NAB Asset Servicing appoints new general manager
Former Novarca staffer and superannuation consultant, Ken Shaw, has been announced to take on the position of general manager, sales and relationships with NAB Asset Servicing.
Shaw advised on superannuation and government entities in his previous role at Novarca, after spending 12 years in senior management positions with BNP Paribas Securities Services, leading teams in Sydney, Melbourne, New Zealand and the UK.
"Ken's deep custody expertise, knowledge and industry networks will be highly valued as we continue to respond to the changing needs of our customers and assist them to meet their strategic objectives," NAB Asset Servicing executive general manager, John Comito, said.
"He will also work closely with the bank's corporate and institutional specialists to ensure that we bring all of NAB's capabilities to support this important customer segment."
Shaw will commence his position with NAB on 19 September.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.