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NAB to exit wealth and MLC

NAB/

3 May 2018
| By Mike |
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National Australia Bank has confirmed its intention of exiting its wealth management business in Australia, excluding JB Were and nabtrade.

The big banking group confirmed its intention while releasing its half-year results to the Australian Securities Exchange today declaring it intended to focus on its core strengths and to move to a simpler wealth offering.

“We intend to exit our other wealth management businesses including MLC,” it said.

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