BUZZ-Westpac's former NAB CFO pick as its own finance chief positive, says Morgan Stanley

Reuters

2025/03/18

BUZZ-Westpac's former NAB CFO pick as its own finance chief positive, says <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>

** Analysts at Morgan Stanley believe the appointment of Nathan Goonan as Westpac WBC.AX CFO is positive for the bank given his experience and track record as finance chief of National Australia Bank NAB.AX

** However, consider the departures of both Goonan and Rachel Slade, head of business and private banking, as negative for NAB in the near term

** Brokerage has "under-weight" rating on WBC and A$29.6 price target, while it rates NAB "over-weight" and has A$33.3 PT

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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