2359 GMT - The wisdom of National Australia Bank's latest executive appointment will only become clear after some time, according to Morgan Stanley analysts. They tell clients in a note that Andrew Auerbach's lack of local experience and profile keep them from forming an immediate view on NAB's new head of business and private banking. In the meantime, they see the simultaneous exit of Auerbach's divisional predecessor and CFO Nathan Goonan as a near-term negative for the lender. Goonan's experience and track record at NAB make his appointment at rival Westpac a positive development for that company, they add. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 19:59 ET (23:59 GMT)
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