Ms Jetha will succeed Ms Davis as chairman of the technology and innovation centre and will also become a member of the Group Sustainable Banking Committee.

First joining the RBS board in June 2017, Ms Jetha joined the group at a time when it was making changes to its governance structures in readiness for implementation of the ring-fencing regime. Ms Jetha stepped down from the RBS Board in April 2018 in order to serve solely as a director of our key ring-fenced entities, and will continue to serve on those boards after re-joining the RBS Board. 

Howard Davies, chairman of RBS, said: “Alison Davis has served on our board for almost 9 years, and I would like to thank her for the valuable contribution she has made during that time. Alison has chaired the Technology and Innovation Committee and served as a member of the Group Sustainable Banking Committee, Group Performance and Remuneration Committee, and Group Nominations and Governance Committee. 

“Alison’s broad skills, experience and knowledge have greatly benefitted the organisation, particularly in relation to technology and innovation, and she leaves RBS with our best wishes for the future.

“I am delighted that Yasmin has agreed to re-join the RBS Board at this time. Yasmin has played a significant role in ensuring the effectiveness of our ring-fencing governance structures.

“She brings a wealth of retail banking and customer experience to the boardroom, as well as valuable technology and innovation insights and a strong financial services background. I look forward to continuing to work with Yasmin and my fellow Board colleagues, as we focus firmly on becoming a purpose-led organisation.”