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(Alliance News) - Royal Bank of Scotland Group PLC has approached the boss of HSBC Holdings PLC's UK operation about becoming its next chief executive, the Financial Times reported late Thursday.
The newspaper said Ian Stuart is among the preferred external candidates to replace Ross McEwan at RBS, which is majority-owned by the UK government.
Stuart spent more than two decades at NatWest — which was acquired by RBS in 2000 — before joining Barclays in 2007. He moved to HSBC in 2014 and was elevated to his current job in 2017.
FT said the appointment of Stuart would come as a blow to Alison Rose, the leading internal candidate, who is considered a "shoo-in" by some insiders at the bank.
https://www.ft.com/content/21a116bc-ad27-11e9-8030-530adfa879c2
On Friday last week, RBS announced outgoing Chief Executive Ross McEwan will be joining National Australia Bank Ltd when his notice is finished.
McEwan gave his 12-month notice to RBS in April and RBS has last Friday reiterated he will remain in his position until a successor has been appointed and a handover has taken place.
Meanwhile, NAB expects McEwan to start "no later" than April 2020.
