ANZ is the only Australian bank with the securities license, which will allow it to sell Australian, New Zealand and Asian bonds, as well as structured notes, repurchase agreements (repos), and other securities products to Japanese investors.
The license will operate under the name of ANZ Securities (Japan) Ltd, and commencement of business is subject to approval of its membership with the Japan Securities Dealers Association (JSDA). Yuichiro Imaizumi, currently the Head of Markets, Japan, will take on the role of CEO of ANZ Securities (Japan) Ltd.
Farhan Faruqui, Group Executive International, said: "This new license will allow us to significantly broaden our offering to local and global clients in Japan, where we’ve operated for almost 50 years – longer than any other market in Asia.
”As Australia’s second largest trading partner, Japan is an important market for our customers and key to our ambitions to be the best bank for trade and capital flows in the region.”
ANZ Japan currently operates under a banking license, which allows the bank to offer FX spot, forward, rates derivatives and commodities-related products.