ANZ's new Asian head believes that global banks with regional franchises have costs that are too high and are "spending their time with what they will shut down, not where they are making new investments."Andrew Géczy, ANZ's chief executive for international and institutional banking, appointed six months ago, provided a revealing interview to the bank's new media hub, BlueNotes, published overnight."When you look at the other global players, the Citis of the world, the Standard Chartereds, they built up a cost infrastructure which in a post GFC, post Basel III period, is a very expensive cost structure."Post a lot of new global regulation, like OTC derivatives, FATCA (the US mandated Foreign Account Tax Compliance Act), it is a very expensive cost model. "So quite naturally they are spending their time with what they will shut down."Géczy asserted that Citi "has a similar cost challenge but Asia will have to be part of that cost challenge and Asia won't get the investment because of the cost reduction strategy.""And StanChart - the stories are well known, suffice to say their focus is not fully on customers."Géczy said that ANZ was "taking market share, particularly in Asian corporate banking."He also provided an insight into ANZ's investment priorities in Asia."If we look at our footprint, I would perhaps look to convert our representative office in Thailand into a full bank, I would look to make our rep office in Myanmar into a full licence.""But otherwise I think we have the footprint right."ANZ is, though, offloading its joint venture bank in Cambodia. Géczy said that "profitable growth is always an issue, you are always looking at return on equity. ""Don't forget six years ago ANZ wasn't even in the top 20 with Greenwich," (a survey of corporate banking reach).He said ANZ's corporate bank "has had the fastest growth in Greenwich history. ""We have 1.3 million customers and six years ago it probably wasn't even half a million. The question is not the investment but how long do you wait to get a return?"The first step is to set yourself for more efficient delivery, better outcomes for customers. It's my experience that if you set yourself up for more efficient delivery, better outcomes, ROE follows."ANZ announced yesterday that it was looking to extend its existing relationship with the China Development Bank to support foreign direct investment in Australia by Chinese businesses.ANZ chief executive Mike Smith and China Development Bank chairman Hu Huaibang met in Beijing over the weekend.Géczy said: "This agreement will give Australian companies the option of direct access to CDB and its associates when they're looking for equity investment from Chinese state-owned enterprises."