Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

RBS boss McEwan handed £1.5m of shares

RBS boss McEwan handed £1.5m of shares

Royal Bank of Scotland chief executive Ross McEwan has been handed £1.5 million of shares in the bank.

McEwan took over from former chief executive Stephen Hester in October, but the shares are linked to a previously agreed recruitment package dating back to when he joined RBS in 2012.

In an announcement to the stock exchange RBS said it had awarded McEwan 454,106 shares worth £1.54 million.

McEwan (pictured) will not be able to sell the shares for six months.

RBS told the Daily Telegraph that McEwan would not sell the shares while he was chief executive of the bank.

‘Ross McEwan will not sell any shares in RBS while he is chief executive of the bank. He wants everyone to have confidence that his interests are 100% aligned with our customers and our shareholders, including UK taxpayers,’ it said.

‘The bank will always automatically sell shares when they vest to cover tax liabilities.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter