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NAB reshuffles executive team

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Following the departure of three of its executives, NAB has promoted a number of its staff to positions within its executive leadership team.

Angela Mentis has been appointed as group executive of business banking, Antony Cahill has been appointed as group executive of product and markets, David Gall has been appointed as chief group risk officer and Renee Roberts has been appointed as group executive of enterprise services and transformation.

Ms Mentis has been promoted from her previous role as executive general manager of nabBusiness, an SME business bank.

Mr Cahill was previously general manager of lending and deposits and has more than 15 years of banking experience across product, retail and business banking and strategy.

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Mr Gall has held a number of senior roles including executive general manager of banking and wealth solutions with responsibility for UBank, nabTrade, Wholesale, Wealth and NAB’s bank for superannuation and ageing initiative.

Ms Roberts has had a 25-year career in banking with NAB, working across most areas of financial services from operations, risk, technology, collections and personal banking.

These appointments follow the departure of group executive of enterprise services and transformation Lisa Gray and group executive of business banking Joseph Healey from NAB and the announcement that chief risk officer Bruce Munro will retire.

Rick Sawers, who announced his retirement in March, has already stepped down from the role of group executive of product and markets, and has taken on the role of enterprise executive, working three days a week until he retires in July 2015.

Mr Thorburn thanked all four executives for their significant contribution at NAB.

He said he has worked closely with the newly appointed executives and believes they are “committed to taking the action required to drive stronger results and returns for customers and shareholders”.

“As well as possessing deep banking experience and functional expertise, they have a clear customer focus and a desire and energy to work with the entire group executive leadership team to make NAB Australia’s most respected bank,” said Mr Thorburn.