DataRoom AM: Thorburn's thorns

Investors hope NAB’s new CEO will quickly divest unwanted assets, while second-round bids are due for JPMorgan’s Asia-based distressed debt unit.

National Australia Bank has announced a new chief executive and there’s every possibility it could lead to asset sales. Most eyes will now turn to Britain, but don’t discount a divestment back home.

Elsewhere, a bold move is afoot in the flagging IPO market, David Jones marginally opens the door to a Myer deal, PwC wraps up a significant takeover and Genworth Australia presses ahead with plans for an ASX listing.

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