RBS retail head eyes £3m stock

City A.M. Reporter
ROYAL Bank of Scotland last night announced it would award its incoming UK retail banking boss Ross McEwan shares worth £3.2m under its long term incentive plan.

In a statement to the stock exchange last night, the bank said that McEwan, who takes over the reins of its retail banking operations on Monday, would get 1, 504, 210 of ordinary shares worth £2.14 each – valuing the share deal at £3.22m.