NatWest Group has picked a brand new head of its excessive avenue department community within the lender’s first vital appointment since ending its 17-year tenure in partial taxpayer possession.
Ms Chamberlain, who has labored for NatWest since 2019, will take up her new position on July 1, topic to regulatory approval.
A former funding banker, she’s going to report back to Paul Thwaite, the financial institution’s group chief government.
Her earlier roles at NatWest embody chief working officer of its business financial institution and extra just lately as group director of strategic improvement.
NatWest’s retail financial institution has greater than 18 million clients throughout Britain, making it one of many trade’s 4 largest retail banks alongside Barclays, HSBC and Lloyds Banking Group.
The latest acquisition of Sainsbury’s Financial institution added 1m accounts to NatWest’s retail buyer base.
Mr Thwaite mentioned in a press release that Ms Chamberlain’s “knowledge of our customers, sharp strategic thinking, and track record of transformation delivery will help us to grow our retail business and succeed with customers”.
On Friday, the Treasury bought the final of its shareholding in NatWest, having bailed out the then Royal Financial institution of Scotland with £45.5bn of taxpayers’ cash in the course of the 2008 monetary disaster.
On Monday, shares within the financial institution have been buying and selling at round 524.6p, giving it a market worth of greater than £42bn.
