By continuing to use this website you agree to the use of these technologies. National Australia Bank Limited NAB is a locally-owned public company, deriving revenue through the provision of banking services including wealth management, investment banking, credit and access card facilities, trustee and nominee services, financing and funds management.
The company employs over 34, people, primarily operates in Australia and New Zealand, with branches in Asia, the United States and the United Kingdom, and is administered by its head office in Docklands, Victoria. Note: we do not provide a full financial details for all company profiles. Understand the competitive threats and opportunities within the industries National Australia Bank Limited operates in.
Gain insight into the industry trends and competitive forces that National Australia Bank Limited is exposed to. IBISWorld provides profiles on 2, private and public Australian companies and reports on thousands of industries around the world.
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Enterprise Software. Please review our terms of service to complete your newsletter subscription. James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter.
Email James at james. License article. Follow the topics, people and companies that matter to you. Find out more. Coronavirus pandemic. Sir Edward Knox was the first Bank Manager and later a director. Thomas Barker born London, England, died Bringelly, New South Wales , a manufacturer, engineer, politician, landowner and philanthropist was a notable director and chairman.
The expanded financial base of the merged entity triggered significant offshore expansion over ensuing years. Representative offices were established in Beijing , Chicago branch , Dallas , Seoul , upgraded to a branch in , San Francisco , Kuala Lumpur , Athens , closed , Frankfurt , closed , Atlanta , Bangkok , Taipei upgraded to branch , Shanghai , closed , Houston and New Delhi NAB encountered a difficult period in the period — The Australian economic environment during his leadership was stable and productive after 17 consecutive years of economic growth since , averaging 3.
John proceeded with a far reaching re-organisation of the company along regional lines leading to the appointment of Ahmed Fahour as the CEO of Australia in September In , NAB announced a cut of 2, Australian jobs as part of a global cost-cutting program with the intention of cutting around 4, positions — about It began to outsource back office positions offshore, beginning with a pilot with 23 jobs from the accounts payable department in Melbourne going to Bangalore, India in an agreement with Accenture.
Over additional jobs had been sent offshore by As part of the culture change program, a new Australian head office was purpose built at Docklands in Melbourne. This building is characterised by its open plan layout and was officially opened in October NAB delisted from the London and Tokyo exchanges in In March NAB announced that it would send maintenance and support for some core banking applications to India through an offshoring arrangement with Infosys and Satyam , affecting another employees.
UBank was cited as an example of effective use of nontraditional marketing such as social media , but also uses traditional marketing such as print and television.
ING Direct is the incumbent leader of the direct banking segment in Australia and launched in , 9 years earlier than UBank.
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