TIDM83NF TIDMTTM

RNS Number : 2698F

Natwest Markets PLC

18 March 2022

NatWest Markets Plc

NatWest Markets Plc announces interim CFO

NatWest Markets Plc ("NatWest Markets"), announces today that Simon Lowe, Director of Finance for NatWest Markets will take on the role of interim CFO for NatWest Markets. Simon Lowe will replace current NatWest Markets CFO David King, who announced his resignation in November 2021. David King will step down from his CFO role, his role as an Executive Director of NatWest Markets and his role on the Supervisory Board of NatWest Markets N.V. on 1 April. Simon Lowe will join the Supervisory Board of NatWest Markets N.V. on an interim basis as an observer.

Simon Lowe has worked at NatWest Markets for over 16 years and has most recently been responsible for the Financial Control, Product Control and Valuation teams. In his interim position he will join Robert Begbie's management team, as well as NatWest Group plc's Finance Executive Committee. Simon Lowe and David King will continue to work together to transition David King's responsibilities. NatWest Markets is undertaking an internal and external search for David King's permanent successor as CFO.

Robert Begbie, CEO of NatWest Markets, said:

"I look forward to welcoming Simon to my leadership team and thank David for all that he has delivered in his role. Our Markets business continues to unlock potential for customers across NatWest by connecting them to international wholesale and capital markets, and collaborating with them to provide the risk management and financing solutions that help them realise their potential and thrive."

For further information, please contact:

Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 (0) 207 672 1758

RBS Media Relations

+44 (0) 131 523 4205

Legal Entity Identifiers

 
 NatWest Markets Plc     RR3QWICWWIPCS8A4S074 
  NatWest Markets N.V.    X3CZP3CK64YBHON1LE12 
 

Forward-looking statements

This document contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, such as statements that include, without limitation, the words 'expect', 'estimate', 'project', 'anticipate', 'commit', 'believe', 'should', 'intend', 'will', 'plan', 'could', 'probability', 'risk', 'Value-at-Risk (VaR)', 'target', 'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic', 'prospects' and similar expressions or variations on these expressions. These statements concern or may affect future matters, such as NWM Group's future economic results, business plans and current strategies. In particular, this document may include forward-looking statements relating to NWM Group in respect of, but not limited to: the impact of the Covid-19 pandemic, NWM Plc's regulatory capital position and related requirements, its financial position, profitability and financial performance (including financial, capital, cost savings and operational targets), the NWM Group refocusing and implementation of NatWest Group's Purpose-led strategy, its ESG and climate related targets, its access to adequate sources of liquidity and funding, increasing competition from new incumbents and disruptive technologies, its exposure to third party risks, its ongoing compliance with the UK ring-fencing regime and ensuring operational continuity in resolution, its credit exposures under certain specified scenarios, substantial regulation and oversight, ongoing legal, regulatory and governmental actions and investigations, the transition of LIBOR and other IBOR rates to alternative risk free rates and NWM Group's exposure to economic and political risks (including with respect to Brexit and climate change), operational risk, conduct risk, financial crime risk, cyber, data and IT risk, key person risk and credit rating risk. Forward-looking statements are subject to a number of risks and uncertainties that might cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statements. Factors that could cause or contribute to differences in current expectations include, but are not limited to, the impact of the Covid-19 pandemic, the outcome of legal, regulatory and governmental actions and investigation, legislative, political, fiscal and regulatory developments, accounting standards, competitive conditions, technological developments, interest and exchange rate fluctuations, general economic and political conditions and the impact of climate related risks and the transitioning to a net zero economy. These and other factors, risks and uncertainties that may impact any forward-looking statement or NWM Group's actual results are discussed in NWM Plc's 2020 Annual Report and Accounts (ARA) and other public filings. The forward-looking statements contained in this document speak only as of the date of this document and NWM Group does not assume or undertake any obligation or responsibility to update any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except to the extent legally required.

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March 18, 2022 05:30 ET (09:30 GMT)

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