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NAB Selling Trust Business
NAB announced today that it has entered into an agreement with IOOF to sell its National Australia Trustees (NATL) business. Completion of the sale is subject to regulatory approval and is expected to be finalised in the next few months.
“IOOF’s trustee business, Australian Executor Trustees (AET), is one of Australia’s largest and most experienced.”
IOOF’s trustee business, Australian Executor Trustees (AET), is one of Australia’s largest and most experienced specialist providers of estate and trustee services.
News Source: NAB Press Release
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About National Australia Bank
National Australia Bank (NAB) was founded in 1858. Today, it has more than 35,000 people serving 10 million customers at more than 800 locations in Australia, New Zealand and around the world. As Australia’s largest business bank, it works with small, medium and large businesses to help them start, run and grow.
- Origin : Melbourne, Australia
- Assets : AUD 955.05 billion
- Revenue : (PBIT) AUD 9.08 billion
- Employees : 35,000
Official Website: www.nab.com.au
News & Media: Press Release
Updated on 8th August 2016
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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