RBS appoints new CFO

Ms Murray joined RBS as director of finance in November 2015 and was appointed as deputy CFO in March 2017. 

She was appointed interim CFO when Ewen Stevenson left the bank at the end of September 2018.

She will also be appointed as executive director and CFO on the boards of NatWest, The Royal Bank of Scotland plc, National Westminster Bank Plc and Ulster Bank Limited. 

Her remuneration package includes a base salary of £750,000 per annum and a fixed share allowance of £750,000 per annum.

RBS Chairman Howard Davies said: “I am pleased to welcome Katie to the RBS Board following a successful period as Interim CFO. Katie brings nearly 30 years of Finance and Accounting experience in capital management, investor relations and financial planning to the role.  She has already contributed significantly to RBS over the last three years as the bank has resolved its last major legacy issues, returned to profit and restarted paying dividends.”

Previous to her roles at RBS, Ms Murray was group finance director for Old Mutual Emerging Markets, based in Johannesburg from 2011-2015, having held various roles in Old Mutual from 2002.

Prior to this she worked at KPMG for 13 years.

A Chartered Accountant having trained in Scotland and a member of The Institute of Chartered Accountants of Scotland, Ms Murray said: “I am delighted to take up this role and look forward to working with my colleagues on the Board, the Executive Committee and across RBS as we continue to build a bank that is simple and safe for customers, produces positive returns for shareholders and makes a major contribution to the UK economy.”