CEO alights from JBWere, now firmly controlled by NAB
The CEO of JBWere will soon jump ship, after 19 years for the Australian stockbroking firm.
With JBWere now under the control of the National Australia Bank, CEO Paul Heath has announced he’ll leave at the end of the month, leaving NAB and JBWere scrambling for a replacement. Mr Heath has been seen as the last remnant of JBWere's old guard, his departure signalling the completion of a shift beneath the NAB banner.
In a statement, Mr Heath said it was a privilege to be a part of JBWere; “I have had the opportunity to work with an extraordinary group of colleagues and clients over an extraordinary period of time – for both the firm and financial markets. I reflect with great pride on what we have achieved together,” he said.
Formed in 1840, JBWere was bought by Goldman Sachs before being sold to NAB in 2009 for $99 million.