Management Structure

Executive Committee (ExCo)

The Executive Committee (ExCo) will report to Stephen Hester and be accountable to the Board. It will meet bi-weekly and focus on substantive business decisions cutting across issues of Group-wide significance.

Group Chief Executive

Stephen Hester

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 Foundation and Friends of The Royal Botanic Gardens, Kew Foundation.

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Chief Executive of Global Banking and Markets

John Hourican

Previous to his appointment as Chief Executive, Global Banking and Markets in October 2008, John was Chief Financial Officer at ABN AMRO and a member of the Managing Board. John has held a variety of senior positions within the Investment Bank at RBS including Head of Leverage Finance Europe & Asia, Chief Operating Officer and Finance Director of the division. Prior to joining RBS, John worked at Price Waterhouse in Dublin, Hong Kong and London.

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Chief Executive, UK Corporate

Chris Sullivan

Chris Sullivan was appointed Chief Executive of the UK Corporate Banking Division including SME and the GTS Division in August 2009. These businesses hold market positions of 1st (in the UK) and 5th (globally) respectively.

Chris' previous role was as Chief Executive of RBS Insurance, which is the second largest general insurance provider in the UK. Its businesses sell and underwrite retail, wholesale and commercial insurance and sell products (motor, home, pet, travel, breakdown cover, life and commercial insurance) over the telephone and internet as well as through partnerships and brokers. Prior to this, Chris was Chief Executive of Retail and Deputy Chief Executive of Retail Markets.

Chris is Vice Chairman of the Association of British Insurers, Chairman of the General Insurance Council, a member of the CBI Presidents Committee and was a previous Chairman of the CBI SE Council.

Chris has a proven track record in growing businesses, which he demonstrated in the five years he was Chief Executive of Lombard Asset Finance where he developed the business to a leadership position in the UK and Europe.

Working initially in a number of sales and sales management roles he was appointed head of Group Training and Development in 1991. The role reflected his sustained interest in leadership and management development and initiated his close working relationship with Professor Harry Schroder (Princeton). In 1993, Chris became the National Sales Director for Lombard Business Finance, moving on to become Managing Director and later Chief Executive of Lombard Group, a business he joined from school in 1975.

FCIBS - Chris Sullivan earned his Fellowship of Chartered Institute of Bankers Scotland for his services to Scottish Banking in various roles throughout his career.

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Chief Executive, RBS Insurance

Paul Geddes

Paul graduated from Oxford in 1990, where he read Politics, Philosophy and Economics.

His career started at Procter & Gamble, in the UK and Europe. He entered retailing in 1997, holding senior roles in Kingfisher and GUS Groups before joining the RBS Group in 2004 as Managing Director, Products and Marketing, Retail Banking. He was then appointed CEO, Retail Banking in December 2006 and CEO, UK Retail in February 2009 before taking overall responsibility for some of the UK's best-known insurance brands, including Direct Line, Churchill, Privilege and Green Flag as CEO, RBS Insurance in August 2009.

Paul is a Fellow of the Chartered Institute of Bankers in Scotland and a Trustee of the Dewar Arts Awards.

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Chief Executive, Citizens and Head of Americas

Ellen Alemany

Ellen joined RBS America in June 2007 from Citigroup, where she was CEO for Global Transaction Services. She was also a member of the Citigroup Operating Committee, Corporate and Investment Planning Group, and Global Banking Operating Committee. Ellen began her banking career at Chase Manhattan Bank in 1977, working in Operations, Structured Trade, and the Media and Electronics Department as a Senior Lender. She is currently the only woman responsible for one of the top ten commercial banking institutions in the US.

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Group Finance Director

Bruce van Saun

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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Chief Administrative Officer

Ron Teerlink

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.

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Head of Restructuring and Risk

Nathan Bostock

Nathan joined The Royal Bank of Scotland on 1st June 2009 as Head of Restructuring and Risk with Responsibility for the newly formed Non-Core Division & APS, the Global Restructuring Group and the control functions of Group Legal & Secretariat and Risk Management. The Non-Core Division holds the assets which will be wound down or sold to reduce the size and improve the risk profile of the RBS balance sheet and is also responsible for the management of the assets covered by the UK Government’s Asset Protection Scheme.

Before joining RBS, Nathan spent eight years with Abbey National plc in several roles and was latterly the CFO and main Board Director responsible for Products & Marketing, HR, Insurance and Cards. He joined Abbey in 2001 and took up the role of Head of Financial Markets & Portfolio Business Unit.

Before joining Abbey, Nathan spent ten years with RBS in a number of roles, including Chief Operating Officer of Treasury and Capital Markets and Group Risk Director. During this period RBS experienced substantial growth culminating in the acquisition of NatWest.

A Chartered Accountant, Nathan worked with Coopers & Lybrand, before starting his career in banking. He spent seven years in Chase Manhattan Bank in a variety of areas and functions. He also holds a BSc (Hons) in Mathematics.

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UK Retail, Wealth and Ulster Bank

Brian Hartzer

Brian Hartzer is 42 years old, a joint US and Australian citizen and is married with 4 young children. A Princeton graduate, he joined ANZ in 1999 to run their Consumer Finance business (credit cards, merchant services and personal loans) until 2004. He then took over the full Retail bank portfolio (including SME and Wealth), and in 2008 added the role of Chief Executive Australia for all ANZ business lines, as well as Global Segment Lead for Retail. Before joining ANZ, Brian was a financial services consultant in New York, San Francisco and Melbourne for 10 years.

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Management Committee (ManCo)

The Management Committee (ManCo), comprising our major businesses and functional leaders, will meet 3 - 4 times annually and will be a vehicle for strategy and business performance review.

As Executive Committee plus:

Group General Counsel

Chris Campbell

Chris joined RBS in August 2005 as Deputy General Counsel and Director, Group Legal. He has responsibility for Group Legal, which provides legal support both at Group level and to all of RBS’s divisions and businesses globally. Chris also has overall responsibility for managing the Group’s relationships with its external UK legal advisers.

Prior to joining RBS, Chris was a partner for 18 years in Scotland’s largest law firm, Dundas & Wilson, and was Managing Partner from 1996 until he joined RBS. Chris graduated from Edinburgh University in 1980 (LLB Hons) and is an Honorary Professor in Commercial Law at the University of Glasgow.

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CEO, UK Corporate & Institutional Banking

Mark Catton

Mark rejoined the RBS Group in August 2007, having previously worked for NatWest. He is responsible for leading the RBS Corporate and Institutional franchise in the UK.

In his previous role, Mark was a Managing Director in Barclays Capital, responsible as Chief Operating Officer for European Investment Banking and Debt Capital Markets, and for managing the relationship with Barclays Corporate across EMEA. Mark spent his previous five years as part of the Corporate Executive team of Barclays, responsible for a number of its client and product businesses in the UK and Continental Europe.

Mark has more than 20 years' experience in corporate banking and financial markets.

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Head of Non-Core Division and APS

Rory Cullinan

Rory joined RBS in early 2009 to Head the Non-Core Division and the Asset Protection Scheme. He had previously worked at RBS as Head of Equity Finance from 2001 – 2005 and was a CBFM Board Member. Before rejoining RBS, his previous role was Co-Managing Partner and Group Board Member at Renaissance Capital. He has worked for a variety of Financial firms including Permira Advisors, Verdoso Investments (a company he co-founded), Pembridge Investments, Citibank & Barclays.

Rory has the ability to lead and manage multi-national businesses across various industries and has extensive experience of disposals, investments and restructuring across the Americas, EMEA and Russia.

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Group Treasurer

John Cummins

As Group Treasurer, John manages the treasury function for the Royal Bank of Scotland Group. He is responsible for the management of the Group’s capital, liquidity, and structural FX & interest rate risk and his role also includes responsibility for funding the Group balance sheet, and the management of the Group’s capital and resources policies.

In his previous role John managed the Treasury function for Standard Life Assurance Group.� He also filled the role of Finance Director, Standard Life Bank on an interim basis. In 2006 John was appointed Director of IFFIm, a AAA rated development institution.� The IFFIm Board is responsible for the management of the International Finance Facility for Immunisation Company (IFFIm), registered as a UK Charity. The IFFIm has raised over $2bn for vaccines in the developing world.

John holds an MA in Modern History from Oxford University and an MBA from Bradford University. He completed the Corporate Finance Course at London Business School and attended the Risk Management in Banking programme at INSEAD.

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Chief Operating Officer, Group Manufacturing

Richard Hemsley

Richard started work with NatWest Bank in 1983 where he undertook a wide variety of roles in retail banking, corporate banking and head office functions.

He joined Manufacturing in 2000 as Head of Lending Operations. In 2004, as Director of Group Security & Fraud, Richard delivered a 25% reduction in Group fraud losses. In 2005 he became Managing Director, Manufacturing Operations, where he had responsibility for around 17,500 people and a cost base of �850 million. During this time he was a driving force for customer service improvement whilst delivering a 30% improvement in productivity.

In February 2008, the increasingly international nature of the business following the acquisition of ABN AMRO led to the creation of 'Group Manufacturing', into which Richard was appointed Chief Operating Officer.

Richard is a Fellow of the Chartered Institute of Bankers in Scotland. He has completed the Advanced Management Programme at Harvard Business School and is also a member of Payments Council Board.

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Head of Strategy

Jennifer Hill

Jennifer Hill joined RBS in July 2008. Jennifer has over 20 years financial services experience, most recently as CFO of Tisbury Capital Management. Prior to this, Jennifer was a Managing Director of Goldman Sachs in London and New York, holding a variety of positions over a ten year period. She was CFO of the European Investment Banking division, CEO of its William Street fund entities as well as Chief of Staff in the Executive Office. She also worked in e-commerce and credit risk management.

Before joining Goldman Sachs, Jennifer worked for Citibank in New York as Vice-President in the Financial Institutions Group where she managed a client portfolio of hedge funds, asset managers and broker-dealers.

Her early career was spent at Credit Lyonnais and European American Bank, also in New York. She holds an MBA from Columbia University and a BA from Hamilton College, where she is now on the board of trustees. Jennifer also sits on the advisory board of buildOn, a US not-for profit organisation that works with US high school students, increasing their educational opportunities.

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President, Global Banking and Markets

Suneel Kamlani

Suneel joined RBS Group on 13 April 2010 and has responsibility for all of the logistics and control functions in GBM, including finance, risk, legal, operations, technology, human resources, communications and marketing. He is a core member of the GBM leadership group and is charged with ensuring that the strategy set for the business is appropriate and that the infrastructure and control environment supports that strategy.

Suneel has 25 years of experience in investment banking, most recently as Chief Operating Officer for UBS’ Global Investment Bank and a Member of the UBS Group Managing Board. During his career to-date he has worked in London, New York and Hong Kong. He has held a wide variety of positions in UBS, notably as Global Head of Debt Capital Markets, Head of European Fixed Income, Head of US Debt Capital Markets and Head of Investment Banking & Fixed Income in Asia.

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Deputy CEO of Global Banking & Markets

Marco Mazzucchelli

Marco joined RBS in February 2009 as Deputy CEO of Global Banking & Markets. He also has direct responsibility for GBM's Global Banking businesses in EMEA as well as a global coordination role.

From 2004, Marco was Head of EMEA Investment Banking at Credit Suisse based in London and was member of the Operating Committee. Subsequently, he became Head of Business and Client Development and led several key client coverage initiatives across multiple divisions. Prior to that, he worked as a Managing Director at SanPaolo IMI for nearly three years, where he served as Chief Executive Officer of the group's asset management and insurance divisions and as Chairman of its alternative and institutional businesses and international private banking.

In 1998, Marco was appointed CFO of the world's oldest bank, Monte Dei Paschi di Siena. Between 1990 and 1997, he worked for Morgan Stanley in London where he was a Managing Director in the fixed income division. Marco's other professional roles include serving as Deputy Chairman of Euro MTS and as a Board Member of the Borsa Italiana. Marco holds an Economics and Business degree from Bocconi University in Milan.

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Chief Executive, Ulster Bank

Cormac McCarthy

Cormac was appointed in 2004 following the successful acquisition of First Active plc by Ulster Bank Limited. Prior to that, he was chief executive of First Active, a position he had held since 2000. He joined First Active as Head of Finance in 1998 from Woodchester Investments plc, where he was Director of Finance and Operations. Cormac graduated from University College Dublin with a BA (Hons) in 1983 and qualified as a chartered accountant with KPMG in 1988.

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CEO Asia

John McCormick

John McCormick is CEO of the combined wholesale and investment banking businesses of RBS and ABN AMRO in Asia Pacific. This role incorporates responsibility for the coordination of the Retail, Wealth and Wholesale Banking businesses in Asia Pacific. John is also a member of the Global Banking & Markets Board and Senior Executive Team.

Based in Hong Kong, John became CEO of Global Banking & Markets Asia Pacific in January 2006. From 2002 to 2005, John was responsible for the RBS financial markets global sales and marketing activities. In 2005, John also became Treasurer of the Wealth Management Division which included product development and delivery to clients of Coutts, Coutts Bank von Ernst, RBS International and Adam & Co. From March 2000 to January 2002, John was the Global Head of Interest Rate Derivatives and Financial Futures. John successfully combined the derivative activities of NatWest Markets, Greenwich NatWest and RBS.

Prior to RBS, John worked in Bank of America for 16 years in Ireland, UK and the US. He joined BOA in 1979 following a brief period with Bank of Ireland in Dublin and in 1982, John moved to Chase Manhattan Bank in London, and then moved to Bahrain, Middle East where he was responsible for regional asset & liability management and the forward FX business. He returned to Bank of America in Dublin in late 1983 where he was appointed Bank of America's youngest Treasurer.

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Head of Communications and Group Chief Economist

Andrew McLaughlin

Andrew McLaughlin is Head of Communications and Group Chief Economist for the Royal Bank of Scotland Group. Before joining the Group, he spent three years with Ernst and Young working in corporate finance. Andrew holds a first class honors degree in Economics and Politics, and a PhD, for which he was awarded the Walter Bagehot prize for best UK dissertation in the field of government and public administration. He published a book on the automobile industry in 1998.

He is a member of the University of Nottingham Globalisation and Economic Policy Advisory Board, the UK Government's Business Forum on Tax Competitiveness and the Confederation of British Industry's Economic Affairs Committee.

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Global Head of Markets

Peter Nielsen

Peter Nielsen is the Global Head of Markets. From 2005 to 2009 he was Global Head of Rates, Local Markets, Currencies and Commodities. Prior to that, between 2001-2005 he was Global Head of FX, Currency Options, Emerging Markets, Equities and Futures. From 1998-2001 he served as Global Head of Sales and Marketing for NatWest, and subsequently for RBS, and from 1995-1998 he was Head of Trading and Sales for NatWest Bank in North America.

Between 1993 and1995 he served as Senior Managing Director, running the US based Treasury and Securities operation for CIBC/Wood Gundy in New York. Prior to 1992 he spent 10 years at Citibank and Bank of America both in the US and in Asia.

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Head of Human Resources

Neil Roden

Neil joined The Royal Bank of Scotland Group in 1997 from National Australia Group, where he was General Manager, Human Resources, Europe. During his five years with the National Australia Group, he was responsible for human resources issues during a time of strategic change in their constituent banks, including Clydesdale and Yorkshire Bank. He was previously with Lloyds Bowmaker.

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Chief Executive, Global Transaction Services

Brian Stevenson

Brian runs a new Division of 'RBS' set up to incorporate the worldwide Corporate Payments business of ABN AMRO together with the existing Corporate money transmission areas of RBS. He completed his MBA at Henley Management College, is an Associate of the Chartered Institute of Bankers in the UK (ACIB), and is a fellow of the Chartered Institute of Bankers in Scotland.

In 1970 Brian joined Barclays group and held various positions in Barclays Bank Plc, Barclays Merchant Bank & BZW. In 1983 he moved to New York as Vice President, Corporate Division, Barclays Bank International. In 1986 he moved back to London where he held the position of Corporate Finance Director, Barclays Corporate Division. Brian joined Deutsche Bank in 1992 where he ran the Global Banking Business in London, before becoming the Chief Operating Officer for the same business. Prior to leaving Deutsche Bank, Brian was running the Global Banking business in Asia Pacific from Hong Kong.

In 2004 Brian joined RBS group as Managing Director, Head of Corporate & Institutional Banking, and was Head of Corporates, Global Banking & Markets before taking up his current role.

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