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ANZ on hiring drive in Asia

Australia and New Zealand Banking Group (ANZ) will boost its Singapore headcount by 25 per cent this year after completing the acquisition of the retail banking operations of Royal Bank of Scotland in the region yesterday. Bill Foo, chief executive of ANZ Singapore, said the bank will hire 500 or more new staffers. The move mirrors international peers, which have scrambled to ramp up their Asian divisions to take advantage of the region’s strong economic rebound.