National Australia Bank Management

Management criteria checks 3/4

National Australia Bank's CEO is Andrew Irvine, appointed in Apr 2024, has a tenure of less than a year. total yearly compensation is A$5.03M, comprised of 35% salary and 65% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth €1.74M. The average tenure of the management team and the board of directors is 3.5 years and 4.8 years respectively.

Key information

Andrew Irvine

Chief executive officer

AU$5.0m

Total compensation

CEO salary percentage	35.0%
CEO tenure	less than a year
CEO ownership	0.002%
Management average tenure	3.5yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andrew Irvine's remuneration changed compared to National Australia Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	AU$5m	AU$2m	AU$7b
Jun 30 2024	n/a	n/a	AU$7b
Mar 31 2024	n/a	n/a	AU$7b
Dec 31 2023	n/a	n/a	AU$7b
Sep 30 2023	AU$3m	AU$1m	AU$7b
Jun 30 2023	n/a	n/a	AU$7b
Mar 31 2023	n/a	n/a	AU$7b
Dec 31 2022	n/a	n/a	AU$7b
Sep 30 2022	AU$4m	AU$1m	AU$7b
Jun 30 2022	n/a	n/a	AU$7b
Mar 31 2022	n/a	n/a	AU$7b
Dec 31 2021	n/a	n/a	AU$7b
Sep 30 2021	AU$5m	AU$1m	AU$6b
Jun 30 2021	n/a	n/a	AU$6b
Mar 31 2021	n/a	n/a	AU$5b
Dec 31 2020	n/a	n/a	AU$4b
Sep 30 2020	AU$537k	AU$103k	AU$3b

Compensation vs Market: Andrew's total compensation ($USD3.27M) is below average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Andrew Irvine

less than a year

Tenure

AU$5,032,046

Compensation

Mr. Andrew Francis Irvine is MD, Group CEO & Director of National Australia Bank Limited from July 01, 2024. Mr. Andrew Irvine served as Group Executive of Business & Private Banking at National Australia...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Irvine	MD, Group CEO & Director	less than a year	AU$5.03m	0.0023% € 1.7m
Lesile Matheson	Group Chief Operating Officer	3.8yrs	AU$3.20m	0.00012% € 92.0k
Patrick Wright	Group Executive of Technology & Enterprise Operations	7.6yrs	AU$5.17m	0.000070% € 53.6k
Sarah White	Group Executive of People & Culture	1.3yrs	AU$2.01m	0.00045% € 344.9k
Sharon Cook	Group Executive of Customer & Corporate Services	less than a year	AU$2.61m	0.0016% € 1.2m
Shaun Dooley	Group Chief Risk Officer	6.1yrs	AU$3.18m	0.0038% € 2.9m
Daniel Huggins	MD & CEO of Bank of New Zealand	3.1yrs	AU$3.10m	no data
Rachel Slade	Group Executive of Personal Banking	4.6yrs	AU$3.48m	0.0052% € 4.0m
Ana Marinkovic	Group Executive	no data	AU$1.85m	0.0028% € 2.2m
Sally Mihell	Head of Investor Relations	no data	no data	no data
Mark Alexander	General Manager of Corporate Communications	no data	no data	no data
Spiro Pappas	Chief Executive Officer of Asia Operations	no data	no data	no data

3.5yrs

Average Tenure

Experienced Management: NAL's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Irvine	MD, Group CEO & Director	less than a year	AU$5.03m	0.0023% € 1.7m
Philip Chronican	Independent Non-Executive Chairman of the Board	8.5yrs	AU$845.83k	0.0014% € 1.1m
Sarah Carolyn Kay	Independent Non-Executive Director	1.3yrs	AU$309.98k	0.00033% € 252.9k
Ann Sherry	Independent Non-Executive Director	7yrs	AU$322.67k	0.00041% € 314.2k
Kathryn Fagg	Independent Non-Executive Director	4.9yrs	AU$333.08k	0.00031% € 237.6k
Simon McKeon	Independent Non Executive Director	4.8yrs	AU$321.81k	0.00049% € 375.5k
Douglas McKay	Independent Non-Executive Director	8.8yrs	AU$506.62k	0.00039% € 298.9k
Anne Loveridge	Independent Non-Executive Director	8.9yrs	AU$321.18k	0.00040% € 306.6k
Christine Fellowes	Independent Non-Executive Director	1.4yrs	AU$291.20k	0.00016% € 122.6k
Alison Kitchen	Independent Non-Executive Director	1.2yrs	AU$319.79k	0.00024% € 183.9k

4.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: NAL's board of directors are considered experienced (4.8 years average tenure).

National Australia Bank Management

Management criteria checks 3/4

Key information

Recent management updates

National Australia Bank Limited Announces Board Changes

National Australia Bank Announces CEO Changes, Effective from April 2, 2024

National Australia Bank Limited Announces Appointment of Alison Mary Kitchen as Director

National Australia Bank Announces the Appointment of Sarah White as Group Executive People & Culture

National Australia Bank Limited Announces Resignation of Ricardo Vasquez an Assistant Company Secretary

National Australia Bank Announces Group Executive People and Culture Susan Ferrier Will Retire on 31 October 2023

Recent updates

Final dividend of AU$0.85 announced

Full year 2024 earnings released

National Australia Bank Limited Announces Board Changes

Now 20% undervalued

Now 20% undervalued

First half 2024 earnings released: EPS: AU$1.14 (vs AU$1.27 in 1H 2023)

First half dividend of AU$0.84 announced

National Australia Bank Limited to Report Fiscal Year 2025 Results on Nov 06, 2025

National Australia Bank Announces CEO Changes, Effective from April 2, 2024

National Australia Bank Limited announced that it expects to receive AUD 300 million in funding

National Australia Bank Limited to Report Fiscal Year 2024 Results on Nov 07, 2024

National Australia Bank Limited Announces Final Dividend for 2023, Payable on 15 December 2023

Full year 2023 earnings released

National Australia Bank Limited Announces Appointment of Alison Mary Kitchen as Director

National Australia Bank Limited Announces Distribution for the Quarter Ending December 17, 2023, Payment Date Is December 18, 2023

National Australia Bank Limited (ASX:NAB) announces an Equity Buyback for AUD 1,500 million worth of its shares.

National Australia Bank Announces the Appointment of Sarah White as Group Executive People & Culture

National Australia Bank Limited Announces Resignation of Ricardo Vasquez an Assistant Company Secretary

National Australia Bank Announces Group Executive People and Culture Susan Ferrier Will Retire on 31 October 2023

National Australia Bank Limited Announces Board Changes

National Australia Bank Limited Announces Dividend for the Six Months Ended March 31, 2023, Payable on July 5, 2023

First half 2023 earnings released: EPS: AU$1.27 (vs AU$1.10 in 1H 2022)

Now 21% undervalued

Now 20% undervalued

Insufficient new directors

National Australia Bank Limited, Annual General Meeting, Dec 15, 2023

Westpac Reportedly Closer to Tyro Deal as Second Suitor Turns Up

Full year 2022 earnings released: EPS: AU$2.19 (vs AU$1.96 in FY 2021)

National Australia Bank Limited Announces Ordinary Distribution for the Six Months Ended September 30, 2022, Payable on December 14, 22022

Tyro Payments in Takeover Talks with Selected Parties

Partners Life Limited acquired BNZ Life Insurance Limited from National Australia Bank Limited (ASX:NAB) for approximately NZD 290 million.

National Australia Bank Limited Announces Distribution for the Quarter Ending September 18, 2022, Payable on September 19, 2022

National Australia Bank Limited Announces Distribution for the Period Ending September 19, 2022 on Nabpe - Cap Note 3-Bbsw+2.20% 20-09-28 Cum Red T-09-23, Payable September 20, 2022

National Australia Bank Limited Announces Distribution for the Period Ending September 18, 2022 on CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-12-27, Payable on September 19, 2022

National Australia Bank Limited Announces Final Dividend on Nab Capital Notes 2, Payable on July 7, 2022

National Australia Bank Limited (ASX:NAB) acquired Diners Club Pty Limited and other Australian consumer business of Citigroup Pty Limited.

Now 21% undervalued

First half 2022 earnings released: EPS: AU$1.10 (vs AU$0.98 in 1H 2021)

Full year 2021 earnings released: EPS AU$1.96 (vs AU$1.13 in FY 2020)

National Australia Bank Reportedly in Box Seat in Race for Citi Retail Banking Business

National Australia Bank Limited Agrees to Settle US BBSW Class Action Complaint

IOOF Holdings Ltd (ASX:IFL) completed the acquisition of MLC Wealth Management Limited from National Australia Bank Limited (ASX:NAB) for AUD 1.4 billion.

First half 2021 earnings released: EPS AU$0.98 (vs AU$0.52 in 1H 2020)

National Australia Bank Limited Announces Distribution for the Six Months Ending March 31, 2021, Payable on July 2, 2021

National Australia Bank Limited Announces Distribution on NABPH - CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-12-27, Payable on June 17, 2021

National Australia Bank Limited Announces Appointment of Ricardo Vasquez as an Assistant Company Secretary

Independent Non Executive Director recently bought €46k worth of stock

New 90-day high: €16.17

National Australia Bank Limited (ASX:NAB) entered into a scheme implementation agreement to acquire remaining 81.7% stake in 86 400 bank from Cuscal Limited and others for approximately AUD 220 million.

New 90-day high: €15.50

New 90-day high: €14.72

National Australia Bank Limited Announces Resignation of Geraldine McBride from the Board

Partners Life Limited signed an agreement to acquire BNZ Life Insurance Limited from National Australia Bank Limited (ASX:NAB) for approximately NZD 300 million.

National Australia Bank Limited to Report First Half, 2021 Results on May 06, 2021

National Australia Bank Limited Appoints Les Matheson as Chief Operating Officer, with Effect from January 11, 2021

Full year 2020 earnings released: EPS AU$1.13

Loan Market Group Pty Ltd entered into an agreement to acquire Finance Broker Aggregation Business from National Australia Bank Limited (ASX:NAB).

Market bids up stock over the past week

Full year 2020 earnings released: EPS AU$1.13

New 90-day high: €12.16

National Australia Bank Limited Announces Geraldine McBride to Not Seek Re-Election at the its Annual General Meeting

National Australia Group Ltd. agreed to acquire australian financial planning and portfolio management businesses of Deutsche Bank AG for AUD 115 million.

New 90-day low: €10.00

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure