RBS CFO Says Job Cuts ‘Inevitable’ in Digital Transformation
- Executive says many mid-cap companies underprepared for Brexit
- Digitization will create a better bank by 2020, CFO says
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Royal Bank of Scotland Group Plc Chief Financial Officer Ewen Stevenson signaled further job cuts as Britain’s biggest government-owned lender accelerates its investment in technology.
“The bank is moving into a different phase,” Stevenson, 51, said in an interview with Bloomberg Television in London. The transformation “creates a better bank in 2020, a better bank equipped for digitization,” he said.