July 20, 2018 / 9:44 AM / 4 months ago

RBS hires HSBC's Fletcher as new chief risk officer

FILE PHOTO: A Royal Bank of Scotland branch in central London, Britain February 21, 2009. REUTERS/Luke MacGregor/File Photo

LONDON (Reuters) - Royal Bank of Scotland (RBS.L) has hired Bruce Fletcher as its new group chief risk officer, the lender said on Friday.

Fletcher will join from rival bank HSBC, where he was the risk officer for its retail banking and wealth management business, RBS said.

The move comes after HSBC last month hired RBS’s Ewen Stevenson as its new finance director.

Reporting By Lawrence White; editing by Emelia Sithole-Matarise

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