# NatWest appoints former Nationwide CFO to its UK bank board
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2023-09-01
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: NatWest appoints former Nationwide CFO to UK bank board
Meta Description: Former Nationwide CFO Mark Rennison joins NatWest board; non-executive director at NatWest Holdings overseeing retail, commercial, wealth banking units
URL: https://startupobserver.com/natwest-appoints-former-nationwide-cfo-to-its-uk-bank-board/

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LONDON (Reuters) – NatWest has appointed Mark Rennison, a former Nationwide Building Society Chief [Financial](https://startupobserver.com/banks-delayed-handling-of-losses-worsen-financial-crises/) Officer, to the [board](https://startupobserver.com/adidas-hr-chief-latest-board-member-to-leave-since-arrival-of-gulden-as-ceo/) of its ring-fenced retail bank, the British lender said on Friday.

Rennison will serve as a non-executive independent director on the board of [NatWest](https://startupobserver.com/britain-chips-away-at-natwest-stake-with-1-6-billion-share-sale/) Holdings Limited (NWH), which contains the lender’s retail, commercial and wealth banking businesses.

Those units were separated from other riskier banking divisions at British banks following post-2008 [financial](https://startupobserver.com/banks-delayed-handling-of-losses-worsen-financial-crises/) crisis rules aimed at protecting individual savers and small businesses.

Rennison’s appointment follows Graham Beale stepping down from the NWH [board](https://startupobserver.com/adidas-hr-chief-latest-board-member-to-leave-since-arrival-of-gulden-as-ceo/) on Aug. 31, as NatWest announced in April.

(Reporting By Lawrence White; editing by David Evans)


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