Ross McEwan at a press conference in Melbourne this morning with Philip Chronican, interim chief executive and chairman elect of National Australia Bank DANIEL POCKETT / EPARoss McEwan, chief executive of Royal Bank of Scotland, will become head of one of Australia’s biggest banks when he steps down from the British bank in the next few months. The New Zealander will return to his roots by taking over as chief executive of National Australia Bank (NAB), eight years after moving to the UK to join RBS. Having led RBS through eight tough years involving regulatory investigations and fines, thousands of redundancies and continuing criticism of its past misconduct, Mr McEwan will step into another difficult situation. Australia’s banking industry was severely criticised after a year-long royal commission for misconduct, such as continuing to charge fees to the families of dead customers. NAB was singled out for particular condemnation by Kenneth Hayne,…

Source: The Times July 19, 2019 07:52 UTC