NatWest Group has picked a brand new head of its excessive avenue department community within the lender’s first important appointment since ending its 17-year tenure in partial taxpayer possession.
Ms Chamberlain, who has labored for NatWest since 2019, will take up her new function on 1 July, topic to regulatory approval.
A former funding banker, she’s going to report back to Paul Thwaite, the financial institution’s group chief govt.
Her earlier roles at NatWest embody chief working officer of its industrial financial institution and extra lately as group director of strategic growth.
NatWest’s retail financial institution has greater than 18 million prospects throughout Britain, making it one of many trade’s 4 largest retail banks alongside Barclays, HSBC and Lloyds Banking Group.
The latest acquisition of Sainsbury’s Financial institution added 1 million accounts to NatWest’s retail buyer base.
Mr Thwaite stated in an announcement that Ms Chamberlain’s “knowledge of our customers, sharp strategic thinking, and track record of transformation delivery will help us to grow our retail business and succeed with customers”.
On Friday, the Treasury offered the final of its shareholding in NatWest, having bailed out the then Royal Financial institution of Scotland with £45.5bn of taxpayers’ cash through the 2008 monetary disaster.
On Monday, shares within the financial institution have been buying and selling at round 524.6p, giving it a market worth of greater than £42bn.
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