More NAB departures touted

John Stewart, NAB’s UK operations executive director, took Cicutto’s post on February 1, prompting expectations of an upcoming management review.

"A small handful will most likely be casualties, from the FX trading scandal directly and from John Stewart having a good look at the banking operations," said Peter Vann, a banking analyst at Sydney-based Constellation Capital Management.

David MacDonald, banking analyst at Shaw Stockbroking in Sydney, said he also expects a management clearout.