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NatWest appoints former Nationwide CFO to its UK bank board

Published 01/09/2023, 09:28
Updated 01/09/2023, 09:30
© Reuters. FILE PHOTO: A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. Picture taken September 21, 2017.  REUTERS/Phil Noble/File Photo
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LONDON (Reuters) - NatWest (LON:NWG) has appointed Mark Rennison, a former Nationwide Building Society (LON:NBS) Chief Financial Officer, to the board of its ring-fenced retail bank, the British lender said on Friday.

Rennison will serve as a non-executive independent director on the board of NatWest Holdings Limited (NWH), which contains the lender's retail, commercial and wealth banking businesses.

© Reuters. FILE PHOTO: A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. Picture taken September 21, 2017.  REUTERS/Phil Noble/File Photo

Those units were separated from other riskier banking divisions at British banks following post-2008 financial crisis rules aimed at protecting individual savers and small businesses.

Rennison's appointment follows Graham Beale stepping down from the NWH board on Aug. 31, as NatWest announced in April.

 

 

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