National Australia Bank announced an executive general manager in the wealth division will leave the bank. The move comes as the Melbourne based bank continues to reshape and simplify its wealth business.
National Australia Bank (NAB) announced changes to the consumer banking and wealth leadership team, including in relation to wealth advice. As a result of the restructure Greg Miller, executive general manager, wealth advice will step down from his position in mid-December 2017.
Financial planning general manager Tim Steele and general manager of advice partnerships Ross Barnwell will both take on expanded roles and report directly to the bank’s chief customer officer for consumer banking and wealth, Andrew Haggar the bank said in a press release.
NAB recently completed the sale of its private wealth business in Hong Kong and Singapore to Singapore's Oversea-Chinese Banking Corporation in a move that mirrored the sale to DBS Bank of its Asian retail and wealth units by ANZ. In June this year NAB sold off its National Australia Trustee business to financial services firm IOOF Holdings.
