NAB taps Asia division executive for corporate and institutional bank

afr.com:

National Australia Bank has drafted in a key executive from its Asian business for its second-largest division, corporate and institutional banking, which is often spotted around big capital markets deals.

NAB has hired an executive in its corporate and institutional bank division.  Natalie Boog

A staff memo sent out by the banking giant’s group executive for the unit, David Gall, this afternoon said Krista Baetens would join the team. It comes after markets veteran Drew Bradford resigned in March.

She brings a 25-year-long career in plum banking roles, a big chunk of which was spent scaling the ladder at ING. Her official title at NAB is C&IB executive, markets.

“For the past two years Krista has successfully led our Asia business, delivering outstanding leadership and strategic direction across the breadth of C&IB activities in the region,” Gall said in the memo.

“Under her leadership, our Asia business has achieved strong financial and customer outcomes across the breadth of C&IB activities in Asia, including lending, transaction services, financial markets and debt capital markets,” he said.

Corporate and institutional banking is one of NAB’s four divisions, the others being business and private banking, personal banking, and New Zealand banking. It accounted for 23 per cent of NAB’s first-half cash earnings.

NAB is often spotted around big debt deals, including its own.