RBS share price: Bank appoints Deputy CFO as interim finance chief

Ewen Stevenson to step down at the end of next month

RBS share price: Bank appoints Deputy CFO as interim finance chief

Royal Bank of Scotland Group (LON:RBS) has appointed Katie Murray as its interim chief financial officer, starting October 1, as it continues the search for its new finance chief. The bailed-out lender’s’ outgoing CFO Ewen Stevenson is due to take the top finance job at HBSC Holdings (LON:HSBA).

RBS’ share price has been steady in London this morning, having gained 0.37 percent to 241.50p as of 08:52 BST. The stock is outperforming the benchmark FTSE 100 index, which has climbed marginally higher and is currently 0.12 percent better off at 7,565.23 points.

RBS appoints interim CFO

RBS announced in a statement this morning that it would appoint Katie Murray, who is currently Deputy Chief Financial Officer, as Interim Chief Financial Officer on October 1. The news came as the bailed-out lender confirmed that Ewen Stevenson, whose departure was announced at the end of May, would step down from the Board and cease to be CFO on September 30. He will be placed on gardening leave until his employment with the bailed-out lender ceases on November 30.

Stevenson is due to take the top finance job at FTSE 100 peer HSBC, while the Asia-focused lender’s finance director Iain Mackay has been appointed as GlaxoSmithKline’s (LON:GSK) next chief financial officer.

Search for new finance chief continues

RBS also noted in today’s statement that the search for a successor to Stevenson was underway, with a further announcement to be made in due course. Earlier this month, news emerged that a longlist of names was understood to have been drawn up by headhunters acting for the FTSE 100 group, with the appointment of a new chief financial officer unlikely until the autumn. 

As of 09:16 BST, Friday, 17 August, Royal Bank of Scotland Group share price is 241.80p.

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