The new senior hire will mastermind the bank’s strategy and its transformation agenda to create value.
The identity of the candidate, who has already been identified, is not known, but is thought to be someone McFarlane has previously worked alongside.
The new senior hire – who is unlikely to join the bank’s board but will sit on its executive committee – will mastermind the bank’s strategy and its transformation agenda to create value.
McFarlane is known to have told friends that he believes the bank is inefficient, and that waiting for a new chief executive to solve that problem is not an option.
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