NAB builds a lead by the book

I’m not sure what Cameron Clyne actually achieved during his five years in charge of NAB (ASX: NAB) and maybe he’s not either. But long-suffering NAB shareholders should be happy that his successor, Andrew Thorburn, is more than making up for the inaction.Thorburn is in the process of completing NAB’s exit from the US and has announced plans to exit the company’s troubled British adventure by demerging and floating its Clydesdale and Yorkshire banking businesses. In anticipation of APRA tightening capital requirements, NAB has also raised additional capital.Of more interest to shareholders might be the fact that the bank, through its nabtrade broking arm,...

I’m not sure what Cameron Clyne actually achieved during his five years in charge of NAB (ASX: NAB) and maybe he’s not either. But long-suffering NAB shareholders should be happy that his successor, Andrew Thorburn, is more than making up for the inaction.

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