Key facts
- Saines will join the NAB board in March 2027 and become chair later in July.
- Philip Chronican will stand down from the board after 11 years with the bank.
- Saines had been an independent voting director of Macquarie Bank since 2022.
- Saines spent five years as Group Executive, Institutional Banking and Markets at Commonwealth Bank of Australia.
National Australia Bank named Ian Saines, a former Macquarie Bank director, as chair-elect and non-executive director on November 9, 2026, the company said in a statement. NAB, Australia's top business lender, said Saines will replace Philip Chronican, who will stand down from the board after 11 years with the bank.
Saines will join the NAB board in March 2027 and will become chair later in July, the company said. He will be nominated for election by shareholders at NAB's annual general meeting in December 2027.
Saines had been an independent voting director of Macquarie Bank since 2022. His experience in the financial services industry includes senior roles at Commonwealth Bank of Australia and investment manager Challenger. He spent almost a decade at CBA, the country's top lender, with five years as Group Executive, Institutional Banking and Markets, reporting to the CEO.