NAB makes key asset servicing appointment



National Australia Bank (NAB) has internally appointed John Comito as executive general manager (EGM) for asset servicing.
Comito has been with the bank for 21 years and was most recently chief risk officer for product and markets.
Prior to this, he was Financial Institutions Group's EGM accountable for providing solutions to banks, diversified financials, fund managers, insurance companies, as well as governance and oversight of the London and New York operations.
Commenting on the appointment, NAB group executive for product and markets, Antony Cahill, said "John's experience in leading large teams and managing client relationships, coupled with his strong finance and risk background, makes him the ideal person for this role".
"As a previous EGM Financial Institutions Group, John has a deep understanding of the key commercial considerations of our customers as well as the broader product solutions that NAB offers."
Recommended for you
ASIC has issued infringement notices to two AFSLs over financial advisers providing personal advice while they were unregistered.
Australian retirees could increase their projected annual incomes by as much as 51 per cent through comprehensive financial advice, according to a Vanguard study, but cost continues to be an issue.
AMP has announced a senior appointment to its North leadership team, reinforcing the firm’s commitment to the advice industry.
Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam is unethical.