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Melbourne (ANTARA News/Asia Pulse) - Australia's ANZ Banking Group Ltd (ASX:ANZ) has completed the acquisition of Royal Bank of Scotland's (RBS) retail and commercial businesses in Hong Kong. The bank also said the integration of the remaining RBS businesses across five countries is progressing well.

"The RBS integration is progressing to plan and today we welcome more than 40,000 customers and 350 staff in Hong Kong," ANZ's chief executive for Asia Pacific, Europe and America, Alex Thursby said on Monday. ANZ now has six branches in Hong Kong.

ANZ also launched a new service in Hong Kong on Monday targeting affluent retail customers across the Asia Pacific with investable assets, or discretionary funds available for investment, of over $HK1 million (US$128,879).


Source:
Business in Asia Today - March.22, 2010
published by Asia Pulse

Editor: Ricka
COPYRIGHT © 2012

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