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]

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