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 October 2006 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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