Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. 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 On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: 'for the first time since 1981, I have to watch politics'

Profile: 'for the first time since 1981, I have to watch politics'

James Hambro & Partners’ William Francklin says he is having to factor politics into his thinking for the first time in his 36-year career

Wealth Manager on Twitter