Australia's NAB Appoints James Spenceley As Non-Executive Director

(Source:Linkedin)

National Australia Bank (NAB) announced that it has appointed James Spenceley as a non-executive director with effect from 1 December 2021, subject to regulatory approval.

As seen on his Linkedin profile, Mr Spenceley currently served as Non Executive Director of Kogan.com, Chairperson of Swoop and Chairman of Airtasker. Before these roles, Mr Spenceley worked at Silver Heritage Group LTD, where he spent for more than 1 year. Prior to this, Indoor Skydive Australia Group Ltd utilised his services as Non Executive Director from September 2018 to July 2019. 

Mr Spenceley founded Vocus Communications in 2007 and has been a venture capital investor and advisor to many Australian household brands. Earlier in his career, Mr Spenceley has worked at many companies including APNIC and Comindico.

Mr Spenceley said:“I’ve spent all my life building and growing challenger businesses. It is a genuinely exciting opportunity to bring that experience and perspective to an established organisation with all the strength, history and scale of NAB. This is an ideal time to be joining the NAB Board as the organisation has significant opportunities ahead during a period where the financial services industry is in the middle of dramatic global change.”

As Fazzaco reported earlier, NAB will buy Citigroup's local consumer unit for about $882.24 million​. The deal consolidates 90% of the country's credit cards industry into the hands of Australia's Big Four banks, with NAB adding a million customers through the deal to become the nation's second-largest credit card provider.