Page 5 - RBS GRG F Case Study

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Ross McEwan joined the RBS in

2013. McEwan is a radically

different CEO to his predecessor

Stephen Hester, who ran the

bank from 2008 to 2013.

Hester, during his tenure,
shrank the bank's balance sheet

down by £900 billion and cut costs. But against this
background of were huge litigation problems, loss

making investment banking divisions and ongoing

restructuring the U.K. government was not in a position

to attempt the sale of its stake in RBS.

McEwan, by contrast, seemed more in tune with what the

government wanted; a retail bank that was on the path to

privatisation.