MLC Wealth – the wealth management unit of NAB – has named David Clarke as its new chief risk officer, effective October this year.
Clarke most recently worked at Queensland Investment Corporation (QIC), where he held a similar role for the last seven years.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
His stint at QIC started in 2007. Prior to that, he served at Macquarie Bank’s Financial Services Group, Linklaters in London and Tokyo, and Clayton Utz in Sydney.
MLC Wealth CEO Geoff Lloyd said: “While risk management is everyone’s business at MLC, we need strong and experienced leadership to ensure our enterprise risk management framework and culture is robust, fit for purpose, and enables us to meet the expectations held by all stakeholders including clients, regulators and our people.
“This requires modern leadership and contemporary risk management. David has a reputation for developing great teams and industry leading approaches to how risks are managed, encompassing all aspects of operational, strategic, emerging and external risk factors.
AT MLC Wealth, Clarke will be part of a newly formed MLC executive leadership team.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMLC offers investments, superannuation as well as financial advice to corporate, institutional and retail customers.
The bank decided to offload the business in 2018. However, the process was delayed after a fee scandal and management restructure.
