The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Banking: ANZ shoots straight for Asia

At a time when others have retrenched and reshaped, ANZ stands out for the brassiness of its ambition. Can it match its words with delivery?

WHEN EUROMONEY MEETS Alex Thursby, ANZ’s chief executive for Asia-Pacific, Europe and America, the interview isn’t at the bank’s Singapore office on Raffles Place but in a boardroom at local conglomerate Fraser & Neave. The boardroom is next door to the office of F&N chairman Lee Hsien Yang, who is the brother of prime minister Lee Hsien Loong, son of Singapore’s elder statesman Lee Kuan Yew, and an ANZ director since February 2009.

ANZ is giving Euromoney a message with its choice of interview location: that it is connected in Asia and committed, as well as a presence to be taken seriously. It’s a message that has been hammered home repeatedly for two-and-a-half years since Mike Smith, a former HSBC executive, followed his appointment as ANZ chief executive by unveiling a punchy and highly specific ambition to become what he calls a "super-regional bank", deriving 20% of its earnings from the Asia-Pacific region by 2012 (it was 7% in 2007).

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree