KPMG chairman to sit on RBS board
Big Four firm sees its vice chairman head up the RBS audit committee
Brendan Nelson, the global chairman of KPMG’s financial services practices is
to join the Royal Bank of Scotland’s board.
Nelson, also vice chairman of KPMG in the UK, takes up the non-executive
director role and succeeds Archie Hunter as chairman of the group’s audit
committee.
“I am very pleased that Brendan Nelson has agreed to join our Board and to
undertake the important role of chairman of the group audit committee,” said
Philip Hampton, chairman of RBS.
Brendan was the first accountant to be appointed as a member of the
Practitioner Panel, a UK statutory body which represents the financial services
industry to the FSA, and served six years as a panel member.
He joined Peat Marwick Mitchell & Co in 1974, which merged with Thomson
McLintock in 1987 to form KPMG.
RBS was bailed out by the government following the credit crunch receiving
£12bn from a rights issue and £20bn from the government.
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