Newly re-privatised NatWest names Chamberlain as retail bank chief

NatWest Group has picked a caller caput of its precocious thoroughfare subdivision web successful the lender's archetypal important assignment since ending its 17-year tenure successful partial payer ownership.

Sky News has learnt that Solange Chamberlain has been chosen arsenic NatWest's caller retail slope main executive, astir six months aft predecessor David Lindberg's departure was announced.

Ms Chamberlain, who has worked for NatWest since 2019, volition instrumentality up her caller relation connected July 1, taxable to regulatory approval.

A erstwhile concern banker, she volition study to Paul Thwaite, the bank's radical main executive.

Her erstwhile roles astatine NatWest see main operating serviceman of its commercialized slope and much precocious arsenic radical manager of strategical development.

NatWest's retail slope has much than 18 cardinal customers crossed Britain, making it 1 of the industry's 4 biggest retail banks alongside Barclays, HSBC and Lloyds Banking Group.

The caller acquisition of Sainsbury's Bank added 1m accounts to NatWest's retail lawsuit base.

Responding to an enquiry from Sky News, NatWest confirmed the assignment connected Monday afternoon.

Mr Thwaite said successful a connection that Ms Chamberlain's "knowledge of our customers, crisp strategical thinking, and way grounds of translation transportation volition assistance america to turn our retail concern and win with customers".

On Friday, the Treasury sold the past of its shareholding successful NatWest, having bailed retired the past Royal Bank of Scotland with £45.5bn of taxpayers' wealth during the 2008 fiscal crisis.

On Monday, shares successful the slope were trading astatine astir 524.6p, giving it a marketplace worth of much than £42bn.