BusinessCompany NewsRBS appoints new finance chief

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.

Related Articles

RBS fined £5.6m over reporting blunders

Company News RBS fined £5.6m over reporting blunders

4y Richard Crump, Writer
£4.6bn accounting charge for RBS after “chastening” 2012

Company News £4.6bn accounting charge for RBS after “chastening” 2012

5y Calum Fuller, Reporter
FSA: Fair value accounting contributed to RBS failure

Accounting Standards FSA: Fair value accounting contributed to RBS failure

6y Rose Orlik
RBS brings in Aviva FD to look after risk

Company News RBS brings in Aviva FD to look after risk

8y Accountancy Age, Reporters
Whittaker to leave RBS

Company News Whittaker to leave RBS

9y David Jetuah, Reporter
RBS enlists veteran accountant

Company News RBS enlists veteran accountant

9y Accountancy Age, Reporters
Deloitte receives pay rise as RBS auditor

Audit Deloitte receives pay rise as RBS auditor

9y Accountancy Age, Reporters
Backgrounder: Bank FDs feel the crunch

Company News Backgrounder: Bank FDs feel the crunch

9y Alex Hawkes, Reporter