Finance Feeds logo

Chris Marks steps down as CEO of NatWest Markets

Maria Nikolova

Robert Begbie, RBS Treasurer, has been appointed Interim NWM Chief Executive Officer.

The Royal Bank of Scotland Group plc (LON:RBS) today announced changes at the top of its subsidiaries Natwest Markets Plc (NWM) and Natwest Markets N.V. (NWM N.V.).

Chris Marks

Chris Marks is stepping down as CEO of Natwest Markets Plc, whereas Richard Place is stepping down as Chief Financial Officer of Natwest Markets Plc. Chris Marks has also stepped down as Chair, and Richard Place as a member, of the NWM N.V. Supervisory Board.

The company has undertaken an internal and external search for successors with permanent appointments to be announced in due course.

During the search period, Robert Begbie, RBS Treasurer, will serve as Interim NWM Chief Executive Officer and will join the NWM Board and the NWM N.V. Supervisory Board. Robert Horrocks, RBS Treasury Finance Director, has been appointed Interim NWM Chief Financial Officer. All appointments are subject to regulatory approval.

To assist with an orderly transition, Chris Marks will remain with RBS until June 2020, and Richard Place until March 2020.

Alison Rose, Chief Executive of RBS, commented:

“The Directors of RBS and NatWest Markets and I would like to thank Chris and Richard for their commitment and dedication to this bank, its staff and its clients. They have set the foundations for the continuing transformation and simplification across NatWest Markets as RBS has been re-shaped to focus on serving its customers in the UK and Ireland, whilst also managing complex organisational changes around ring-fencing and Brexit.

Chris Marks said:

“I am proud to have been a part of the journey to transform the bank and I’d like to thank the many talented people I’ve had the pleasure of working with. In the face of challenging operating conditions, we continued to provide market-leading products and services to our clients, whilst being relentless in improving efficiency. I wish the new leadership team all the best for the future and am confident that they can build on the considerable progress we have made in recent years.”

Subscribe

Read this next

Fintech

Sumsub adopts Europe’s new KYC standards for crypto

“Businesses are facing a rising regulatory tide where properly preparing for compliance is crucial. There is now a simple choice, whether to implement solutions that can deliver this, or instead risk significant financial and reputational damages.”

Chainwire

Bybit Web3 Launches Industry’s First Bitcoin Layer 2 Airdrop Campaign, Paving the Way for a New Bitcoin Era

Bybit, one of the world’s top three crypto exchanges by volume, is excited to announce that Bybit Web3 is launching the industry’s first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade.

Bybit pacman gaming
Retail FX

Vantage observes results of US$100,000 donation to UNHCR

Vantage’s US$100,000 donation has helped approximately 788 refugees, internally displaced persons (IDPs), and returnees in 2023 alone.

Executive Moves

Tradition hires Michel Everaert to integrate data science and AI

“I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”

Retail FX

IBKR extends US Treasury bond trading to 22 hours per day

US Treasury bonds are highly sought after by investors seeking stability and security in their portfolios as these instruments are often considered one of the safest investment options. 

Market News

Navigating Yen Depreciation and Euro Resilience in Global Markets

Amidst the persistent depreciation of the Japanese yen against the US dollar, pressure mounts on Japanese policymakers to translate their verbal assurances into tangible actions.

acy securities logo
Digital Assets

El Salvador refutes rumors of Bitcoin wallet hack

Chivo Wallet, El Salvador’s official cryptocurrency wallet, has dismissed reports of a hack involving its software source code and the data of over 5 million users associated with its KYC (Know Your Customer) procedures.

blockdag

Best Crypto to Buy: BlockDAG Presale Hits $20.1M Following Moon-Shot Keynote Teaser as Dogecoin & Shiba Inu Prices Plummet

This landmark achievement sets it apart in the cryptocurrency landscape, where traditional favorites like Dogecoin and Shiba Inu are witnessing a price decline.

BlockDAG to the moon
Digital Assets

MetaMask developer sues SEC over regulatory overreach

Ethereum ecosystem developer Consensys Software has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the agency’s regulatory actions concerning Ethereum and its related services.

<
✖