ANZ Bank quashes rumors of planned exit from Taiwan

Focus Taiwan
Date: 2017/06/08
By: Tsai Yi-chu and Y.F. Low

Taipei, June 8 (CNA) ANZ Bank (Taiwan) on Thursday rejected speculations that the

CNA file photo

recent resignation and retirement of three of its top executives was part of its plan to withdraw from the Taiwan market.

ANZ said the personnel changes were normal and stressed that it had no plans to pull out of Taiwan.

The speculations emerged after the bank announced Wednesday that Alistair Bulloch had resigned as its chairman while board member Terry King (經天瑞) had retired, with effect from June 1.

The announcement followed the retirement in early May of another board member, Chen Fu-lan (陳富蘭) and meant that three of the seven seats on the ANZ board had become vacant.    [FULL  STORY]

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