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ANZ boss Elliott wields axe on Asia units to boost returns

Wednesday, November 2, 2016 - 05:50

While he dismissed suggestions that ANZ was taking a "big step back" from Asia, CEO Shayne Elliott has made clear that the disengagement from low-returning divisions is picking up steam.


JUST 10 months into the top job and Australia & New Zealand Banking Group Ltd (ANZ) boss Shayne Elliott is taking an axe to much of his predecessor's Asian legacy.

The chief executive officer of the Melbourne-based lender announced the sale of retail and wealth-

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