Australia’s ANZ is winning institutional banking market share and poaching talent from rivals across Asia by making the most of its regional footprint and taking advantage of the mounting regulatory burden on global rivals.
On Wednesday senior ANZ executives told a group of around 50 analysts and investors in Hong Kong that they scented weakness at Citi, Standard Chartered and HSBC and were poised to reap returns on their regional build out.
“I see Citi, Standard Chartered and HSBC as the people to go after,” said Andrew Géczy, ANZ’s chief executive of international and institutional banking IIB and a former Citi banker.
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