National Australia Bank is set to open a branch in Beijing later this year. Photo: Jessica Shapiro

National Australia Bank will open a branch in Beijing,http://www.garciacallejo.com/repertorio.asp?NFL_Cleveland_Browns/productgroup/custom_shop/Nike_Cleveland_Browns_Youth_White_Custom_Game_Jersey, its second in China,http://www.lluviacaballo.com/Melomano.asp?nhl-iphone-case-c-127_879.html, after receiving approval from the China Banking Regulatory Commission,https://www.gourmaleo.com/wp-rdf.php?sacramento-kings-8-rudy-gay-black-revolution-30-swingman-nba-jerseys-cheap-p-85255.html, in a move NAB says will support its Asian strategy to support Australian companies doing business in the region.
NAB said its new branch, which will open later in the year,http://www.nievaline.com/loader.asp?Cheap_Orlando_Magic_Mens_Jerseys, would also work with Chinese institutional and corporate clients wanting to trade with or invest in Australia and New Zealand,http://www.nievaline.com/progetti.asp?marquise-goodwin-custom-jersey-buffalo-bills-home-game-jersey.aspx, particularly in the energy, utilities,http://www.piedracultivada.com/loader.asp?Rob_Gronkowski_Gear, natural resources,http://www.segoviaformacion.com/gallery.asp?NHL-Jersey_a156.html, food and agribusiness sectors. The branch will be run by Danny Armstrong,http://mobiladinbali.ro/wp-rss.php?nfl.html, NAB's general manager of China Banking.
Meanwhile,http://www.segoviaformacion.com/gallery.asp?Indlana-Pacers_a935.html, ANZ Banking Group has appointed Peter Chan as chief executive of ANZ in the Philippines,http://www.streetsmartnv.com/fantversion.php?CJ_Anderson_Denver_Broncos_Jerseys, where ANZ has a bank, credit card partnership with Metrobank and an operations hub. He will report to ANZ's managing director South East Asia and India,http://www.segoviaformacion.com/repertorio.asp?products/womens-nhl-jerseys-apparel-Chc-78184536-1588609b.jsp, Sameer Sawhney. The current Philippines CEO, Panadda Manoleehakul,http://www.nievaline.com/loader.asp?Cheap_San_Francisco_Giants, is staying with ANZ to establish its branch presence in Thailand. ANZ said in a statement Ms Manoleehakul would be appointed to a new senior role with ANZ later this year.
NAB is pursing a different Asian strategy to ANZ. After being burnt by international expansion in the United States and United Kingdom – which NAB chief executive Andrew Thorburn is withdrawing from by selling Great Western bank in the US and exiting Clydesdale in the UK via a demerger and initial public offering – NAB is taking tentative steps in Asia and has adopted an Asian strategy similar to Westpac Banking Group.
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