National Australia Bank (NAB) said in a statement that it has reorganized its debt capital markets business, combining its securitization, syndication loan and agency teams with the capital markets origination team.
The reorganized team will be led by Steve Lambert, global head of debt markets. Graham McNamara, previously head of loan syndications, has been given a new role as head of NAB's non-traded credit portfolio business. He will be responsible for managing wholesale banking originated loan assets.
His replacement is Mark Garrick, who was previously global head of capital markets origination, NAB said. Garrick's previous job will be taken up by Patrick Mullins and Geoff Schmidt as joint heads of global capital markets origination.
Mullins has been head of Bank of New Zealand's debt capital markets team in New Zealand for the last four years while Schmidt headed up NAB's U.S. private placement team for two years.