NAB national australia bank limited

News: NAB’s Clydesdale Bank CEO to step down

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    National Australia Bank Limited (ASX:NAB) is on the hunt for a new chief for its UK subsidiary Clydesdale Bank.  
     
    The bank bought Clydesdale Bank in 1987 and has been recently looking to accelerate its exit from its UK banking business. 
     
    Clydesdale Bank’s current CEO David Thorburn has now announced his intention to step down after almost four years in the job. 
     
    NAB says a succession process is well underway and Mr Thorburn will stay on to ensure a smooth transition. 
     
    National Australia Bank reported a net profit of $5.29 billion in the year to the end of September 2014.  
 
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