NabInvest, the National Australia Bank’s dedicated asset management business launched in November last year, has announced that Peter Smith will head up its retail distribution.
Smith will be responsible for “the development and execution of the retail sales strategy for nabInvest,” the group said.
Smith returns to Australia from London, where he was most recently general manager of MLC UK. He also acted as head of distribution. Smith has been with the NAB Group for 10 years.
NabInvest aims to partner with boutique investment management firms and teams. It has so far partnered with Antares/Lodestar, Northward Capital and Pengana Capital.
