Powered by MOMENTUM MEDIA
subscribe to our newsletter

Former ING exec to head NAB’s UK lender

NAB has announced the appointment of David Duffy as CEO of the group’s UK-based Clydesdale Bank.

The major bank revealed that Mr Duffy will also be invited to join the boards of Clydesdale Bank PLC and National Australia Group Europe Limited as an executive director.

Mr Duffy’s start date has yet to be finalised, but it is anticipated that he will be in post within the next few months, according to yesterday’s ASX statement.

The appointment is also subject to regulatory approval.

Mr Duffy joins the NAB-owned UK lender from Allied Irish Banks (AIB) where he has been chief executive since December 2011.

Advertisement
Advertisement

He is also president of the Banking and Payments Federation of Ireland and a director of the European Banking Federation.

Mr Duffy was also previously head of global wholesale banking network with ING Group and president and chief executive officer of the ING wholesale franchises in the United States and Latin America.

The appointment follows David Thorburn’s decision to stand down after almost four years as CEO of Clydesdale Bank.

“We are delighted to announce the appointment of David Duffy as CEO of Clydesdale Bank,” Clydesdale Bank board chairman, Jim Pettigrew, said.

“David is a highly effective and motivational leader with a wealth of international banking experience and a strong track record in retail banking,” Mr Pettigrew said.

PROMOTED CONTENT


“In the past three years with AIB, he has delivered an impressive programme of positive change which has been built around the needs of customers,” he said.

“A passionate and genuine customer champion, David’s broad-based skills, leadership, energy and strategic vision will be invaluable as we move into the next phase of our development.”

NAB group chief executive, Andrew Thorburn, said Mr Duffy is a highly regarded banking professional who has the skills to continue to build on the improving performance of the group’s UK banking business.

“David’s leadership in the turnaround of AIB during a very challenging period for Irish banks is impressive,” Mr Thorburn said.

“For the past three years, he has led the bank’s strong and sustainable profit growth, created a dynamic leadership team and gained the confidence and support of key stakeholders from staff, customers and investors to regulators, ratings agencies and governments,” he said.

“As a result of these strong capabilities, David is uniquely qualified to meet the challenges and opportunities of this important role, particularly as we are examining the broader range of options we announced in October 2014 to accelerate NAB’s exit from the UK banking business.”

Former ING exec to head NAB’s UK lender
mortgagebusiness

Latest News

The cash rate for the last month of 2021 has been confirmed, as analysts continue to speculate on when it will move next. ...

The big four bank has revealed plans to purchase a personal finance management platform from AMP, with plans to integrate the tool into its ...

The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interve...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.