Royal Bank of Scotland plc is searching for a new chief executive after Ross McE...
LONDON - Royal Bank of Scotland plc is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.
It is the second change in RBS’s senior executive team in fewer than six months following the appointment of Katie Murray as the bank’s chief financial officer in December last year. “After over five and a half very rewarding years, and with the bank in a much stronger financial position it is time for me to step down as CEO,” McEwan said in a statement.
Despite being one of the lowest in Britain’s banking sector, salary and bonus payments earned by the 61-year old have attracted considerable scrutiny, particularly in the years before RBS returned to profit.
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