ame Alison – or simply Ms Rose as she was on the time – made historical past in 2019 when she grew to become the primary lady to take the highest job at one of many UK’s massive 4 banks.

She took over a financial institution from New Zealander Ross McEwan, which had stabilised after the monetary disaster almost killed it.

But there have been nonetheless main challenges for the then 49-year outdated as she took the reins of the Royal Bank of Scotland (RBS) Group.

Seen as a details-oriented chief govt, in personal her staff would say that her grasp of what was occurring on the financial institution may depart them scrambling in response to her questions.

After the huge change below Mr McEwan, Dame Alison was seen as a continuity candidate whose consistency and popularity as a dependable banker would assist steer the financial institution by way of a much less turbulent time.

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In the six years previous her appointment, the group had seen its headcount cut back from 109,000 to 66,600 and it had withdrawn from 26 of 28 international locations.

But as she took cost for the primary time, it was clear Dame Alison needed to make an impression, complaining that the financial institution was nonetheless “far too complex” and that it was “difficult to get things done”.

However, one in all her first massive marks on the financial institution was, pretty cosmetically, to vary its identify from the scandal-ridden RBS model to NatWest.

RBS Group had briefly grow to be the world’s largest financial institution previous to the 2008 monetary disaster because of a spending spree which included shopping for NatWest in 2000 and Dutch financial institution ABN Amro in 2007.

But by 2020 the eponymous financial institution had been outshone by NatWest inside the group.

By then 80% of RBS Group’s clients banked with NatWest, not at RBS branches. It didn't escape eagle eyes that Dame Alison had additionally risen up in a 27-year profession at NatWest earlier than being appointed chief govt.

One of the opposite key duties for the chief govt was to supervise a sluggish transition again to non-public possession.

When her appointment was introduced, the Government nonetheless owned 62% of RBS Group, a legacy of the corporate’s monetary disaster bailout.

It was a gradual course of and by March final 12 months the Treasury lastly diminished its stake in NatWest Group to lower than half.

Perhaps two exterior points got here to dominate a lot of Dame Alison’s time as NatWest Group boss.

The first was a gradual swap away from the financial institution’s extra carbon-intensive enterprise.

Just three months into her tenure the group mentioned it will not present funding to grease majors except they'd a “credible plan” to make sure their companies have been in keeping with the Paris local weather settlement.

It adopted simply days after BP introduced a plan to maneuver to web zero, and pre-dated Shell’s personal related promise.

Since then NatWest has introduced a collection of additional ultimatums to its enterprise clients to set in place decarbonisation plans or discover one other lender. It has additionally promised billions of kilos in inexperienced funding.

Dame Alison in all probability anticipated to take care of local weather points when she took the highest job, however her massive unexpected problem was the Covid-19 pandemic.

Alongside different lenders, NatWest was on the forefront of the Government’s plan to prop up the economic system throughout lockdowns.

By July 2020, NatWest had already lent £5.8 billion to smaller companies by way of the bounce again mortgage scheme, and an additional £2.3 billion in coronavirus enterprise interruption scheme loans.

That month NatWest posted a £770 million loss for the primary six months of the 12 months, after it put aside a mammoth £2.1 billion to cowl loans it thought may go dangerous largely because of the financial shocks of the pandemic.

In 2021 NatWest introduced it will exit Ireland, finally deciding to promote Ulster Bank to PTSB.

Later within the 12 months it was hit with a £264 million effective within the first-ever prison prosecution of a financial institution below UK anti-money laundering legal guidelines.

In the 2022 New Year Honours record, Dame Alison was recognised for companies to monetary companies.