Finance chief, head of business and private banking to depart
NAB’s chief executive Andrew Irvine (pictured) has announced a raft of changes to the Big Four bank’s leadership team, including the appointment of Andrew Auerbach as group executive, business and private banking (B&PB) from 16 June.
Auerbach is an experienced business and wealth banker with over 21 years in senior executive roles at the Bank of Montreal (BMO) in Canada.
Most recently, he co-founded and served as chief executive of Canadian wealth management firm Delisle Advisory Group, a role he will step away from before joining NAB.
Rachel Slade, the current group executive, B&PB, will leave NAB on 1 July after a transition period. Slade was previously in the running to be NAB’s chief executive but lost out to Irvine in 2024.
Nathan Goonan, meanwhile, has resigned as chief financial officer and will depart for Westpac later this year.
“Andrew will be a tremendous addition to the NAB team and a strong leader for our leading business bank as we continue to execute our strategy and drive performance in a competitive environment. In particular, he brings a strong track record of improving both customer experiences and financial performance,” Irvine said of Auerbach’s appointment.
“NAB has good business momentum and is executing a clear strategy based on being better for customers and our colleagues,” Irvine said. “We have great talent and leadership across the bank and I’m confident we will maintain momentum while we embed these changes.”
Irvine also praised the contributions of Slade and Goonan, saying: “Rachel and Nathan have been dedicated to NAB, very supportive of successive Group CEOs and focused on customers every day. I have appreciated their support in our time together and wish them well for the future.”
