Wealth manager JBWere appoints chair

Wealth management firm JBWere has appointed NAB executive Cathryn Carver as chair.

This would see her take over from current chair, Michael Saadie, who had held the position since July 2020, and had stepped down in order to focus on leading NAB’s private wealth arm.

He would remain on the board alongside Greg Braddy and Maria Lykouras. Braddy was deputy group chief financial officer at NAB while Lykouras had joined JBWere from Commonwealth Bank last year as its new chief executive.  

Carver, who joined NAB in 2016 as executive general for corporate and specialised banking, is currently NAB executive for client coverage in the bank’s corporate and institutional division. Prior to this, she worked as chief customer officer, corporate and institutional banking.

NAB was Carver’s third big four banking role, having previously spent a decade at ANZ and nine years at Westpac in a variety of leadership roles.

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Andrew Irvine, NAB executive for business and private banking, said: “On behalf of the board, I am delighted to welcome Cathryn. Cathryn is a respected leader at NAB and brings with her a wealth of experience in the financial services space.

“Cathryn’s long history of leading world-class teams, coupled with her extensive global knowledge makes her the ideal candidate for the role. We look forward to the diversity of thought and skills she will bring.”

JBWere, which has $64 billion in assets under advice, has been part of the NAB group since 2009 when the firm acquired an 80 per cent stake.