Appointment would make Rose first woman to head major UK bank. The state-owned Royal Bank of Scotland has reportedly selected Alison Rose as its next chief executive, which would make her the first woman to head a major UK bank. RBS is expected to name Rose as Ross McEwan’s successor in the coming weeks and regulators are understood to be considering the bank’s application to appoint her, according to Sky News. None of RBS’s main rivals, including Barclays, HSBC and Lloyds Banking Group, have ever appointed a woman for any of the top three boardroom positions in the male-dominated industry.
Rose was promoted to the role of deputy chief executive at NatWest Holdings last year, the “ring-fenced” part of RBS which excludes the riskier investment banking business. She was the only woman in the boardroom when she attended her first meeting as a senior RBS executive. Having travelled extensively as a child with her militaryfamily, Rose settled back in England aged 15. She initially wanted to become a diplomat but joined National Westminster Bank as a trainee in 1992 after graduating with a history degree from Durham University.
RBS, which is 62% owned by the taxpayer after its £45.5bn government bailout during the 2008 financial crisis, also has a female finance chief, Katie Murray, who was appointed late last year. Our next CEO will be confirmed in due course, once an appointment has been made. Earlier this week, McEwan endorsed the view of Mark Carney, the Bank of England governor, that a no-deal Brexit would render a “substantial number” of businesses no longer economically viable.
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