NAB closes Asia offices, cuts 400 jobs

Australia''s largest bank closes its institutional markets offices in Singapore, Korea and Malaysia, as well as its Tokyo-based securities company.
May 11, 2005

In an effort to stem declining profits, National Australia Bank (NAB) is rationalizing its institutional banking activities in Asia by creating a regional hub in Hong Kong. That means closing offices in Singapore, Korea, Malaysia and Tokyo, with the expected loss of 400 jobs in the region.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Hunter Point Capital opens Hong Kong office

The US investment firm’s new office will be led by Peter Rosenbloom, managing director and head of Asia Pacific, as HPC expands its private markets presence in the region.
May 20, 2026