ANZ in forex capabilities reorg

The Australian bank is bringing together the two desks to ensure the business is more closely organised around its clients, it said. It is aiming to have completed the integration by November.

The bank is seeking to improve its market position by combining the best of both businesses. However, it said the change was not being made to bring about a cut in staff numbers although it would not comment on whether there would be redundancies and would not give details on the likely outcome for FX

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