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Rudd pledges to work with financial companies

Prime Minister Kevin Rudd wants to work with financial services companies like Axa Asia Pacific to help them access foreign markets.

Speaking at the opening of the life and investment group’s new headquarters in Melbourne earlier this month, he said Axa’s growing presence in Asia will help Australia achieve challenges such as building long-term productivity, preparing for an ageing population, taking action on climate change and engaging with Asia-Pacific economies.

The new building is the HQ for Axa’s Australian and NZ businesses as well as financial services operations in Hong Kong, China, India, Malaysia, Indonesia, Thailand, the Philippines and Singapore.

“The past 12 months have brought volatility and continuing uncertainty to global capital markets,” Mr Rudd said. “We want to work with businesses like Axa to identify the barriers to overseas market access that most restrict your capacity to expand our financial services exports.”