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ANZ’s senior management exits “symptomatic of pressure” facing PBs in Asia

The flurry of senior management exits from ANZ’s wealth management business following its major restructuring endeavour is symptomatic of the pressure facing Asia’s private banking industry, a senior consultant tells Asian Private Banker. “ANZ’s decision to restructure its business and integrate its wealth and retail [divisions] is a sign that private banks will be forced to either consolidate or rebrand…

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