National Australia Bank Ltd., the country’s largest by assets, hired Bank of America Corp.’s Craig Drummond as its group executive for finance and strategy.
Asset Management Corp. of Nigeria will own about 14 percent of Lome, Togo-based Ecobank Transnational Inc. after its acquisition of Oceanic Bank International Plc, Ecobank said.
National Australia Bank Ltd.’s next chief executive officer Andrew Thorburn said he aims to cut the lender’s exposure to U.K. commercial property and focus on Australia and New Zealand when he takes the helm in August.
"The IPO pricing is a reflection of the risk-off sentiment afflicting U.S. banks in general."
- David Ellis on Oct 14, 2014