NAB Names Targett New Treasury GM; Plans Forex And Derivatives Re-Think

BANKS

Melbourne-based National Australia Bank (NAB) recruited Steve Targett as its new general manager for treasury (Australia) last week. This coincides with the bank's re-thinking its focus on foreign exchange, money markets and derivative products and the direction NAB will take in these markets in the near future, according to Targett.

Targett's new role involves overseeing the bank's FX, money markets, derivatives and related sales teams throughout Australia. This consists of a total of about