RBS finance chief’s exit gives CEO another headache

Royal Bank of Scotland (RBS.L) chief Ross McEwan faced a fresh management headache on Wednesday as the surprise departure of Finance Director Nathan Bostock created a senior vacancy as the group attempts to navigate through a period of upheaval. Bostock, 52, has quit to rejoin Spain’s Santander (SAN.MC) after just 10 weeks in the job, dealing a blow to McEwan’s efforts to turn around the state-owned lender and adding the appointment of a new CFO to his lengthy “to do” list. McEwan has endured a rocky start since taking up the role of RBS chief executive in October, undermining his attempts to create a new customer-focused culture. “The … departure is a major inconvenience,” one of RBS’s biggest 40 shareholders told Reuters.


Leave a Reply

Your email address will not be published.