RBS 2004 Annual Report Download - page 117

section
02
115
Annual Report and Accounts 2004
Board of directors and secretary
Governance
Chairman
Sir George Mathewson (age 64)
CBE, DUniv, LLD, FRSE, FCIBS
C (Chairman), N (Chairman)
Appointed to the Board in
September 1987 and as
Chairman in April 2001, Sir
George Mathewson has a wide
background in finance,
technology and management
and spent some of his career
in the United States. He
became Group Chief Executive
in January 1992 and in March
2000, he was appointed
Executive Deputy Chairman.
He is a director of The Scottish
Investment Trust PLC and the
Institute of International
Finance, Inc. He is also vice-
president of the International
Monetary Conference, a
member of the Advisory
Committee of Bridgepoint
Capital Limited and a member
of the Financial Reporting
Council. He was chief
executive of the Scottish
Development Agency from
1981 to 1987 and is a former
president of the British
Bankers’ Association.
Vice-chairmen
Lord Vallance of Tummel (age 61)
FCIBS
C
Appointed to the Board in
January 1993 and as Vice-
Chairman in March 1994, Lord
Vallance is an experienced
businessman who is currently
chairman of the European
Services Forum and a director
of the supervisory board of
Siemens AG. He is also a
member of the European
Advisory Council of the
Rothschild Group and the
European Advisory Committee
of the NYSE. He held a range
of other positions including
president of the CBI, chairman
of British Telecommunications
Plc and deputy chairman of the
Financial Reporting Council. He
was also a member of the
board of directors of the Mobil
Corporation.
Sir Angus Grossart (age 67)
CBE, DBA, LLD, FRSE, DL,
FCIBS, D.Litt
C
Appointed to the Board in
September 1985 and as Vice-
Chairman in April 1996, Sir
Angus Grossart is an advocate
and Chartered Accountant with
a career in merchant banking.
He is chairman and chief
executive of Noble Grossart
Limited. His directorships of
public companies include
Scottish and Newcastle Plc
and Trinity Mirror Plc. He is a
trustee of the National Heritage
Memorial Fund and a former
chairman of the trustees of the
National Galleries of Scotland.
He has also served on the
boards of a wide range of
other companies in the UK, the
USA and Canada.
Executive directors
Sir Fred Goodwin (age 46)
DUniv, FCIBS, FCIB, LLD
Group Chief Executive
C
Appointed to the Board in
August 1998, Sir Fred Goodwin
is a Chartered Accountant. He
was formerly chief executive
and director, Clydesdale Bank
PLC and Yorkshire Bank PLC.
He is chairman of The Prince’s
Trust and a former president of
the Chartered Institute of
Bankers in Scotland.
Lawrence Fish (age 60)
Chairman, President and Chief
Executive Officer of Citizens
Financial Group, Inc.
Appointed to the Board in
January 1993, Lawrence Fish
is an American national. He is
a career banker and was a
director of the Federal Reserve
Bank of Boston. He is a trustee
of The Brookings Institution
and a director of the Financial
Services Roundtable, Textron
Inc., and numerous community
organisations in the USA.
Gordon Pell (age 54)
FCIBS, FCIB
Chairman, Retail Banking and
Wealth Management
Appointed to the Board in
March 2000, Gordon Pell was
formerly group director of
Lloyds TSB UK Retail Banking
before joining National
Westminster Bank Plc as a
director in February 2000 and
then becoming chief executive,
Retail Banking. He is currently
also a director of Race for
Opportunity and Southampton
University Development Trust.
Fred Watt (age 44)
FCIBS
C
Group Finance Director
Appointed to the Board in
September 2000, Fred Watt
is a Chartered Accountant.
He was formerly finance
director of Wassall plc.
Non-executive directors
Colin Buchan* (age 50)
A (Acting Chairman), R
Appointed to the Board in
June 2002, Colin Buchan was
educated in South Africa and
spent the early part of his
career in South Africa and the
Far East. He has considerable
international investment
banking experience, as well as
experience in very large risk
management in the equities
business. He was formerly a
member of the group
management board of UBS AG
and head of equities of UBS
Warburg. He is vice-chairman
of Standard Life Investments
Limited and a director of
Merrill Lynch World Mining
Trust Plc, Merrill Lynch Gold
Limited, Royal Scottish National
Orchestra Society Limited, UBS
Securities Canada Inc. and
World Mining Investment
Company Limited.
Jim Currie* (age 63)
D.Litt
R
Appointed to the Board in
November 2001, Jim Currie is
a highly experienced senior
international civil servant who
spent many years working in
Brussels and Washington. He
was formerly director general
at the European Commission
with responsibility for the EU’s
environmental policy and
director general for Customs
and Excise and Indirect
Taxation. He is also a director
of British Nuclear Fuels PLC
and Total Holdings UK Limited,
an international adviser to
Eversheds and a consultant to
Butera & Andrews UK Limited.
Archie Hunter* (age 61)
A (Chairman Designate)
Appointed to the Board in
September 2004, Archie
Hunter is a Chartered
Accountant. He was Scottish
senior partner of KPMG
between 1992 and 1999 and
President of The Institute of
Chartered Accountants of
Scotland in 1997/8. He has
extensive professional
experience in the UK and
North and South America. He
is currently chairman of
Macfarlane Group plc, a
director of Edinburgh US
Tracker Trust plc, Convenor of
Court at the University of
Strathclyde and a governor
of the Beatson Cancer
Research Institute.
Charles ‘Bud’ Koch (age 58)
Appointed to the Board in
September 2004, Bud Koch is
an American national. He has
extensive professional
experience in the USA and is
currently chairman of the
board of the Federal Home
Loan Bank of Cincinnati,
chairman of the board of John
Carroll University and a trustee
of Case Western Reserve
University. He was the
chairman, president and chief
executive officer of Charter
One Financial, Inc. and its
wholly owned subsidiary,
Charter One Bank, N.A
between 1973 and 2004.
Joe MacHale* (age 53)
A
Appointed to the Board in
September 2004, Joe MacHale
is currently a non-executive
director and chairman of the
audit committee of Morgan
Crucible plc and a trustee
of MacMillan Cancer Relief.
He held a number of senior
executive positions with J P
Morgan between 1979 and
2001 and was latterly chief
executive of J P Morgan
Europe, Middle East and
Africa Region.
Eileen Mackay* (age 61)
CB, FCIBS
A, R
Appointed to the Board in May
1996, Eileen Mackay is a
former senior UK civil servant
who held posts in Scotland,
HM Treasury and the Cabinet
Office and was principal
finance officer at The Scottish
Office. She is a director of
Edinburgh Investment Trust
plc, Scottish Financial
Enterprise and The British
Library. She is also chairman of
the trustees of the David Hume
Institute and a trustee of the
Carnegie Trust for the
Universities of Scotland.
Iain Robertson (age 59)
CBE, FCIBS
Chairman, Corporate Banking
and Financial Markets
Appointed to the Board in
January 1993, Iain Robertson
is a Chartered Accountant.
He is chairman of British
Empire Securities and General
Trust plc, Cairn Capital Limited
and BT Scotland, and a director
of John Menzies plc.
Sir Steve Robson* (age 61)
A
Appointed to the Board in July
2001, Sir Steve Robson is a
former senior UK civil servant,
who had responsibility for a
wide variety of Treasury
matters. His early career
included the post of Private
Secretary to the Chancellor of
the Exchequer and
secondment to ICFC, (now 3i).
He was also a Second
Permanent Secretary of HM
Treasury, where he was
managing director of the
Finance and Regulation
Directorate. He is a non-
executive director of Cazenove
Group Plc, Xstrata Plc and
Partnerships UK plc, and a
member of the Chairman’s
Advisory Committee of KPMG.
Bob Scott* (age 63)
CBE, FCIBS
C, N, R (Chairman)
Appointed to the Board in
January 2001, Bob Scott is an
Australian national. He is the
senior independent director.
Bob Scott has many years
experience in the international
insurance business and played
a leading role in the
consolidation of the UK
insurance industry. He is a
former group chief executive of
CGNU plc and chairman of the
board of the Association of
British Insurers. He is chairman
of Yell Group plc, a non-
executive director of Swiss
Reinsurance Company (Zurich),
Jardine Lloyd Thompson
Group plc and Focus Wickes
Group Limited, and a trustee of
the Crimestoppers Trust.
Peter Sutherland* (age 58)
KCMG
N
Appointed to the Board in
January 2001, Peter Sutherland
is an Irish national. He is a
former attorney general of
Ireland and from 1985 to 1989
was the European
commissioner responsible for
competition policy. He is
chairman of BP Plc and
Goldman Sachs International
and a director of Investor AB.
He was formerly chairman of
Allied Irish Bank and a director
general of GATT and the World
Trade Organisation.
Group Secretary and
General Counsel
Miller McLean (age 55)
FCIBS
C
Miller McLean was appointed
Group Secretary in August
1994. He is a trustee of the
Industry and Parliament Trust,
a non-executive chairman of
The Whitehall and Industry
Group and a director of The
Scottish Parliament and
Business Exchange.
Amember of the Audit
Committee
Cmember of the Chairman’s
Advisory Group
Nmember of the Nominations
Committee
Rmember of the Remuneration
Committee
*independent non-executive
director