Reuters logo
Vontobel in alliance with ANZ as seeks to grow in Asia
November 27, 2012 / 6:16 AM / in 5 years

Vontobel in alliance with ANZ as seeks to grow in Asia

ZURICH, Nov 27 (Reuters) - Swiss bank Vontobel AG has signed a cooperation deal with Australia and New Zealand Banking Group Ltd (ANZ) aimed at expanding in the growth markets of Australia, New Zealand, Hong Kong and Singapore.

Under the alliance - set to start in the first half of 2013 - ANZ will offer Vontobel’s investment and product expertise via its distribution network across the region.

“The planned alliance with ANZ offers attractive growth potential for our group and is a perfect example of our efforts to systematically extend our business activities into new growth markets,” said Vontobel Chief Executive Zeno Staub.

Vontobel is a mid-sized Switzerland-based private bank which also specialises in asset management and investment banking. (Reporting by Emma Thomasson)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below