Rubin departs MLC board

Elana Rubin has stepped down as a director of MLC Limited after three years of service.

The news of Rubin's departure follows the announcement that National Australia Bank's (NAB) sale of 80% of MLC Limited - the entity which operates the MLC Life Insurance business - to Nippon Life Insurance Company (Nippon Life) has been completed.

Outgoing chair of MLC Limited and NAB non-executive director, Peeyush Gupta, said of Rubin's departure: "Elana Rubin has now retired from the MLC Limited board. I thank her for her strong contribution and commitment to MLC's customers as a Director for over three years. I also thank her for her substantial efforts in regards to the sale transaction of MLC Life Insurance to Nippon. We wish her the very best in her future endeavours."