ANZ completes sell of Asian wealth businesses
ANZ has confirmed that it has finalised the sale of its six retail and wealth businesses in Asia in order to focus more on institutional and large corporate customers.
The decision was initially announced in 2016 and ANZ already managed to transfer its retail and wealth businesses in Indonesia, China, Hong Kong, Taiwan and Singapore to DBS Bank.
At the end of 2017, ANZ also sold its retail business in Vietnam to Shinam Bank.
ANZ Group’s executive, international, Farhan Faruqui said: “With the sale of these retail businesses in Asia now finalised, we can further strengthen our focus on supporting large corporate and institutional customers moving goods and capital across the region.”
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.