National Australia Bank Ltd. is cutting jobs in its corporate and institutional division as it reorganizes roles, according to people familiar with the matter. The Melbourne-based lender plans to simplify its workforce by combining origination and sales functions.

The changes affect roles covering customer relationships, loan syndication, underwriting, and debt capital markets. Staff were asked not to be identified discussing private information. The move reflects broader industry pressure to streamline operations.

NAB joins other Australian banks adjusting headcount amid shifting deal flows and technology investments. The bank hasn't disclosed the number of positions affected. Analysts say the restructuring aims to improve efficiency in institutional banking.

The announcement came on August 21, 2026. NAB shares traded little changed following the news. Further details on the reorganization timeline remain pending.