Timing is everything for Ross McEwan, banker for all seasons
After four years at NAB, the businessman has called it quits. His path to the top job took him from the bank’s major competitor, CBA, to Scotland and back.
Just after Valentine’s Day, 2011, bankers at the National Australia Bank launched a cheeky campaign urging customers of its rivals to “break up” with their banks.
As the funding cost pressures that forced banks to hit borrowers with outsized rate increases eased, NAB pounced with special offers. A home loan war was heating up.
Jonathan ShapiroSenior reporterJonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
