Tucker leaves as NAB shakes up exec team

National Australia Bank has announced a management shake-up that will, as expected, see Steve Tucker, group executive of NAB Wealth, depart after 25 years with the company. Andrew Hagger, who currently heads up human resources, marketing and communications, will replace Tucker.

In announcing the changes as part of a broader technology and strategy update, NAB Group CEO Cameron Clyne paid tribute to Tucker.

“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.

The group executive changes will take effect from April 2013 to enable a smooth transition.

To read a tribute to Steve Tucker, click here.

Changes to NAB’s group executive

 Rick Sawers, who is currently group executive of wholesale banking, will take on the new role of group executive of product and markets.

 Lisa Gray, currently group executive personal banking, will take on the new role of group executive of enterprise services and transformation.

 Gavin Slater, who has overseen NAB’s technology transformation as group executive group business services, will now take on the role of group executive of personal banking.

 Joseph Healy will remain in the role of group executive of business banking, with the additional responsibilities of Asia, private banking and the financial institutions group.

 Andrew Hagger, currently group executive of people, marketing and communications, will take on the role of group executive of NAB Wealth, replacing Tucker.

 Michaela Healey, currently group executive of group governance and legal, will take on the expanded role of group executive of people, communications and governance.

 Bruce Munro will continue in his role as chief risk officer, while Andrew Thorburn, currently responsible for New Zealand, banking will also remain in his role.