Coad breaks with the Commonwealth to join NAB

The former Hong Kong banker becomes head of markets for National Australia Bank.

Peter Coad is leaving Commonwealth Bank to become general manager of NAB's markets division. He will be responsible for leading the bank's global strategy, including overseeing operations in Singapore and Hong Kong.

Coad has plenty of Asian experience. He spent several years working for Chase Manhattan Bank and its predecessor Chemical Bank in Hong Kong and Tokyo.

At the Commonwealth he held a number of senior positions including head of global markets global head of rates, FX and commodities and global head of trading and product management.

The move will be a challenge for the veteran banker. Commonwealth Bank is having a...

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