Showing posts with label wealth management. Show all posts
Showing posts with label wealth management. Show all posts

Friday, December 17, 2010

ANZ launches service to high-class clients

Hans-Peter Borgh (R), ANZ head of Affluent Banking in Asia Pacific, gestures while introducing the private lounge to meet customers of the Signature Priority Banking at the bank’s transaction office at the Kumho Asiana Plaza on Monday - Photo: Thuy Trieu
HCMC – ANZ Vietnam on Monday launched a suit of banking service called Signature Priority Banking, targeting affluent retail customers in Vietnam.

Signature Priority Banking provides full banking and wealth management services for customers in Vietnam who has assets greater than US$50,000 in terms of deposit, investment, and insurance products at the bank.

Hans-Peter Borgh, ANZ head of Affluent Banking in Asia Pacific, told a press meeting on Monday that the middle-income class in Vietnam was growing very fast in recent years and he forecast the number of clients using Signature Priority Banking of ANZ would also grow strongly in the future.

According to ANZ’s research, middle-class families in Vietnam was seven million in 2003 and the number will grow to 25 million by 2013, Borgh said. He also added that “the core of our service is a relationship manager who is dedicated to understanding each customer’s entire banking needs, from their preference for every day transactions to their wealth management plans for the future.”

Features of the new banking service of ANZ include Signature Priority Banking debit card with access to more than one million locations worldwide and credit card, and 24-hour phone and Internet banking. Other conveniences include full banking and wealth management services such as savings, current accounts, structured products, and bancassurance, and access to investment specialists, and regular seminars on investment strategies organized by the bank.

Entering Vietnam in 1993, ANZ now has a foreign-owned bank in Vietnam with 10 outlets nationwide. The Signature Priority Banking service has been introduced in Hong Kong, Taiwan, Singapore, Indonesia, and China.

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Monday, December 13, 2010

ANZ launches new service for wealthy retail clients

Australia and New Zealand Banking Group Vietnam has launched a new product for retail customers with assets of more than US$50,000.

Signature Priority Banking will give them preferential treatment, including access to the newly created Signature Priority Banking lounges at ANZ offices in Ho Chi Minh City and Hanoi, priority tellers, and 24/7 hotlines.

At the lounges it will offer them consultancy on mortgages, insurance, and wealth management products backed by a team of specialists.

SPB clients will get debit cards and pre-approved credit cards, 24/7 phone and internet banking services, banking and wealth management services including savings, current accounts, structured products like dual currency investment and banc assurance. They will enjoy preferential rates and pricing on banking transactions.

The customers will get invitations to ANZ’s lifestyle events, rewards programs, seminars on investment strategies and outlook held every two or three months with ANZ specialists in Vietnam and neighboring countries taking part.

Vietnam is the sixth market in the region after Hong Kong, Taiwan, Singapore, Indonesia, and China where ANZ is offering SPB.

Vietnam is a promising market for the product since the size of the middle class is forecast to grow from 7 million in 2003 to 25 million by 2013, Hans-Peter Borgh, ANZ’s Head of Affluent Banking Asia Pacific, said.

Market research company Euromonitor International recently forecast that Vietnamese households with annual disposable incomes of $5,000-15,000 will top 2.5 million this year and 10 million by 2020.

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