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Showing 61 - 70 of 83 results for "Andrew Thorburn"

NAB pays $1.7 million in compensation

ALEX BURKE  |  THURSDAY, 22 OCT 2015
... suffered loss due to inappropriate advice, we will compensate them for that loss." In April, NAB chief executive Andrew Thorburn said the bank planned to take a "leading role" in addressing the compensation gap for victims of poor financial advice.

NAB enters into MOU with Nippon Life

ALEX BURKE  |  THURSDAY, 15 OCT 2015
... the formation of a strategic partnership with major global insurance company Nippon Life," NAB chief executive Andrew Thorburn explained. "We are committed to providing banking and wealth solutions for our customers and Nippon Life shares our passion ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
... customers through the resolution of complaints in our financial advice complaints process," NAB chief executive Andrew Thorburn said. The role and its scope have been verified by third party and specialist in governance Cameron Ralph. "The review led ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... Hodges and chief executive officer of global wealth Joyce Phillips. National Australia Bank (NAB) chief executive Andrew Thorburn and group executive of NAB Wealth Andrew Hagger will also face a Senate grilling, along with Commonwealth Bank (CBA) chief ...

NAB too big to change culture overnight: Thorburn

LAURA MILLAN  |  TUESDAY, 17 MAR 2015
National Australia Bank (NAB) chief executive Andrew Thorburn has admitted that cultural change in such large organisation "probably takes five, 10 years," in light of the regulator's concerns about its financial planning arm. Thorburn noted that NAB ...

NAB chief executive outlines misconduct policy changes

ALEX BURKE  |  TUESDAY, 24 FEB 2015
In a speech to the Australia-Israel Chamber of Commerce, NAB chief executive Andrew Thorburn defended the bank's financial advice history and indicated changes were being made to ensure better internal oversight of its advice businesses. Despite the ...

NAB profits dip on UK write down

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
... $1.98 per share. Commenting on the earnings drop which was foreshadowed in October, NAB Group chief executive Andrew Thorburn said: "We announced impairments and write downs in relation to UK conduct, capitalised software, deferred tax assets and R&D ...

Former NAB boss received $6m last year

AAP  |  MONDAY, 17 NOV 2014
... included $1.71 million in termination benefits. He took home $7.76 million for the full 2012/13 year. His successor, Andrew Thorburn, who previously headed NAB's Bank of New Zealand subsidiary, took home $2.22 million for the year. Both men earned less ...

NAB wealth returns "below acceptable levels"

LAURA MILLAN & AAP  |  THURSDAY, 30 OCT 2014
National Australia Bank (NAB) net profit for the year to September 30 was down 1.1%, with chief executive Andrew Thorburn saying that NAB Wealth returns were "below acceptable levels." NAB's net profit was $5.295 billion, down 1.1% from $5.355 billion ...