Profile: Australia and New Zealand Banking Group Ltd (ANZBY.PK)
25 Aug 2014
Australia and New Zealand Banking Group Limited (ANZ), incorporated on July 14, 1977, provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. It also operates in a range of other countries, including the United Kingdom and the United States. The Company operates on a divisional structure with Australia, International and Institutional Banking (IIB), New Zealand, and Global Wealth and Private Banking. As of September 30, 2012, the Company had 1,337 branches and other points of representation worldwide, excluding automatic teller machines (ATMs). In September 2012, it sold its remaining shareholding in Visa Inc. In May 2013, the Company ceased to be substantial holder in respect of ING Private Equity Access Limited. In May 2014, the Company and its subsidiaries ceased to be a substantial holder of WestSide Corp Ltd.
The primary sources of external revenue across all divisions are interest, fee income and trading income. The Australia and New Zealand divisions derive revenue from products and services from retail banking and commercial banking. IIB derives its revenue from retail banking, and institutional and commercial products and services. Global Wealth and Private Banking derives revenue from wealth products and private banking. Group Centre provides support to divisions, including risk management, financial management, strategy and marketing, human resources and corporate affairs.
The Australia division comprises Retail and Commercial and business units. Retail includes Mortgages, Consumer Cards and Unsecured The Australia division comprises lending and deposits. Commercial includes Esanda, Regional and Commercial Banking, Business Banking and Small Business Banking.
Retail Distribution delivers banking solutions to customers through the Australian branch network, ANZ Direct and specialist sales channels. Retail Products is responsible for delivering a range of products, including mortgages, credit cards, personal loans, transaction banking, savings accounts and deposits. It also provides online and electronic payment solutions for businesses. Mortgages provides housing finance to consumers in Australia for both owner occupied and investment purposes. Cards and Payments provides consumer and commercial credit cards, personal loans and merchant services. Deposits provides transaction banking, savings and investment products, such as term deposits and cash management accounts.
Esanda provides motor vehicle and equipment finance and investment products. Regional Commercial Banking provides a range of banking services to personal customers and to small business and agribusiness customers in rural and regional Australia, and includes the acquisition of loans and deposits from Landmark Financial Services. Business Banking provides a range of banking services, including risk management, to metropolitan based small to medium sized business clients.
Global Wealth and Private Banking division
The Global Wealth and Private Banking division comprises Funds Management, Insurance and Private Banking, which provides investment, superannuation, insurance products and services (including Private Banking) for customers across Australia, New Zealand and Asia.
Private Banking specializes in assisting individuals and families to manage their wealth. The businesses within Private Banking & Other Wealth include Private Bank, ANZ Trustees, E*Trade, Investment Lending, Super Concepts and Other Wealth. Funds Banking Management and Insurance includes OnePath Group (in Australia and New Zealand), ANZ Financial Planning, ANZ General Insurance, Lender’s Mortgage Insurance and Online Investment Account.
Group Centre comprises Global Services & Operations, Group Technology, Group Human Resources, Group Risk, Group Strategy, Group Corporate Affairs, Group Corporate Communications, Group Treasury, Global Internal Audit, Group Finance, and Group Marketing, Innovation and Digital and Shareholder Functions.
International and Institutional Banking division
The International and Institutional Banking division comprises Global Institutional, Retail Asia Pacific and Asia Partnerships business units, together with Relationship and Infrastructure. Global Institutional provides global financial services to government, corporate and institutional clients. Institutional delivers transaction banking, specialized lending and markets solutions in Australia, New Zealand, Asia Pacific, Europe and America.
Transaction Banking provides working capital solutions, including deposit products, cash transaction banking management, trade finance, international payments, and clearing services to institutional and corporate customers. Global Markets provides risk management services to corporate and institutional clients globally in relation to foreign exchange, interest rates, credit, commodities, debt capital markets, wealth solutions and equity derivatives. Markets provides origination, underwriting, structuring and risk management services, advice and sale of credit and derivative products globally. Markets also manages the Company’s interest rate risk position and liquidity portfolio.
Global Loans (including Corporate Banking) provides term loans, working capital facilities and specialist loan structuring. It provides specialist credit analysis, structuring, execution and ongoing monitoring of customer transactions, including project and structured finance, debt structuring and acquisition finance, loan product structuring and management, structured asset and export finance. Retail provides retail and small business banking services to customers in the Asia Pacific region and also includes investment and insurance products and services for Asia Pacific customers. Asia Partnerships, which is a portfolio of strategic partnerships in Asia. This includes investments in Indonesia with PT Bank Pan Indonesia, in the Philippines with Metrobank Cards Corporation, in China with Bank of Tianjin and Shanghai Rural Commercial Bank, in Malaysia with AMMB Holdings Berhad and in Vietnam with Saigon Thuong Tin Commercial Joint-Stock (Sacombank) and Saigon Securities Incorporation. Relationship & Infrastructure includes client relationship management teams for global institutional and financial institution and corporate customers in Australia and Asia, corporate advisory and central support functions.
New Zealand division
The New Zealand division comprises Retail and Commercial business units, and operations and support, which includes the central support functions (including Treasury funding). Retail includes mortgages, credits cards and unsecured lending to personal customers in New Zealand. Commercial & Agri provides financial solutions through a relationship management model for medium-sized businesses, including agri-business. Asset Finance (including motor vehicle and equipment finance), operating leases and investment products are provided under the UDC brand. Small Business Banking provides a range of banking services to small enterprises.
Australia and New Zealand Banking Group Ltd
Anz Centre Melbourne, Level 9
833 Collins Street
MELBOURNE VIC 3008