National Australia Bank ( NAB ) is set to undergo organisational and executive changes following the sale of 80 % of its life insurance business to Nippon Life . The bank is expected to create a combined consumer - banking and wealth - management portfolio and enhance its business and operations division . NAB Wealth group executive ben Hagger will become the head of the combined wealth management and investment banking division while a merger between the banks ' business and private banking divisions will be set up by Angela Mentis .
National Australia Bank (NAB) is set to undergo organisational and executive changes following the sale of 80% of its life insurance business to Nippon Life. The bank is expected to create a combined consumer-banking and wealth-management division and enhance its technology and operations division. NAB Wealth group executive Andrew Hagger will become the head of the combined wealth management and consumer banking unit while a merger between the banks' business and private banking divisions will be headed up by Angela Mentis.