investor daily logo

New NAB chief declares executive restructure

By Jessica Penny
2 minute read

Having formally joined the bank as CEO this month, Andrew Irvine has announced changes to the bank’s leadership team.

NAB chief executive officer Andrew Irvine has announced strategic changes to its executive team and has found a successor for the position he vacated when assuming the role of CEO earlier this year.

Namely, the role of group executive business and private banking has been awarded to current group executive personal banking, Rachel Slade.

Ana Marinkovic, NAB’s executive business direct and small business, will replace Slade as group executive personal banking.

According to the bank, both will commence in their new capacities at the end of the month.

When it was announced in February that Irvine would succeed outgoing CEO Ross McEwan in April, NAB confirmed that a new group executive business and private banking would be selected in due course.

Now, Irvine has said he is delighted that the appointments are from within its senior leadership team.

“These appointments demonstrate our ability to identify and develop talent within the business while broadening diversity and experience,” he said in a statement on Wednesday.

Moreover, current executive client coverage in corporate and institutional banking (C&IB), Cathryn Carver, has been appointed group executive C&IB.

Carver, who steps into her new role on 1 July, replaces David Gall who announced his decision to depart from NAB on 1 October after 16 years with the bank.

“Rachel, Ana and Cath, who will lead NAB’s customer-facing businesses in Australia, are great relationship bankers who inspire their teams to deliver results for customers. They understand the importance of using technology and data to make NAB easier and simpler to bank with,” Irvine said.

“This completes the executive leadership team that will take NAB forward and maintain the momentum we have across the business by executing with discipline and focus.”

“I would particularly like to thank David Gall for having been a tremendous peer and leader for C&IB while I have been at NAB, and for his previous roles across various functions. David embodies what it means to be a NAB leader and we are grateful for his contribution to the business.”

Looking ahead, Irvine said that there are still “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.