Commonwealth Bank Focuses On Asia-Pacific Region Growth

BANKS

Commonwealth Bank of Australia (CBA) is embarking upon an expansion strategy that it hopes will make it the dominant foreign exchange trading bank in Australia and the premier Australian name internationally, officials say. CBA is focusing its energies on the Asia-Pacific region, where Australia is fast increasing its trade.

CBA appointed Paul Riordan, formerly treasurer at Bank of America in Sydney, as its new global head of trading in the financial markets area (FX Week, December 19).

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