Edition:
United Kingdom

Royal Bank of Scotland Group PLC (RBS.L)

RBS.L on London Stock Exchange

265.00GBp
20 Mar 2019
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Summary

Name Age Since Current Position

Howard Davies

67 2015 Non-Executive Chairman of the Board

Ross McEwan

60 2013 Chief Executive, Executive Director

Katie Murray

2019 Chief Financial Officer, Executive Director

Chris Marks

2016 Chief Executive Officer - NatWest Markets

Les Matheson

57 2014 Chief Executive Officer - Personal & Business Banking

Andrew McLaughlin

2018 Chief Executive Officer - RBS International

Alison Rose

48 2018 Deputy Chief Executive Officer - NatWest Holdings and Chief Executive Officer - Commercial & Private Banking

Mark Bailie

2016 Chief Operating Officer

Helen Cook

2017 Chief Human Resource Officer

Simon McNamara

57 2013 Group Chief Administrative Officer

David Wheldon

2015 Chief Marketing Officer

Bruce Fletcher

58 2018 Chief Risk Officer

Aileen Taylor

44 2010 Chief Governance Officer, Board Counsel and Company Secretary

Vanessa Bailey

2018 Ring-Fenced Bank Chief Risk Office

Frank Dangeard

60 2016 Non-Executive Independent Director

Alison Davis

56 2011 Non-Executive Independent Director

Patrick Flynn

59 2018 Non-Executive Independent Director

Morten Friis

64 2014 Non-Executive Independent Director

Robert Gillespie

62 2013 Independent Non-Executive Director

Brendan Nelson

68 2010 Independent Non-Executive Director

Sheila Noakes

69 2011 Independent Non-Executive Director

Mike Rogers

53 2016 Independent Non-Executive Director

Mark Seligman

2018 Senior Non-Executive Independent Director

Lena Wilson

2018 Non-Executive Independent Director

Matthew Waymark

2017 Head of Investor Relations

Biographies

Name Description

Howard Davies

Sir Howard John Davies is Non-Executive Chairman of the Board of The Royal Bank of Scotland Group PLC., effective 1 September 2015. Howard was chair of the UK Airports Commission between 2012 and 2015; Director of the London School of Economics and Political Science from 2003 until May 2011; Chairman of the UK Financial Services Authority from 1997 to 2003; and Deputy Governor of the Bank of England from 1995 to 1997. He is also Professor of Practice at the Paris Institute of Political Science (Sciences Po) and author of several books on financial subjects. Independent director of Prudential plc and chair of the Risk Committee; Member of the Regulatory and Compliance Advisory Board of Millennium Management LLC; Chair of the International Advisory Council of the China Securities Regulatory Commission; and Member of the International Advisory Council of the China Banking Regulatory Commission.

Ross McEwan

Mr. Ross Maxwell McEwan is Chief Executive, Executive Director of Royal Bank of Scotland Group PLC., since October 1, 2013. Ross has more than 25 years experience in the finance, insurance and investment industries. He became Chief Executive of The Royal Bank of Scotland Group in October 2013 and between August 2012 and September 2013, was Chief Executive Officer for UK Retail, joining from Commonwealth Bank of Australia where he was Group Executive for Retail Banking Services for five years. Prior to this, Ross was Executive General Manager with responsibility for the branch network, contact centres and third party mortgage brokers. Prior to Commonwealth Bank of Australia, he was Managing Director of First NZ Capital Securities. He was also Chief Executive of National Mutual Life Association of Australasia Ltd/AXA New Zealand Ltd.

Katie Murray

Ms. Katie Murray is Chief Financial Officer, Executive Director of the Company with effect from 1 January 2019. Katie joined RBS as Director of Finance in November 2015 and was appointed as Deputy Chief Financial Officer in March 2017. Katie has worked in Finance and Accounting for nearly 30 years with experience in capital management, investor relations, financial planning and all areas of financial services. Katie was previously the Group Finance Director for Old Mutual Emerging Markets, based in Johannesburg from 2011 to 2015, having held various roles in Old Mutual from 2002. Prior to this Katie worked at KPMG for 13 years. Katie is a Chartered Accountant having trained in Scotland and is a member of The Institute of Chartered Accountants of Scotland.

Chris Marks

Mr. Chris Marks is Chief Executive Officer - NatWest Markets of the Company. Chris joined the Executive Committee of RBS in April 2015. He was appointed CEO of Corporate & Institutional Banking in February 2015 overseeing its refocus to be a smaller, safer business. NatWest Markets provides financing and risk management to large corporates and financial institution customers in the UK and Western Europe and supports them with a global trading and distribution platform. Chris has been with RBS since 2010, when he joined Non-Core as Head of Markets and Co-Head of Non-Core Solutions. He oversaw large transactions including the de-risking of the exotic credit trading book, the removal of the majority of RBS’s primary monoline exposure and the sale of multiple corporate banking portfolios. Chris was then appointed Co-CEO of RBS Capital Resolution (RCR). RCR successfully ran down RBS’s most risky and capital intensive assets. Prior to RBS, Chris was a managing director at Barclays Capital and also held roles at Kensington Group, Greenwich NatWest and Coopers & Lybrand.

Les Matheson

Mr. Les Matheson is Chief Executive Officer - Personal & Business Banking of the Company. He joined RBS in January 2010 as Managing Director of Products, assuming additional responsibility for Marketing in October 2011. Before joining RBS, Les was Group Executive for Retail at St George Bank, part of the Westpac Group of companies. He also spent 11 years with Citigroup, as CEO, Citibank Australia and Citigroup County Officer for Australia, sitting on the Citigroup Global Management Committee. Les began his career with Procter & Gamble in Brand Management in the UK and has worked for a number of consumer marketing companies. He is a member of the Board of Visa Europe and the Edinburgh University Court. During the course of his career he has lived and worked in the UK, Switzerland, Argentina, Japan, Singapore, Australia and Belgium.

Andrew McLaughlin

Dr. Andrew McLaughlin is Chief Executive Officer - RBS International of the Company. He was formerly Director, Communications and Chief Economist for RBS. Before joining the bank, he spent three years in corporate finance advisory working with Ernst and Young. Andrew holds a first class honours degree in Economics and Politics. His 1993 doctoral thesis won the prestigious Walter Bagehot prize for best UK dissertation. Andrew spent several years working in academia before beginning his commercial career. He published a book on the automobile industry in 1998. Andrew has held a number of advisory and non executive positions during his career including with the Prince’s Trust, CBI, Universities of Oxford and Nottingham and the States of Guernsey. Andrew was previously a regular commentator in UK print and broadcast media and also a columnist in China Daily.

Alison Rose

Ms. Alison Rose is Deputy Chief Executive Officer - NatWest Holdings and Chief Executive Officer - Commercial & Private Banking of the Company. lison Rose is the Chief Executive of the Royal Bank of Scotland’s Corporate, Commercial & Private Banking business and joined the Coutts Board on 1 October 2015. She is a member of the RBS Executive Committee, leading over 16,000 people and accountable for market-leading brands such as Coutts and Lombard. She has worked at RBS for over 20 years. Prior to her current role, she was Head of Europe, Middle East and Africa, Markets & International Banking. Previous roles with RBS also include Head of EMEA Corporate Coverage & Client Management, Head of Non–investment Grade Origination and Head of Leveraged Finance for the UK and Europe. Previously shortlisted for the 'most influential woman in investment banking' award by Financial News, Alison is a passionate supporter of diversity and is executive sponsor for the bank’s employee-led networks. She also champions RBS’s partnership with Entrepreneurial Spark, an innovative initiative that is supporting start-up businesses across the UK.

Mark Bailie

Mr. Mark Bailie is Chief Operating Officer of the Company. In 2010 Mark returned to RBS as Head of Non-Core Solutions, where he led a number of key transactions such as the disposal of RBS Aviation Capital $7.3bn and Isobel Real Estate Fund with Blackstone £1.3bn. Mark then worked with HMT on the bad bank review which led to the creation of RBS Capital Resolution (RCR) and his subsequent appointment as Co-CEO RCR. In February 2015 Mark was appointed CEO of Capital Resolution, then joined the Executive Committee of RBS. By the end of that year, RCR had successfully run down c£34bn of RBS's higher risk and capital intensive assets, meeting the PRA target of an 85% asset reduction, a year ahead of plan. In April 2016 Mark was appointed Chief Operating Officer holding responsibility for operations, payments business, shared services, bankwide simplification and the controls across bankwide services. He retains responsibility for concluding the run-down of non-core assets in Capital Resolution. Before re-joining RBS, Mark was Head of Barclays Capital’s Principal Investments unit, leading transactions in the UK, US and South Africa. Mark joined BarCap from RBS Equity Finance where he led investments such as Canary Wharf and Towergate. Mark is a qualified chartered accountant and worked in PwC Corporate Finance and Cooper & Lybrand audit before RBS Equity Finance.

Helen Cook

Ms. Helen Cook is Chief Human Resource Officer of the Company. With over 23 years’ experience in Financial Services, Helen’s career spans specialist HR roles in reward, resourcing & shared services as well as business facing roles in Retail, Corporate & Investment Banking (Corporate Finance, Trading, Asset Management). On leaving University Helen worked for a humanitarian organisation in the former Yugoslavia before joining Morgan Grenfell (later Deutsche Bank) on a Graduate programme. During her 6 years at Deutsche Bank she fulfilled a number of roles in the UK, France, US and Germany before moving to Morgan Stanley where she worked in Sales Trading and Research for the EMEA region. Helen joined RBS in 2001 as HR Director for Group Functions and over the past 15 years has held a number of senior positions across the Bank including HR Director for Retail Direct & Head of HR for UK Retail Banking, Head of OE for RWU, HR Director Corporate Banking, HR Director Commercial & Private Banking and more recently HR Director for Corporate and Institutional Banking where she oversaw a substantial restructuring of the business, reducing CIB’s geographical footprint from 38 to 4 Countries. In early 2016 Helen took up her current role and has responsibility for Reward, Culture, Organisation Design, Talent, Inclusion, Senior Recruitment and People Strategy & Insight. A Bachelor of Education (Hons) specialising in Geography from Cambridge University, Helen is also a member of the Chartered Institute of Personnel and Development.

Simon McNamara

Mr. Simon McNamara is Group Chief Administrative Officer of RBS Group. Prior to joining RBS Simon was Chief Information Officer (CIO) of Standard Chartered Bank Consumer Bank in August 2008 based in Singapore. Simon was responsible for developing and implementing the Group Technology and Operations strategy which supports the Consumer Bank’s strategy. Simon has held a number of senior Information Technology and Operations positions in the global financial services industry; Westpac Banking Corporation in Sydney (CIO), Deutsche Bank, BNP Paribas, and Midland Bank. He was also a founding partner in a successful software start-up company, CATS INC, in Silicon Valley. Simon holds a Bachelor of Science (Hons) in Economics and Statistics from University College Swansea and a Post Graduate Diploma in Computer Science from the University of Hertfordshire. He has also completed the Executive Programme at Stanford University.

David Wheldon

Mr. David Wheldon is Chief Marketing Officer of the Company. avid’s career started at Saatchi & Saatchi as a graduate trainee, progressing through the agency world as Managing Partner at WCRS and then MD of Lowe Howard-Spink in London. Moving to Atlanta he worked for the Coca-Cola Company as Global Director and VP of Advertising, before returning agency-side as President of BBDO Europe, and then as a main board director and CEO of Tempus Partners. Following WPP’s purchase of Tempus, David set up Team Vodafone for the group. In 2004 he joined Vodafone as Global Director of Brand and Marketing Communications, progressing to become Global Brand Director in 2005 and CEO of VIML (Vodafone Ireland Marketing LTD) in 2008 based in Dublin. Returning to London, David joined Barclays in 2012 as MD of Brand, Reputation and Citizenship. He is currently Chief Marketing Officer of RBS, a position he took up in July 2015. David is also the President of the WFA, ex-Chair and council member of the MGGB, and a fellow of the Marketing Society.

Bruce Fletcher

Mr. Bruce A. Fletcher is Chief Risk Officer of the Company. He is a member of the Group Executive Committee, and attends and chairs a number of the Group’s governance fora. Bruce is responsible for leading the Risk function for the RBS Group, defining and overseeing the risk, conduct, compliance and financial crime strategies for the Group, and encompassing policy, governance, frameworks, analysis and insights. Over a 35 year career Bruce has worked for global full service banks in the UK and USA, including HSBC, Citibank, and Irving Trust. Before joining RBS he was a Group General Manager at HSBC, where he served as the Chief Risk Officer for the Global Retail Banking and Wealth Management Business; he previously served as their Chief Risk Officer for Europe and the UK. Before joining HSBC in 2005, he spent 17 years at Citibank, where he served as a Senior Credit Officer and Managing Director in the Group Risk Office in New York, overseeing a global suite of loan portfolios.

Aileen Taylor

Ms. Aileen Taylor is Chief Governance Officer, Board Counsel and Company Secretary of Royal Bank of Scotland Group Plc., since May 1, 2010. qualified solicitor, Aileen joined RBS in 2000. She was appointed Group Secretary in 2010 and extended her remit further in 2015, becoming Chief Governance Officer and Board Counsel. In 2017 she also assumed responsibility for Regulatory Affairs. Prior to that Aileen held various legal, secretariat and risk roles including Head of External Risk (Retail), Head of Regulatory Risk (Retail Direct) and Head of Legal and Compliance (Direct Line Financial Services). Aileen is a fellow of the Chartered Institute of Bankers in Scotland and a member of the European Corporate Governance Council and the GC 100. She is also a member of the FCA’s Listing Authority Advisory Panel.

Vanessa Bailey

Ms. Vanessa Bailey is Ring-Fenced Bank Chief Risk Office of the Company. Prior to this she was the Interim CRO for NatWest Markets, RBS’s investment bank, responsible for providing oversight of NatWest Markets risk exposures across all disciplines as well as conduct advisory and compliance. Vanessa was also the Group Chief Credit Officer, focused on ensuring that risk-taking had the right balance between meeting customer needs while underpinning the Bank’s credit safety. Vanessa has a wealth of experience from more than 30 years of working in risk in both Europe and Asia. She has worked not only for RBS but also a number of other leading financial institutions in various senior capacities including Regional Chief Credit Officer and Regional Chief Risk Officer. These institutions included Credit Suisse, UBS and Westpac Banking Corporation.

Frank Dangeard

Mr. Frank E. Dangeard is Non-Executive Independent Director of the Company. Frank assumed the role of Chairman, NatWest Markets Plc on 30 April 2018. Previously, Frank served as a nonexecutive director of Crédit Agricole CIB, EDF, Home Credit, Orange, Sonaecom SGPS, and as Deputy Chairman and acting Chairman of Telenor ASA. During his executive career he held various roles at Thomson S.A., including Chairman and Chief Executive Officer, and was Deputy Chief Executive Officer of France Telecom. Prior to that he was Chairman of SG Warburg France and Managing Director of SG Warburg. Frank is a graduate of HEC and IEP in Paris and of the Harvard Law School in the US. Non-executive director of the Symantec Corporation and Arqiva.

Alison Davis

Ms. Alison Davis is an Non-Executive Independent Director of Royal Bank of Scotland Group PLC. Previously, Alison served as a director of City National Bank, First Data Corporation, Xoom, Presidio Bank and Diamond foods, and as a non-executive director and chair of the board of LECG Corporation. She has also worked at McKinsey & Company; AT Kearney; as Chief Financial Officer at Barclays Global Investors (now BlackRock); and as managing partner of Belvedere Capital, a private equity firm focused on buy-outs in the financial services sector. Alison is a graduate of Cambridge University and Stanford Business School. Non-executive director, and member of the audit committee of Fiserv Inc; and non-executive director and chair of the audit committee of Ooma Inc.

Patrick Flynn

Mr. Patrick G. Flynn has been appointed as Non-Executive Independent Director of the Company. Patrick Flynn was the Chief Financial Officer and a member of the Executive Board of ING Group (Netherlands' largest financial services group) from April 2009 to May 2017. He was responsible for ING's financial strategy, including internal and external reporting, budgeting, procurement, forecasting, capital management, investments/acquisitions and divestments, tax management, investor relations and business performance reporting and analysis. Prior to that, from 2002 to 2007, Patrick was Chief Financial Officer of HSBC South America based in Brazil where he was responsible for HSBC's banking and insurance operations. He was then Chief Financial Officer of HSBC Insurance from 2007 to 2009. Patrick is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants Ireland, and a member of the Association of Corporate Treasurers in the UK. He has served as a non-executive director on the boards of two listed former ING subsidiary entities, Voya Financial Inc (US), and of NN Group NV (Netherlands), to which he oversaw the preparation and completion of IPO's and their admission on to the New York and Amsterdam stock exchanges along with their full divestment from the ING Group. He was also the chairman of the audit committee of NN Group NV subsequent to its IPO.

Morten Friis

Mr. Morten N. Friis is an Non-Executive Independent Director of the Company, since April 10, 2014. Previously, Morten had a 34 year financial services career. He held various roles at Royal Bank of Canada and its subsidiaries including Associate Director at Orion Royal Bank; Vice President, Business Banking; and Vice President, Financial Institutions. In 1997, he was appointed as Senior Vice President, Group Risk Management and served as the Chief Credit Officer, then Chief Risk Officer, from 2004 to 2014. He was also previously a Director of RBC Bank (USA); Westbury Life Insurance Company; RBC Life Insurance Company; and RBC Dexia Investor Services Trust Company. Member of the Board of Directors of The Canadian Institute for Advanced Research; member of the Board of Directors of the Harvard Business School Club of Toronto; and non-executive director of Jackson National Life Insurance Company.

Robert Gillespie

Mr. Robert Andrew Joseph Gillespie is an Independent Non-Executive Director of the Company. Robert had a long career in investment banking, specialising in corporate advisory work. He was Director General of the Takeover Panel from 2010 until 2013 and prior to that held a number of senior management positions at UBS including being global head of investment banking from 1999 until 2005, chief executive of UBS for EMEA from 2004 to 06 and Vice Chairman of UBS Investment Bank from 2005 to 2008. He commenced his career at Price Waterhouse where he qualified as a Chartered Accountant and in 1981 joined S.G. Warburg which subsequently became part of UBS. Independent board director at Ashurst LLP; chairman of the Boat Race Company Limited; director of Social Finance Limited; and professor of practice, Durham University Business School

Brendan Nelson

Mr. Brendan R. Nelson is no longer Independent Non-Executive Director of Royal Bank of Scotland Group Plc., effective May 2019. Brendan was global Chairman, financial services for KPMG. He previously held senior leadership roles within KPMG including as a member of the KPMG UK board from 1999 to 2006 and as vice-Chairman from 2006 until his retirement in 2010. He was Chairman of the Audit Committee of the Institute of Chartered Accountants of Scotland from 2005 to 2008. President of the Institute of Chartered Accountants of Scotland 2013/14. He served as Non-executive director and Chairman of the audit committee and member of the remuneration and chairman’s committees of BP plc, Member of the Financial Reporting Review Panel.

Sheila Noakes

Brnss. Sheila Noakes is an Independent Non-Executive Director of Royal Bank of Scotland Group Plc., Baroness Noakes is an experienced director on UK listed company boards with extensive and varied political and public sector experience. A qualified chartered accountant, she previously headed KPMG’s European and International Government practices and has been President of the Institute of Chartered Accountants in England and Wales. She was appointed to the House of Lords in 2000 and has served on the Conservative front bench in various roles including as shadow Treasury minister between 2003 and May 2010. Baroness Noakes previously held non-executive roles on the Court of the Bank of England, Hanson, ICI, Severn Trent, Carpetright, John Laing and SThree. External appointments: Member of the House of Lords Select Committee on the European Union and its sub-committee on the internal market.

Mike Rogers

Mr. Mike Rogers is an Independent Non-Executive Director of the Company. Mike was previously Chief Executive of Liverpool Victoria Group for 10 years. Mike has extensive experience in retail banking and financial services. He joined Barclays in 1986 where he undertook a variety of roles in the UK and overseas across business banking, wealth management and retail banking and was Managing Director of Small Business, Premier Banking and UK Retail Banking. Non-executive Chairman of Aegon UK; Director of Experian plc; and Chairman of its Remuneration Committee.

Mark Seligman

Mr. Mark Seligman has been appointed as Senior Non-Executive Independent Director of the Company. Mark, is a former senior investment banker with broad financial services knowledge, has substantial FTSE 100 Board experience gained in various industry sectors, including as a Committee Chair and Senior Independent Director. During his executive career, he held various senior roles at Credit Suisse/BZW (including Deputy Chairman, CSFB Europe and Chairman, UK Investment Banking, CSFB); and previously SG Warburg (ultimately as Managing Director, Head of Advisory). He has also previously served as a non-executive Director of BG Group plc and as Deputy Chairman of G4S plc. Senior Independent Director of Kingfisher plc and non-Executive Director and Chairman of the audit committee of Smiths Group plc.

Lena Wilson

Dr. Lena C. Wilson, CBE, is Non-Executive Independent Director of the Company. Lena is an experienced CEO with an international career, who spent a significant proportion of her executive career with Scottish Enterprise, latterly as Chief Executive from 2009 until 2017. Prior to that, Lena held the role of Senior Investment Advisor to The World Bank in Washington DC. She is a visiting Professor at the University of Strathclyde and has previously served as a member of Scotland's Financial Services Advisory Board and as Chair of Scotland's Energy Jobs Taskforce. In June 2015 she received a CBE for services to economic development in Scotland. Lena is Chair of the Colleague Advisory Panel established by RBS during 2018. Non-Executive Director of Intertek Group plc and member of its audit and nomination committees, and non- Executive Director of Scottish Power Renewables Limited. Visiting Professor, University of Strathclyde Business School. Advisory Board member of MCR Pathways.

Matthew Waymark

Mr. Matthew Waymark is Head of Investor Relations of the Company. He joined RBS in Edinburgh in 2003 and has held a number of positions across the finance function, including Head of Financial Planning & Analysis from 2015. In March 2017, Matt joined the Investor Relations team as Head of Investor Relations. Prior to joining RBS, Matt graduated from the London School of Economics, trained as a Chartered Accountant with Deloitte and worked for Johnson Matthey Plc in London.