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ANZ Group Holdings Ltd. Chief Executive Officer Shayne Elliott said his customers moved more of their business to Singapore from Hong Kong in the past few years as the smaller Asia-Pacific trading hub narrows the gap to its larger rival.
An increasing number of clients at Elliott’s firm have chosen to invest their regional treasury capabilities in Singapore, he said in an interview. ANZ Group now has about 800 people in Singapore, double its headcount in Hong Kong.
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