Investing.com - Financial Markets Worldwide

Premarket London: RBS Shakes up Management at NatWest Markets

Published 12/19/2019, 02:36 AM
Updated 12/19/2019, 02:39 AM
© Reuters.
NWG
-
GFRD
-
CRST
-

Investing.com -- Here is a summary of the most important regulatory news releases from the London Stock Exchange on Thursday, 19th December. Please refresh for updates.

  • Royal Bank of Scotland (LON:RBS) replaced the top two managers at its struggling investment bank, NatWest Markets.

  • CEO Chris Marks and CFO Richard Place will step down from their roles within the bank with immediate effect. The pair will also leave roles as chair and member of the supervisory board respectively.

  • The move is a response to calls from investors for new CEO Alison Rose to fix the underperforming unit, which lost money in the third quarter and was barely profitable in the six months prior to that.

  • Robert Begbie, currently RBS (LON:RBS) Treasurer, has been appointed interim CEO, while Robert Horrocks, RBS Finance Director will be interim CFO.

    • Housebuilder Crest Nicholson (LON:CRST) said it had appointed Tom Nicholson as its new Chief Operating Officer, effective from 1 Jan. 2020.
    • The new COO joined the group in May 2019 after more than twenty years with competitor Linden Homes, part of the Galliford Try (LON:GFRD) group.
    • It's the latest step in a broader reshuffle at the top of the company, which cut its profit guidance in October after suffering from "volatile" trading conditions.
    • Peter Truscott joined as CEO in September.

    Latest comments

    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2025 - Fusion Media Limited. All Rights Reserved.