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ANZ looking at share trading platform sale

AAP logoAAP 29/07/2016

ANZ is considering offloading its share trading platform as it continues its restructure under chief executive Shayne Elliott.

ANZ says it has issued an information memorandum to companies, both overseas and domestic, as it explores options for ANZ Share Investing that could include selling it.

"The days of a bank needing to own every piece of technology are gone. We believe we can achieve better outcomes for our customers by partnering with a specialist provider," ANZ managing director pensions and investments Peter Mullin said.

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