It comes a week after RBS’s last board meeting, where the selection process – led by its chairman Howard Davies – would have been discussed. Once confirmed, the decision means the bank, which is partly state-owned, will have installed two women in its most powerful executive positions this year. Katie Murray was made finance chief in January. None of RBS’s main rivals, including Barclays, HSBC and Lloyds Banking Group, has ever appointed a woman in any of the top three boardroom positions in the male-dominated industry.
However, the board of Santander’s UK division is chaired by Shriti Vadera. Our next CEO will be confirmed in due course, once an appointment has been made. Rose’s career at RBS began in the early 1990s, and her rapid ascent through its ranks finally landed her the job as McEwan’s deputy chief at the lender’s ring-fenced bank, NatWest Holdings, in December. That was on top of her existing duties as chief executive of its private and commercial banking business, where she oversaw projects such as the development of Mettle, its first digital-only bank for small and medium-sized businesses.
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