NatWest is set to kick several big bankers out as part of a sweeping overhaul of its investment bank, as new boss Alison Rose tries to sever ties to her past.
The taxpayer-owned 62% lender formerly known as Royal Bank of Scotland is expected to tell staff this week that at least three of its oldest investment bankers will step down.
Scott Satriano, Head of Financial Solutions and Risk, is expected to leave NatWest Markets, which has around 5,000 employees; Kieran Higgins, Head of Stream Trading and Sales; and Oliver Cooke, digital director. The three represent a fifth of its management team.
Rose, 50, is shrinking investment banking, pushing NatWest further away from the “casino” era under disgraced former boss Fred “the