RBS appoints Credit Suisse investment banker as new CFO

4th Apr 2014 07:07

Royal Bank of Scotland has confirmed media speculation by appointing a long-running Credit Suisse banker Ewen Stevenson as its new Chief Finance Officer, following the resignation of Nathan Bostock in December.Stevenson, who was born in the UK but raised in New Zealand, joins the UK bank from Credit Suisse where he is currently the Co-Head of its Investment Banking division in Europe, the Middle East and Africa.He has worked for Credit Suisse in the UK and New Zealand throughout this career, which spans 25 years.Stevenson was also one of the architects of the £45bn government bailout of RBS in 2008, advising HM Treasury on the recapitalisations of RBS and Lloyds, as well as the 'good bank/bad bank' restructuring of Northern Rock."I am pleased to welcome Ewen to RBS," said the bank's Chief Executive Ross McEwan. "Ewen has spent many years working with the world's leading banks In recent years he has been a trusted adviser to both governments and company boards on the steps needed to restore confidence in financial institutions following the crisis.BC