New CRO for NAB
(5 September 2008 – Australia) National Australia Bank (NAB) has announced the appointment of Bruce Munro to the role of Group Chief Risk Officer (CRO).
Munro will take up the role of CRO designate from the beginning of October 2008, and will formally take over when Hamar retires.
He will also join the National Australia Bank Group Executive Committee.
Munro is currently chief executive officer of nabAsia based in Hong Kong. As a career banker, Munro has extensive experience with both NAB and previously the Commonwealth Bank of Australia.
Bruce Munro will replace retiring CRO, Michael Hamar.
Hamar joined NAB in December 2004 on a four year contract with the bank and will retire in January 2009.
Hamar was employed with the specific focus of transforming the risk capability of the bank.
NAB chief executive officer, John Stewart, said that as a Group Executive Committee member, Hamar has been responsible for building and leading a risk team that is now fully aligned with the regional operating model.
Hamar leaves a solid foundation, including advanced Basel 2 accreditation, for Munro to build upon, Stewart added.
He will also join the National Australia Bank Group Executive Committee.
Munro is currently chief executive officer of nabAsia based in Hong Kong. As a career banker, Munro has extensive experience with both NAB and previously the Commonwealth Bank of Australia.
Bruce Munro will replace retiring CRO, Michael Hamar.
Hamar joined NAB in December 2004 on a four year contract with the bank and will retire in January 2009.
Hamar was employed with the specific focus of transforming the risk capability of the bank.
NAB chief executive officer, John Stewart, said that as a Group Executive Committee member, Hamar has been responsible for building and leading a risk team that is now fully aligned with the regional operating model.
Hamar leaves a solid foundation, including advanced Basel 2 accreditation, for Munro to build upon, Stewart added.
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