion baht Comment, Analysis & Research Top Chinese financier warns Brexit puts London at risk of losing its status as hub for international banks expanding into Europe News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43850/top-chinese-financier-warns-brexit-puts-london-at-risk-of-losing-its-status-as-hub-for-international-banks-expanding-into-europe Yu said it is 'very important for London' that international banks get certainty on Brexit Comment, Analysis & Research Digital lending to become $1 tn opportunity in India over next 5 years: BCG News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43852/digital-lending-to-become-1-tn-opportunity-in-india-over-next-5-years-bcg The report provides insights on the decision making journey of the Indian loan seeker and lists the imperatives for industry participants in the lending ecosystem to capitalise on this opportunity. Comment, Analysis & Research Korean Firm "Finds" Wrecked Warship and Trove of Gold News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43853/korean-firm-ampquotfindsampquot-wrecked-warship-and-trove-of-gold A South Korean construction company, Dong-Ah Construction, claimed to have found the wreck of the Donskoii in the early 2000s Comment, Analysis & Research Sale of missing CEFC Chinese oligarch’s Manhattan pad, Hong Kong office and global real estate triggered by bond default News Aggregation Team Sunday, July 22, 2018 1:00 am http://apbankers.net/article/43855/sale-of-missing-cefc-chinese-oligarchamprsquos-manhattan-pad-hong-kong-office-and-global-real-estate-triggered-by-bond-default Ye, who just turned 41 last month, has been missing from public view Comment, Analysis & Research UAE-China investments: a bedrock of mutual economic growth News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43832/uae-china-investments-a-bedrock-of-mutual-economic-growth It is only natural for the UAE to solidify its investment ties with China, the world’s second-biggest economy and the UAE’s top global trading partner Comment, Analysis & Research Hong Kong WM assets hit $1trn News Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43833/hong-kong-wm-assets-hit-1trn The survey findings illustrate the sustained growth of Hong Kong’s asset and wealth management industry. Comment, Analysis & Research China Focus: Foreign banks seek to add value to China's Belt and Road Initiative News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43831/china-focus-foreign-banks-seek-to-add-value-to-chinaamp039s-belt-and-road-initiative The contract value of newly-signed contracted engineering projects in countries along the route was 47.79 billion U.S. dollars. Comment, Analysis & Research What Asian investors can learn from UK pensions News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43834/what-asian-investors-can-learn-from-uk-pensions Britain’s well developed pensions industry, with some 3 trillion $4 trillion in assets Comment, Analysis & Research ANZ, NAB deny misconduct in agribusiness cases News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43791/anz-nab-deny-misconduct-in-agribusiness-cases The big four bank conceded that its actions fell below community standards and expectations on several instances, but argued that they do not amount to misconduct. Retail Banking Arab Bank attains licence to operate in China News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43804/arab-bank-attains-licence-to-operate-in-china Arab Bank did not reveal when it expects to open doors for business in Shanghai. Retail Banking ANZ backs moratorium on drought-stricken farmers, admits to misconduct News Aggregation Team Tuesday, July 17, 2018 1:00 am http://apbankers.net/article/43758/anz-backs-moratorium-on-drought-stricken-farmers-admits-to-misconduct The banks were responding to criticism this month by the banking royal commission's top lawyer over their overly tough treatment of farmers. Retail Banking BDO retains Best Bank standing News Aggregation Team Friday, July 13, 2018 1:00 am http://apbankers.net/article/43683/bdo-retains-best-bank-standing “The competition was extremely tight this year, with numerous financial institutions proving their resilience in a difficult regulatory and banking environment,” Finance Asia said in the announcement of winners. Retail Banking DOF eyes privatizing Overseas Filipino Bank News Aggregation Team Monday, July 02, 2018 1:00 am http://apbankers.net/article/43441/dof-eyes-privatizing-overseas-filipino-bank The Bank is also going to discuss with the Insurance Commission the possibility of offering insurance products online through the OFB, as well. Retail Banking CBA puts South African business under review: sources News Aggregation Team Friday, June 29, 2018 1:00 am http://apbankers.net/article/43415/cba-puts-south-african-business-under-review-sources It is believed the bank is in early stage talks to sell the business to minority shareholder African Rainbow Capital. Retail Banking Billionaire Bangkok Bank boss leaves solid legacy News Aggregation Team Wednesday, June 27, 2018 1:00 am http://apbankers.net/article/43349/billionaire-bangkok-bank-boss-leaves-solid-legacy Chatri Sophonpanich inherited an empire and broadened its scope Retail Banking Bangkok Bank chairman Chatri dies at 85 News Aggregation Team Tuesday, June 26, 2018 1:00 am http://apbankers.net/article/43323/bangkok-bank-chairman-chatri-dies-at-85 Forbes ranked him the 26th richest person in Thailand with cash and assets of about 45.57 billion baht Retail Banking ANZ offloads PNG retail bank for $10m News Aggregation Team Tuesday, June 26, 2018 1:00 am http://apbankers.net/article/43324/anz-offloads-png-retail-bank-for-10m ANZ has announced the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina Bank in its latest divestment of Asian retail businesses. Retail Banking Australia's ANZ sells some Papua New Guinea businesses to local bank News Aggregation Team Monday, June 25, 2018 1:00 am http://apbankers.net/article/43296/australiaamp039s-anz-sells-some-papua-new-guinea-businesses-to-local-bank In a separate statement issued by Kina, it said it was buying the ANZ PNG businesses for PGK24.2 million ($7.19 million). Retail Banking Romania wants to become member of China-led Asian Infrastructure Investment Bank News Aggregation Team Friday, July 20, 2018 1:00 am http://apbankers.net/article/43835/romania-wants-to-become-member-of-china-led-asian-infrastructure-investment-bank China aims to make AIIB an alternative lender to World Bank or IMF Investment Bank Bankwest cites rise in mobile banking as it closes branches News Aggregation Team Thursday, July 19, 2018 1:00 am http://apbankers.net/article/43790/bankwest-cites-rise-in-mobile-banking-as-it-closes-branches The move will leave the bank with 14 east coast branches. Investment Bank Japan group rebrands subsidiary as MUFG Bank News Team Tuesday, July 17, 2018 1:00 am http://apbankers.net/article/43746/japan-group-rebrands-subsidiary-as-mufg-bank The name change will strengthen the bank’s identity as part of the wider MUFG group. Investment Bank Banks face cash squeeze as fund managers, households draw deposit News Aggregation Team Monday, July 16, 2018 1:00 am http://apbankers.net/article/43726/banks-face-cash-squeeze-as-fund-managers-households-draw-deposit The gap between loan and deposit growth has increased from $390 billion in the second quarter of 2017 to $457 billion in the first quarter of 2018 Investment Bank Euromoney names the world’s best banks in its 2018 Awards for Excellence News Aggregation Team Friday, July 13, 2018 1:00 am http://apbankers.net/article/43674/euromoney-names-the-worldamprsquos-best-banks-in-its-2018-awards-for-excellence Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards. Investment Bank Deutsche Bank Wins Nod to Underwrite Corporate Bonds in China News Aggregation Team Friday, July 13, 2018 1:00 am http://apbankers.net/article/43676/deutsche-bank-wins-nod-to-underwrite-corporate-bonds-in-china NAFMII allows the bank to arrange bonds in interbank market Investment Bank Strong institutional demand underpins KDB’s return to euro bond market News Aggregation Team Friday, July 13, 2018 1:00 am http://apbankers.net/article/43681/strong-institutional-demand-underpins-kdbamprsquos-return-to-euro-bond-market The Korea Development Bank returned to the euro bond market for the first time in five years Investment Bank Citi readies for Asia investment surge with new China desk as trade war intensifies News Aggregation Team Thursday, July 12, 2018 1:00 am http://apbankers.net/article/43655/citi-readies-for-asia-investment-surge-with-new-china-desk-as-trade-war-intensifies The drive comes as the United States imposes tariffs on Chinese imports, with China responding in kind. Investment Bank Standard Chartered, Citi win big in The Asset Triple A Asset Servicing Awards 2018 News Aggregation Team Thursday, July 12, 2018 1:00 am http://apbankers.net/article/43661/standard-chartered-citi-win-big-in-the-asset-triple-a-asset-servicing-awards-2018 Standard Chartered accepts Best in Asset Servicing award Investment Bank JPMorgan to sell India fund management arm, report says News Aggregation Team Wednesday, July 11, 2018 1:00 am http://apbankers.net/article/43636/jpmorgan-to-sell-india-fund-management-arm-report-says “The transaction, which involves a nominal consideration by Apollo towards the acquisition, will officially close this summer,” the sources are quoted as telling PERE. Investment Bank