How a JBWere banker Paul Heath’s confident strategy for promotion unravelled
In January 2011, Paul Heath set his sights on two potential, rather lofty, summits.
Most big companies try to give senior executives a plan, a path, for their careers. At the National Australia Bank they think of it as climbing the mountain. In January 2011, JBWere chief executive Paul Heath set his sights on two potential, rather lofty, summits. He wanted to be group executive of risk, overseeing regulatory issues across the bank. Failing that, group executive of wholesale banking would also be to his liking. And why not be ambitious? He felt he was flying, that there was “profit momentum" in the business. NAB had made him chief executive of JBWere in 2009 when it bought the business.
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