RBS chief executive McEwan to step down after five years

Bank looking for successor

Anna Fedorova
clock • 2 min read

Royal Bank of Scotland chief executive Ross McEwan is set to step down from his role after more than five years which saw him return the bank to profitability.

The news was announced in advance of the bank's annual general meeting in Edinburgh taking place today (Thursday 25 April), with the CEO set for a 12-month notice period until the bank finds a successor. The move was widely expected by the market, as the CEO has repeatedly said he would be staying with the bank until 2020. According to the FT, the favourite internal candidate for the role is head of the bank's commercial banking business Alison Rose, who became deputy head of the ringfenced firm that owns the majority of RBS businesses last November. If appointed, she would become ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Effectiveness of Labour's immediate CGT hike under question

Effectiveness of Labour's immediate CGT hike under question

Autumn Budget 2024

Jen Frost
clock 06 November 2024 • 3 min read
What to expect at the upcoming Autumn Budget

What to expect at the upcoming Autumn Budget

Round-up of potential reforms

Investment Week
clock 25 October 2024 • 1 min read
Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Urges for caution on tax changes

Jen Frost
clock 21 October 2024 • 2 min read
Trustpilot