Indian-origin Peeyush Gupta was today appointed non-executive director of National Australia Bank (NAB), one of the largest financial institutions in Australia.
Mr Gupta is currently a non-executive director of NAB subsidiary National Wealth Management Holdings, and will start on the new role on November 5, 2014.
He will replace Geoff Tomlinson, who retires in December.
The new appointment was made by NAB Chairman, Michael Chaney.
Mr Gupta was a co-founder and the inaugural CEO of IPAC Securities, a pre-eminent wealth management firm spanning financial advice and institutional portfolio management, which was acquired by AXA.
In addition to wide ranging wealth management experience, he also has extensive corporate governance experience, having served as a director on trustee and responsible entity boards since the 1990s and as a director on multiple profit and not-for profit boards.
Mr Gupta holds an MBA in Finance and is an alumnus of Harvard Business School, London Business School and Australian Graduate School of Management.
Mr Chaney said, "We are delighted Gupta has accepted our invitation to join the Board given his significant experience in wealth management and governance, in executive management and director capacities. He is a valuable addition to the NAB Board."
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