Paul Thwaite confirmed as the bank’s new permanent CEO as it announces 20% rise in operating profit across group
Paul Thwaite confirmed as the bank’s new permanent CEO as it announces 20% rise in operating profit across group. All change at NatWest Group on Friday as it reported a record post-crash profit and announced a new chief executive. And, as part of that change, the British banking group’s discontinued Ulster Bank operation in the Republic found itself consigned to the fringes of its results release. Paul Thwaite becomes CEO on a permanent basis with immediate effect.
The former head of the bank’s commercial business had stepped into the role on an interim basis after Alison Rose was forced to step aside last year in the wake of a row over the debanking of Nigel Farage. And to Thwaite fell the welcome task of announcing an operating pretax profit of £6.2 billion (€7.25 billion) for last year, up 20 per cent on 2022 and the highest profit since the £9.9 billion the bank made just before the global financial crisis in 2007. However, after generating income of £1
Natwest Group CEO Profit Operating Profit Ulster Bank Paul Thwaite