Stephen Hester likes a challenge. The former Credit Suisse banker took charge of Royal Bank of Scotland after its 2008 bailout. Later, he offloaded peripheral businesses at RSA and sold the insurer for 7 billion pounds .
the 61-year-old Brit as its next chair. It’s probably no coincidence that activist investor Cevian Capital, which owned shares in RSA, has a 5% stake in the $52 billion Helsinki-based lender.
M&A is unlikely given the region’s concentrated banking markets. And the group probably met its 2022 financial targets a year early, UBS analysts reckon. Its new priorities are likely to involve maintaining revenue growth while keeping a lid on costs. Given Hester’s bulging portfolio of
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