RBS To Name Female Interim Chief Financial Officer For Permanent Position


Reportedly, the Royal Bank of Scotland (RBS) is on the cusp of shaking up the male-dominated boardrooms of the biggest banks in the country by naming Katie Murray, its interim chief financial officer (CFO), as the permanent head of finance of the bank.

According to reports, the bank is waiting for the approval by the Prudential Regulation Authority (PRA), the banking watchdog, prior to naming Murray as the CFO.

Some sources informed Sky News that her appointment could be announced as early as next week, following several months of serving as the interim replacement to Ewen Stevenson, the outgoing chief financial officer of the company who left the bank to join HSBC.

RBS refused to comment regarding the matter.

Murray is set to take up the positions as RBS posts its healthiest financials since the financial meltdown of 2008.

The bank has sustained a 10-year restructuring process which saw it withdraw from its failed expansion overseas in order to concentrate on core markets in the United Kingdom.

However, the focus on home soil implies that Murray will have her work cut out if Brexit provokes an economic downturn in the United Kingdom, with the bank being more exposed as compared to its rivals such as HSBC and Barclays, who have more operations overseas.

She will be reporting to Ross McEwan, the RBS chief executive who is widely expected to step down from his post in 2020.

Alison Rose, another senior executive at the group, has been tipped to take up the postion. Her appointment would be a significant milestone in the banking sector of the United Kingdom, with women holding the two top jobs at a major lender.