National Australia bank adding staff

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National Australia Bank is building up its institutional markets and services division.

The bank will spend an extra $10 million this financial year on diversifying resources and adding staff, the Australian Financial Review reports.

National Australia Bank's restructuring of its institutional banking division will provide the next leg of growth.

The bank is turning its attention to growth and the marketing of new products, and expects the restructuring of its globally focused institutional banking division to be instrumental in this, AFR says.