Richard joins the Group from PricewaterhouseCoopers (PwC) where he has been a partner since 2008. He has over 20 years of strategy consulting experience and currently leads PwC’s Corporate Strategy team focusing on Financial Services. Prior to joining PwC Richard was Managing Partner for Marakon Associates in the UK.

He will take up his new position during March 2012 and will report to the Group Chief Executive, Stephen Hester, and Group Finance Director, Bruce Van Saun.

Stephen Hester said, "We welcome Richard to RBS. He brings strong experience in financial services strategy and we are pleased to have him join our team."

For further information contact: RBS Group Media Centre +44 131 523 4205.

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