National Australia Bank has announced that its CMO, Andrew Knott, is exiting his role at the major bank after two-and-a-half years.

Antony Cahill, chief operating officer at NAB, said Knott will be leaving the bank in early July.

“While I’m disappointed to see Andrew leave NAB, we have spoken about his new role at length and Andrew will be leaving NAB on strong terms.

“Furthermore, Andrew’s appointment is in part due to the strong performance of the marketing team and it is pleasing to see this being recognised externally.

“Andrew is leaving on good terms and is working with me to find a successor.”

Commenting on his departure, Knott said: “It is with genuine regret that I leave one of the best marketing roles in the country. It has been a privilege to lead this extraordinary team and to do some of the best work of my career.”