The perks of ANZ’s Asian infatuation

A subtle shift from quantity to quality in Asia, and continued cost-cutting at home, has helped Mike Smith trump critics of his strategy with impressive results.

Against the backdrop of increasing scepticism about the merits of ANZ Banking Group’s Asian strategy, chief executive Mike Smith clearly feels the need to convince the market that he can walk and chew gum at the same time. It appears he can.

Today’s commentary around ANZ’s full-year results contained a spirited defence of the strategy, unique within the Australian banking system.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles