BNZ boss Thorburn bumped upstairs to lead Australia’s NAB

Wed, 02 Apr 2014

April 3 (BusinessDesk) - Bank of New Zealand boss Andrew Thorburn will take over as chief executive of the local lender’s Australian parent, National Australia Bank, following the trajectory of his predecessor Cameron Clyne who retires from Australia’s third-biggest mortgage lender in August. Clyne, who headed up BNZ before taking the top NAB job in 2008, will be invited to join the board, Melbourne-based NAB said in a statement. The Australian bank has appointed Thorburn as the incoming chief executive, and will announce a replacement at th...

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