Outgoing RBS chief to lead National Australia Bank

National Australia Bank yesterday  announced veteran banker Ross McEwan would be its new chief executive, as the lender seeks to rebuild confidence after a scathing national inquiry.

McEwan, a New Zealander, resigned as head of the Royal Bank of Scotland in April.

He had held the top job at RBS since 2013, having steering it through a steady recovery following a British government bailout during the 2008 global financial crisis.

He will take the helm at NAB by next April, with the bank still reeling from a Royal Commission into the industry that exposed rampant malpractice.

The inquiry unearthed a host of scandals, including fees levied against dead people, aggressive selling tactics and poor financial advice.

 

Outgoing RBS chief to lead National Australia Bank

National Australia Bank yesterday announced veteran banker Ross McEwan would be its new chief executive, as the lender seeks to rebuild confidence after a scathing national inquiry. McEwan, a New Zealander, resigned as head of the Royal Bank of Scotland in April. He had held the top job at RBS since 2013, having steering it through a steady recovery following a British government bailout during the 2008 global financial crisis. He will take the helm at NAB by next April, with the bank still reeling from a Royal Commission into the industry that exposed rampant malpractice. The inquiry unearthed a host of scandals, including fees levied against dead people, aggressive selling tactics and poor financial advice.