NAB appoints COO

The National Australia Bank (NAB) has appointed Les Matheson as chief operating officer (COO), responsible for UBank, group marketing, corporate affairs and other strategic initiatives.

Matheson would join on 11 January, 2021, subject to regulatory approvals.

He was previously chief executive for the Royal Bank of Scotland (RBS) until September this year.

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Matheson had held senior executive banking roles in the UK and Asia Pacific, including Citigroup’s country officer for Australia and retail chief executive for Australia.

Ross McEwan, NAB chief executive, said: “During our time working together in the UK, he demonstrated his deep knowledge of what it means to really deliver for customers and colleagues.

“This experience and the strong leadership Les brings will be important as we look to grow our bank safely and earn the trust and respect of customers and the broader community.”

Matheson said: “This is a terrific opportunity to work with Ross and his team to deliver on NAB’s refreshed strategy and ambition to serve customers well and help our communities prosper”.

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