Friday, January 16, 2009
It's Official, Sir Philip Hampton To Be RBS Chairman
Earlier today the BBC reported that Sir Philip Hampton has agreed to take the chairmanship of the Royal Bank of Scotland (RBS). Sir Philip, who is currently the chairman of Sainsbury, will replace the current chairman Sir Tom Mckillop, who has announced his resignation. Sir Tom’s resignation comes after the bank has undergone a series of financial difficulties and top management related changes. As a result of the financial crisis RBS has already been partially nationalized by the UK government. Earlier this week we ran a blog discussing the possibility that Sir Philip might take the RBS Chairmanship.