Asiamoney Issue One 2017

Editor's letter

Review

Interview

Jin Liqun: China’s internationalist

Jin Liqun: China’s internationalist

It is a strange world when the most outward-looking financial institution is based in Beijing – welcome to Asian Infrastructure Investment Bank, led by Jin Liqun. But can the rest of the world really accept the idea that this is an apolitical organization formed only for regional infrastructure?

Asia Pacific

Investment banking: Does Deutsche’s fightback begin in Asia?

Investment banking: Does Deutsche’s fightback begin in Asia?

Putting a career transaction banker in charge of Deutsche Bank’s business in Asia made some sort of statement. But of what, exactly? That Deutsche’s old markets powerhouse is no longer in the driving seat? Or that it can be a model for the revival of Deutsche globally?

India

India: It’s a woman’s world

India: It’s a woman’s world

If this was supposed to be the century of the woman, no one thought to tell the international banking community. One country alone has closed the gender gap, and it happens to be Asia’s fastest-growing large economy. Step forward India, where the top ranks of finance are filled with high-flying women.

Ashish Kumar Chauhan: India’s stockbroking supremo

Ashish Kumar Chauhan transformed Indian broking not once but twice, co-founding the National Stock Exchange before jumping ship and joining its rival, the Bombay Stock Exchange, which has just completed its IPO. What lies ahead as competition between the two exchanges intensifies?

Myanmar

Myanmar battles to build a banking system from scratch

Myanmar battles to build a banking system from scratch

A year after the country’s new government passed a financial institutions law to modernize a creaking banking system, Yangon’s licensed commercial bankers are still waiting for regulators to implement the reforms and make the system fit for purpose. In the meantime, savvy locals are trying to get on with building a banking industry.

Htoo Htet Tay Za: Myanmar's millennial banker

Myanmar’s elite are having to adapt to new realities. For Htoo Htet Tay Za, head of AGD Bank, that means trying to create a modern bank in a backward financial system while battling allegations of cronyism levelled against his family.

Bangladesh

Bangladesh central bank spills the beans on banks’ dire debts

Bangladesh central bank spills the beans on banks’ dire debts

It’s the unspoken secret of Bangladesh’s banking world. The true figures for bad loans make a juicy read for investors but are an embarrassment for many of the country’s banks. Do the authorities have the appetite to deal with the problem, now the central bank has revealed all?

Bangladesh's Brac Bank returns to its roots

A management shake-up and a renewed focus on financing small and medium-sized enterprises have boosted Brac Bank’s performance. But CEO Selim Hussain says he is nowhere near finished when it comes to unleashing the bank’s potential.

Sri Lanka

Sri Lanka splashes out on a luxury skyline

Sri Lanka splashes out on a luxury skyline

It’s boom time in Colombo’s property market, eight years after the end of the civil war, as soaring towers transform the colonial-era city into a would-be south Asian Dubai. That’s the government’s plan, but who is going to pay for it, in an economy already deep in debt?

Pakistan

Pakistan points in the right direction

Pakistan points in the right direction

Pakistan and its bankers have enjoyed a purple patch since 2013, when the IMF rescued the country from a near-death experience. There are encouraging signs of a sustainable period of growth, much of it being driven by investor demand. But, with elections looming, can the country continue to build on its hard-won gains?

Pakistan’s banks profit from China’s infrastructure shortcut

China and Pakistan like to describe their relationship as sweeter than honey and stronger than steel. As a huge China-backed project to overhaul Pakistan’s creaking infrastructure takes shape, Pakistani bankers are steeling themselves to discover just how sweet that Chinese investment might be.

Also in this issue

Asiamoney China Private Banking Awards 2017: Customers drive China's wealth managers to new heights

Asiamoney China Private Banking Awards 2017: Customers drive China's wealth managers to new heights

China’s private banking industry is growing in leaps and bounds. High and ultra-high net-worth mainland customers are increasingly mobile, demanding best-in-class service from their financial providers. Banks are adapting to the changing world, rolling out innovative and sophisticated services to their high-end clientele. In recognition of China’s advances in the field, Asiamoney is proud to announce the winners of its awards for best mainland private banks for 2016.

Opinion