NAB Asset Management has appointed a new chief operating officer who will be responsible for strategic and operational initiatives.

Former State Street Global Advisors executive Bernard Reilly will join NAB Asset Management as the firm’s chief operating officer.

NAB Asset Management executive general manager Garry Mulcahy said: “I am pleased to announce Bernard in the newly created role of [chief operating officer] for NAB Asset Management.

“Throughout his career Bernard has focused on driving and implementing effective business strategy, and we look forward to benefiting from his broad global experience and insights.”

Mr Reilly previously served as the executive vice president of State Street Global Advisors.