NAB has confirmed that Steve Kane will retire this week, effective 4 December 2020, after a career spanning over 30 years in the banking and finance industry.
A longstanding advocate of the third-party channel, Mr Kane has held senior positions within the NAB Group for more than a decade.
Prior to his current role, Mr Kane was GM of broker platforms, where he oversaw the bank’s distribution performance through aggregators – PLAN Australia, Choice and FAST – and delivering three distinct platform identities to the market.
He was CEO of FAST from 2006 to 2012.
Mr Kane was also previously president of the Mortgage & Finance Association of Australia.
He has been an active and vocal supporter of the broker channel and an advocate for the broker proposition.
Commenting on the announcement, NAB executive, home ownership, Andy Kerr said: “Steve is well known for his passion for mortgage broking as a channel of choice for customers. Over the course of his career, he has worked with brokers, regulators and industry stakeholders to advocate for positive change and continuous improvement of the sector.
“Steve played a key role in NAB becoming the bank behind the broker and has built a strong leadership team who will continue to support this strategically important channel for NAB.
“I would like to thank Steve for his leadership and contribution to both NAB’s third-party distribution business and the broader mortgage broking industry. We wish Steve all the best in his retirement.”
Mr Kane said: “My career in financial services has been a fantastic journey where I’ve met many amazing people who work with passion for their customers and colleagues.
“I’ve been involved in the mortgage broking market as we know it today since its inception, and the contribution of brokers to the Australian community in making the dreams and aspirations of customers come to life is as strong as ever.
“To all those I’ve worked with, a big thank you and I wish you all the success in the future.”
Nicole Triandos, the bank’s head of strategic partnerships, will fill the executive for broker distribution role on an acting basis while an internal and external recruitment process is undertaken.
She has deep industry experience and expertise across both Advantedge and NAB’s aggregator partners.
[Related: On the Record: Steve Kane, NAB]
Annie Kane is the editor of The Adviser and Mortgage Business.
As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts.