RBS Appoints Alison Rose as CEO Officer and Executive Director
20 September 2019 - 04:46PM
Dow Jones News
By Oliver Griffin
Royal Bank of Scotland Group PLC (RBS.LN) on Friday said it has
appointed Alison Rose as CEO and that she will take over the role
at the start of November.
The majority state-owned U.K. lender said that Ms. Rose, who is
currently the deputy chief executive of Natwest Holdings and CEO of
RBS's Commercial and Private Banking, will also be appointed as an
executive director and will take over after Ross McEwan steps down
on Oct. 31.
Ms. Rose will also be appointed as executive director and CEO of
NatWest Holdings Ltd, The Royal Bank of Scotland PLC, National
Westminster Bank PLC and Ulster Bank Ltd., the company said.
RBS said Ms. Rose's base salary will be 1.1 million pounds ($1.4
million) a year, which will be accompanied by a fixed share
allowance set at 100% of salary and standard benefit funding of
GBP26,250 a year. Under the RBS's long-term incentive awards, Ms.
Rose can earn a maximum award of 175% of salary, paid in shares,
the bank said.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
September 20, 2019 02:31 ET (06:31 GMT)
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