RBS Said to Keep Matheson as Retail Head in Management Overhaul

Royal Bank of Scotland Group Plc plans to name Les Matheson head of its consumer-lending unit, the job he holds on an interim basis, according to a person with knowledge of the decision.

Chief Executive Officer Ross McEwan plans to announce the appointment, and that of a new finance director, when he lays out his strategy for the Edinburgh-based bank this month, said the person, who asked not to be identified because the decision hasn’t been made public. The appointments are subject to regulatory approval and so could be delayed, the person said.

McEwan, 56, was head of the consumer unit until he replaced Stephen Hester as chief executive officer of Britain’s biggest government-owned bank in October. RBS is looking for a new finance director after Nathan Bostock said he was quitting to become deputy CEO and chief risk officer of Banco Santander SA (SAN)’s U.K. unit.

Bostock, 53, was named chief financial officer in May to succeed Bruce Van Saun from October. RBS spokesman Erfan Hussain declined to comment. Matheson didn’t immediately return a call.

The Financial Times reported the news earlier today. RBS is scheduled to report full-year earnings on Feb. 27.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Simone Meier at smeier@bloomberg.net

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