Royal Bank of Scotland picks Alison Rose as its first woman CEO

Royal Bank of Scotland Group Plc promoted Alison Rose to chief executive officer, making her the first woman to run one of Britain’s big four lenders.

Rose, the former head of British commercial and private banking at RBS, was seen as being groomed for the role for years.

She takes over on Nov. 1, set to be the UK’s first day outside the European Union. RBS has said the uncertainty around Brexit has taken it off course from next year’s target of 12% returns on tangible equity. Rose will also be guiding the lender out of state ownership, which has continued for