Australian financial group eyes partnership with local lender
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Australia-based Macquarie Group is eyeing a tie-up with Saigon Commercial Joint Stock Bank (SCB), said an official in a recent working session with the local bank.
It wants to become a strategic shareholder of SCB, said Dr Lee George Lam, chair of Macquarie Group in Indochina region.
Macquarie Group also promises to introduce other large banks to join investments in SCB.
In addition, Macquarie Group will help SCB strengthen and develop services and products under the international standards to be able to bring more and more benefits to customers.
Macquarie Group is a global provider of banking, financial consultancy, real estate investment, fund management in 28 nations.
As of March 2011, Macquarie Group managed total assets of $329 billion.