30/03/2009
Credit Suisse has announced the launch of an enhanced Chinese version of its Hedge Fund Index website. The website updates a previous Chinese version that was launched in October 2007. The enhanced version was designed to meet client demand...
Posted by Innovative Investor
| Permalink
| Comments (2)
30/03/2009
Derivatives benchmarking firm SuperDerivatives (SD) has confirmed IIndian private bank IndusInd Bank is to take up its derivatives pricing services. In a statement SD said the bank would deploy its service to strengthen its ability to provide "rich and...
Posted by Innovative Investor
| Permalink
| Comments (0)
30/03/2009
Citi is to launch CitiFX Velocity, a new global foreign exchange e-commerce platform for professional traders in Asia Pacific. The platform has been designed to allow traders to customise orders and execution needs, while providing access to the liquidity...
Posted by Innovative Investor
| Permalink
| Comments (0)
30/03/2009
The investment banking division of Barclays Bank, Barclays Capital, has claimed the foundations of a bottom in the global business cycle appear to be in place, suggesting a turn for the better in economic news over the next three...
Posted by Innovative Investor
| Permalink
| Comments (0)
30/03/2009
Seiichiro Uchi, Asia Pacific head of S&P index market development, discusses the outlook for the credit rating industry, and what effect the downturn is having on its product offering with Innovative Investor. How is the market downturn affecting your...
Posted by Innovative Investor
| Permalink
| Comments (0)
30/03/2009
The Royal Bank of Scotland (RBS) as announced two new appointments in Asia. Steve Seymour is the new head of equities sales trading, Asia Pacific and Sally Ng is regional head of research for Asian Financials. Seymour's remit is...
Posted by Innovative Investor
| Permalink
| Comments (1)
23/03/2009
Citi has launched Automated Trading access and Algorithms for Malaysia, allowing its global clients to place electronic orders to Bursa Malaysia. This latest launch adds to it's Electronic Execution suite in Asia which includes Japan, Australia, Hong Kong, Singapore,...
Posted by Innovative Investor
| Permalink
| Comments (1)
23/03/2009
Swiss private bank Clariden Leu has appointed Jimmy Lee Kong Eng as its new Head Asia. He has more than 20 years of experience in the finance industry, and spent the last four and half years as head of...
Posted by Innovative Investor
| Permalink
| Comments (0)
23/03/2009
Global investment bank Nomura has confirmed its global interbank interest rate business has commenced trading through LCH.Clearnet's SwapClear platform. Nomura is the 22nd financial institution to be given dealer status by LCH.Clearnet and is the first to represent Asia....
Posted by Innovative Investor
| Permalink
| Comments (0)
23/03/2009
A report from Standard & Poor's Ratings Services has claimed fiscal reform in China's public sector will be key to the effectiveness of the country's Chinese yuan (CNY) 4 trillion stimulus package. The report - China's Stimulus Plan: Local...
Posted by Innovative Investor
| Permalink
| Comments (1)
23/03/2009
ING Investment Management Asia/Pacific (ING IM) has announced Bas van Buuren is to take on the role of regional head of institutional sales and business development. He will report into Grant Bailey, regional general manager of ING IM, and...
Posted by Innovative Investor
| Permalink
| Comments (0)
23/03/2009
HSBC Global Asset Management has launched the HSBC Investment Grade Bond Fund 2013, which aims to capture "potentially stable returns amid an uncertain market outlook". The Fund will invest in a globally diversified portfolio of around 30 to 40...
Posted by Innovative Investor
| Permalink
| Comments (1)
23/03/2009
The Securities and Futures Commission (SFC) in Hong Kong has issued a reprimand to Macquarie Equities (Asia) Ltd (Macquarie) and fined it HK$4m following an investigation into it's operation of a commission rebate scheme in relation to derivative warrants...
Posted by Innovative Investor
| Permalink
| Comments (0)
16/03/2009
Derivatives benchmark, SuperDerivatives (SD) has improved its VolSurface service as Mark-to-Market Data, enabling cost-effective and self-service derivatives revaluation and risk management. The upgrades are based on customer feedback, which revealed serious concerns about relying on in-house market data or...
Posted by Innovative Investor
| Permalink
| Comments (0)
16/03/2009
The Reserve Bank had reduced the Official Cash Rate (OCR) by 50 basis points to 3%. The OCR has now been reduced 525 basis points in little more than six months, however it is expected this latest cut represents...
Posted by Innovative Investor
| Permalink
| Comments (2)
16/03/2009
Malaysia has announced an additional 60bn ringgit (USD$16bn) in spending and tax incentives over the next two years as new figures predict its economy may contract for the first time in a decade. Najib Razak, the Malaysian deputy prime...
Posted by Innovative Investor
| Permalink
| Comments (0)
16/03/2009
Barclays Capital has appointed David Lau, as managing director, investment banking China within the Investment Banking Division. This appointment follows last month's hiring of Steven Sun and January's hiring of FIG bankers in Japan. Lau will act as the...
Posted by Innovative Investor
| Permalink
| Comments (0)
16/03/2009
Hong Kong Exchanges and Clearing Limited (HKEx) has announced plans to suspend the closing auction session (CAS) in its securities market from 23 March 2009 subject to the approval of the necessary rule amendments by the Securities and Futures...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
Standard Chartered operating profit rises 13% to $4.57 bn, income 26% to $13.97 bn in 2008 Wholesale Banking delivers another outstanding performance; Group customer deposits jump 31%. Standard Chartered PLC announced positive results in a "difficult operating environment". In...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
Appropriate regulation of credit rating agencies will play an important role in building confidence in the marketplace, according to a white paper published by Standard & Poor's Ratings Services. The paper said if the purpose of this regulation is...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
It has been reported that Société Générale Corporate & Investment Banking has appointed Yann Garnier as head of structured product sales of the global equities and derivatives division for the Asia-Pacific region. Based in Hong Kong, Garnier will report...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
China is to make boosting domestic demand a "long-term" strategy and take further measures to stimulate consumer spending, as the country seeks to lead its economy out of a slowdown. In a speech by Premier Wen Jiabao in his...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
The Hong Kong banking business of Industrial and Commercial Bank of China (ICBC), ICBC (Asia) is to implement SuperDerivatives' solution across the bank to support its FX and interest rates derivatives activity. The system provides multi-asset coverage, designed to...
Posted by Innovative Investor
| Permalink
| Comments (0)
09/03/2009
The global economic downturn does not appear to have dampened Chinese corporates' appetite for overseas acquisitions, according to a survey sponsored by The Royal Bank of Scotland (RBS). The bank reported approximately two-thirds of respondents expect Chinese outbound merger...
Posted by Innovative Investor
| Permalink
| Comments (1)
09/03/2009
Sandeep Malhotra, head of global investment strategies at Clariden Leu, talks to Innovative Investor about the hard lessons being learning in the global financial crisis, and the benefits of a maintaining a defensive, conservative attitude towards risk. The size...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
Citi has announced two senior management appointments in Asia Pacific. Mark Renton has been appointed global co-head of public sector group, and Farhan Faruqui has been appointed head of global banking, Asia Pacific. Renton will continue to be based...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
Commonwealth Bank has launched a new capital protected investment, Capital Series Australia II, which is based on growth in the ASX200 over the next five-and-a-half years. The Capital Series Australia II has a maturity date of 27 October 2014,...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
The Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET) have renewed their Memorandum of Understanding (MOU) to continue the co-operation between the two exchanges towards the development of both capital markets. The update MOU aims to foster...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
The board of directors at UBS has announced the appointment of Oswald J Grübel as its new group chief executive. This represents a further step to restore stakeholder confidence following a spate of bad news for the bank, including...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
The Association of Southeast Asian Nations (ASEAN) have agreed to create a $120bn pool of foreign-exchange reserves that can be used by countries to defend their currencies against speculative attacks. At a summit in Phuket, Thailand, finance ministers from...
Posted by Innovative Investor
| Permalink
| Comments (1)
02/03/2009
The Royal Bank of Scotland (RBS) is to reduce its global presence - including its footprint in Asia - following record losses for the bank. Following the announcement of record losses for a British owned company, RBS also confirmed...
Posted by Innovative Investor
| Permalink
| Comments (0)
02/03/2009
Paul Hoff, managing director, Asia Pacific, FTSE Group, talks about going back to basics and new developments in data delivery. What are the biggest challenges you face going forward in 2009? Is it competition, the markets, technology, or something...
Posted by Innovative Investor
| Permalink
| Comments (0)
