RBS could refer to:

Art[link]

• Rolling Ball Sculpture
• Royal British Society of Sculptors

Banking[link]

• Royal Bank of Scotland - Scottish high street bank
  • Royal Bank of Scotland Group - A majority British state owned Scottish holding company, which owns Royal Bank of Scotland, National Westminster Bank and others

Broadcasting[link]

• Radio Base Station
• RBS TV, a Brazilian regional television network

Computers[link]

• Role based security
• Rule-based system
• Remote BLOB Storage

Defence[link]

• RBS-15, a long-range fire-and-forget surface-to-surface and air-to-surface, anti-ship missile.
• RBS-70, an air-defence weapon

Education[link]

• Regent's Business School
• Robert Browning School
• Rotterdam Business School
• Royal Ballet School
• Rutgers Business School
• Riga Business School

Project management[link]

• Resource Breakdown Structure
• Risk breakdown structure

Miscellaneous[link]

• FC Red Bull Salzburg, an Austrian football club
• Ramat Beit Shemesh
• Regionalverkehr Bern Solothurn - Railway Operator in Switzerland
• Revised British Standard, a bullhead rail profile
• Ribosomal Binding Site
• Richard Brinsley Sheridan
• Robbed-bit signaling
• Rutherford backscattering spectrometry (analytical technique)

Spaceflight[link]

• Reusable Booster System

This disambiguation page lists articles associated with the same title. If an internal link led you here, you may wish to change the link to point directly to the intended article.

Stephen Hester (born 14 December 1960), is currently the Chief Executive Officer of The Royal Bank of Scotland Group.^[2]

Early life[link]

Hester is the eldest son of a university professor. He was educated at Easingwold School in North Yorkshire a rural comprehensive school, and at Oxford where he studied at Lady Margaret Hall, Oxford, and after chairing the Tory Reform Group, graduated with a first class honours degree in Philosophy, Politics and Economics.^[2]

Career[link]

Hester began his career in 1982 with Credit Suisse, where he started as chairman’s assistant.^[2] In 1996 he was appointed to the executive board. Hester held the position of Chief Financial Officer and Head of Support Division, until May 2000. From May 2000 to September 2001, he was Head of Fixed Income Division.

In May 2002 he joined Abbey National as Finance Director. He then went on to become Chief Operating Officer, a position he held until November 2004, when he was appointed Chief Executive of British Land. In early 2007, eight months before British Land and other REIT's were caught in the commercial property slump, he said: "I don't believe we are about to see a market decline, but the period of sharp growth is over."^[3]

Hester was appointed non-executive deputy chairman of the newly-nationalised Northern Rock by Chancellor of the Exchequer Alistair Darling in March 2008,^[4] a role which he resigned from in September 2008 to take a non-executive position on the board of Royal Bank of Scotland.^[5]

Royal Bank of Scotland[link]

In November 2008 he left British Land and on 21 November 2008 replaced Fred Goodwin as Chief Executive of the RBS Group. Hester is paid an annual salary of £1.2 million by RBS.^[1] Alongside this, he took home £6.5m in bonus and pension payments in 2010.^[6] In 2012 he was offered a bonus of just under £1 million, following some considerable pressure from politicians and the public, he declined the bonus.^[7]

In December, 2009, the board of RBS, in which the United Kingdom government has an 84% stake, threatened to resign unless they were permitted to pay bonuses of £1.5bn to staff in its investment arm.^[8] The matter received heavy criticism because it followed a £850bn taxpayer bailout of the banking sector.^{[citation needed]} The Chancellor of the Exchequer, Alistair Darling, said he would not be "held to ransom".^[9]

Personal life[link]

In 2010 Hester separated from his wife,^[10] fellow banker the Canadian Barbara Abt. The couple, who met while both working at Credit Suisse, have two children. The family home is in Holland Park, west London, but they also have a 350 acre estate in Oxfordshire, Broughton Grange.^[11] One of Hester's passions is said to be the garden of Broughton Grange and development of its arboretum, which was designed by landscape architect Tom Stuart-Smith and includes pleached limes, formal beds and five of the first batch of Australian Wollemi pines ever to be brought into the UK.^[2] Hester is a trustee of the Royal Botanic Gardens, Kew.^[12]

Hester enjoys tennis, running, shooting and skiing, which for the latter he owns a chalet in Verbier, Switzerland. Hester also enjoys horse riding, as his wife is a master of fox hounds in Warwickshire: "it’s very important to keep our marriage together that I do the same as she does."^[2]

References[link]

External links[link]

• Broughton Grange official website