RBS eyes head of HSBC UK for top job
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Ian Stuart
Royal Bank of Scotland has approached senior HSBC executive Ian Stuart about replacing outgoing chief executive Ross McEwan, according to reports.
Ian Stuart is chief of HSBC’s operations in the UK and the Financial Times said he is one of the leading external candidates to succeed Mr McEwan.
Mr McEwan said in April he planned to stand down once a successor was appointed and last week it was announced by Edinburgh-based RBS that Mr McEwan will take up the role of chief executive at former Clydesdale owner National Australia Bank next year.
A 38-year career in banking has seen Mr Stuart spend 22 years at Natwest, which RBS bought in 2000 before he moved to Barclays in 2007 and then on to HSBC as head of commercial banking operations in the UK and Europe in 2014.
Mr Stuart was appointed chief executive of HSBC’s ring-fenced UK bank in 2017.
He is thought to face strong competition for the top job at RBS from internal candidates including Alison Rose who was appointed deputy chief executive and director of Natwest Holdings, in November. This contains the bulk of the bank’s operations.
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