The Royal Bank of Scotland has appointed Alison Rose as its new chief executive.
Ms Rose, 49, will be the first woman to run the state-owned lender, the first woman to run a large bank in Britain and one of only a handful of female banking bosses around the world.
She had been regarded as the favourite to replace Ross McEwan, who is leaving after eight years.
Ms Rose has worked at RBS since 1992 when the joined Natwest, part of the group, as a trainee. She rose through the ranks under Fred Goodwin, but that has not held her back. She was elevated to the executive committee in 2014 and last December was promoted to deputy chief executive of its ring-fenced bank, which includes…