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ANZ CEO Douses Retirement Talk as Lender Extends Asian Push

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Australia & New Zealand Banking Group Ltd. Chief Executive Officer Mike Smith said reports of his imminent retirement are “greatly exaggerated.”

The Melbourne-based lender’s expansion into Asia is a “long-term transformation,” Smith said Wednesday, adding that he had more work to do to complete a process that began when he took over as CEO in October 2007. He voiced a preference for “growing organically,” adding the bank hasn’t done any work on a possible acquisition of Standard Chartered Plc.