Penrith. Local 'boy' heads up NAB

Cameron Clyne, “the boy from Penrith”, as The Australian Financial Review referred to him, has been appointed CEO, of the National Bank of Australia, to replace John Stewart, on New Year’s Day. He’ll earn a base salary of $2.5 million, with incentives that could boost his total pay to $8.75 million, the paper said. Mr Clyne, 40, is the son of Tony Clyne, a former head, of the NSW Department of Business and Consumer Affairs.