National Australia Bank Limited (ASX: NAB) is making notable changes to its Executive Leadership Team. The Company announces two significant shifts that will shape its senior management structure through 2026 and beyond.
 
Figure 1: National Australia Bank signage highlighting the Company’s brand presence [Bloomberg]
NAB leadership update: Shaun Dooley, a 33-year veteran of the bank, has confirmed his intention to retire by the end of 2026. His departure marks the end of a long and distinguished career at one of Australia’s largest financial institutions.
A Leadership Transition Years in the Making
National Australia Bank has relied on Shaun Dooley in two critical roles simultaneously. He has served as Group Chief Risk Officer since 2018. He also stepped in as acting Group Chief Financial Officer from March 2025, holding both positions until a permanent CFO appointment was confirmed.
Figure 2: Shaun Dooley, Group Chief Risk Officer and acting Group Chief Financial Officer of National Australia Bank [National Australia Bank]
The Company will now undertake a formal recruitment process for the Group Chief Risk Officer role. NAB leadership update of this scale are rare. They signal a deliberate evolution in how the Company is structuring its senior talent.
Inder Singh Steps In as NAB’s New Group CFO
Inder Singh was first announced as NAB’s incoming Group Chief Financial Officer and Group Executive Strategy back in August 2025. He is set to officially join the Company on 2 March 2026.
Figure 3: Inder Singh, incoming Group Chief Financial Officer and Group Executive Strategy at National Australia Bank [Board Stewardship]
National Australia Bank’s NAB executive leadership team update confirms that once Inder Singh begins, Shaun Dooley will revert solely to his role as Group Chief Risk Officer. This NAB leadership update ensures continuity and a smooth handover across both functions.
What the CEO Had to Say?
Andrew Irvine, Group Chief Executive Officer of National Australia Bank, spoke warmly of the outgoing executive. He described Shaun Dooley as a highly respected industry leader who would be deeply missed at NAB.
Figure 4: Andrew Irvine, Group Chief Executive Officer of National Australia Bank [National Australia Bank]
During the National Australia Bank executive changes announcement Andrew Irvine also expressed confidence in the incoming CFO. He noted that Inder Singh joins the bank at an exciting time and brings the calibre the Company needs as it continues to drive greater customer focus and business growth.
NAB’s Balance Sheet Remains Solid
The NAB executive leadership team update comes against a backdrop of strong financial fundamentals. As on 31 December 2025, the Company’s Common Equity Tier 1 (CET1) capital ratio stood at 11.48%, with total capital at $89,698 million.
Figure 5: National Australia Bank capital adequacy, leverage, and liquidity ratios as at 31 December 2025 [National Australia Bank]
National Australia Bank also reported a Liquidity Coverage Ratio (LCR) of 136% and a Net Stable Funding Ratio (NSFR) of 117% for the same period. These metrics reflect a well-capitalised institution navigating its leadership transition from a position of strength.
Non-Performing Exposures Show Improvement
The Company’s credit quality showed encouraging signs heading into this transition period. Non-performing exposures decreased by $424 million or 3.5% between September and December 2025.
This improvement was driven largely by the Business and Private Banking lending portfolio, along with lower arrears in the Australian mortgage book. The NAB executive leadership team restructure takes place as the broader balance sheet continues to stabilise.
Share Price Performance
National Australia Bank shares are currently trading at $48.040 per share. The Company carries a market capitalisation of $146.84 billion. The 52-week range sits between $31.130 to $48.730 per share, reflecting strong investor confidence over the past year.
Figure 6: National Australia Bank share price performance over the past year [ASX]
Investor Outlook
The NAB executive leadership team update represents a carefully managed transition. The Company retains deep institutional knowledge through Shaun Dooley’s continued role in risk. At the same time, Inder Singh brings a fresh strategic perspective to the CFO function.
Investors will be watching closely as the Company progresses its recruitment for the Group Chief Risk Officer role. How National Australia Bank manages this dual transition will be an early test of its organisational resilience in FY26.
FAQ
Q1. Who is retiring from the NAB executive leadership team?
Ans. Shaun Dooley, Group Chief Risk Officer and acting Group CFO, has confirmed his intention to retire by the end of 2026. He has been with the bank for 33 years.
Q2. Who is replacing Shaun Dooley as Group CFO?
Ans. Inder Singh, announced in August 2025, will join as Group Chief Financial Officer and Group Executive Strategy from 2 March 2026.
Q3. What happens to Shaun Dooley once Inder Singh joins?
Ans. Shaun Dooley will revert to his role as Group Chief Risk Officer until a permanent replacement is recruited.
Q4. What is NAB’s current CET1 capital ratio?
Ans. As of 31 December 2025, National Australia Bank’s CET1 capital ratio was 11.48%.
