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Royal Bank of Scotland Group Plc

Royal Bank of Scotland Group Plc

Sector: Offices Of Bank Holding Companies Region: United Kingdom


: | New York Stock Exchange: RBS.PRT | London Stock Exchange: RBS | New York Stock Exchange: RBS.PRR | New York Stock Exchange: RBS.PRN | New York Stock Exchange: RBS.PRM | New York Stock Exchange: RBS.PRL | Euronext Amsterdam: RBS | New York Stock Exchange: RBS.PRP | New York Stock Exchange: RBS.PRF | New York Stock Exchange: RBS | OTC Markets: RBSPF | New York Stock Exchange: RBS.PRQ | New York Stock Exchange: RBS.PRS | New York Stock Exchange: RBS.PRH


Royal Bank of Scotland Group Plc operates as an international banking and financial services company that provides a wide range of products and services to personal, commercial, and large corporate and institutional customers through its two principal subsidiaries: The Royal Bank of Scotland Plc and National Westminster Bank Plc as well as through a number of other well-known brands including Citizens, Charter One, Ulster Bank, Coutts, Direct Line and Churchill. Its business divisions include UK Retail, UK Corporate, Wealth, Global Transaction Services, Ulster Bank, U.S. Retail & Commercial, Global Banking & Markets, RBS Insurance, Central Functions, Non-Core division and Business Services. The UK Retail division offers a comprehensive range of banking products and related financial services to the personal market. The UK Corporate division provides banking, finance and risk management services to the corporate and small and medium-sized enterprise sector in the United Kingdom. It offers a range of banking products and related financial services through a nationwide network of relationship managers, and also through telephone and internet channels. The Wealth division provides private banking and investment services in the United Kingdom through Coutts & Co. and Adam & Co, offshore banking through RBS International, NatWest Offshore and Isle of Man Bank, and international private banking through Coutts & Co. Ltd. The Global Transaction Services division provides cash and liquidity management, trade finance and commercial card products and services. The Ulster Bank division provides a comprehensive range of financial services. The U.S. Retail & Commercial division provides financial services primarily through the Citizens and Charter One brands. The Global Banking & Markets division provides extensive range of debt and equity financing, risk management and investment services. The RBS Insurance division provides a wide range of general insurance products to consumers through a number of well known brands including Direct Line, Churchill and Privilege. It also provides insurance services for third party brands through its UKI Partnerships business. The Central Functions division comprises group and corporate functions, such as treasury, funding and finance, risk management, legal, communications and human resources. The Non-Core division contains a range of businesses and asset portfolios. The Business Services division supports the customer-facing businesses and provides operational technology, customer support in telephony, account management, lending and money transmission, global purchasing, property and other services. Royal Bank of Scotland Group was founded on March 25, 1968 and is headquartered in Edinburgh, the United Kingdom.

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Executives

Stephen Hester, Group Chief Executive
Date of appointment: appointed to the Board on 1 October 2008 and to the position of Group Chief Executive on 21 November 2008
Previously chief executive of The British Land Company PLC, chief operating officer of Abbey National plc and prior to that held positions with Credit Suisse First Boston including chief financial officer, head of fixed income and co-head of European investment banking. In 2008 he served as a non-executive director of Northern Rock plc.
Member of the following:
Group Board
Executive Committee
Management Commitee
External appointments:
Trustee of The Foundation and Friends of the Royal Botanical Gardens, Kew
Bruce van Saun, Group Finance Director
Date of appointment: 1 October 2009
Over 25 years of financial services experience. From 1997 to 2008 he held a number of senior positions with Bank of New York and later Bank of New York Mellon, most recently as vice-chairman and chief financial officer and before that was responsible for Asset Management and Market Related businesses. Prior to that he held senior positions with Deutsche Bank, Wasserstein Perella Group and Kidder Peabody & Co. He has served on several corporate boards as a non-executive director and has been active in numerous community organisations.
Member of the following:
Group Board
Executive Committee
Management Commitee
External appointments:
ConvergEx Holdings, LLC
Ron Teerlink, Chief Administration Officer
In April 2008 Ron joined the RBS group as Chief Executive of Business Services, becoming the Group Chief Administrative Officer in February 2009. At the same time he was re-appointed to the Managing Board of ABN AMRO to oversee the integration programme.
Ron started his career with ABN Bank in 1986 as an IT/Systems analyst and held various functional positions before becoming Chief Operating Officer of the Wholesale Clients Business in 2002.
He was appointed Chief Executive Officer of Group Shared Services in 2004 and joined ABN AMRO's Managing Board in January 2006, where he was responsible for Services and Market Infrastructure. Ron holds a Masters degree in Economics from Amsterdam's Vrije Universiteit and is married with two children.
Member of the following:
Executive Committee Management Committee

News & Analysis

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