LONDON, May 27 (Reuters) - State-backed British lender RoyalBank of Scotland has appointed Jon Pain, a formerdirector at the country's financial services regulator, as itsnew head of conduct, it said on Monday.
Pain will join RBS from accountants KPMG in August as headof the bank's newly-created conduct and regulatory affairs role.
The move follows similar appointments at Lloyds BankingGroup and Barclays as British banks deal withthe wake of an interest rate rigging scandal and claims ofmis-sold insurance on loans and mortgages.
"The creation of this position sends a clear message abouthow we want to do business - serving customers well, completingour return to a safe and conservative risk profile, andgenerating sustainable returns for shareholders," RBS chiefexecutive Stephen Hester said.
"If we achieve these objectives, and do so in the right way,RBS will become a really good bank."
Pain, a former director at the Financial Services Authoritywho also worked for over 30 years at Lloyds, will be in chargeof the bank's relationship with regulators globally and willreport directly to Hester.