The Asian Banker

RBS appoints Ross McEwan as new chief executive
Aug 05, 2013

The Royal Bank of Scotland Group plc (RBS) announces today that Ross McEwan has been appointed as a Director and Group Chief Executive with effect from 1 October 2013. Mr McEwan joined RBS as the UK Retail CEO in September 2012.

Philip Hampton, RBS Chairman said: "With his extensive experience in banking and the leadership that he has shown in his time at RBS, Ross will be a great Chief Executive for the Group. Ross has already become a champion for customers in our business and will continue that role as CEO.

"This is a job that is among the most important and challenging in the business world, and Ross has shown that he has the drive and capability to take it on. I conducted an international search for this position so our internal candidates could be benchmarked against the very best in the market. Ross was the strongest candidate and I am delighted he has been appointed.

"Five years on from its rescue, RBS is now a safe and strong bank - our focus is now on building a really good bank for our customers and shareholders, returning the bank to private ownership, and playing our full part in supporting the UK economy.

"The Board and I very much look forward to the fresh perspective Ross will bring to achieving these goals. I would like to thank Stephen Hester for his dedication to RBS and congratulate him on his success in turning this bank around."

Ross McEwan said: "We are a bank that millions of British families have entrusted with their finances. We support more companies - from the very smallest to the very biggest - than any other bank in the UK. Our international business helps customers access global markets and export goods and services around the world. It will be a privilege to lead a bank that matters to so many and I thank the Board for their confidence in me.

"Stephen Hester and all of our employees have done a remarkable job in saving this Bank. And now five years on we are ready to focus on the future. I look forward to leading RBS as it plays its full role in supporting our customers. We have a lot of work ahead of us and I'm very much looking forward to getting started."

Stephen Hester, RBS CEO said: "Ross has an outstanding track record and I congratulate him on being appointed RBS Chief Executive. He is a person of integrity who has been a valued colleague over the past year. I have enjoyed working with him and am pleased to be leaving RBS in the hands of a leader so focused on the needs of our customers."


Re-disseminated by The Asian Banker

Categories: Retail Banking
Keywords: RBS, Ross McEwan

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