NAB to make job cuts announcement on Monday

The results of National Australian Bank's 'Positioning for Growth' program, which could see 6000 job cuts, will be announced Monday.

The NAB has already announced the closure of 56 rural branches nationally as part of the bank's organisational restructure, but is still keeping quiet on if and how many IT jobs will be affected.

Majella Allen, national spokesperson for NAB said, there is "no natural connection" between the closure of the branches and how many IT staff may lose their jobs.

"We'll have to wait until Monday to see what initiatives NAB has planned for the IT area," she said.

Meanwhile, NAB has announced the appointment of new chief information officer Ian Crouch who will take on the role of CIO in May. He will report directly to NAB chief executive and MD, Frank Cicutto.

Crouch was previously with UK-based AT Kearney/EDS where he was head of the European strategic information technology practice.

NAB announced earlier this year that group IT functions and strategy would be integrated across all three regional financial service business units and would include the appointment of a CIO.

Glenn Mescher who has been acting CIO since February, will assist Crouch in the hand-over period and is looking at other IT opportunities within the company where he will assume a senior role.

Crouch has extensive experience in financial services working with financial institutions including Citibank, American Express, ING and the National.

Cicutto said Crouch has an impressive record in driving major business change and brings a wealth of IT experience in financial services in both Australia and overseas.

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