NatWest welcomes Paul Thwaite as new Group CEO

By Gloria Methri

British banking and insurance holding company, NatWest Group has appointed Paul Thwaite as its Chief Executive Officer and Executive Director with immediate effect. This follows his appointment on an initial 12-month basis in July 2023.

Thwaite has also been appointed as CEO and Executive Director of NatWest Holdings Limited, The Royal Bank of Scotland plc and National Westminster Bank Plc. He previously served as a director of Motability Operations Group plc from 2016 to 2021.

Rick Haythornthwaite, Chair Designate of NatWest Group said, “Paul has shown an unrivalled understanding of this business, our customers, and the growth opportunities. We are both ambitious for this organisation and I fully expect his potent blend of NatWest knowledge and thoughtful, imaginative approach to leadership to prove key to forging success in the rapidly changing landscape of banking. The Board agreed that he was the outstanding candidate and the right person to shape the future of the company.”

Paul Thwaite, NatWest Group CEO said, “I want to thank the Board for their support and the opportunity they have given me. It is an honour to lead what, I believe, is a great business, which plays a vital role in the lives of the 19 million customers we serve. I believe that NatWest, with its heritage, leading customer businesses, deep regional connections, and financial strength, can be a trusted partner to customers during a period of change. It is an exciting time for our sector and our bank. I am confident we can shape the future of NatWest to deliver its full potential.”

Howard Davies, NatWest Group Chairman said, “I am very pleased with the outcome of the process Rick ran. I have worked closely with Paul over the last seven months and am confident that he has all the skills needed to lead the bank forward.”