Our Board

Management Structure

Corporate Governance

Board diversity statement

1. Chairman
2. Executive Directors
3. Non-Executive Directors
4. Group Secretary

• Chairman

  Philip Hampton

  N

  

  Appointed to the Board as Deputy Chairman on 19 January 2009, and to the position of Chairman on 3 February 2009.

  Previously, he was Chairman of J Sainsbury plc, group finance director of Lloyds TSB Group plc from 2002 to 2004, group finance director of BT Group plc from 2000 to 2002, group finance director of BG Group plc from 1997 to 2000, group finance director of British Gas plc from 1995 to 1997, group finance director of British Steel plc from 1990 to 1995, an executive director of Lazards from 1981 to 1990 and a non-executive director of RMC Group plc from 2002 to 2005.

  Philip is the former chairman of UK Financial Investments Limited, the company established to manage the UK Government's shareholding in banks subscribing to its recapitalisation fund, and has also been a non-executive director of Belgacom SA (the Belgian telecom group) since 2004. Philip joined the Board of Anglo American plc as a non-executive director in November 2009.

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• Executive Directors

  Group Chief Executive

  Stephen Hester

  (51)

  

  Appointed to the Board on 1 October 2008, and to the position of Group Chief Executive on 21 November 2008. Stephen Hester was chief executive of The British Land Company PLC. He was previously chief operating officer of Abbey National plc and prior to that he held positions with Credit Suisse First Boston including chief financial officer, head of fixed income and co-Head of European Investment Banking. In February 2008, he was appointed non-executive deputy chairman of Northern Rock PLC, a position he relinquished on 1 October 2008. He is also a trustee of The Royal Botanic Gardens, Kew Foundation.

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  Group Finance Director

  Bruce van Saun

  (54)

  

  Appointed to the Board in October 2009, Bruce Van Saun has more than 25 years of financial services experience. From 1997-2008 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 responsible for the 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.

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• Non-Executive Directors

  Sir Sandy Crombie*

  (62)

  N, R, Ri

  

  Sir Sandy Crombie is currently Senior Independent Director of the Royal Bank of Scotland Group plc. Sir Sandy retired from Standard Life on 31st December 2009 after 43 years service, having been Group Chief Executive since January 2004. He was previously Chief Executive of Standard Life Investments Limited from its launch in 1998. He was a member of the (former) Chancellor of the Exchequer’s High Level Group on Financial Services, he served on the board of the association of British Insurers and was the Chairman of the Edinburgh World City of Literature Trust. Sir Sandy is Vice Chairman of the Royal Conservatoire of Scotland and received a Knighthood for services to the insurance industry in Scotland in the 2009 New Year’s Honours List.

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  Alison Davis*

  (50)

  N, R

  

  Alison Davis was appointed as a non-executive Director to the RBS Board in August 2011. She currently serves on the board of Unisys Corporation, the advisory board of City National Bank and is a director of several private companies. She is a former director of First Data Corporation and previously chaired the Board of LECG Corporation.

  Alison retired as Managing Partner of Belvedere Capital in 2010, a private equity firm focused on buy-outs in the financial services sector. Prior to this, Alison was Chief Financial Officer of Barclays Global Investors (now BlackRock) for three years and spent seven years as a Partner and Financial Institutions Group Leader with A.T. Kearney.

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  Tony Di Iorio*

  (68)

  N, A, Ri

  

  Tony Di Iorio joined the RBS Board as a non-executive director in September 2011.

  Tony retired as Chief Financial Officer and a member of the Management Board of Deutsche Bank in 2008. Tony joined Deutsche Bank in 2001 after a variety of roles, including Chairman and CEO, at PaineWebber International following two years as Chief Financial Officer of the Investment Bank of NationsBank (now Bank of America).

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  Penny Hughes CBE*

  (52)

  R (Chair), N

  

  Penny Hughes joined the RBS Board as a non-executive director in January 2010 and is currently chair of the Group Remuneration Committee. She is also a non-executive director of WM Morrisons Supermarkets plc, a non-executive director of Cable & Wireless Worldwide plc and chair of its Audit Committee, and a trustee of the British Museum.

  She received a CBE for services to the media in the Queens Birthday Honours list in June 2011.

  Penny's former non-executive directorships include Home Retail Group plc, Gap Inc, Vodafone plc, Reuters plc, and Skandinavixka Enskilda Banken AB ('SEB'). She is also former president of the Advertising Association. Penny spent the majority of her executive career at Coca-Cola where she held a number of leadership positions during the merger of Coca-Cola and Schweppes in the UK. In 1992 she was appointed as President, Coca-Cola Great Britain and Ireland.

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  Joe MacHale*

  (60)

  N, Ri

  

  Appointed to the Board in September 2004, Joe MacHale is currently a non-executive director and chairman of the remuneration committee of Brit Insurance Holdings plc, and a trustee and treasurer of MacMillan Cancer Support. He held a number of senior executive positions with J P Morgan between 1979 and 2001 and was latterly chief executive of J P Morgan Europe, Middle East and Africa Region. He is a fellow of the Institute of Chartered Accountants and the chairman of Prytania Holdings LLP.

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  John McFarlane*

  (64)

  R, N

  

  Appointed to the Board on 1 October 2008, John McFarlane is former chief executive officer of Australia and New Zealand Banking Group Limited. Previously he was a group executive director of Standard Chartered and was head of Citicorp/Citibank in the UK and Ireland. He is currently a non-executive director of Westfield Holdings Limited and a director of Old Oak Holdings Limited. He is a former president of the International Monetary Conference and a former chairman of the Australian Bankers Association. He has previously served as a director of the London Stock Exchange and a member of the Auditing Practices Board.

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  Brendan Nelson*

  (61)

  A (Chair), Ri, N

  

  Brendan Nelson was appointed to the Board on 1 April 2010. Brendan became global chairman, Banking for KPMG in 1999 and became global chairman, Financial Services in 2002. He has held a range of senior leadership roles within KPMG including as a member of the KPMG UK board from 1999 until 2006 and as vice chairman from 2006.

  Brendan had overall responsibility for the Financial Services practice worldwide, which is the largest specialised industry group with KPMG and provides audit, tax, consulting and regulatory advisory services for a large range of organisations in every sector of the financial services industry.

  He has been a board member of the Financial Services Skills Council since 2008 and was chairman of the Audit Committee of the Institute of Chartered Accountants of Scotland from 2005 until 2008. Brendan joined the Board of BP plc in November 2010, and was appointed Chairman of the Audit Committee in April 2011. He is also a member of the Financial Reporting Review Panel of the Financial Reporting Council.

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  Baroness Noakes DBE*

  (62)

  N, A

  

  Baroness Noakes joined the RBS Board as a non-executive director in August 2011. Baroness Noakes is also a non-executive director of Severn Trent plc, where she Chairs the Audit Committee and Carpetright plc, where she is Senior Independent Director and Chair of the Audit and Nominations Committees. Baroness Noakes' former non-executive directorships include the Court of the Bank of England, Hanson, ICI, John Laing and SThree.

  Baroness Noakes retired from the position of Head of KPMG’s European and International Government Practices in 2000, after thirty years of service with KPMG. During her time at KMPG, Baroness Noakes was seconded to the Treasury as an Accounting and Financial Adviser and as the Director of Finance for the National Health Service. She was made a DBE in 1996 and in 2000 was appointed to the House of Lords. She served on the Conservative front bench in various roles, including as the Shadow Treasury Minister between 2003 and May 2010.

  Baroness Noakes is a fellow of the Institute of Chartered Accountants of England and Wales, serving as its President in 1999/2000

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  Arthur (Art) Ryan*

  (69)

  N

  

  Appointed to the Board on 1 October 2008, Arthur Ryan is the former chairman, chief executive officer and president of Prudential Financial Inc. Previously he held senior positions with Prudential Insurance and the former Chase Manhattan Bank NA. He is currently a non-executive director of Regeneron Pharmaceuticals Inc. and an active member of numerous community boards. He was a founding member of the Financial Services Forum.

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  Philip Scott*

  (57)

  Ri (Chair), A, N

  

  Appointed to the Board on 1 November 2009, Philip Scott has 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. He held a number of senior executive positions during his career at Aviva, including his role as Group Finance Director until January 2010. Philip is also an experienced Non-executive Director and is currently on the board of Diageo plc. He is a Fellow of the Institute of Actuaries and the Association of Certified Public Accountants.

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• Group Secretary

  Aileen Taylor

  (39)

  

  Aileen Taylor assumed the role of Group Secretary in May 2010 and provides secretariat and corporate governance advice and support to the Group Board and its Senior Committees.

  Aileen joined RBS in 2000.  She was appointed Deputy Group Secretary and Head of Group Secretariat in 2007, and prior to that held various legal, secretariat and risk roles including Head of External Risk, Retail; Head of Regulatory Risk, Retail Direct; and Head of Legal and Compliance at Direct Line Financial Services.

  Aileen is a Fellow of the Chartered Institute of Bankers in Scotland and a Fellow of the Industry and Parliament Trust.

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