Bloomberg News

RBS Hires Kibble From PwC to Lead Strategy and Corporate Finance

January 08, 2012

Jan. 6 (Bloomberg) -- Royal Bank of Scotland Group Plc, the U.K.’s largest government-owned bank, hired Richard Kibble from PricewaterhouseCoopers LLP as group director of strategy and corporate finance.

Kibble, 43, will start work in March and will report to Chief Executive Officer Stephen Hester and Finance Director Bruce Van Saun, Edinburgh-based RBS said in a statement today. Kibble has been a partner at PwC from 2008 and before that was managing partner at Marakon Associates.

RBS this week hired Lazard Ltd. to advise on the sale of parts of its equities unit, including stockbroker Hoare Govett, said a person with knowledge of the talks. Hester is shrinking the lender’s securities unit after the bank received the biggest banking bailout in the world in 2008. Hester said in November plans by the government-backed Independent Commission on Banking will force the lender to cut the division further.

--Editors: Jon Menon, Stephen Taylor

To contact the reporter on this story: Howard Mustoe in London at

To contact the editor responsible for this story: Edward Evans at

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