Scots chairman to end 40 years with RBS

Ken Barclay, the chairman of Royal Bank of Scotland’s board in Scotland, is to leave the 73 per cent state-owned lender after almost 40 years, it has been reported.

Mr Barclay has spent the last three years in his current role which has seen him spearhead the Edinburgh-based bank’s position in the market for lending to businesses, including small and medium sized enterprises.

Prior to this Mr Barclay played a key role in developing RBS’s corporate banking business.

As managing director for Corporate Coverage in the UK from January 2010 to June 2012, he led an operation that lent to firms with turnover of more than £25 million from 19 centres across the country.

He also ran the Corporate and Institutional Banking operation in Scotland from January 2007 to December 2009.

Mr Barclay joined Royal Bank of Scotland after attending Paisley Grammar from 1971 to 1976, the same school as the bank’s disgraced former Royal Bank chief executive Fred Goodwin.

Other jobs during his for decades with the group have included running the corporate banking business in Asia Pacific as well as creating and heading the group’s Technology, Media and Telecoms banking business in the UK and continental Europe.