Westpac opens in Shanghai

Westpac Bank’s Shanghai branch opened for business earlier this month, extending its representation in key Asian markets.

Westpac general manager, Asia, Yogan Rasanayakam, says the opening of the fully licensed branch in China marks a significant milestone for the bank.

“China is now the world’s growth engine and this new branch provides Westpac with a stronger capability to assist Australian, New Zealand and Chinese customers who are doing business in the region.”

Rasanayakam says the branch office will also cater for small to medium business customers through services such as import and export settlement.

The office is located in the heart of Shanghai’s financial district.