NAB CEO Cameron Clyne

NAB CEO Cameron Clyne

Lisa Maree Williams/Bloomberg

Cameron Clyne, chief executive officer of National Australia Bank Ltd. (NAB), who had been running NAB’s New Zealand unit since 2007, was appointed to the bank’s top job on July 31, 2008, six days after news of losses on credit-market investments triggered the biggest one-day drop in its stock in 21 years.