Swiss private bank Vontobel has formed a strategic alliance with ANZ Global Wealth to offer ANZ private clients with exposure to its investment and product expertise.
Under the partnership, Vontobel will act as an advisor to ANZ Global Wealth, focusing on the areas of global asset allocation and equity investing.
The combined offering will be available to ANZ clients in 2014.
According to the cooperation agreement, the focus during the interim period will be on implementing services and training employees across Asia, Australia and New Zealand.
Joyce Phillips, CEO of ANZ Global Wealth, said: "Through our alliance with Vontobel we will provide our clients across the Asia Pacific region with world-class investment and asset allocation solutions which include expertise and capability in global asset allocation, equity investing, and sophisticated client advisory services"
Zeno Staub, CEO of Vontobel, said: "The alliance with ANZ, which has initially been agreed upon for a period of five years, positions our company as an active wealth and asset manager with a high level of investment and product expertise in a region that is experiencing very dynamic growth."