NatWest chief executive resigns

The dispute stems from the closure of the former MEP’s account at Coutts, the private banking and wealth management firm that services high net worth individuals which is owned by NatWest. Rose resigned after Farage complained to the BBC about a report that claimed his accounts were closed for commercial reasons.  

In response to the resignation, Howard Davies – chairman of the board at NatWest – said: “It is a sad moment. She has dedicated all her working life so far to NatWest and will leave many colleagues who respect and admire her.” 

Rose added: “I remain immensely proud of the progress the bank has made in supporting people, families and business across the UK, and building the foundations for sustainable growth. My NatWest colleagues are central to that success, and so I would like to personally thank them for all that they have done.”

Subject to regulatory approval and for an initial period of 12 months, the board has appointed Paul Thwaite – currently the chief executive of its commercial and institutional business – to take over the responsibility of leading NatWest Group.