![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/natwest-boss-dame-alison-rose-quits-after-row-over-nigel-farage-account/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/130517864_rosepa.jpg&description=Image source, PA Media The chief executive of NatWest, Dame Alison Rose, is to step down after coming under pressure in the row over Nigel Farage's bank account. She had been heavily criticised for being the source of an inaccurate BBC report about the leading Brexiteer's account at Coutts, which is part of NatWest Group. NatWest chairman Howard Davies said she was leaving by mutual consent. Dame Alison had admitted a "serious error of judgment". 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. In a separate statement, Dame Alison thanked her colleagues "for all that they [had] done", saying: "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." Earlier, she apologised for discussing the closure of Nigel Farage's account at NatWest's private banking arm Coutts with a BBC journalist, saying it was a "serious error of judgement". That apology came after the BBC apologised for its inaccurate report earlier this month which said Mr Farage's account was being closed because he no longer met the wealth threshold for Coutts, citing a source familiar with the matter. On Tuesday evening Downing Street and Chancellor Jeremy Hunt expressed "significant concerns" over her conduct, BBC News was told. Mr Farage, the former leader of the UK Independence Party, first reported in early July that his account had been closed){kind=link}
The chief executive of NatWest, Dame Alison Rose, is to step down after coming under pressure in the row over Nigel Farage’s bank account.
She had been heavily criticised for being the source of an inaccurate BBC report about the leading Brexiteer’s account at Coutts, which is part of NatWest Group.
NatWest chairman Howard Davies said she was leaving by mutual consent.
Dame Alison had admitted a “serious error of judgment”.
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.