Thursday , December 13 2018

RBS taps Katie Murray as interim CFO as Ewen Stevenson preps exit

Bloomberg

Royal Bank of Scotland Group Plc tapped Katie Murray to be its interim chief financial officer as Ewen Stevenson prepares to leave the state-controlled lender and step down from the board.
Murray, who is currently deputy CFO and one of a handful of women in the City of London in a senior finance role, will take the position in October. Stevenson will leave the RBS board on September 30 as he heads for a job as finance director of HSBC Holdings Plc.
“The search for a successor for Mr. Stevenson is underway, and a further announcement will be made in due course,” RBS said in a statement. Murray joined RBS in late 2015 as director of finance from Old Mutual Emerging Markets, based in Johannesburg.
Stevenson is due to join HSBC after his employment contract with RBS ceases at the end of November. He joined RBS in 2014 after 25 years at Credit Suisse Group AG, where he rose to co-head of investment banking for Europe, the Middle East and Africa. Over the past four years, he worked closely with Chief Executive Officer Ross McEwan to shrink RBS back to a domestic UK retail lender and repair the damage caused by former CEO Fred Goodwin’s global expansion, which ended in a government bailout.

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