Addressing the future performance of the group.
Bloomberg News reports that Winters, 53, who took over from Peter Sands last month, appointed a new 13-member management team reporting directly to him, while taking over responsibility for all three of the firm’s main divisions from Rees in October, the bank said in a statement on Sunday.
The team will develop a plan by year-end 'to address the future performance of the group', it said.
'The group needs to kick-start performance, reduce its cost base and bureaucracy, improve accountability and speed up decision making', Winters said. 'I am working with a talented and experienced management team to create a bank that delivers strong returns and sustainable profitability'.
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