RBS hopes to name new chief executive on Friday

The Royal Bank of Scotland is hoping to name its new chief executive alongside its results on Friday, according to Sky sources.

However, there is no formal deadline for Friday, the sources reportedly said.

The current favourite is internal candidtate Ross McEwan, who runs RBS's retial banking division. Other internal rivals include Chris Sullivan and Bruce van Saun, while external candidates include former Barclays banker David Roberts.

In City A.M. last week, Sky News' City editor Mark Kleinman said:

McEwan may have had little interaction with the City during his brief time at RBS but has impressed Hampton with his efforts to date.

Do not rule out entirely the emergence of a surprise external candidate but my money’s firmly on McEwan. We shouldn’t have long to wait to find out.

(Full article)

McEwan may have had little interaction with the City during his brief time at RBS but has impressed Hampton with his efforts to date.

Do not rule out entirely the emergence of a surprise external candidate but my money’s firmly on McEwan. We shouldn’t have long to wait to find out.

- See more at: http://www.cityam.com/article/inside-track-all-bets-ross-mcewan-field-candidates-rbs-narrows#sthash.1ZQt7hPt.dpuf

BlackRock last week confirmed that its Asia-Pacific chairman Mark McCombe - who has also headed up HSBC's Hong Kong office - had ruled himself out of leaving for RBS at this time.

Here are the odds at time of writing, courtesy of Ladbrokes:

Ross McEwan3/1 Paul Tucker25/1
Nathan Bostock5/1 Ellen Alemany33/1
Mark McCombe5/1 Rory Tapner33/1
Chris Sullivan6/1 Justin King33/1
David Roberts6/1 Jim Brown50/1
Rory Cullinan8/1 Ron Teerlink50/1
Richard Meddings10/1 Sunil Lamlani50/1
Ana Botin16/1 Rich Ricci100/1
Gordon Nixon16/1 Bob Diamond250/1
Cameron Clyne20/1 Sir Mervyn King250/1
Bruce van Saun20/1 Fred Goodwin500/1
Mark Catton20/1 Gordon Brown1000/1