FinanceAsia Magazine

Issue: February 2012

Issue: February 2012

The Chinese New Year has roared in, but there isn't an overwhelming sense of optimism. Rather, the feeling is one of apprehension, as if we really are all staring down the nose of a fire-snorting dragon that is about to exhale. The fact that three out of five of our most read web stories (listed on page 14 of Primary Markets) for the month of January were about people being laid off from their jobs and another was questioning if some senior management were overpaid, sums up the sentiment.

Many bankers are worried about their pay and if they will even be employed come this time next year.

Perhaps now is the time then, for introspection. Is it all worth it to you? We think the answer for the vast majority of bankers is that it is — but that the focus may be changing. To be successful during these continuing years of not-quite-out-of-the-downturn, you have to be a team player, focused on the long haul and slow-but-steady growth. As Daniel Edwards of executive search firm Heidrick & Struggles put it, executives should now be measuring their “career success in terms of promotions and financial reward accrued during a number of years, versus marking-to-market on an annual basis.”

Elsewhere in the issue, we celebrate the traditional benchmarks for success — standout deals — in our Achievement Awards for Australia and New Zealand.

We also present the forecasts from specialists in the region about what to expect in the year of the dragon. Hopefully, none of us will get burnt.

Lara Wozniak, Editor
lara.wozniak@financeasia.com

 

Click here to see the full the contents page

 

REGULARS

6
Deal of the month
Hutchison Whampoa’s $2.5 billion bond

8
Primary markets
A summary of key equity and debt deals

16
Bought and sold
M&A transactions that stood out

20
Asia in numbers
Offbeat numbers from the region

22
Month in Asia
Political and economic news brief

24
Investor Dialogue
Robert Horrocks, Matthews International Capital Management

26
People on the move
News of the latest hires and moves

80
Reel Lessons
The Muppets


NEWS

28
Caught between a rock and a hard place
The long-term case for commodity investment

30
Auditors can’t see the forest
KPMG resigns as auditor of China Forestry

31
Citi Orient Securities
Citi gets direct access to China’s domestic market


COVER STORY

32
What is success?
Your interpretation of it defines how you live and work


FEATURES

44
Looking over its shoulder
Australia’s immunity to global woes is wearing thin, making issuers and investors jittery

46
Achievement Awards
Our annual look at Australia and New Zealand’s best banks and deals

54
Enter the dragon
As the year of the dragon begins, many banks make their annual forecasts

58
The great bond rush
We interview Arthur Lau, PineBridge’s head of fixed income Asia ex-Japan

62
CFOs are in the driver’s seat
Corporate finance chiefs want better service and less risk from their cash management banking relationships

66
Cashing in on Asia’s growth
US banks take advantage of Europe’s debt problems to build relationships with Asian financial institutions

72
Financial services on the go
We interview Sandeep Phanasgaonkar, the chief technology officer at Reliance Capital, about business processes in India

74
Banks bear the brunt
Two years of tight money, a slowing economy, persistent inflation and a profligate government have brought unprecedented pressure on bank profitability

76
Slowdown in renminbi appreciation to benefit dim sum market
Expect more of a focus on credit quality and for issuers to seek credit ratings before launching offshore renminbi bonds

 

 

About FinanceAsia Magazine

Established in 1996, FinanceAsia is the leading publisher of financial news in the Asia-Pacific region. Our combination of print and online products provide the latest news, analysis and insight into Asia’s financial markets.

Published monthly from our office in Hong Kong, FinanceAsia magazine provides our readers with the latest financial trends, interviews, features and investigative reports. The publication has a readership of key decision-makers at corporations, governments, investment and commercial banks, institutional investors, asset managers, brokers, traders and financial intermediaries.

Our regular sections include:

Data Story
We look at the key data behind a topical theme in Asian finance, showcased with an array of graphs and tables.

Greenshoe
A monthly opinion column from the FinanceAsia editorial team. We provide our thoughts on a topic making the headlines.

Deal of the Month
Our regular two-page spread with its signature artwork and in-depth analysis examines the equity, debt or M&A deal that we feel has had the biggest impact on the Asian capital markets that month.

Investor Dialogue
For company CEOs and CFOs, what investors think is a critical concern, and in this column we help them understand just this. Each month we speak to a Chief Investment Officer of a top fund and outline their views on corporate governance, what stocks they like and where they expect to generate the best returns.

Soapbox
A monthly opinion piece from a respected author or commentator on Asian business, finance or economics.

People on the Move
Here we summarise the key hires, fires and moves at the region’s banks, highlighting at least one major move each month.

Deal Tracker
We examine the major primary markets deals of the month and comment on the quality of the debt or equity transaction and the secondary market performance.

The Arts of Finance
A light-hearted look at investment opportunities surrounding the arts business in Asia.

 

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