ANZ CEO Mike Smith - Comments on ANZ partnership in Cambodia

INTERVIEW WITH MIKE SMITH, CEO, ANZ.

BROOKE CORTE:

CEO Mike Smith has spoken in Hong Kong and reiterated that the bank would prefer to have wholly owned businesses. He's in Hong Kong at a conference where he has unveiled a new publication called Caged Tiger: The Transformation of the Asian Financial System.   Mike Smith joins us now on Sky News Business. Mike Smith thank you for joining us. ANZ of course also exited a partnership in Vietnam in 2012. When you have been such a passionate advocate of the potential of Asia, is this another disappointing backward step to now sever Cambodian ties?

MIKE SMITH:

No, I mean, I think that the comments I made were taken out of context. What I've always said is that for minority interest that we have held, we always look to seek a way towards control and where possible to wholly own those businesses and that is exactly the same in Cambodia. I'd like to get a 100 per cent of it.

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