National Australia Bank names Ian Saines as next chair
National Australia Bank (NAB) announced on Monday that former Macquarie Bank director Ian Saines will assume the role of chair-elect and non-executive director, replacing outgoing chair Philip Chronican. Saines will join the NAB board in March 2027 and take on the position of chair later in July.
Saines has been an independent voting director of Macquarie Bank since 2022, bringing with him extensive experience in the financial services industry. Prior to his time at Macquarie, he held senior roles at Commonwealth Bank of Australia (CBA) and served as an investment manager at Challenger. For nearly a decade, Saines worked at CBA, where he spent five years as Group Executive, Institutional Banking and Markets, reporting directly to the CEO.
NAB will seek shareholder approval for Saines' election at the company's annual general meeting in December 2027, as disclosed in the bank's statement.
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