RBS finance director leaves to join Santander

by Richard Crump

More from this author

11 Dec 2013

  • Comments

ROYAL BANK OF SCOTLAND is facing yet more management upheaval after its finance director Nathan Bostock unexpectedly quit to join Spanish bank Santander after just ten weeks in the job.

Bostock, who was only promoted to the job on 1 October, is to become chief risk officer and deputy chief executive of the Santander's UK arm, which is thought to be preparing for a stock market flotation.

The news is a fresh blow for RBS and Ross McEwan, who took over as the bank's chief executive in October and is conducting an overhaul of the bank's strategy and operations.

"I had the opportunity to work with Nathan through the autumn as we announced the new capital plan for the bank. He is a talented banker who brought a huge amount to our discussions with our regulators and our majority shareholder," McEwan said.

Bostock was head of risk and restructuring at RBS, a position he had held since joining from Abbey National in 2009. He had planned to join Lloyds Banking Group as head of wholesale banking in 2011, but abandoned the move.

His formal resignation is expected soon, but he will remain in his position to oversee an orderly handover of his responsibilities, RBS said in a statement.

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send
HM Revenue & Customs

Head Of Financial Control

HM Revenue & Customs, Telford, Full Time, Permanent/p>



Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.