RBS chief executive McEwan to step down after five years

Bank looking for successor

Anna Fedorova
clock • 2 min read

Royal Bank of Scotland chief executive Ross McEwan is set to step down from his role after more than five years which saw him return the bank to profitability.

The news was announced in advance of the bank's annual general meeting in Edinburgh taking place today (Thursday 25 April), with the CEO set for a 12-month notice period until the bank finds a successor. The move was widely expected by the market, as the CEO has repeatedly said he would be staying with the bank until 2020. According to the FT, the favourite internal candidate for the role is head of the bank's commercial banking business Alison Rose, who became deputy head of the ringfenced firm that owns the majority of RBS businesses last November. If appointed, she would become ...

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