Triple bypass needed to resurrect NAB's UK businessBY MARK SMITH | THURSDAY, 1 NOV 2012 12:30PMIt could take years before NAB's 'worthless' UK banking business is restored to anything approaching a reasonable sale price. |
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
Contrast NAB's action with those of global banks during the GFC when they just did it and offloaded underperforming divisions. It's about time NAB bit the bullet on this and sold out of the UK at any price. It's been an underperforming bank for 10 years and its excuse after excuse. The Board needs a good shake out.