Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

NAB non-exec director set to retire

NAB has announced the retirement of John Waller as a non-executive director of the bank and chairman of the Bank of New Zealand (BNZ), effective on 31 July.

Mr Waller was appointed as a non-executive director of NAB in February 2009. He also joined the group as a non-executive director of BNZ in January 2008 before being appointed chairman in November that year.

Advertisement
Advertisement

NAB chairman Michael Chaney thanked Mr Waller for his contribution to the board and BNZ during his seven-year association with the NAB group.

“John has brought a wealth of valuable corporate and financial experience to his position, including a deep understanding of the New Zealand market, and I would like to personally thank him for his contribution,” he said.

Mr Chaney said he was pleased to announce that Doug McKay will replace Mr Waller as chairman of BNZ from 1 August.

Mr McKay has been a non-executive director of BNZ since March 2013, and Mr Chaney said he will also join the NAB board in February 2016, subject to regulatory approval.

NAB non-exec director set to retire
mortgagebusiness

Latest News

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up. ...

The central bank should have raised the official cash rate earlier than May given rising inflation, according to economist Stephen Koukoul...

In the face of ever-increasing competition from fintechs in the buy now, pay later space, NAB has nabbed its share by launching its first BN...

VIEW ALL

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!

What is the maximum proportion of income borrowers should use to service a mortgage?

Website Notifications

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