Rose unveils payments deal in first move as new RBS boss
New era: Alison Rose takes over at RBS (pic: Terry Murden)
Alison Rose is preparing to kick off her tenure at the helm of Royal Bank of Scotland by announcing a new partnership in international payments.
RBS has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in Pollinate that will operate in the global merchant services market.
Pollinate has been working in partnership with RBS to develop Tyl by NatWest, an innovative merchant acquiring proposition for SMEs, launched in May and now available to its SME customers in England and Wales.
Ms Rose, who takes up the top job tomorrow, is deputy CEO of NatWest Holdings and CEO of Commercial & Private Banking at RBS. She said: “I am hugely excited to announce the creation of a global merchant services company with Mastercard, Motive Partners and EFM Asset Management.
“We are committed to continually improving the products and experiences that we deliver to our customers, and the creation of Pollinate represents an innovative and successful approach of working with partners to do this.”
Ms Rose becomes the first female CEO of a big four bank, succeeding Ross McEwan.