People Moves: RBS to become first major British bank led by a woman
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Royal Bank of Scotland is set to name Alison Rose as its next chief executive, making her the first woman to lead one of Britain’s major lenders.
Rose, who has worked at RBS for 25 years, has long been the City’s favourite to succeed Ross McEwan, with rumours that she was in the running predating his resignation in April.
Her appointment is being considered by City regulators, including the Bank of England’s Prudential Regulation Authority, and is expected to be announced in the coming weeks, according to Sky News. 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.
Source: Financial News
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