Our Board

Our board approves the strategy across the group and monitors performance. It has adopted a formal schedule of matters detailing key aspects of the company's affairs and this schedule is reviewed annually.

Management Structure

Corporate Governance

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

• Chairman

  Philip Hampton

  N,R

  

  Appointed to the Board as Deputy Chairman on 19 January 2009, and to the position of Chairman on 3 February 2009, Philip has held the position of chairman of J Sainsbury plc since 2004. Previously, he was 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

  (48)

  

  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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  Deputy Chief Executive

  Gordon Pell

  (59)

  FCIBS, FCIB

  

  Appointed to the Board in March 2000, Gordon Pell was formerly group director of Lloyds TSB UK Retail Banking before joining National Westminster Bank Plc as a director in February 2000 and then becoming Chief Executive, Retail Banking. He is also a director of Race for Opportunity, and a member of the FSA Practitioner Panel. He was appointed chairman of the Business Commission on Racial Equality in the Workplace in July 2006 and deputy Chairman of the Board of the British Bankers Association in September 2007.

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  Group Finance Director

  Bruce van Saun

  (52)

  

  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. Since 2008 he worked as an advisor to US Private Equity companies. Bruce has an MBA in Finance/General Management from the University of North Carolina along with a BSBA from Bucknell University.

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• Non-Executive Directors

  Colin Buchan*

  (54)

  A, N, R (Chairman)

  

  Appointed to the Board in June 2002, Colin Buchan was educated in South Africa and spent the early part of his career in South Africa and the Far East. He has considerable international investment banking experience, as well as experience in very large risk management in the equities business. He was formerly a member of the group management board of UBS AG and head of equities of UBS Warburg, and was the former chairman of UBS Securities Canada Inc. He is chairman of Standard Life Investments Limited and a director of Standard Life plc and Black Rock World Mining Trust Plc.

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  Sir Sandy Crombie*

  (60)

  N, R

  

  Appointed to the Board in June 2009, Sandy Crombie is currently Group Chief Executive of Standard Life Plc. In March 2009, after 42 years with the insurer, it was announced that he would step down following the appointment of a successor. After joining as a trainee actuary, he held a number of positions with Standard Life between 1966 and 1998. In 1998, he was appointed Chief Executive of Standard Life Investments when it was launched. In 2002, he became Deputy Group Chief Executive and he was appointed Group Chief Executive in 2004. He is a Director of the Association of British Insurers and is also a member of the Chancellor of the Exchequer's High Level Group, formed in 2006 to develop and support London as the leading financial centre. He also sits on the Chancellor's Insurance Industry Working Group. He received a knighthood for services to the insurance industry in Scotland in the 2009 honours list. He is also Chairman of the Edinburgh UNESCO City of Literature Trust and Vice Chairman of the Board of Governors of the Royal Scottish Academy of Music and Drama. In 2007, he was the Prince of Wales Ambassador for Corporate Social Responsibility in Scotland.

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  Archie Hunter*

  (66)

  A (Chairman), N

  

  Appointed to the Board in September 2004, Archie Hunter is a chartered accountant. He was Scottish senior partner of KPMG between 1992 and 1999, and President of The Institute of Chartered Accountants of Scotland in 1997/1998. He has extensive professional experience in the UK, and in North and South America. He is currently chairman of Macfarlane Group plc, a director of Edinburgh US Tracker Trust plc, and a governor of the Beatson Institute for Cancer Research.

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  Joe MacHale*

  (58)

  A,N

  

  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.

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  John McFarlane*

  (62)

  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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  Arthur (Art) Ryan*

  (67)

  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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  Phillip Scott*

  (54)

  N

  

  Appointed to the Board in November 2009, Philip Scott is currently Group Finance Director of Aviva plc. Aviva have announced that he will step down from this position at the end of 2009. He joined Norwich Union as a trainee actuary in 1973 and since qualifying in 1979 has held a number of positions including Head of Global Equities, Chief Investment Officer, before being appointed to the Board of Norwich Union in 1993. Mr. Scott served as Group Executive Director, Life International of Aviva PLC since July 2003 until January 2006 and was responsible for Aviva's continental European and international life and long-term savings businesses before being appointed as Group Finance Director of Aviva plc in 2007. He has been a Non-executive Director of Diageo plc since 2007.

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• Group General Counsel and Group Secretary

  Miller McLean

  (59)

  

  Miller McLean is Group General Counsel and Group Secretary for RBS Group plc, a position he has held since 2003. His current responsibilities include Group Legal and company secretarial services include acting as general counsel to the Board of Directors, stock exchange listings, corporate governance and special projects such as acquisitions and disposals and joint ventures. Miller has a long and distinguished career with the Group which he joined in 1970 as a graduate trainee, becoming a member of the executive in 1980. He is a Chartered Banker and Solicitor and was appointed a Fellow of the Chartered Institute of Bankers in 1992, later becoming President from 2007-2009.

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Management Structure