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RBS set to appoint ex-regulator Howard Davies chairman - FT

Published 23/02/2015, 12:06
© Reuters. A man walks past a Royal Bank of Scotland building in central London
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LONDON (Reuters) - Royal Bank of Scotland (L:RBS) is set to appoint Howard Davies as its next chairman, replacing Philip Hampton, the Financial Times reported on Monday, citing three people familiar with the bank's plans.

Davies, a former head of the Financial Services Authority, is expected to take up the role over the summer and an announcement could come this week, the FT reported.

RBS had previously announced that Hampton would step down this year. He is due to become chairman of drugmaker GlaxoSmithKline (L:GSK).

© Reuters. A man walks past a Royal Bank of Scotland building in central London

RBS declined to comment.

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