20th Sep 2019 07:55
(Alliance News) - Royal Bank of Scotland Group PLC on Friday said Alison Rose will succeed Ross McEwan as chief executive officer. McEwan will formally step down on October 31.
RBS - which is majority-owned by the UK government - announced McEwan's departure in April. He will be joining National Australia Bank Ltd when his notice is finished.
Rose - who will be the bank's first female boss - is currently deputy chief executive of Natwest Holdings, RBS's ring-fenced holding company. She will also be appointed as CEO on the boards of NatWest Holdings Ltd, The Royal Bank of Scotland PLC, National Westminster Bank PLC and Ulster Bank Ltd.
Her selection as RBS group chief executive was widely expected.
"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," said Chair Howard Davies.
"I am delighted that we have appointed Alison as our new CEO," continued Davies. "Following a rigorous internal and external process, I am confident that we have appointed the best person for the job."
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