QBE’s group CFO Inder Singh has resigned after a decade with the insurer and will become finance head at NAB.

Mr Singh joined QBE in 2015 and later became Australian and New Zealand CFO. He took up group finance responsibilities in 2018.

CEO Andrew Horton and the board have thanked Mr Singh for his significant contribution.

“Inder will remain with QBE while we undertake a search for a new CFO, ensuring a smooth transition,” the company said today.

Big four bank NAB says Mr Singh will become group CFO and group executive for strategy, starting next March.

“Inder has been working in a highly regulated and complicated sector,” CEO Andrew Irvine said. “He has driven a strong performance focus, including investment strategies delivering improved outcomes for the business, and been heavily involved in transformation and technology investment and initiatives.”

Before joining QBE, Mr Singh spent time in investment banking, including at Deutsche Bank and UBS in Australia and overseas. He advised on strategy, mergers and acquisitions, and capital structures.

He says the NAB position is the “ideal next role”.

“NAB’s ambition to be the most customer-centric company in Australia and New Zealand was a major attraction,” Mr Singh said. “Banking is a highly competitive industry like insurance, where looking after customers has to be the most important consideration.”

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