Australia's ANZ to axe 12 roles in its markets division

March 22, 2016 6:53 AM

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SYDNEY, March 22 Australia and New Zealand Banking Group will cut 12 jobs in its markets division, part of a restructuring effort under new CEO Shayne Elliott that includes pulling back on its Asian businesses and reducing costs amid more onerous capital rules.

The headcount reduction comes on top of 100 job cuts announced this month in what ANZ dubs its "emerging corporate" business, as well as some high profile exits including global head of wealth Joyce Phillips and head of its institutional bank Andrew Geczy.

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