NAB has expanded JBWere’s capabilities through a BlackRock partnership and appointed Alexandra Campbell as its incoming chief investment officer.
NAB Private Wealth has expanded its JBWere offering after forming a partnership with BlackRock to deploy the Aladdin Wealth platform across its advice network.
The major bank said the agreement marked the first time an Australian bank or wealth manager had adopted the global asset manager’s analytics technology.
It said the platform would give JBWere clients new customised insights into the risk and return characteristics of their portfolios aligned to their financial goals.
The Aladdin Wealth platform is used by global wealth managers to model the potential impact of macroeconomic events and market scenarios, including pandemics or gold price spikes.
NAB said the risk and portfolio-construction capabilities would complement JBWere’s long-standing tailored advice approach.
NAB executive, private wealth and JBWere CEO Michael Saadie said it was another way to support clients with long-term financial goals during changing market conditions.
“Clients have been asking for deeper insights into their investment portfolios around risk and performance analytics and we’re pleased we’ll deliver the capability with BlackRock’s Aladdin Wealth platform,” Saadie said.
“While many things have changed since stockbroker Jonathan Binns Were founded JBWere in 1840, the need for trusted and timely advice and analytics hasn’t.”
“Our advisers will use the Aladdin Wealth platform to provide clients with more robust and sophisticated portfolio analysis, scenario modelling, and value-at-risk calculations, which are critical for understanding the potential impact of market events on client’s investment portfolios across public and private holdings.”
JBWere executive advice Andrew Bird said the partnership strengthened a 185-year history of tailored advice.
“Our advisers will be enabled to elevate risk monitoring across every client portfolio daily,” Bird said.
“They can better demonstrate to clients how portfolios would react under different market conditions and how to plan for long-term growth rather than short-term market moves.”
BlackRock’s head of wealth Australasia & APAC strategic clients Chantal Giles said the collaboration built on the firms’ existing relationship.
“Technology is increasingly reshaping wealth management and through this offering JBWere will now have access to institutional-quality data and insights to better support their clients’ long-term financial goals.”
The update followed strong year-on-year growth across NAB Private Wealth, with JBWere reporting a 14.9 per cent lift in funds under management to $48.7 billion.
NAB also announced the appointment of experienced investment executive Alexandra Campbell as its new chief investment officer, a leadership role spanning all of NAB Private Wealth, including JBWere.
Campbell will lead investment strategy across all asset classes, covering strategic and tactical asset allocation, portfolio construction and manager selection.She brings more than 25 years of experience across private markets, institutional investment and multi-asset portfolio construction.
She is currently chief executive of a large Australian family office and was previously deputy chief investment officer and head of private markets at Cbus Super.
Saadie said Campbell’s appointment, which will start in early 2026, reflects continued investment in advisory and investment capability.
“Alexandra has a deep understanding of investment strategy and client objectives, and a proven record of delivering investment outcomes,” he said.
“Her leadership will be integral as we enhance the breadth and sophistication of our private wealth offering. The appointment reinforces our commitment to outstanding client outcomes through a unique integrated private wealth and banking platform.”
Campbell said: “JBWere has a long and respected history of partnering with clients to build wealth across generations. It is exciting to have the opportunity to lead the investment strategy for Australia’s oldest and largest advisory firm and support all Private Wealth clients more broadly.”
“A disciplined, long-term approach to asset allocation, complemented by tactical opportunities while managing risk, is central in achieving the investment objectives of clients. I am looking forward to delivering client outcomes with this approach.”
