National Australia Bank Limited (NAB) announced that Ross McEwan would start with the Bank as Group Chief Executive Officer (CEO) and Managing Director on December 2, 2019. This follows the announcement of his appointment on 19 July 2019, at which time NAB announced that Mr. McEwan's start date at NAB was dependent on him fulfilling his obligations as CEO of Royal Bank of Scotland (RBS). RBS announced Mr. McEwan would step down as CEO on 31 October 2019.

Mr. McEwan's appointment remains subject to regulatory approvals. NAB also confirmed that interim Group CEO, Philip Chronican, would assume the position of Chairman of the Board of Directors from Ken Henry from 15 November 2019, at which point Dr. Henry will resign as Chairman and from the Board. NAB Chief Financial Officer, Gary Lennon, will be acting Group CEO from 15 November to 1 December 2019.