CEO resigns from major bank advice firm

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National Australia Bank today announced the resignation of JBWere Chief Executive Officer, Paul Heath.

Heath has been JBWere CEO for four years, and has been with JBWere for 19 years. He will stay in the business until mid-July to support the orderly transition to an interim CEO. NAB will be searching both internally and externally, with the JBWere Board, for a permanent replacement.

Andrew Hagger, Group Executive NAB Wealth, said, “Paul has transformed a brokerage focused business into Australasia’s pre-eminent private wealth management firm. We thank him for his significant contribution in leading the business through change and wish him well for the future.”

Heath began with JBWere in 1994, in its Perth office, as an adviser. In 2006 he was appointed managing director – Private Wealth Management before becoming CEO. Heath spent a total of eight years leading JBWere including through the strategic private wealth management alliance formed with NAB in 2009.

 “It has been a privilege to be part of JBWere for the past 19 years. 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,” said Heath.