Peter Kempster, the head of NAB Custodian Services, has resigned and will leave the bank early January.
International search firm Korn Ferry is assisting in finding a replacement. Kempster, who has been with NAB for 13 years, said that he felt it was time to make a change and it was good to be going out when the business was doing well. “It’s time for me to do something different,” he said. “I don’t envisage moving to another custodian … but I’ll probably end up in financial services.” Prior to his role at NAB Custody, where he took over from Tony O’Grady early last year, Kempster headed up Payments for the bank and before that the Fly-buys loyalty program. Before that he was a management consultant.
31/10/2006
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Investments
The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.
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