In Domestic Affairs

Matthew P.

Alison Rose to manage Royal Bank of Scotland

Alison Rose to manage Royal Bank of Scotland

Royal Bank of Scotland gets Alison Rose as the new manager. It is the first time that a woman has taken the helm at a large British bank.

Rose is currently the deputy top executive at Natwest Holdings, the parent company of RBS, which was rigged up a few years ago to comply with new regulations. The new top woman will take office on November 1.

RBS has been looking for a new top manager since April of this year. The current CEO Ross McEwan then announced that he would leave within a year. He has recently been appointed CEO of National Australia Bank.