World Focus

New Favourite Candidate for CEO position at RBS

Alison Rose has been named as the favourite to succeed Ross McEwan as the CEO of the Royal Bank of Scotland.

Rose has worked for RBS for 25 years, and the Bank of England’s Prudential Regulation Authority is currently considering her appointment.

Pending the approval of the regulator, the appointment would make Rose the first woman to be made the head of a major British bank, according to a report by the Guardian.

The news of the intent to appoint Rose has followed a meeting of the bank’s board of directors, led by chairman Howard Davies.

Upon the approval of the regulator, the appointment of Rose would make her the second woman to enter a senior role at RBS, as Katie Murray was similarly promoted to become the bank’s finance chief.

The report by the Guardian sheds light on the fact that no other major British bank has appointed a woman to fill one of its top-three boardroom positions, although it does draw attention to Santander’s chairman of the bank’s UK division, Shriti Vadera.