Sunday 20 October 2019 9:24 pm

RBS retail chief to exit after ten years with bank

Royal Bank of Scotland’s retail banking chief executive is preparing to leave the lender as new boss Alison Rose completes her senior leadership team.

Les Matheson, who joined RBS in 2010 and became personal banking chief executive in 2014, is planning to leave the bank in the coming months, Sky News reported.

Matheson will reportedly step aside after a successor has been chosen and his departure will be part of a senior management shake-up which is expected to be unveiled by Rose next year.

Rose, who is currently deputy chief executive of Natwest, was announced as the RBS’ first female chief executive last month and take the reins at the beginning of November.

RBS, which has been hit by a series of controversies regarding its treatment of small businesses and benchmark interest rates and foreign exchange markets rigging, will consider internal and external candidates in its search for Matheson’s replacement.

Matheson, who is one of the UK’s most senior retail bank executives, has kept a low profile during his tenure at the scandal-hit bank.

However, RBS has faced criticism over its decision to shutter hundreds of bank branches across the UK.

Main image credit: Getty