ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Companies

ANZ to launch securities business in Japan

Low interest rates drive investors to higher-yielding options abroad

ANZ is targeting institutional investors in Japan with a new securities arm.   © Reuters

TOKYO -- Australia and New Zealand Banking Group will launch a securities arm in Japan within the next few months, Group Executive International Farhan Faruqui tells Nikkei.

ANZ already has branches in Japan, but could not sell asset management products from Asia and Australia here with a banking license alone. It is now seeking membership in the Japan Securities Dealers Association with approval from the Financial Services Agency.

The new unit seeks to tap demand among Japanese institutional investors for overseas products, given the extremely low interest rates in Japan. It will cater to investors who want to expand their non-yen-denominated assets, Faruqui said.

Revenue at ANZ's banking branches in Japan totaled 17.8 billion yen ($162 million) for the fiscal year ended March 2017. Faruqui said the group aims to boost its revenue in the country by double digits every year with the new securities arm.

ANZ Group was founded in 1835 and is one of Australia's four biggest banks. It has exited from the retail sphere in Asia, but sees greater opportunities with institutional investors in Japan, where monetary easing continues.

Canada's Toronto-Dominion Bank also set up a new securities arm in Japan last July targeting institutional investors.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media