National Australia Bank Seen in ‘Safe Hands’ With CEO Irvine (2)

National Australia Bank Ltd. said Andrew Irvine will replace Ross McEwan as chief executive officer as the country’s second-largest lender opted to promote a prominent internal leader into the top job.

Irvine, 48, who will become CEO on April 2, has run the firm’s business and private banking division since 2020. McEwan, 66, will retire from executive roles after helming the bank for more than four years.

“NAB seems in safe hands” after the appointment, said Matt Ingram, senior industry analyst at Bloomberg Intelligence in Sydney.

NAB Chair Philip Chronicanas well as analysts and shareholders pointed to Irvine’s ...