The Royal Bank of Scotland (RBS) has appointed Scott Barton as CEO of the Global Transaction Services (GTS) division.
Scott will report to Chris Sullivan, CEO, Corporate Banking Division, RBS and will work closely with Brian Stevenson, previously CEO and now Chairman of GTS.
Scott has 16 years of banking experience with RBS and previously served as CEO of the RBS Large Corporate Division.
GTS provides a combination of global cash and liquidity management, global trade services and commercial cards to corporate clients and financial institutions in around 40 countries. In the latest full year financial results published by the bank it contributed 12% of RBS profits.
Chris Sullivan, CEO, Corporate Banking Division, RBS, said:" Scott brings a wealth of knowledge and experience to this role, which will be invaluable as we continue to build a leading global transaction banking service for our clients."
Scott Barton, CEO, Global Transaction Services, RBS said: "I look forward to working with Chris Sullivan and the GTS business. There are exciting challenges ahead for the transaction banking business, which remains a core part of RBS and a significant contributor to the group's profitability."
In his new role as Chairman Brian will work with industry participants, market infrastructure bodies, regulators and technology providers to assess how best GTS can work with these providers to meet objectives.
In addition to the new CEO and Chairman, Richard Hemsley will be appointed as the GTS Chief Operating Officer (COO), reporting directly to Scott Barton. Richard currently works as COO in RBS Business Services division, with experience in business support areas, including technology and operations.