ANZ Refocuses Singapore Unit With Eye To Build Asian Products

BANKS

ANZ Bank in Singapore is refocusing its treasury, derivatives and FX businesses to become mote Asian product focused and plans to launch emerging market non-deliverable forwards (NDFs) and currency options later in the year.

John Body, county financial markets head based in Singapore, says he is in the midst of beefing up his Lion City treasury and FX team from its current 14 employees to a total of 20 staff within the next six months. He says the hires will mainly be in interest rate deriva