The National Australia Bank Board and Management note the passing of former colleague and Chief Executive Officer Frank Cicutto on Friday 10 January after extensive illness.

NAB Group CEO, Andrew Irvine, said:

“Frank made a significant contribution to NAB over his 37 years with the bank.

“He joined in 1967 as a 17-year-old trainee teller and worked his way right to the top of the business. He progressively served in a range of senior roles, including leading business units and ultimately as CEO from 1999 to 2004.

“We recognise Mr Cicutto’s decades in the Australian banking industry, as a NAB employee and executive. We express our deepest sympathy to his family, friends and former colleagues.”