Coutts CEO Peter Flavel steps down after Nigel Farage banking row

The boss of the private bank will be replaced by Mohammad Kamal Syed

Sahar Nazir
clock • 1 min read

Peter Flavel will step down as Coutts chief executive (CEO) with immediate effect.

The head of the private bank has resigned just less than 48 hours after the departure of his boss, NatWest CEO Alison Rose, after a growing row over former UKIP leader Nigel Farage's bank accounts. Flavel has led the private bank since 2016 and will be replaced by head of asset management Mohammad Kamal Syed in the interim. NatWest Group has been under fire after Rose admitted she had made a mistake in speaking to the BBC about Farage's relationship with Coutts. Flavel said: "In the handling of Farage's case we have fallen below the bank's high standards of personal service. As CEO...

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