Mike Baird stands down from his head of consumer banking role at NAB. Picture by Sean Davey.
Mike Baird stands down from his head of consumer banking role at NAB. Picture by Sean Davey.

Mike Baird steps down from $1.7m bank job

NAB announced in a statement to the ASX this morning that Mr Baird would be standing down from his role as head of consumer banking.

Mr Baird only joined the bank in 2017 but said he was now departing to "consider new opportunities".

Mr Baird initially joined the bank to lead the Corporate and Institutional arm of NAB before switching to take on the chief customer officer of consumer banking role in 2018, during the Banking Royal Commission.

He was rumoured to be among the candidates to take on the chief executive role at the nations third largest lender after former boss Andrew Thorburn stepped aside.

Former Commonwealth Bank retail boss Ross McEwan was eventually given the task of rebuilding the bank's reputation and said he had enjoyed working with Mr Baird.

"Mike has been a tremendous leader, challenger of convention and staunch advocate for customers in his time at NAB," he said.

"I am pleased that he has been part of my leadership team but understand and accept the reasons for his decision to leave."

Mr Baird said he believed that Mr McEwan would make a big difference to the bank. Picture: Britta Campion/The Australian
Mr Baird said he believed that Mr McEwan would make a big difference to the bank. Picture: Britta Campion/The Australian

Mr Baird did not detail his future plans and instead said he was keeping an open mind about the future.

"I have an open mind about what I will do next and will use the time to determine where I believe I can make the best, most fulfilling contribution to business and the wider community," he said.

The current general manager in Mr Baird's team Anthony Waldron will act as chief customer officer of consumer banking while NAB searches for a permanent replacement.

Last year Mr Baird earned $1.7 million for his role at the bank but in 2018 he earnt significantly more with $2.28 million.


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