NAB Group CEO Andrew Irvine has announced several key changes to the bank’s Executive Leadership Team, including a new leader for Business & Private Banking (B&PB) and an upcoming transition in the Chief Financial Officer (CFO) role.
Key Appointments & Departures
- Andrew Auerbach, a highly experienced business and wealth banker from Canada, will join NAB as Group Executive, B&PB on June 16, 2025.
- Rachel Slade, currently in that role, will depart NAB on July 1, 2025, after a transition period where she will serve as a senior adviser to Mr. Irvine.
- Nathan Goonan, NAB’s Group CFO, has resigned and will leave later this year after fulfilling his contractual obligations.
Interim Leadership & Transition Plan
To ensure continuity, NAB has appointed interim executives until permanent replacements are in place:
- Michael Saadie (currently CEO of JB Were) will act as Group Executive, B&PB until Mr. Auerbach arrives.
- Shaun Dooley (currently NAB’s Chief Risk Officer) will step in as Acting CFO while a new CFO is recruited.
- Peter Whitelaw will act as Group Chief Risk Officer during this period.
Auerbach’s Experience & Strategic Fit
Mr. Auerbach brings over two decades of senior executive experience from Bank of Montreal (BMO) in Canada, where he worked alongside NAB’s CEO, Andrew Irvine. Most recently, he co-founded Delisle Advisory Group, a Canadian wealth management firm, which he will exit before joining NAB.
“Andrew [Auerbach] will be a tremendous addition to NAB and a strong leader for our business bank as we continue executing our strategy in a competitive market,” said Andrew Irvine.
Departing Leaders’ Contributions
Rachel Slade, who has been with NAB since 2017, played a pivotal role in enhancing customer experience and leading key divisions, including Personal Banking and Business & Private Banking.
Nathan Goonan, a 15-year NAB veteran, has held various executive roles, including Group Executive, Strategy & Innovation, before becoming Group CFO in 2023.
“Rachel and Nathan have been dedicated to NAB and have played key roles in supporting the bank’s leadership and customers. I thank them for their contributions and wish them well for the future,” Mr. Irvine added.
Looking Ahead
With strong momentum in its business strategy, NAB remains committed to seamless leadership transitions while continuing to deliver for customers and shareholders. Further updates on the new CFO search will be provided in due course.
