BusinessCompany NewsAccounting experts join RBS board

Accounting experts join RBS board

Baroness Sheila Noakes to join Royal Bank of Scotland's audit committee

THREE FINANCE and accounting experts have joined the Royal Bank of Scotland Group as non-executives.

Baroness Sheila Noakes, Alison Davis and Tony Di Iorio have joined the bank’s board.

Baroness Noakes joins as a member of the bank’s audit committee. She spent 17 years as a KPMG partner, during which time she was seconded to the Treasury as an accounting and financial advisor and as director of finance to the NHS. At KPMG, Baroness Noakes headed the firm’s European and international government practices.

In 2000 she was appointed to the House of Lords, spending seven years as shadow Treasury minister between 2003 and 2010.

She is a non-executive of the English National Opera and former president of the ICAEW.

Alison Davis began her career at McKinsey before serving as chief financial officer of Barclays Global Investors.

She has previously chaired the board of LECG Corporation. Davis will serve on RBS’ remuneration committee.

Tony Di Iorio began his career in the US with KPMG as a member of its financial services practice. He served at Goldman Sachs before taking the CFO role at the investment bank of NationsBank.

Di Iorio will become a member of the audit committee.

“They bring with them a wealth of relevant and diverse experience in both the public and private sectors, along with a strong global perspective,” said RBS chairman Philip Hampton.

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