financial services

RBS looking for new CEO

Posted 7/30/13

LONDON – The Royal Bank of Scotland, parent company of Providence-based RBS Citizens Financial Group, has begun the process of looking for a new chief executive to replace Stephen Hester, who was pressured to step down last month, according to an article by Patrick Jenkins and Sharlene Goff in the Financial Times.

One of the possible candidates to head RBS is outgoing finance director Bruce Van Saun, “if he can be persuaded to remain in the U.K.,” according to the article.

The Royal Bank of Scotland announced in May that Van Saun would become RBS Citizens Financial Group Chairman and CEO on Oct. 1, to replace Ellen Alemany, who will retire at that time.

Van Saun’s appointment had been expected ahead of RBS Citizens Financial Group’s planned partial IPO in 2015.

Whoever is appointed, the new RBS chief executive “…will face immediate challenges, with uncertainty having over RBS’s future and growing signs of government meddling in the running of the bank, which is 82 percent owned by taxpayers,” the Financial Times report said.

Providence-based RBS Citizens Financial Group, Inc. employs 5,400 in Rhode Island.

PBN Hosted

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News