Absa division plots expansion into China
Corporate and investment banking unit plans to open an office in the country
11 October 2019 - 08:16
Absa’s corporate and investment banking (CIB) unit plans to open an office in China as part of an expansion that will also target other parts of Asia and the Middle East.
“Next year, we will be seeking strategic approval from our board for an on-the-ground presence in China,” Charles Russon, the division’s CEO, said in an interview in Johannesburg. “My hunch is it will be Beijing. It’s actually one of the questions we’ve asked the strategic team to figure out.”..
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