ANZ is focused on progressing its super regional strategy and is continually looking for strategic mergers and acquisitions opportunities.

In 2009, ANZ made several acquisitions to complement its organic growth in Australia and Asia Pacific.

Royal Bank of Scotland Asia

On 4 August 2009, ANZ announced it had reached agreement with the Royal Bank of Scotland Group plc (RBS) to acquire selected RBS businesses in Asia delivering on its strategy to be a leading super regional bank by 2012.

The acquisition includes the RBS retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia[1] and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam.

The sale is subject to regulatory approvals in each market with completion anticipated progressively from late-2009. Once the two businesses are combined, ANZ will be able to better meet the needs of clients living or doing business across Asia.

For further information please use one of the following links:

ING Australia and ING New Zealand Joint Ventures

On 25 September, ANZ announced it had reached agreement with ING Group to acquire ING’s 51% shareholdings in the ANZ-ING wealth management and life insurance joint ventures in Australia and New Zealand.

The acquisition provides an established growth platform with strong distribution around 1,700 aligned financial advisers in Australia and New Zealand, relationships with non-aligned planners and existing distribution through the ANZ network.

In Australia ANZ is not acquiring the ING Investment Management business, which remains wholly owned by ING Group. ING Investment Management will continue to be the preferred provider of asset management services to the businesses after the transaction.

In New Zealand, the acquisition includes the Investment Management business of ING NZ which under the existing joint venture has been providing ANZ National with investment management services.

For further information please use one of the following links:

Landmark Financial Services

Landmark Financial Services loan book (PDF 24kB)

  1. The Indonesian business will be acquired through ANZ’s 85%-owned subsidiary, PT ANZ Panin Bank.  ↩