Briefs: CBA's Shortt invited to the top table, Japan's Resona Holdings repays government debt, India 03 March 2015 4:24PM Banking Day staff Briefs, Commonwealth Bank' chief marketing officer, Vittoria Shortt, has been promoted to the role of group executive, marketing and strategy. She joins the bank's group executive team and will report to chief executive Ian Narev. Shortt, who started her career in audit and corporate finance at Deloitte, joined CBA in 2002. Asset sales are in the news, with The Australian reporting that Royal Bank of Scotland is looking for a buyer for its Australian corporate and institutional banking operations and the Australian Financial Review's Street Talk column reporting that ANZ has started the sale of two investor platforms, Oasis and PortfolioOne. RBS has suffered seven years of losses and last week announced that it was undertaking a global restructure to create a "safer and more sustainable" bank. ANZ's Oasis platform has A$7 billion of assets. The bank will retain its OneAnswer and Smart Choice platforms. The Australian Prudential Regulation Authority said it was looking into claims that bank-owned superannuation funds used illegal inducements to win business, according to a report in the AFR. On Monday the paper published results of a survey of small and medium business owners, who said they were offered various inducements to change their staff default super funds from industry funds to bank-owned retail funds. Japan's banking industry may reach a milestone in June, when Resona Holdings is scheduled to be the last of the country's five megabank groups to repay a public fund injection dating from the 1990s, Japan News reports. The government loaned ¥13 trillion in public funds to Japanese financial institutions after the country's bubble economy burst in the early 1990s. India will inject 79.4 billion rupees (US$1.3 billion) into state-owned banks in the next financial year to bolster their capital reserves, IBN Live reported. Fitch's Indian unit, India Ratings and Research, said the capital infusion was far lower than expected. The agency had forecast 200 billion rupees would be needed. China is working to simplify approval procedures to open its banking sector more widely to private firms. The chairman of the China Banking Regulatory Commission, Shang Fulin, said private firms would be encouraged to join the restructuring of "high-risk" city commercial banks, rural credit cooperatives and non-banking financial institutions, according to a Reuters report. The CBRC "is speeding up the issuance of guidelines on the development of private banks," Shang said. ANZ continues to make interesting hires in Asia. David Qu joins the bank as China Rates Strategist. Qu was previously Deputy Division Chief of the Financial Stability Bureau at the People's Bank of China (PBOC) in Beijing.