Following a restructure of its private banking business, NAB's group executive for wealth, Andrew Hagger, has been tapped to chair the bank's private wealth management arm, JBWere.
The restructure, which took place on 8 April 2016, will see NAB private banking clients referred to JBWere.
NAB chief executive Andrew Thorburn said: "I am delighted to appoint Andrew to this role. His expertise and counsel, including his deep knowledge of this business and the wealth sector, will serve the board well."
For his part, Mr Hagger said he felt "privileged" to move into the chairman's role.
"We know there is real desire for expert wealth management advice amongst high net worth clients, but this market is largely underserviced," Mr Hagger said.
"Our new high net worth wealth business model is designed to meet that need and forge a new way forward for private wealth advice," he said.
With advisers now able to move forward with utilising tax deductions on advice fees, many remain hesitant as they ...
As the advice industry continues to evolve, a former adviser and paraplanner says those who are able to harness ...
An industry veteran says superannuation funds should be doing more to help Australians manage their retirement savings ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin