ANZ expands wealth management in Japan
(25 May 2010 – Japan) Australia and New Zealand Banking Group has launched a new sub-branch in Nagoya as part of the bank’s Asia strategy.
ANZ is the first Australian bank to establish an affluent banking presence in Nagoya, which is a top three major metropolitan region in Japan after Tokyo and Osaka, and the centre of Japan’s automobile and manufacturing sectors.
The bank’s chief executive officer of Japan, Robert Bell, said opening a sub-branch in Nagoya was part of a focused growth plan in Japan to expand ANZ’s capabilities for affluent wealth management clients in key Japanese cities.
The bank has had a presence in Tokyo since 1969, providing institutional and wealth management retail banking products and services to Japanese corporations, financial institutions and individuals.
In 1990 ANZ also opened a branch in Osaka to provide wealth management products and services for affluent customers in western Japan.
ANZ is one of the pioneers and market leaders in Australian dollar and New Zealand dollar wealth management products for affluent Japanese customers and is now the first Australian bank to establish a retail presence for customers in Nagoya, Mr Bell said.
The bank looks forward to bringing its Asia Pacific insight and specialist wealth management products to the bank’s affluent customers in Nagoya from the convenience of the new sub-branch located in the heart of Nagoya City, Mr Bell added.
As Japan’s number 3 metropolitan region in Japan, Nagoya and its surrounding area contributed US$530 billion (A$645 billion), or 10 percent, of Japan’s total gross domestic product in 2007.
Nagoya is also one of Japan’s most populous cities, with approximately 10 million people, or around 10 percent of the nation’s population.
The bank’s chief executive officer of Japan, Robert Bell, said opening a sub-branch in Nagoya was part of a focused growth plan in Japan to expand ANZ’s capabilities for affluent wealth management clients in key Japanese cities.
The bank has had a presence in Tokyo since 1969, providing institutional and wealth management retail banking products and services to Japanese corporations, financial institutions and individuals.
In 1990 ANZ also opened a branch in Osaka to provide wealth management products and services for affluent customers in western Japan.
ANZ is one of the pioneers and market leaders in Australian dollar and New Zealand dollar wealth management products for affluent Japanese customers and is now the first Australian bank to establish a retail presence for customers in Nagoya, Mr Bell said.
The bank looks forward to bringing its Asia Pacific insight and specialist wealth management products to the bank’s affluent customers in Nagoya from the convenience of the new sub-branch located in the heart of Nagoya City, Mr Bell added.
As Japan’s number 3 metropolitan region in Japan, Nagoya and its surrounding area contributed US$530 billion (A$645 billion), or 10 percent, of Japan’s total gross domestic product in 2007.
Nagoya is also one of Japan’s most populous cities, with approximately 10 million people, or around 10 percent of the nation’s population.
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