Hayne response should top to-do list of NAB's Chronican, say analysts


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Chief investment officer of Atlas Funds Management, Hugh Dive, said NAB was further behind Commonwealth Bank and ANZ Bank in divesting its wealth operations, and the future of this business was important. “The key thing for them will be looking at what happens with MLC,” Mr Dive said.


Mr Chronican, a banker with more than three decades of experience, stepped into the role as acting CEO from NAB’s board. He is seen by many as a likely pick to replace Dr Henry, but there is also a view he could be the bank’s long-term CEO.


Other possibilities for the next CEO include Medibank CEO and NAB former finance chief Craig Drummond,  Royal Bank of Scotland chief Ross McEwan, and NAB executives Mike Baird, Anthony Healy or Angela Mentis.


Mr Thorburn leaves NAB after filling the role of CEO since August 2014, a period in which the bank has sold low-returning assets to focus on business, retail and institutional banking.


Mr Le Mesurier said Mr Thorburn had been performing well as CEO until the royal commission exposed the extent of misconduct within its wealth management arm.


Article source: https://www.watoday.com.au/world/asia/the-next-macau-china-s-big-gamble-in-cambodia-20180615-p4zlqg.html?utm_medium=rss&utm_source=rss_feed

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