(23 March 2010 – Asia) ANZ Banking Group Ltd has announced the completion of its acquisition of the Royal Bank of Scotland’s (RBS) retail and commercial businesses in Hong Kong and the launch of a new priority service for affluent retail customers in the Asia-Pacific region.As part of the deal ANZ is acquiring the RBS’s retail and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and its institutional businesses in Taiwan, the Philippines and Vietnam.
The bank has already completed its acquisition of RBS in the Philippines and Vietnam.
In Hong Kong for the launch, ANZ’s CEO Asia Pacific, Europe and America, Alex Thursby, said that the bank is integrating into ANZ more than 40,000 RBS customers and 350 RBS staff in Hong Kong.
To coincide with the completion of the acquisition, ANZ also announced its new Signature Priority Banking service, which is available to in Hong Kong for individuals with assets greater that HK$1 million to invest.
Under the new banking service, clients receive a personal relationship manager, access to investment and portfolio management specialists, and full banking and wealth management services.