RBS CEO Alison Rose Calls on Employees to Exceed 2020 Objectives; Rejigs Commercial and Private Banking

   By Sabela Ojea 
 

Royal Bank of Scotland Group PLC's (RBS.LN) Chief Executive Alison Rose on Friday called on employees to exceed the bank's objectives for the year ahead, and confirmed two appointments to the executive committee.

In a letter to employees on her first day in the role, Ms. Rose said she wants the bank to do its part on tackling the threat from climate change, a lack of financial confidence and barriers to enterprise and growth.

"Simplifying what we do and making bold choices about how we deliver for customers, will also be part of an ambitious plan for the future that I will share in the New Year," Ms. Rose said in the letter.

Ms. Rose also said that Commercial & Private Banking will cease to exist as one business area. Paul Thwaite has been appointed as the new CEO for Commercial Banking and Peter Flavel has been confirmed as CEO for Private Banking, she said. Ms. Rose previously headed the Commercial & Private Banking division before her appointment as group CEO in September.

Shares at 1112 GMT were up 1.00 pence, or 0.5%, at 213.70 pence.

Write to Sabela Ojea at [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

November 01, 2019 07:32 ET (11:32 GMT)

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