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Mitchell Gets Top Job at NAB

National Australia Bank (NAB) has made a number of appointments to its Institutional Markets & Services (IMS) division. All of the roles will be part of the division’s leadership team, effective October 1, and report to John Hooper, executive general manager of IMS.

Jeff Mitchell has been appointed as general manager, markets, and relocates to Sydney from London, where he was general manager, CIB Europe. The markets sub-division consists of FX, money and debt markets, commodities, distribution, risk management and research.

The global markets leadership team will report to Mitchell. It is currently comprised of: global products heads Mark Adams, acting FX manager; Mike Sheehan, money markets; David Challis, debt markets; Matthew Pegg, commodities; Peter Jolly, research; Tony Pearson, economics; and geographical heads Robert Cone, US; Mike Stone, Europe; Steve Lambert, Australia; Mark Perry, New Zealand; Brian Watt and Doug Goldsmith, Asia.

A spokesperson for the bank says that Mitchell’s replacement will be announced in due course. When appointed, this person’s title will be head of IMS and corporate banking Europe and will have joint reporting lines to Hooper and Ross Pinney, CEO Europe.

Meanwhile, Melbourne-based Shaun Dooley reverts to his permanent role as general manager, financial institutions. Dooley replaced Ron Erdos as head of the bank’s markets division for a short period following the bank’s Aud 360 million FX options losses at the end of 2003.

Jim Kyle has been appointed general manager, structured products, based in Sydney. He was previously head of structured finance.

Bruce Rose has become chief operating officer, with responsibility for all the infrastructure and service needs of IMS. He was formerly general manager of services and continues to be based in Melbourne. NAB’s infrastructure came in for strong criticism in the official report into the options losses.

Geoff Cullen has become general manager, portfolio management and syndications, based in Melbourne, having previously headed portfolio management.

Robert Armstrong has been appointed general manager, credit products, and will continue to be based in Sydney. He was previously head of loan syndications.

Paul Orton has been appointed general manager, IMS and corporate banking Australia. The bank says that the role will see Orton lead relationship management of Australian corporates within IMS and that he will also coordinate product delivery into corporate banking. Based in Melbourne, he reports jointly to Hooper and Ahmed Fahour, CEO of Australia.

Auckland-based Anthony Grayson has become general manager IMS and corporate banking, New Zealand, reporting jointly to Hooper and Peter Thodey, CEO, New Zealand.

New York-based Bruce Richards and Hong Kong-based Frank Mallia will continue as general managers for Americas and Asia, respectively, reporting to Hooper.

IMS is the reborn Corporate & Institutional Banking (CIB) division of NAB which provides risk management services, funding and investment products to each of the bank’s client segments, manages the financial institutions client segment globally and the New York operation, the bank says.

Hooper assumed his current responsibilities after Ian Scholes, executive general manager of CIB, resigned, also in the wake of the options scandal.

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