RBS brings in Aviva FD to look after risk
Philip Scott appointed non-executive director at government owned banks and will chair risk committee
Government owned Royal Bank of Scotland has parachuted in Aviva group
financial director Philip Scott as a non-exec with responsibility for risk.
The troubled banking group will appoint Scott as chairman of the risk
committee, in accordance with recommendations from the Walker report. It also
appointed former Coca-Cola executive Penny Hughes as another NED, who will
eventually take over the chair of the remuneration committee.
RBS chairman Philip Hampton, said Scott was the right choice for the role due
to his “wide ranging experience of financial services and risk management,
including previous responsibility for Aviva’s continental European and
international life and long-term savings businesses”.