Mike Baird appointed as NAB executive

Former NSW Premier Mike Baird has been announced as National Australia Bank's new Chief Customer Officer.

NAB chief executive Andrew Thorburn certainly thinks so, saying, "His time as treasurer and premier of New South Wales means he returns to banking and NAB with invaluable experience in leading economic and financial reform to grow the economy".

With the recent news that former MP Mike Baird has been appointed to a top role at NAB, Mozo took a look at Baird's career to date and his credentials for taking on the role. More information will be added as it comes to hand.

But a lot of people weren't impressed with the fact he was pulling the plug after just three years in office.

Acting CTOO Matthew Lawrence will remain with NAB in a key leadership role, the bank said.

"I had known Mike from years gone by in the public space and, at various times we'd spoken at conferences, I'd joked and said: "when Mike's ready to leave politics, I wanted him to phone me because I wanted to talk about opportunities", Mr Thorburn said on Tuesday.

Six weeks later, the answer is clear.

Under existing rules, former MPs who were elected after 2007 - like Mr Baird - receive no additional superannuation than the standard 9.5 per cent employer contribution.

Mr Baird started his career as a banker in 1989 at NAB's St Ives branch in Sydney before moving into corporate banking.

Mr Thorburn said it was a coincidence that NAB had been well advanced on screening candidates for the role, which is one of 10 reporting directly to the chief executive. He will continue to be based in Sydney.

At the time, Thorburn said the changes were part of the bank's "next stage of organisational change", given it has been two years since the team started addressing legacy issues.

The bank's chief executive Andrew Thorburn today said Patrick Wright will leave his role as global chief operations officer for Barclaycard in the United States to take on the CTOO position at NAB.

  • Zachary Reyes