National Australia Bank names Ian Saines as next chair

National ​Australia Bank on Monday ‌named former ​Macquarie Bank director Ian Saines as chair-elect and non-executive director.

NAB, ‌Australia's top business lender, said Saines will be replacing the current chair, Philip Chronican, who will stand down from ‌the board after 11 years with the ‌bank. Here are some details: