Banking News

RBS on the hunt for new CFO

(30 May 2018 – UK) Ewen Stevenson, Royal Bank of Scotland’s chief financial officer, has announced his resignation to “take up an opportunity elsewhere”, fuelling speculation about the lender’s future leadership as the UK government prepares to sell off its majority stake.

Mr Stevenson’s departure comes amid rumours that chief executive Ross McEwan could also be preparing to step down.

With the search for a replacement CFO beginning immediately, RBS has said that Mr Stevenson would remain in his post “to oversee an orderly handover of his responsibilities.”

Mr McEwan said that Mr Stevenson had been “a fantastic CFO”, adding: “for the past four years, Ewan has worked tirelessly with me and my executive team to make RBS a much simpler, safer and more customer-focused business and to resolve a number of major legacy challenges.”