It was not the moment to be brave. After the final report of the Hayne royal commission saved its most savage criticism for NAB's top leadership, the bank went for the safest option, within close proximity.
In choosing the 62-year-old Philip Chronican to be its acting chief executive on Thursday, replacing Andrew Thorburn, NAB has picked an industry veteran.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Lisa Murray is Enterprise Journalism Editor and host of The Fin podcast. Connect with Lisa on Twitter. Email Lisa at lmurray@afr.com
