NatWest boss Dame Alison Rose has resigned from her position after admitting to being the source of an inaccurate story about Nigel Farage’s finances.
In a statement released early on Wednesday morning, NatWest Group chairman Sir Howard Davies said: “The Board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group. 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.”
NatWest’s board of directors announced that Paul Thwaite, the current chief executive of the company’s Commercial and Institutional business, would take over Dame Alison’s responsibilities for an initial period of 12 months, pending regulatory approval.
Dame Alison had earlier admitted that she made a “serious error of judgment” by having a conversation about Farage’s banking arrangements with Simon Jack, the BBC’s business editor, at a charity dinner.
