NAB unveils plans to make Australia the financial hub of Asia
National Australia Bank (NAB) will sponsor a series of lectures and debates to discuss how to make Australia the financial hub for Asia and develop global financial service excellence areas.
NAB Group CEO, John Stewart, outlined his vision for Australia to be the global financial services hub of Asia.
Speaking at an Australia-Israeli Chamber of Commerce business forum, Stewart said Australia was well placed to be a world beater in both sport and financial services.
Stewart said Australia has one of the large market places for financial services in the Asia-Pacific region and is setting a global standard with the large investment funds asset pool in Asia, larger than Singapore, Hong Kong or Japan.
Australia has more people employed in finance and insurance than Singapore and
Hong Kong combined, with Sydney office space cheaper than Tokyo, Hong Kong, Singapore or Shanghai.
We must take the same focus and determination that we show in sport and other areas to turn an successful industry into the financial services powerhouse of Asia.
The NAB sponsored financial services series would consist of thought leaders from industry, academia and government delivering speeches or participating in debates on different aspects of the future of the Australian finance sector.
29-Aug-2007