RBS insider emerges in pole position to succeed Stephen Hester


Who's the man ?

Ross McEwan, the Royal Bank of Scotland’s retail banking head, is in pole position to be named as CEO of the bank.

The Telegraph reports that it is believed his name will this week be put forward to a four-stage process which could see him anointed as early as this week.

The process requires approval from the RBS board, chaired by Sir Philip Hampton, UK Financial Investments, which manages the UK Government’s 81% stake in the bank, and both the Prudential Regulatory Authority and the Financial Conduct Authority.

If his candidacy is approved by all four, he will be named as Hester’s replacement.

At the earliest, an announcement could come alongside RBS’s half-year results on Friday.

Hit the link below to access the complete Telegraph article:

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