Nov 14, 2018
RBS signals leading internal candidate to succeed CEO
Royal Bank of Scotland has appointed Alison Rose as deputy head of the ringfenced bank that accounts for the vast majority of its business, signalling her position as the leading internal candidate to succeed group chief executive Ross McEwan. Ms Rose will from next month become deputy chief executive and director of NatWest Holdings, the newly-formed legal entity that owns RBS, Ulster Bank, NatWest and Coutts. Incumbent chief Mr McEwan has signalled his desire to lead the bank until at least 2020, but people familiar with his thinking say he is keen to give potential successors opportunities to develop more experience with leadership roles in different parts of the business. Mr McEwan said: "Alison has been doing a fantastic job leading our commercial and private banking division and cementing our position as the UK's biggest and best bank for business. Alison's commitment and focus on our customers will also be a strong addition to board discussions and decision-making and this appointment is a reflection of that." RBS has since sold off the majority of its international and non-retail activities with a much smaller non-ringfenced unit containing only its small Amsterdam-based NatWest Markets business, along with its Jersey-based offshore bank.
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