National Australia Bank (NAB) has announced a wide-ranging organisational restructure, with long-serving group executive Steve Tucker to depart under a raft of changes to the executive team.

In a statement, NAB group chief executive Cameron Clyne praised Tucker’s run at the helm of MLC, singling out his commitment to transparency and customer orientation.

“Steve has given 25 years of service to MLC and NAB, including almost nine years as CEO of MLC, and has led the way in championing greater transparency and fairness which has provided benefits for all customers across the wealth industry, not just our customers,” he said.

Tucker will depart the company after 25 years, with his role to be taken by Andrew Hagger, currently group executive, people, marketing and communications.

Current group executive of wholesale banking, Rick Sawers, will take the role of group executive, product and markets. Lisa Gray, currently group executive, personal banking, will take on the new role of group executive, enterprise services and transformation.

Group executive, group business services, Gavin Slater, will now take on the role of group executive, personal banking. Joseph Healy will remain in the role of group executive, business banking, with the additional responsibilities of Asia, private banking and financial institutions group.

Source: IFA magazine.  Read full article here.