SYDNEY, Nov 20 (Reuters) - Australia and New Zealand Banking Group Ltd said on Friday it had agreed to sell its custodian services business in Australia and New Zealand to JP Morgan for an amount it said was not material.
The Australian lender sold the business to concentrate its institutional business on the core bank, the bank's group managing director institutional, Shayne Elliott, said in a statement.
(Reporting by Morag MacKinnon)
((morag.mackinnon@thomsonreuters.com;+61 2 9373 1815)) Keywords: ANZ/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Australian lender sold the business to concentrate its institutional business on the core bank, the bank's group managing director institutional, Shayne Elliott, said in a statement.
(Reporting by Morag MacKinnon)
((morag.mackinnon@thomsonreuters.com;+61 2 9373 1815)) Keywords: ANZ/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.