The Royal Bank of Scotland has named Alison Rose as its new chief executive, making her the first woman to head one of Britain’s biggest high street lenders.

Ms Rose, who was widely tipped to get the role at the publicly-owned bank, will succeed outgoing boss Ross McEwan on 1 November.

Joining the bank as a graduate trainee 27 years ago, she is currently chief executive of its commercial and private banking arm, as well as deputy CEO of Natwest Holdings.

She also led a government-commissioned review into the barriers holding back female entrepreneurs, which reported earlier this year.

Her appointment makes RBS the only company in the FTSE 100 index with women in its top two executive positions, after Katie Murray was promoted to the chief financial officer role in January.

Mr McEwan, who has led the bank since 2013, announced his plans to leave the job in April.

He is due to take over as chief executive of National Australia Bank.

Ms Rose told investors it is an “exciting new chapter” for the bank as…

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Royal Bank of Scotland names Alison Rose as new boss | Business News
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