RBS boss gets £1.5m of shares

Ross McEwan, CEO of the Royal Bank of Scotland, has been handed £1.5m of shares in the bank.

The Telegraph reports that McEwan, who took over the top job from Stephen Hester on October 1, was awarded the shares as part of a recruitment package linked to his arrival in the summer of 2012.

Before taking on the chief executive role, McEwan was the head of the bank’s retail division.

As part of his recruitment, RBS agreed to match shares McEwan forfeited upon leaving Commonwealth Bank of Australia, where he had run its retail arm for five years.

In a stock exchange announcement, RBS said that 454,106 shares had vested at a price of £3.402, worth £1.54m.

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RBS chief McEwan handed £1.5m of shares

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image: © Elliot Brown

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