Retail Banking News Updates, July 25th 2012

Julius Baer in strategic pact with BoC HK
Julius Baer has entered a strategic partnership with Bank of China Hong Kong (BoC HK). According to the agreement, BoC will refer its existing and potential clients outside mainland China who require private banking services to Julius Baer. The Swiss bank will also refer existing and potential clients who require non-private banking products and services to the Chinese bank.

ANZ opens news sub-branch in Guangzhou
Australia and New Zealand Banking Group (ANZ) has opened a new sub-branch in TianHe, Guangzhou. The sub-branch will offer a wide range of services including deposits, mortgages, wealth management and international banking services for overseas study and migration. It is part of ANZ’s plan to increase its network in China to 20 outlets subject to regulatory approval.
 
BNZ offers free mentoring to start-up businesses
A new partnership between Bank of New Zealand and Business Mentors New Zealand will offer start-up business owners free mentoring and advice from business leaders. Along with free access to a business mentor for up to two years, BNZ’s new offer for start-ups includes other items including a telco package and diagnostic tools for starting and growing a business. 

Re-disseminated by The Asian Banker