National Australia Bank Hires BofA’s Craig Drummond as CFO

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National Australia Bank Ltd., the country’s largest by assets, hired Bank of America Corp.’s Craig Drummond as its group executive for finance and strategy.

He will join NAB by the end of the year and replaces Mark Joiner who retires after seven years with the lender, the Melbourne-based bank said in a stock exchange statementBloomberg Terminal. Drummond most recently headed Australian operations at Bank of America’s Merrill Lynch unit, according to the filing.