RBS set to name Ross McEwan as new chief executive

Ross McEwan. Picture: Phil Wilkinson
Ross McEwan. Picture: Phil Wilkinson
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Royal Bank of Scotland is reported to be about to announce New Zealander Ross McEwan as its new chief executive, subject to approval by City regulators.

He joined RBS last August, having run Commonwealth Bank of Australia’s retail banking arm for five years.

Mr McEwan, who heads the bank’s retail operations in the UK, is widely considered the leading candidate to take over from Stephen Hester, who resigned in June.

If the Prudential Regulation Authority rubber-stamps the appointment, an announcement could be made before RBS’s second-quarter results tomorrow. RBS declined to comment.