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
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter