NAB to recruit bankers and advisers for high net wealth clients

By Edil Corneille

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment.

JBWere CEO and leader for NAB Private, Justin Greiner said that NAB understands the need to align its ambitions with the growth opportunities of its customers. NAB is the parent organisation of wealth management body – JBWere.

“We have an ambition to grow our market-leading business bank by helping our customers grow, and our offering for high net worth clients is a core part of our strategy. We understand that our clients are looking for access to a broader suite of advice and investment solutions. We are investing to provide even more support for clients, bringing together specialists across lending, financial advice, family advisory and philanthropy,” Greiner enunciated.

“We are looking to recruit bankers and advisers that have a deep understanding of private wealth and a strong sense of ‘client first’ – which is the ethos at the heart of the JBWere culture helping us to serve families and organisations for 180 years.”

With JBWere, NAB Private and self-directed wealth now coming together under the leadership of Justin Greiner – the team is being tasked with delivering a seamless Private Wealth offering to its high net wealth clients founded on deep relationships and expertise. The new private bankers will also be part of the bank’s new accredited banking career pathway, providing ongoing investment to support their career.

Reflecting on the challenges facing JBWere clients in the current environment, Greiner elucidated, “Amidst the COVID-19 health crisis, we’ve seen our clients in the charitable sector come under significant pressure as revenues drop while demand on their services has increased. We have been supporting these clients, helping them with their investment and advisory needs as well as working with bankers to secure short-term funding where required.”