RBS becomes the first Big Four UK bank to be led by a woman, with Alison Rose to take over the reins from departing CEO Ross McEwan the day after Brexit, Alison Rose is tipped for the top job at RBS in what could be a landmark appointment for women in banking (Credit: RBS). First published on Fri 14 Feb 2020 03.16 EST.

New chief executive sets out strategy at bank bailed out by the government in 2008, Fri 14 Feb 2020 07.51 EST 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. RBS’s third quarter results last week highlighted the challenges Rose faces, including tackling poor trading at its minnow investment bank NatWest Markets, which shareholders are pressing to be further cut back. Also available in French and Mandarin.

We have recently upgraded our technology platform. She added: “Shared success also means playing our part to help tackle the problems that can hold the country back, like the threat from climate change, a lack of financial confidence and barriers to enterprise and growth. RBS has confirmed that Alison Rose will assume the role of chief executive from November. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Alison Rose has been appointed as the new chief executive of the Royal Bank of Scotland (RBS) — becoming the first female boss of a Big Four bank in the UK. The current deputy CEO of NatWest Holdings — a division of RBS — will take on the role from 1 November. Despite ditching the Scottish name, the chairman, Howard Davies, said the bank’s headquarters would remain in Edinburgh.

RBS issued a warning, however, that it was “very unlikely” to hit next year’s profit targets, given the uncertainty and upheaval caused by Brexit and other global economic challenges. Royal Bank of Scotland’s new CEO Alison Rose told staff on her first day in the role that she plans to simplify the lender, suggesting further restructuring of the group may be imminent.

RBS has already been radically downsized since its near-collapse in the financial crisis forced a £45 billion taxpayer bailout. I'm a print subscriber, link to my account, Avoid the use of toxic and offensive language. RBS remains 62.4% publicly-owned, following a £46bn government bailout agreement at the height of the 2008 financial crisis. “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. “We have delivered our largest half year profit in more than a decade and have announced a further £1.7bn ($2.1bn) in dividends to shareholders, of which more than £1bn ($1.2bn) will go directly to the UK taxpayer. forging a path up the corporate steps over the course of a 25-year career. United Kingdom. CBI Conference Series: International Trade, Transform the journey: better commutes for all, Make the UK the best place to start and grow a business, Progressive business rates that work for everyone.

Outgoing CEO McEwan, who is now poised to become CEO of National Australia Bank, said: “This is a solid set of results in challenging market conditions. She grew up overseas in a military family. RBS Chairman Howard Davies said: This is a space where subscribers can engage with each other and Globe staff. Within RBS, Rose oversees an accelerator programme for entrepreneurs — with 50% of the participants being female — as well as the bank’s Women in Business programme, which runs a support network helping female business leaders achieve success. 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.” There are no other matters to disclose under Listing Rule 9.6.13.

Prior to her current role Alison was Deputy CEO of NatWest Holdings and CEO of the Commercial and Private Banking business. “Following a rigorous internal and external process, I am confident that we have appointed the best person for the job.”. This is the third consecutive year of profit for RBS since its bailout in 2008. The lender said it was ditching the 293-year-old RBS company name, saying it was the right time to make a change at the parent company and reflect that NatWest is its biggest brand.

Click here to subscribe. Alison will also be appointed as Executive Director and CEO on the Boards of NatWest Holdings Limited, The Royal Bank of Scotland plc, National Westminster Bank Plc and Ulster Bank Limited.

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