Cash management

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  Citi appoints new head of electronic platforms for Asia

  30 Aug 2010 Cash management, Market move
  The US bank has hired Endre Markos from Bloomberg to head electronic markets and platforms for its securities and fund services business, as the bank aims to gain a greater share of online trading in the region.

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  E-commerce forecast to flourish in China

  26 Aug 2010 Cash management, Nations & economies
  Deutsche Bank believes that China’s e-commerce market will facilitate consumer transactions of more than Rmb1.5 trillion by 2014, with increased internet use of almost 60% expected to benefit associated industries.

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  Demand for cash management outpacing supply: DBS

  17 Aug 2010 Cash management, Interviews
  Tom McCabe, group head of global transaction services at DBS, says that the massive level of Asia-originated trade growth over the past 10 years has lead to a dearth in sufficiently experienced senior managers.

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  Cash Management Poll 2010: results in full

  16 Aug 2010 Cash management, Polls & awards
  International banks are trying to expand cash management services in Asia more aggressively than ever, as the region’s economic growth outpaces the rest of the world. But succeeding requires a deft mix of customer support, local presence and global capabilities.

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  Banks bulking up in Asia transaction services

  13 Aug 2010 Cash management
  Both DBS and Deutsche made appointments in their transaction services businesses in Asia this week. It falls in line with a trend as banks seek to boost profitability on the back of stricter regulations and capital requirements.

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  Transition management tipped to grow in Asia

  02 Aug 2010 Cash management, Interviews, Broking
  Credit Suisse’s head of transition management in Asia-Pacific, Tom Wyse, says he is expecting a rise in activity over the next six-to-12 months, having recently noted an increasing number of requests for proposals.

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  J.P. Morgan bolsters global trade practice

  29 Jul 2010 Cash management, Market move
  The US bank announced a raft of senior hires across its global trade business to capture what it expects to be unprecedented growth. Many of its recruits are new appointments in Asia-Pacific, indicating its view of the region’s rich potential.

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  Citi and Deutsche lead Asia's largest Cash Management Poll

  22 Jul 2010 Cash management
  The two banks have impressed more of the region's financial institutions and corporates than ever, in ASIAMONEY's 20th annual survey of cash management services in Asia-Pacific.

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  BNY Mellon aims to expand broker-dealer services

  14 Jul 2010 Cash management, Interviews, Broking, Market move
  The US financial services institution has relocated Michael Schroeder from New York to become regional manager for broker-dealer services in Asia. The move is part of a broader plan to build the division by up to 20% in 12 months. By Karina Vachani.

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  BNY Mellon transfers Daniel Smith into key Asia role

  29 Jun 2010 Cash management, Asset management, Market move
  The asset manager named Daniel Smith as chief administration officer for Asia-Pacific in an internal transfer from its US business. He replaces Lee Stephens, who has relocated for a senior development role in BNY Mellon’s Washington D.C. office.

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  Investor fears force asset managers to go boutique

  29 Jun 2010 Cash management, Asset management
  Funds will be forced to adapt their business models as they deal with rising investor concerns about liquidity and capital protection, a new study has found. This is expected to spawn a multi-boutique approach by asset managers.

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  BNY Mellon granted branch licence in Beijing

  28 Jun 2010 Cash management
  The global asset manager has received regulatory approval to set up a bank branch licence in Beijing. It says it will add 70 more staff over the next three years as it looks to build or acquire local capabilities.

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  DBS names key hires in global transaction services

  23 Jun 2010 Cash management, Market move
  The bank has hired Ken Stratton from J.P. Morgan as global head of sales for GTS in a new role. It also named Lee Tze Tze to run supply chain product management as of July 1 as it aims to double revenues for the business.

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  NAB’s push into Asia trade speaks volumes

  17 Jun 2010 Cash management, Interviews
  The Australian lender is playing catch-up with rivals as it strives to capture trade and investment flows between Asia and Australia. A string of senior hires underline its latest strategic push, but it will have its work cut out amid intense competition.

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  NAB adds quartet to boost Asian trade footprint

  09 Jun 2010 Cash management, Market move
  The Australian bank has announced four senior appointments to strengthen its business and institutional banking presence in Asia. It wants to benefit from growing trade and investment flows between Australia, New Zealand and Asia.

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  Citi hires new securities and fund services head

  08 Jun 2010 Cash management, Interviews, Market wrap
  The US bank has appointed Philippe Dirckx from Euroclear Bank as regional client and sales management head for intermediaries and infrastructures Asia-Pacific. It is an area where Citi sees opportunities for growth in a changing market place.

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  J.P. Morgan grabs DuCharme from Deutsche

  04 Jun 2010 Cash management, Market move
  The bank has hired Thomas DuCharme from Deutsche Bank as CEO of its Asia-Pacific Treasury and Security Services business, which it is striving to double in size by 2013. He had worked at Deutsche as head of transaction banking.

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  HSBC dismisses fears of Asia trade slowdown

  03 Jun 2010 Cash management
  PMI manufacturing data from East Asia and the West revealed a sharp slowdown in activity last month, carrying worrying implications for Asian and global trade flows. However, HSBC is confident it is little more than a mid-cycle correction.

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  Growth of intra-regional trade offers Asia hope

  03 Jun 2010 Cash management, Nations & economies
  Rising regional consumption is helping to offset temporary drops in US consumer demand, and this will only grow further. That spells good news for Asian manufacturers to diversify their sales growth. Leigh Powell reports.

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  Rising trade finance flows face further challenges

  03 Jun 2010 Cash management, Nations & economies
  After a truly miserable time in late 2008 and much of 2009, trade finance flows are growing once again on the back of an improving global economy. But customer caution and Basel II requirements mean that the market is unlikely to regain its former vitality for some time to come. Leigh Powell reports.

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  J.P. Morgan’s hedge fund services head eyes growth

  01 Jun 2010 Cash management, Broking, Market move
  The US bank is striving to build its hedge fund services business in Asia-Pacific to cater to rising demand among increasingly sophisticated funds. Its newly-appointed head for the region says that more hires are on the way.

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  BNY Mellon outlines treasury and trade opportunities

  28 May 2010 Cash management, Interviews
  A. Richard Brown, head of BNY Mellon's Asia-Pacific treasury services business, explains about the natural integration of cash management and trade and why Asia presents some enticing opportunities.

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  Consensus on derivatives reform emerging, says survey

  26 May 2010 Structured products, Cash management
  A report co-authored by BNY Mellon and the Tabb Group suggests that consensus is emerging on a global framework that will help to reduce risk through the use of central clearing, with regulators and market participants in alignment.

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  Sungard eyes Asia M&A opportunities

  13 May 2010 M&A, Cash management, Interviews
  The software firm is targeting emerging markets in Asia for growth as it strives to build its presence in the region. Asiamoney.com interviews David Runacres, its head of sales, international distribution, on the firm’s listing plans and coming trends.

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  China’s QDII market picking up, says BNY Mellon

  12 May 2010 Cash management, Asset management
  The qualified domestic institutional investor market in China is regaining momentum after a difficult few years, notes BNY Mellon. It says confidence in offshore investments is rapidly returning in the wake of the global financial crisis.

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  Citi beats rivals to Thai pension fund mandate

  11 May 2010 Cash management
  The US bank has won a mandate to act as primary payments bank for Thailand’s Government Pension Fund, which has over a million members and US$10 billion in assets. It is an impressive deal, which Citi is certainly not shy about promoting.

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  Optimism growing among Greater China traders

  03 May 2010 Cash management, Nations & economies, Project finance
  Traders from mainland China and Hong Kong are more optimistic about trade prospects within south-east Asia and Greater China than they were six months ago, according to HSBC. But exchange rates and regulations are seen as barriers.

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  BNY Mellon aims to double Asia treasury business

  27 Apr 2010 Cash management
  The US-headquartered firm plans to double the size of its treasury business in Asia over the next five years, following its appointment of Robert Whittemore as its head of treasury services for Japan

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  StanChart unveils ‘innovative’ trade finance deal

  21 Apr 2010 Cash management, Nations & economies, Project finance
  The bank has signed an agreement with IFC for a US$1 billion unfunded risk participation arrangement that will increase the availability of trade finance in the poorest countries. Both parties highlight its innovative structure.

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  Citi hires ex-Fidelity Asia CEO as senior adviser

  15 Apr 2010 Hedge funds, Cash management, Asset management, Market move
  The bank has hired former Fidelity Asia CEO Chris Ryan as managing director and senior adviser for investor services within its Global Transaction Services business. He is Citi’s most senior hire this year as it strives to build out across the region.

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  OCBC plots long-term Malaysia growth: David Conner

  29 Mar 2010 Cash management, Interviews, Nations & economies, Private banking
  In the second section of a two-part interview, Oversea-Chinese Bank Corp. (OCBC) chief executive David Conner discusses integrating ING’s private banking assets, expanding in Malaysia and whether OCBC needs more capital to meet Basel III requirements.

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  BoA-ML hires regional corporate banking head

  18 Mar 2010 Cash management, Loans, Market move
  Bank of America-Merrill Lynch has captured Charles Alexander from StanChart as head of Asia-Pacific corporate banking in a newly created role. He starts in June in Hong Kong, according to an internal memo.

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  Deutsche names key banking heads in Indonesia

  18 Mar 2010 Cash management, Project finance, Market move
  The German firm promotes Michael Sugirin to head of trade finance and cash management corporates, and hires Runi Irnandari from Citi as head of multinational corporates coverage and account management services.

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  Citi’s Asia trade and treasury chief eyes growth

  10 Mar 2010 Cash management, Interviews, Market move
  The bank’s new head of Treasury and Trade Solutions for Asia-Pacific, Sridhar Kanthadai, says he is seeing a flurry of requests for proposals as Asian businesses seek to centralize costs. He talks about his new role, his priorities and his outlook for 2010.

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  DBS confirms head of global transaction services

  23 Feb 2010 Cash management, Market move
  The Singaporean bank has appointed Tom McCabe from StanChart as head of global transaction services. He succeeds Pranam Wahi, who is being transferred to be Middle East head for DBS Bank, effective from March.

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  Citi set to announce Distelbrink replacement

  05 Feb 2010 Cash management, Project finance, Market move
  The US bank is poised to announce a replacement for Ivo Distelbrink, its recently departed Asia head of treasury and trade solutions. He has joined BoA-ML, which also this week unveiled the appointment of Rick Maloney.