NationalAustralia Bank Ltd. made changes to its organizational structureand executive leadership as part of its drive to focus on the Australian andNew Zealand businesses.
Under planned organizational changes that take effect Aug.1, business banking will become business and private banking and will focus onthe bank's small and medium-sized enterprise customers, according to a July 22release. Angela Mentis will lead this business as chief customer officer forbusiness and private banking.
There will also be a new customer facing business unitcalled corporate and institutional banking that will bring together the bank'scorporate and institutional banking businesses. Cathryn Carver will lead thebusiness as acting chief customer officer.
Personal banking will become consumer banking and wealthmanagement and will include the distribution components of wealth management.Andrew Hagger will lead the business as chief customer officer while alsocontinuing to drive the sale process of the life insurance business.
The bank's products and markets business will becomecustomer products and services and will include banking and wealth products.Antony Cahill will lead the business as COO.
Meanwhile, enterprise services and transformation becomestechnology and operations and will include the operating functions of thenonlife wealth management business. Bob Melrose will lead as acting chieftechnology and operations officer.
Three group executives, Michaela Healey, Renee Roberts andGavin Slater, will be leaving the bank in light of the revised organizationalstructure.