NAB has appointed former Allied Irish Banks (AIB) CEO David Duffy as the new chief executive of the UK bank.
Mr Duffy has also been invited to join the boards of Clydesdale Bank PLC and National Australia Group Europe Limited as an executive director.
The appointment follows the recent decision of former chief executive, Mr Thorburn, to step down from the role in January 2015.
The leadership changes also follow NAB’s decision in October 2014 to exit its UK banking business which resulted in disappointing financial results in 2014.
Prior to his appointment Mr Duffy was the chief executive officer of Allied Irish Banks (AIB), a role he had held since December 2011.
Mr Duffy has also held the position of head of global wholesale banking network with ING Group and was the president and chief executive of the ING wholesale franchise in the US and Latin America.
NAB Group chief executive Andrew Thorburn said Mr Duffy’s leadership in the turnaround of AIB during a very challenging period for Irish banks was impressive.
“For the past three years, he has led the bank’s strong and sustainable profit growth, created a dynamic leadership team and gained the confidence and support of key stakeholders from staff, customers and investors to regulators, ratings agencies and governments,” Mr Thorburn said.
