National Australia Bank (NAB) today announced changes to its organisational structure as well as its Executive Leadership Team to drive the continued focus on its Australian and New Zealand businesses.

NAB Group Chief Executive Officer, Andrew Thorburn, said following the successful demerger and IPO of Clydesdale Bank earlier in the year and with the sale of 80% of the Life Insurance business to Nippon Life nearing completion, it was now the right time to drive the next stage of organisational change.

“These changes will bring greater momentum and energy to NAB’s goal of creating a simpler, more customer-focused organisation that delivers better outcomes for customers as well as shareholder returns,” Mr Thorburn said.