Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender.
He will be replaced by Andrew Irvine, a former Bank of Montreal executive.
McEwan returned RBS to profit before moving to Australia to lead NAB four years ago. He joined the Australian bank after it was accused of charging customers excess fees, a scandal that forced out his predecessor.
Since then, growth in its business banking unit, run by Irvine, has helped restore NAB’s credibility.
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