ANZ ready to 'pivot to growth' in Asia with support of Asia-Pacific network
Singapore a critical part of bank's strategy as it focuses on institutional business after exit of retail and wealth businesses in 2016.
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IF it seems quieter than usual for the Australia and New Zealand Banking Group (ANZ) in Singapore lately, it is not because the region is becoming less of a priority.
"When you move away from the mass market, there could be such a perception," says ANZ veteran Vishnu Shahaney, in his newly expanded role as country head of Singapore and head of South East Asia, India & Middle East. He recently moved back to Singapore from Indonesia where he was the country head.
The Melbourne-headquartered bank exited its retail and wealth businesses in the Asia-Pacific back in 2016, choosing to focus only on its institutional business - or the top end of the corporate banking segment here.
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