RBS picks Katie Murray as its new group finance chief

Royal Bank of Scotland has opted for continuity when naming its new finance chief.

On Tuesday, the lender announced that Katie Murray would retain the post of group chief financial officer.

Murray had been serving in that post on an interim basis since the end of September 2018, when her predecessor, Ewen Stevenson, left RBS for rival HSBC.

She joined RBS as Director of Finance in November 2015, going on to be appointed as Ewenson's number two in March 2017.

In line with RBS's remuneration policy, her package includes a base salary of £750,000 and a fixed share allowance of £750,000 per year, with her pension funding set at 10% of salary, which is the rate applicable to the rest of he wider RBS workforce.

The new finance chief will also be eligible for performance pay awards on the basis of long-term incentive awards worth up to 200% of her salary, subject to a requirement that she build-up and maintain a minimum shareholding of 250% of salary.