Mr Steele was most recently managing director of AMP-aligned wealth businesses iPac and Genesys. He begins his new job at NAB Financial Planning on Monday, 4 April 2016.
“NAB Financial Planning is a great business, with 500 advisers around the country, and I'm really looking forward to continuing to grow the business and keep a strong focus on customers,” he said.
NAB executive general manager for wealth advice, Greg Miller, welcomed Mr Steele's appointment, saying he was “pleased and excited to have someone of Tim's capability leading NAB Financial Planning”.
“We're focused on strengthening our business, committed to meeting customer's expectations and improving their experience with us, and supporting advisers in providing greater value to their customers,” Mr Miller said.
“Throughout his career Tim has demonstrated a track record of leading large teams to help advisers grow and develop their businesses, and provide customers with high quality financial advice and an exceptional experience.”
Mr Steele's appointment follows Paul Fog's move into a broader role within NAB Wealth to further the work on bringing the bank and wealth parts of the NAB Group closer together.
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