Natwest Markets appoints Robert Begbie as CEO

Maria Nikolova

Robert Begbie, Interim NWM Chief Executive Officer since December 2019, has been appointed NWM Chief Executive Officer.

The Royal Bank of Scotland Group plc (RBS) and its subsidiaries, Natwest Markets Plc (NWM) and Natwest Markets N.V. (NWM N.V.), today announce appointments to the NWM Executive Management team and Board.

Robert Begbie, Interim NWM Chief Executive Officer since December 19, 2019, has been appointed NWM Chief Executive Officer. Mr Begbie will continue to serve as a member of the NWM Board and as Chair of the NWM N.V. Supervisory Board.

Robert Begbie, CEO of NatWest Markets Plc, said:

“I am delighted to have the opportunity to lead NatWest Markets. We have made considerable progress in refocussing the business following the strategic announcement in February and we will continue to build upon this during the medium term.”

Robert Begbie

Robert Begbie has been with RBS for 40 years and has extensive experience in treasury and capital markets. During his career, he has built successful capital markets businesses across fixed income, derivatives, asset management and cash markets and led teams in the UK, Europe, Asia and the US.

After spending 20 years in RBS’s Markets business, he joined RBS Treasury in 2009 where he was instrumental in transforming the RBS balance sheet. In 2017, he was appointed as RBS Treasurer with responsibilities for all aspects of Treasury and the management of the bank’s balance sheet.

Robert Begbie holds an MBA from CASS Business School and is a former president of The Chartered Institute of Bankers in Scotland (London Branch).

David King, former CEO of MUFG Securities EMEA plc, has been appointed NWM Chief Financial Officer, replacing the Interim NWM Chief Financial Officer Robert Horrocks. David King will join the NWM Board as an Executive Director.

RBS also announces that Donal Quaid, interim Group Treasurer since December 2019, has been appointed Group Treasurer.

Alison Rose, Chief Executive of RBS, commented:

“We’re very pleased to make these appointments. When I took over as CEO, re-focusing NatWest Markets was one of my top priorities, and our work here is well underway to deliver against the strategy set out in February. These appointments will allow us to continue the transformation and refocusing process across NatWest Markets that we announced in February and establish a business that delivers even greater benefits for our bank and our customers.

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