The transfer of ANZ’s Hong Kong Retail and Wealth business will take effect from Saturday, 9 September 2017, subject to the successful migration between ANZ and DBS. For now, it is business as usual and there will be no immediate impact on your banking relationship with ANZ. ANZ will provide further updates if there will be changes to your existing banking arrangements with them.
In both retail banking and wealth management, DBS is well placed to provide you with an expanded product suite and a wider network in the region. When the transfer is completed, you will benefit from DBS' extensive consumer and private banking product offering and services. You will also gain access to a network of more than 280 branches across 18 markets, including around 50 branches in Hong Kong.
The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS is at the forefront of leveraging digital technology to shape the future of banking, and has been named “World’s Best Digital Bank” by Euromoney. The bank was also named “Safest Bank in Asia” by Global Finance for eight consecutive years from 2009 to 2016, won Private Banking Excellence by Bloomberg Businessweek in 2015 and 2016 and was recognised as “Best Wealth Manager, Hong Kong” at The Asset’s Private Banking and Wealth Management Awards 2016.
There will be no immediate changes to your banking relationship with ANZ. The existing terms and conditions, repayments, interest rates, fees and charges, as well as benefits, will continue to apply until further notice. You can continue banking with ANZ before the transition date.
DBS will work closely with ANZ to ensure a seamless transition, and you will be notified by ANZ if there will be changes to your existing banking arrangements with them.
In the near term, your relationships with both DBS and ANZ remain unchanged. You will be notified by ANZ if there will be changes to your existing banking arrangements with them.