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Westpac to Repeat 33% Asia Growth With 100 New Hires in 2014

Westpac Banking Corp., Australia’s second-largest lender, expects Asian revenues to grow at a similar pace to last year’s 33 percent gain and plans to add 100 employees in the region annually over the next three years.

The lender will have more than 400 people in the region by the end of September, Bala Swaminathan, the head of its Asian business, said in an interview in Sydney on Feb. 7. Westpac wants to increase its share of growing Australia-China trade flows, he said.