NAB said the new branch, expected to open for business later this year in Shanghai, will support existing institutional, corporate and business banking customers operating in or trading with China,
The Shanghai branch will also support Chinese institutional & corporate clients looking to operate or invest in Australia, New Zealand, the UK and the US particularly in the energy, utilities, natural resources and agribusiness sectors.
NAB CEO Cameron Clyne said the establishment of a branch in Shanghai is an important and considered step forward to support our clients in the Asian region.
Danny Armstrong will manage the Shanghai branch and he will be supported by local and international team with experience in Chinese Banking.
SInce 30 years, NAB has been operating in China with a representative office in Beijing. The Shanghai branch will support NAB’s capability throughout the region supplementing branches in Hong Kong, Singapore and Japan.
