NAB appoints non-executive director
The National Australia Bank (NAB) has appointed Kathryn Fagg as a non-executive director, effective from 16 December, 2019 and subject to regulatory approval.
Fagg had been a board member of the Reserve Bank of Australia (RBA) and was currently chairperson of Boral Limited and a non-executive director of Djerriwarrh Investments.
She was also a non-executive director of Incitec Pivot and would retire at the conclusion of their annual general meeting on 20 December, 2019.
“I believe a strong banking system is essential for our nation’s economic wellbeing and I look forward to bringing my knowledge and experience from multiple sectors, including banking, to address the challenges and opportunities for NAB [to] earn the trust and respect of its shareholders, customers, employees and the broader community,” Fagg said.
Fagg was appointed an Officer of the Order of Australia (AO) in the 2019 Queen’s Birthday Honours for distinguished service to business and finance, central banking, logistics and manufacturing sectors and to women.
She was also chairperson of the Breast Cancer Network Australia (BCNA), a board member of the Grattan Institute, The Myer Foundation, Male Champions of Change, and was a former president of Chief Executive Women.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.