Finance
NatWest CEO Shrinks Executive Team Weeks After Securing Top Job
- Several departures as bank’s top team falls to 10 people
- Paul Thwaite replaced Alison Rose permanently in February
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NatWest Group Plc Chief Executive Officer Paul Thwaite revamped his top team as he looks for ways to cut costs and boost returns just weeks into his permanent tenure atop the British lender.
With the changes, NatWest is creating a new chief operating office, led by the firm’s former chief people and transformation officer Jen Tippin, according to a person familiar with the matter. The new group will oversee Tippin’s former unit as well as the firm’s communications, governance, marketing, legal and regulatory affairs teams, the person said, asking not to be identified discussing personnel matters.