RBS appoints Alison Rose as new CEO

Royal Bank of Scotland has appointed Alison Rose as executive director and chief executive officer.

Related topics:  Finance News
Rozi Jones
20th September 2019
RBS
"Our industry is facing a series of challenges; from the ongoing economic and political uncertainty to shifts in the behaviour and expectations of our customers"

Alison's appointment makes her the first woman to become CEO of one of the UK’s big four banks.

Alison, currently deputy CEO of NatWest Holdings and CEO of the RBS Group's commercial and private banking division, will replace current CEO Ross McEwan in November.

In September 2018, The Treasury Committee accused McEwan of withholding information relating to allegations of criminal activity within the bank. He announced his decision to resign from RBS in April 2019.

RBS chairman, Howard Davies, said: “I am delighted that we have appointed Alison as our new CEO. She brings extensive experience and a track record of success from her previous roles at the bank. Following a rigorous internal and external process, I am confident that we have appointed the best person for the job.

"I’d like to take this opportunity to thank Ross, on behalf of the Board, for his leadership and commitment during his time as CEO and wish him the very best for the future. Ross leaves a strong platform for his successor; a bank that has refocussed on its core markets in the UK and Ireland and resolved all its major legacy issues, while returning to profitability and paying dividends.”

Alison Rose said: “It is a huge honour to have been appointed as the new CEO of RBS and I am looking forward to getting started. As one of the oldest and most important financial institutions in the UK, we have a key role to play in supporting the economy and championing the potential that exists across the country.

“Under Ross’ leadership, RBS has undergone a significant transformation and, as part of his leadership team, I am extremely proud of all we have accomplished, and I would like to thank him for the support he has given me over the last six years. Maintaining the safety and soundness of this bank will continue to underpin everything we do, as will our commitment to our customers and to delivering steady returns for our shareholders.

“This is an exciting time as we enter a new chapter for this bank. Our industry is facing a series of challenges; from the ongoing economic and political uncertainty to shifts in the behaviour and expectations of our customers, driven by rapid advances in technology.

“It will be my priority to make sure we are ready to meet these challenges and build the best bank for families, businesses and communities. We will be driven with real purpose in our work to help achieve the goals and potential of our customers and be there for them at key moments in their lives.”

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