SYDNEY: National Australia Bank Limited (NAB) has entered into an agreement to sell its remaining 20 per cent stake in MLC Life Insurance to Nippon Life Insurance Company for $500 million. The proposed sale is part of a broader strategic…
SYDNEY, AUSTRALIA: National Australia Bank (NAB) has announced that Andrew Irvine will take over as its Group Chief Executive Officer and Managing Director from 2 April 2024. He will replace Ross McEwan, who will retire after more than four years…
SYDNEY, AUSTRALIA: National Australia Bank (NAB) has completed the acquisition of Citigroup’s Australian consumer business (Citigroup Consumer Business). NAB Chief Executive Officer Ross McEwan said: “The acquisition of the Citigroup Consumer Business supports our ambition to build a leading personal…
SYDNEY: National Australia Bank (NAB) has entered into an agreement to sell BNZ Life, its New Zealand life insurance business, to leading New Zealand life insurance provider Partners Life for NZ$290 million. The agreement to sell is consistent with NAB’s…
SYDNEY: National Australia Bank has announced the appointment of Andrew Irvine as Group Executive Business & Private Banking. Mr Irvine, who will be a member of the NAB Executive Leadership Team, has almost 25 years’ experience in financial services and…