Royal Bank of Scotland (RBS) has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.
McEwan has been chief executive of the bank's UK retail arm since 2012, joining the business from Commonwealth Bank of Australia where he spent five years as group executive for retail banking services. He has worked in the insurance and investment industries both in Australia and New Zealand for more than 25 years. He becomes CEO on 1 October. Hester was appointed to the top job in 2010, tasked with turning around the fortunes of the bailed-out lender. He steered the business a significant way towards reprivatisation as was seen as a 'safe pair of hands' by many in the City. Ph...
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