RBS appoints new finance chief
Bruce Van Saun to head finance at Royal Bank of Scotland
RBS has appointed a new chief financial officer on a multi-million pound
contract.
Bruce Van Saun will join RBS from Bank of New York Mellon, where he was also
CFO, and will start work at the beginning of October.
Stephen Hester, RBS group
chief executive, said: ‘We are very pleased to have attracted Bruce to this
important role in our new management team. His record across 24 years of
financial services experience is impeccable. His significant restructuring and
integration expertise will prove invaluable as we work towards rebuilding
standalone strength.
‘This completes the extensive renewal of senior management at RBS and I am
happy to have a high quality team assembled and hard at work so early in the RBS
recovery plan.’
Forbes
magazine reports that Van Saun’s last total compensation with Bank of New York
Mellon topped $24m (£14m) in 2008, including salary, stock awards, and options.