Weekend Edition: A Bold Take On Big Business

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NAB Morning Call 24 min 1 speaker 8 chapters transcribed 19 days ago
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What is NAB’s corporate and institutional banking division and who leads it?

Phil Dobbie 0:01
NAB, of course, has a reputation for business banking, and that includes the big end of town. And today we talked to Kath Carver, responsible for looking after corporate clients, either listed entities or large private companies. But doing what exactly? And because she is the lead for housing affordability, we'll talk about that too. That's this week. The morning call from NAB with Phil Dobby. The weekend edition. So Kath Carver is group executive for NAB's corporate and institutional banking. She's been in the job for just twelve months now, but she's been with NAB for about nine years, with time before that at JB Weir, Macquarie Bank, Westpac, and ANZ. So Kath Carver knows about banks and in particular the corporate and institutional space.
Phil Dobbie 0:44
In fact, uh it's actually a huge A of the bank, isn't it? I mean, corporate and institutional, you're helping access capital markets, you're providing finance, you're managing cash and liquidity, you're providing risk management, investing. Actually. There's also a pretty good podcast comes out of your area of the bank as well. So if you were asked to provide a an elevator pitch, if I got on the lift and I didn't know what corporate and institutional banking was and we've only got four floors to go and I asked you that question, what would you say?
Kath Carver 1:07
Well, I would say that we serve Australia and some of the global largest corporates and instos, providing them with, as you say, debt capital, risk management and transactional banking solutions. Some of our clients are major retailers, insurers, telcos, financial sponsors, as I mentioned, um, developers, uh, banks, uh, businesses that probably uh some of you the listeners interact with every day. Um Um we ha like we genuinely help our our our clients grow, whether it be through helping them on MA or debt capital generally, managing their risks, effects, interest rates, um, and actually trying to help them operate more efficiently. Um and quite frankly, those clients have got lots of tentacles. So they're helping the broader economy.
Kath Carver 1:53
So And one of the things that I think uh the last point I would make is that, you know, it's a real team sport um uh across not only the division the subdivisions within CNIB, but also across the whole uh of of the bank in terms of trying to provide those seamless services and really innovative solutions. So that'd be my elevator pitch. What Yeah,
Phil Dobbie 2:15
that's good. No the flop is level four. I'm I wish I could talk more, but I've got to get off here. But I mean, is there something that you're particularly proud of out of all of that, or areas that you've you've you feel like, you know, the bank has improved? I mean, maybe before you arrived and you've just helped embellish that, or perhaps you've taken on board yourself. What what are the big growth areas?
Kath Carver 2:33
Yeah, look, I think that that's a really good point in terms of the baton change. Um, 'cause relationships are at the core of everything. And I think we've taken that uh to another level over the n nine years, nearly ten years in actual fact.

How does Cath Carver describe the division’s core services and client base?

Kath Carver 2:46
Um, my predecessor David Gall and then in the last year we've we've probably taken that to another level. I think the fact that we're the biggest business bank in Australia uh and New Zealand We support all sizes, big, small, local cafes, florists, professional services, through to farms, major corporates and as I mentioned before, global financial sponsors. We bank one in three agri uh customers, one in four SMEs across Australia. Um I think we've got a really good finger on the pulse in terms of how businesses are feeling and the markets performing and got lots of data uh and in insights and experts and a lot of specialists to help um really help our our clients and customers grow.
Phil Dobbie 3:29
Right, well that leads to the obvious question then, you're saying you've got all of this information on hand. So what what is the lay of the land? Do you think we're Do you think I mean we're there's obviously a lot of hesitancy around right now because of the way the world is, but do you feel like generally Australian businesses are in a good place?

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