National Bank of New Zealand
In 2000, ANZ sold its Grindlays businesses in the Middle East and South Asia, and associated Grindlays Private Banking business to Standard Chartered. In 2001, ANZ opened branches in Timor Leste and began offering credit card services in Hong Kong. In 2002, ANZ formed a joint venture with ING Group for wealth management and life insurance business in Australia and New Zealand. The next year, ANZ acquired the National Bank of New Zealand.