NAB makes key asset servicing appointment
National Australia Bank (NAB) has internally appointed John Comito as executive general manager (EGM) for asset servicing.
Comito has been with the bank for 21 years and was most recently chief risk officer for product and markets.
Prior to this, he was Financial Institutions Group's EGM accountable for providing solutions to banks, diversified financials, fund managers, insurance companies, as well as governance and oversight of the London and New York operations.
Commenting on the appointment, NAB group executive for product and markets, Antony Cahill, said "John's experience in leading large teams and managing client relationships, coupled with his strong finance and risk background, makes him the ideal person for this role".
"As a previous EGM Financial Institutions Group, John has a deep understanding of the key commercial considerations of our customers as well as the broader product solutions that NAB offers."
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
