Banking News

NAB Finalises Executive Reshuffle

(10 April 2024 – Australia) NAB has announced a major reshuffle of its executive team following the appointment of incoming CEO Andrew Irvine, replacing departing NAB CEO Ross McEwan.

NAB Group Executive for Personal Banking, Rachel Slade, has been tapped to run the bank’s Business and Private Banking divisions. Prior to joining NAB, Ms. Slade was a Senior Executive at Westpac.

Cathryn Carver has been appointed as Group Executive for Corporate and Institutional Banking, where she is currently the executive for client coverage replacing David Gall who has been in the NAB leadership team for 16 years. Ana Marinkovic has been promoted from Head of Small Business Lending to Group Executive of Personal Banking. The rest of NAB’s executive team retain their existing roles.

“The leadership changes will take NAB forward and complete the bank’s executive leadership team. We see plenty of opportunities to build on NAB’s leadership in areas such as business lending, particularly to small and medium businesses, while continuing to deliver better outcomes for customers and colleagues” Mr Irvine commented on the executive changes.

Mr Irvine believes both trans-Tasman economies are performing much better than expected, highlighting emerging opportunities for the big four major and subsidiary BNZ to collaborate more closely to generate greater revenue.

“One of the things we need to remember is Australia and New Zealand are probably two of the best countries in the world in which to live and work. Sometimes we forget that. Australia and New Zealand have a very shared history, we have very similar geopolitical and regulatory environments, a lot of our citizens spend time in each other’s countries. I think there’s much more we can do together” Mr Irvine commented.

“One of the things I’d love to see between NAB and BNZ is more facilitation of businesses who are seeking to grow and expand in both jurisdictions.”