NatWest Group plc Directorate Change (9997J)
December 16 2022 - 3:33AM
UK Regulatory
TIDMNWG
RNS Number : 9997J
NatWest Group plc
16 December 2022
16 December 2022
NatWest Group plc
Directorate change
NatWest Group plc ('NWG') announces that Stuart Lewis will be
appointed as an independent non-executive director and member of
the Group Board Risk Committee on 1 April 2023. Subject to
regulatory approval, Stuart Lewis will be appointed as Chairman of
the Group Board Risk Committee ('BRC') on 1 August 2023.
Morten Friis has confirmed his intention to step down as a
non-executive director with effect from the close of business on 31
July 2023. Morten will reach the 9 year point in his tenure on 1
April 2023, but has agreed to remain on the Board for an additional
period to allow for an orderly handover of responsibilities to
Stuart Lewis.
Howard Davies, Chairman of NWG, said:
"I would like to thank Morten for his commitment, diligence and
immense contribution since joining as a non-executive director in
2014. He has approached the role of BRC Chair with great skill and
care and we have benefitted significantly from his expertise and
wise counsel. My Board colleagues and I wish him well for the
future.
I am delighted that Stuart is joining the Board as a
non-executive director in April, in advance of taking on the BRC
Chair role, subject to regulatory approval. Stuart will bring
extensive risk management and financial services experience to the
Board, having spent the majority of his executive career with
Deutsche Bank, most recently as Group Chief Risk Officer and a
member of the management board of Deutsche Bank AG."
There are no further matters requiring disclosure under Listing
Rule 9.6.13.
For further information contact:
NatWest Group Investor Relations :
Alexander Holcroft
Head of Investor Relations
+44 (0) 20 7672 1758
NatWest Group Media Relations :
+44 (0) 131 523 4205
LEI: 2138005O9XJIJN4JPN90
Stuart Lewis Biography
Stuart Lewis served 10 years on the Management Board of Deutsche
Bank as Chief Risk Officer, retiring in May 2022. Since joining
Deutsche Bank in 1996, he held senior roles including Deputy Chief
Risk Officer, Global Chief Credit Officer and Chief Credit Officer
for Asia Pacific. He was previously Head of European Credit Risk
Management at Credit Suisse Financial Products. In 2013, Stuart was
elected to the Global Association of Risk Professionals (GARP)
Board of Trustees. He was also a Member of the Foundation Board of
the International Financial Risk Institute (IFRI) and served as
Chair from 2016 to 2018. Stuart is a visiting Professor in Practice
in the Finance Department of the London School of Economics (LSE).
Stuart attended the University of Dundee where he obtained an LLB
(Hons). He also holds a LLM (Merit) from the London School of
Economics and took the Law Society finals examinations at the
College of Law, Guildford.
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END
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