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FINANCE Thursday, 1 October 2015 14:40

ANZ Gets Myanmar Banking Licence

Australian bank ANZ announced it has received the final regulatory approval from the Central Bank of Myanmar to open a branch in Myanmar, paving the way for the official opening of its Yangon office on 2 October 2015. Other recent licence winners include...

FINANCE Wednesday, 30 September 2015 22:49

Standard Chartered Private Bank Announces New Offshore Market Head For Taiwan

Standard Chartered Bank has appointed Vicky Lin as Managing Director, Head of Taiwan Market, Private Banking. Based in Hong Kong, Lin will manage the offshore Taiwanese market as part of the broader Greater China and North Asia region. This is a newly-created...

FINANCE Wednesday, 30 September 2015 15:41

Singapore Retail Trust Acquires Japanese Mall

Singapore listed Croesus Retail Trust, (CRT), the first Asia-Pacific retail business trust with an initial portfolio located in Japan, has entered into an agreement to acquire Torius Property, a completed retail property located in Fukuoka, Japan for S$95.2...

FINANCE Wednesday, 30 September 2015 15:40

APAC Midweek Moves – September 30th

September has witnessed a lot of career activity among senior professionals in South East and North Asia as well as in Australia. As the month comes to a close here is a summary of the most recent moves. October might not see as much activity, however look out...

FINANCE Wednesday, 30 September 2015 15:38

Another Abe Arrow Fails To Hit The Mark

According to reports out of Japan overnight one of Shinzo Abe’s key initiatives to help stimulate the domestic economy has failed to take off. Hundreds of firms had been expected to apply for cash rewards in exchange for reaching targets to place women in...

FINANCE Wednesday, 30 September 2015 15:37

India's Paytm Gets Strategic Investment From Alibaba Group And Ant Financial

Alibaba Group Holding Limited, Ant Financial Services Group and One97 Communications, the parent company of Paytm, India's largest mobile payment and commerce platform, have announced an agreement under which Alibaba and Ant Financial have agreed to make a...

FINANCE Tuesday, 29 September 2015 21:14

Returned talent and big plans at UBS Hong Kong

Banking giant UBS is planning a market offensive among wealthy business people in Hong Kong. The bank is looking for additional client advisors for its new offices in Kowloon. Chosen to lead the new team, a private banking heavyweight who has a long history with...

FINANCE Tuesday, 29 September 2015 16:43

Singapore: A Financial Center Disappears

Almost unnoticed by the Western world, a massive environmental problem has arisen in Singapore. Not only is it restricting the everyday life of the population, it is increasingly becoming a serious burden for the financial center.

FINANCE Tuesday, 29 September 2015 15:12

EXCLUSIVE: Senior Hire At Singaporean Private Bank

The private banking arm of Singaporean banking giant OCBC, Bank of Singapore, has appointed Charlotte Wun to the role of head of products. It is believed that she will be based in Hong Kong. Wun was formerly the chief investment officer, DIM, Asia at RBC...

FINANCE Tuesday, 29 September 2015 15:10

Nikko Asset Management NZ Appoints New MD

Nikko Asset Management New Zealand has appointed George Carter as Managing Director, the company announced today. He will replace Peter Lynn who is taking up a newly formed global role within the company. Carter will join Nikko Asset Management New Zealand in...

FINANCE Tuesday, 29 September 2015 15:09

Mobile Banking Users To Double By 2019

The Asian Wealth Times recently reported here that Australians expected to be living in a near cashless society by 2020. Now a new report from KPMG is highlighting the rapid global growth of mobile banking. In the next four years, the number of mobile banking...

FINANCE Tuesday, 29 September 2015 15:08

New Asian Venture For French Auction House

For the first time in its history, Artcurial will organise an auction in Hong Kong, in collaboration with Spink, on 5th and 6th October 2015, organized by Isabelle Bresset, a Director of Artcurial, France. This auction is part of the international development...

FINANCE Monday, 28 September 2015 22:16

China CITIC Bank International to introduce Avaloq Banking Suite

The Swiss Avaloq group, an international leader in integrated and comprehensive banking solutions, will implement the Avaloq Banking Suite at China CITIC Bank International Limited.

FINANCE Monday, 28 September 2015 20:15

China CITIC Bank International To Introduce Avaloq Banking Suite (CMigrator copy 1)

The Avaloq group, an international leader in integrated and comprehensive banking solutions, will implement the Avaloq Banking Suite at China CITIC Bank International Limited (“CNCBI”). The Hong Kong based bank has chosen the Avaloq Banking Suite based on its...

FINANCE Monday, 28 September 2015 14:52

Australia And US Tax Authorities Start To Share Bank Information

The Australian Taxation Office (ATO) has undertaken its first ever automatic sharing of bank information with the United States (US) Internal Revenue Service (IRS). Details of over 30,000 financial accounts worth over $5 billion are being provided to the US under...

FINANCE Monday, 28 September 2015 14:51

Tomorrow Will Definitely Be Better Than Today – Japanese PM

Now that the third arrow of Japan’s Prime Minister seems to have lost velocity and direction, the recently embattled Abe has taken to some good old-fashioned political clichés to try and keep up the momentum of his much touted Abenomics plan. However in a nation...

FINANCE Monday, 28 September 2015 14:50

CalPERS Increases China Exposure With Real Estate Partnership

The California Public Employees’ Retirement System (CalPERS) has almost doubled its investment in a Chinese office and retail mall strategy. The US pension fund has added $300million to the ARA China Long Term Hold entity, according to a board meeting document. CalPERS...

FINANCE Monday, 28 September 2015 14:47

Global Life Insurer Expands Australian Distribution Team

Leading life insurer AIA Australia have announced the appointment of five new distribution team members as it bolsters its adviser support resources in response to impending transition to the new Life Insurance Framework. Bruno Santos has been appointed to the...

FINANCE Saturday, 26 September 2015 16:00

Emerging Markets Returns Not For The Faint Hearted, Says Lonsec

Brave-hearted investors can still expect reasonable returns from emerging markets investment but should adopt a measured long term approach and be prepared for periodic selloffs, according to a new report from research house Lonsec. Lonsec recently released its...

FINANCE Saturday, 26 September 2015 15:59

India, Indonesia Mutual Fund Markets Share Similar Traits

Global analytics firm Cerulli Associates notes that there are several similarities in the mutual fund industries of Indonesia and India, ranging from their expansive and diverse geographies and cultures, to low mutual fund penetration rates and similar regulatory...

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