NAB Private Wealth expands team

National Australia Bank (NAB) Private Wealth has expanded its capabilities in Australia, snatching talent from international banks.

Former head of private wealth management division at Deutsche Bank in Australia, Michael Parsons, has been appointed general manager for NSW and ACT, with Anna McCreery from Credit Suisse joining his team.

Parsons moved to NAB from boutique wealth manager First Unity, where he was managing director. He has previously worked with private clients at BT before becoming Invesco chief executive officer for Australia and New Zealand and moving onto Deutsche Bank.

McCreery has been appointed head of private clients at NAB Private Wealth, having moved from Credit Suisse Private Bank AG Australia, where she was a market leader. She began her career at Citibank investment bank and was posted to Singapore.

McCreery also managed client portfolios at Prudential Private Bank in Singapore, before moving to UBS Wealth Management AG Singapore.

Executive general manager of NAB Private Wealth, Angela Mentis, said Parsons and McCreery had extremely diverse backgrounds.

“Our clients are increasingly seeking this diversity of experience from their relationship managers and advisers, and between them Michael and Anna bring unique skills that our clients value highly,” Mentis said.