RBSset to appoint new non-executive directors as it looks to beef up board

ROYALBANKOF SCOTLAND (RBS) is set to announce that two new independent directors are joining its board today, as it seeks to improve its capital position.<br /><br />The appointment of Philip Scott, ex-finance director at insurer Aviva, and Penny Hughes, who was head of UK and Ireland for Coca-Cola, into non-executive positions is expected today.<br /><br />The move by the part-nationalised bank comes as RBS paves the way for its entry into a government scheme to insure toxic assets.<br /><br />Meanwhile, Politicians hit out at the bank last night, as it emerged that RBS and part-nationalised Lloyds had put almost &pound;2.8bn into their Irish arms in the past 10 months.<br /><br />RBS put &pound;1.44bn into its Ulster bank in four capital injections, while Lloyds put &pound;1.32bn into its Bank of Scotland.<br /><br />&ldquo;Many will find it hard to understand why British taxpayers are bailing out bad investments made in Ireland,&rdquo; Vince Cable, Liberal Democrat Treasury spokesman, said.