ANZ enters alliance with Swiss bank
ANZ has announced a strategic alliance with Swiss private bank Vontobel after it signed a co-operation agreement.
The agreement follows the signing of a Memorandum of Understanding between the companies in late 2012.
Set for an initial period of five years, Vontobel will act as an adviser to ANZ’s Global Wealth business in the areas of global asset allocation and equity investing.
ANZ said it can now offer its private clients exposure to Vontobel’s differentiated investment and product expertise.
It is expected full capabilities will be made available to clients in 2014. Meanwhile, ANZ and Vontobel will focus on implementing services and training staff in Asia, Australia and New Zealand.
“Through our alliance with Vontobel we will provide our clients across the Asia Pacific region with world-class investment and asset allocation solutions, which includes expertise and capability in global asset allocation, equity investing, and sophisticated client advisory services,” ANZ Global Wealth chief executive officer Joyce Phillips said.
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