Veteran banking executive Ross McEwan has been appointed new chief executive of the embattled… 1 answer below »
Veteran banking executive Ross McEwan has been appointed new chief executive of the embattled NationalAustralia Bank, which remains in damage control amid the fallout from the financial services royal commission.Mr McEwan, currently the outgoing chief executive of the Royal Bank of Scotland, replaces Andrew Thorburn, who wasforced to resign in February this year after damning findings in Kenneth Hayne’s final report.A one-time head of retail banking at the Commonwealth Bank, the New Zealand-born banking heavyweight had narrowlymissed out on the top job to Ian Narev, who retired in the lead-up to the royal commission after presiding over CBA duringa period of multiple scandals.National Australia Bank acting chief executive Phil Chronican, who succeeds Dr Ken Henry as chairman in Novemberthis year, praised Mr McEwan’s long-standing knowledge of Australian banking.”Ross McEwan is the ideal leader for NAB as we seek to transform our operations and culture firmly around leadingcustomer service, experience and products,” Mr Chronican said in a statement to the stock exchange.”Ross brings a compelling range of experience across finance, insurance and investment with a track record of deliveringimportant and practical improvements for customers.
