National Australia Bank's new chief executive Cameron Clyne is maintaining the office of the CEO in the bank's Melbourne head office in Bourke St despite his decision to live in Sydney with his wife and young family.NAB issued a statement to the media yesterday to deny the report in the Sydney Morning Herald that the office of the CEO would be shifted from Melbourne to the NAB office in George St, Sydney.Clyne has decided to commute from Sydney to Melbourne on a weekly basis. He plans to fly to Melbourne on Monday mornings and return to Sydney on Thursday evenings and work out of the Sydney office on Fridays.Clyne has an apartment in Melbourne where he resides during the week while working out of the Melbourne office.The operational functions that support the CEO such as company secretary, general counsel, human resources, group corporate affairs and the bulk of the NAB executive team will remain where they have always been in Melbourne.Some years ago NAB shifted the location of its head of retail banking and business and private banking to Sydney from Melbourne to suit the preferences of two senior executives, Andrew Thorburn and George Frazis. Thorburn has been promoted to chief executive Bank of New Zealand while Frazis is now running Westpac's business in New Zealand.Business Spectator