Paul Thwaite succeeds Dame Alison Rose, who stepped down in the wake of the debanking row last year.
NatWest Group has appointed Paul Thwaite as its permanent chief executive, as it revealed its highest yearly profit since before the 2008 financial crisis.
Mr Thwaite succeeds Dame Alison Rose, who stepped down in the wake of the debanking row last year.
The board of NatWest said the new boss was an “outstanding candidate and the right person to shape the future of NatWest”.
Meanwhile, the banking group revealed an operating pre-tax profit of £6.2 billion over 2023, higher than analysts had estimated and the highest profit since just before the global financial crisis in 2007.
It was also up by a fifth compared with 2022, with the bank benefiting from rising interest rates pushing up the cost of borrowing.
Paul Thwaite became NatWest’s interim boss in July. He was previously running the bank’s commercial business.
