RBS appoints former FSA regulator as head of conduct and regulatory affairs

RBS appoints former FSA regulator as head of conduct and regulatory affairs

The Royal Bank of Scotland Group has appointed Jon Pain as Group Head of Conduct and Regulatory Affairs.

Our news

30 May 2013

Jon will be a member of the Group Executive Committee with responsibility for oversight of conduct and compliance globally across all RBS divisions as well as strategic leadership of the Group’s relationships with regulators. This is a newly created role which reports directly to Group Chief Executive Stephen Hester.

Jon has over 30 years experience working across the banking industry, most recently as Partner for Financial Services with KPMG. Prior to this, he was Managing Director, Supervision for the Financial Services Authority leading the regulator’s supervisory actions to restructure, recapitalise and strengthen the banking sector. 

From 1973-2007 he held a number of senior positions across Lloyds, including MD for Cheltenham & Gloucester, MD for General Insurance and MD for Private Banking.

Stephen Hester, RBS Chief Executive, said: “I am delighted that we have recruited someone of Jon’s experience to this new and important role. The creation of this position sends a clear message about how we want to do business - serving customers well, completing our return to a safe and conservative risk profile, and generating sustainable returns for shareholders.

“If we achieve these objectives, and do so in the right way, RBS will become a really good bank. Jon will be an excellent addition to the management team and I look forward to working with him when he takes up the position.”

Posted In

Our news

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

Set Tab for lightbox