Paul Gordon and Kelvin Wong
Australia and New Zealand Banking Group Ltd. aims to add as many as 80 people to its Hong Kong currency team as the bank expands its business in Asia.
“Three years ago our dealing room had less than 10 people,” Gilles Plante, deputy chief executive officer for Asia Pacific, Europe and America for ANZ Bank, said today in an interview with Bloomberg Television. “Today we have 120 and probably we’re on the way to 200.”
ANZ has the most investments in Asia among Australian banks as Chief Executive Officer Michael Smith plans to increase the proportion of income from the region to 20 percent. The bank last year purchased Royal Bank of Scotland Plc’s business in Singapore, Taiwan, Indonesia, Hong Kong, the Philippines and Vietnam and said it will to open 20 branches in China by 2012.
The number of people employed at ANZ Bank’s Asia Pacific division has surged 45 percent to 8,000 over the past two years, the bank said. Since the end of 2008, the bank has hired 214 people in China.
--Editors: James Gunsalus, Malcolm Scott.