ANZ bulks up HK currency team
(14 April 2010 – Australia) Australia and New Zealand Banking Group (ANZ) is reportedly looking to add as many as 80 extra staff to its Hong Kong currency team.
ANZ’s deputy chief executive officer of Asia-Pacific, Europe and America, Gilles Plante, told Bloomberg, that three years ago the bank’s dealing room had less than 10 people, however now boasts 120 and is on its was to increasing the staff count to 200.
The bank has had regulatory success in the region, announcing last week that ANZ had received preparatory approval for local incorporation from the China Banking Regulatory Commission (CBRC), bringing the bank a step closer to being the first Australian bank to establish a wholly owned bank in China.
In moving with the bank’s super regional strategy and focus on the Asian markets, the bank has seen a 45 percent surge in the number of staff employed in the Asia-Pacific division to 8000 in the last two years.
The bank has had regulatory success in the region, announcing last week that ANZ had received preparatory approval for local incorporation from the China Banking Regulatory Commission (CBRC), bringing the bank a step closer to being the first Australian bank to establish a wholly owned bank in China.
In moving with the bank’s super regional strategy and focus on the Asian markets, the bank has seen a 45 percent surge in the number of staff employed in the Asia-Pacific division to 8000 in the last two years.
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