National Australia Bank – “NAB - needing IT upgrade but solid place to work”

Pros

Strong Local Player, Financial sound position.

Cons

Outdated technology, slow to market with new products.

Advice to Senior Management

NAB's culture wasn't nearly as sick as reported after the forex scandal. To some extent they through the baby out with the bathwater. The strength of that bank was the longstanding bank managers in the branches and BBCs. New management went around telling them their culture needed changing because some cowboys on the trading desk lost some money. Not great for staff morale.