Following months of speculation, Alison Rose has been named Chief Executive of RBS.
Rose is the fist woman to be in charge of one of Britain’s biggest banks.
She will take over the role as of 1 November.
Rose has been at RBS for 27 years.
What does this mean?
Rose is the first female CEO at any of the Big Four banks in the UK. She has a mammoth task ahead as the UK leaves the EU and the financial services sector continues to evolve, but will continue her work in bringing the bank forward and cementing its position.