subscribe to our newsletter
NAB appoints new director

NAB appoints new director

​One of the big four banks has announced the appointment of a veteran banking executive as a new director of its board.

Philip Chronican will join National Australia Bank as a non-executive director following a 30-year career in banking roles in Australia and New Zealand.

In his most recent executive position, Mr Chronican was responsible for ANZ’s Australian division, with specific responsibility for the major bank’s retail and commercial businesses.

Prior to joining ANZ, Mr Chronican was chief financial officer and a group executive at Westpac.

NAB chairman Dr Ken Henry said he is delighted Mr Chronican has accepted the bank’s invitation to join the board “to contribute his deep banking experience, commercial skills and market knowledge”.

Mr Chronican will begin his new role on May 2, 2016, with his appointment subject to regulatory approval.

[Related: NAB group finance exec resigns]

NAB appoints new director
mortgagebusiness logo

Latest News

An ASX-listed financier has halted trading pending a “material announcement”, which is expected to relate to a takeover bid. ...

The lack of borrower understanding of interest-only loan terms, especially among owner-occupier households, is “concerning”, a global in...

The corporate watchdog is urging financial services and credit licensees to prioritise registering with AFCA as they would otherwise be in b...

FROM THE WEB

podcast

LATEST PODCAST: Upheaval at the major banks

Is enough being done to ensure responsible lending?