RBS snaps up Ewen Stevenson as new CFO

 
Guy Bentley
Follow Guy

The Royal Bank of Scotland has appointed Ewen Stevenson as the company's new chief finance officer (CFO).

Stevenson joins the state-backed bank from Credit Suisse where he is co-head of EMEA Investment Banking and its Global Financial Institutions Group, Investment Banking division.

Ross McEwan, RBS chief executive, commented on the appointment:

I am pleased to welcome Ewen to RBS. Ewen has spent many years working with the world's leading banks. In recent years he has been a trusted adviser to both governments and company boards on the steps needed to restore confidence in financial institutions following the crisis.

The announcement comes as the troubled bank prepares to close 44 branches, including the Forest Gate, Putney Royal Hospital and Roman Road in Bethnal Green branches in London.

The sites are closing because visits to the branches have dropped by as much as 38 per cent in recent years, and the bank wants to redeploy its resources elsewhere.