Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

RBS fills last two slots on board

Source: Reuters - Fri 2th Oct 2009

Royal Bank of Scotland, the part-nationalised lender, Friday completed an overhaul of its board with the appointment of two non-executive directors.

Christmas Gift Lists

RBS has recruited Philip Scott, the outgoing finance director at insurer Aviva, and former Coca-Cola executive Penny Hughes, the bank said in a statement.

RBS, 70 percent state-owned after receiving a 20 billion pounds taxpayer-funded bailout last year, said the appointments fulfilled its pledge to the government to recruit three new independent directors.

The bank named Sandy Crombie, chief executive of insurer Standard Life, as a non-executive in May.

RBS said it had consulted UK Financial Investments (UKFI), the agency created to manage the government's banking stakes, about the appointment of Scott and Hughes.

Scott will lead the bank's new board-level risk committee and will start next month, while Hughes, who will sit on the remuneration committee, will join in January.

Comment on this Story

 
Be the first to comment on this Story !!