Confirming the appointment to InvestorDaily, a spokesperson from NAB said: “David has more than 20 years’ experience across multiple industries including banking and finance, and is currently chair of the Australian Custodial Services Association."
The spokesperson added: “NAB has commenced an executive search for the role of executive general manager of asset servicing and will make an announcement in due course."
Mr Brown took up the role as executive general manager of asset servicing in March 2015, joining the business from Citi where he held a number of senior executive positions.
In November 2015 NAB Asset Servicing announced it had appointed Citi as its global custodian.
At the time, Mr Brown said Citi’s operating model and “significant local presence” will allow for NAB Asset Servicing to provide better solutions for clients.
"We are committed to delivering the best service in the market and look forward to working with our clients over the coming months to allow them to benefit from Citi’s extensive market coverage and expertise,” he said.
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