National Australia Bank CEO Cancels Planned Leave
February 04 2019 - 5:27PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--The chief executive of National Australia Bank Ltd.
(NAB.AU) said he has cancelled planned long service leave and will
double down on efforts to overhaul one of the country's biggest
banks following a yearlong judicial probe of misconduct in the
financial industry.
"I will lead this personally and visibly," Andrew Thorburn said
in a statement on Tuesday. "I am proud to be CEO of NAB, and am
more determined than ever to lead NAB with even greater urgency and
intensity and show through our ongoing actions that we do what we
say."
Mr. Thorburn had planned to take a months' leave following the
release of a final report into Australia's banking sector, which
was released on Monday and included 76 recommendations that seek to
tighten legislation and hold banks and other financial institutions
to account for misdeeds.
He said NAB will engage constructively on issues raised in the
report that directly concern the lender and have been referred to
the regulator.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
February 04, 2019 17:12 ET (22:12 GMT)
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