RBS.L Regulatory News (RBS)

Ewen Stevenson appointed as RBS Chief Finance Officer

The Royal Bank of Scotland Group plc (RBS) announces today that Ewen Stevenson has been appointed as an Executive Director and RBS Chief Finance Officer with effect from 19 May 2014. Mr Stevenson joins from Credit Suisse where he is Co-Head of EMEA Investment Banking and its Global Financial Institutions Group, Investment Banking division.

Commenting on the appointment, Ross McEwan, RBS Chief Executive, said "I am pleased to welcome Ewen to RBS. Ewen has spent many years working with the world's leading banks. In recent years he has been a trusted adviser to both governments and company boards on the steps needed to restore confidence in financial institutions following the crisis.

"At RBS we are determined to re-earn the trust of our customers and our continued financial health is central to that task. Ewen shares our vision for building a great customer bank and I look forward to working with him."

With regard to Mr Stevenson's appointment to the RBS Board, there are no matters requiring disclosure under Listing Rule 9.6.13.

ENDS

Notes:

Ewen Stevenson, 47, joins RBS from Credit Suisse, London, where he is Co-Head of its EMEA Investment Banking Department and its Global Financial Institutions Group, Investment Banking. Ewen has been with Credit Suisse in the UK and New Zealand throughout his career, which spans 25 years. Having quickly progressed to senior positions within its Investment Banking Department, Ewen has extensive management and restructuring experience. In 2008 and 2009 he was a senior member of the Credit Suisse team advising HM Treasury on the recapitalisations of RBS and Lloyds Banking Group and the good bank/bad bank restructuring of Northern Rock.

Mr Stevenson was born in the UK and was raised and educated in New Zealand. He holds a Bachelor of Commerce and Administration (majoring in accountancy) and a Bachelor of Laws.

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