Alison Rose Salary & Net Worth 2023

Alison Rose is a prominent figure in the banking industry, having served as the chief executive officer (CEO) of NatWest Group from November 2019 to July 2023. She was the first woman to lead one of the big four banks in the UK and a champion of women entrepreneurship. However, she also faced controversy and criticism for her handling of some political issues, which eventually led to her resignation. In this article, we will explore Alison Rose’s salary, net worth, career, and personal life in 2023.

Salary and Net Worth

Alison Rose’s net worth is estimated to be around $5 million as of 2023. She made most of her fortune from her role as the CEO of NatWest Group, where she earned a total compensation of $1.4 million in 2022. This was a significant increase from her previous salary of $1.2 million in 2021.

However, Alison Rose’s salary also attracted criticism from some quarters, especially after NatWest Group reported a loss of $1.3 billion in 2020 due to the impact of the COVID-19 pandemic . Some shareholders and activists questioned whether her pay package was justified and aligned with the bank’s performance and social responsibility .

Career

Alison Rose started her career at RBS (later renamed as NatWest Group) in 1992 as a graduate trainee. She rose through the ranks and held various senior positions in the bank, including head of Europe, Middle East and Africa for markets and international banking, global head of international banking capital and balance sheet, deputy CEO of NatWest Holdings, and CEO of commercial and private banking.

In November 2019, Alison Rose became the CEO of NatWest Group, succeeding Ross McEwan. She was the first woman to hold the top role at one of the big four banks in the UK, as well as the first woman to lead a major British bank . She was also appointed as a dame commander of the Order of the British Empire (DBE) in 2020 for her services to women in business .

As the CEO of NatWest Group, Alison Rose oversaw a strategic transformation of the bank, focusing on digital innovation, customer service, sustainability, and diversity. She also launched several initiatives to support small businesses and entrepreneurs, especially women. In 2019, she led a government-backed review of the barriers to women starting a business and published The Rose Review, which proposed several recommendations to boost female entrepreneurship in the UK . She also sponsored NatWest’s Entrepreneur Accelerator programme, which provided mentoring and funding to start-up businesses across the UK.

However, Alison Rose’s tenure as the CEO of NatWest Group was not without challenges and controversies. In 2020, she faced scrutiny from regulators and lawmakers over the bank’s involvement in a money laundering scandal involving FinCEN files . In 2021, she faced backlash from customers and politicians over the bank’s decision to close accounts held by former UKIP leader Nigel Farage and other Brexit supporters . The bank claimed that it was following its risk appetite and compliance policies, but Farage accused it of political bias and censorship .

In July 2023, Alison Rose announced her resignation from NatWest Group after admitting that she had leaked a false story about Nigel Farage to the BBC. The story claimed that Farage did not have enough money to hold an account with Coutts, a subsidiary of NatWest Group. However, Farage denied this allegation and said that he had obtained evidence that his account was closed for political reasons. Alison Rose apologized to Farage and said that she had acted in a moment of frustration and regretted her actions. She also said that she had lost the confidence of the board and decided to step down.

Personal Life

Alison Rose was born in London in 1969. She graduated from Durham University with a degree in history in 1991. She is married to David Slade, a former banker who now runs a property development company. They have two children: a son and a daughter. They live in London and have a country home in Oxfordshire .

Alison Rose is known for her passion for history and art. She is a patron of the National Portrait Gallery and a trustee of the Tate Foundation. She also supports various charities and causes, such as the Prince’s Trust, the British Heart Foundation, and the Alzheimer’s Society.

Conclusion

Alison Rose is a remarkable woman who made history as the first female CEO of a major British bank. She had a successful and influential career in the banking industry, where she led several initiatives to promote innovation, sustainability, and diversity. She also championed women entrepreneurship and supported small businesses and start-ups. However, she also faced criticism and controversy for her handling of some political issues, which ultimately led to her resignation. She remains a respected and influential figure in the business world and a role model for many aspiring women leaders.

Most Asked Questions and Answers

Q: Who is Alison Rose?

A: Alison Rose is a former CEO of NatWest Group, a British banking group. She was the first woman to lead one of the big four banks in the UK and a champion of women entrepreneurship.

Q: How much is Alison Rose’s net worth? A: Alison Rose’s net worth is estimated to be around $5 million as of 2023. She made most of her money from her role as the CEO of NatWest Group, where she earned a total compensation of $1.4 million in 2022.

Q: Why did Alison Rose quit NatWest? A: Alison Rose quit NatWest after admitting that she had leaked a false story about Nigel Farage to the BBC. The story claimed that Farage did not have enough money to hold an account with Coutts, a subsidiary of NatWest Group. However, Farage denied this allegation and said that he had obtained evidence that his account was closed for political reasons. Alison Rose apologized to Farage and said that she had acted in a moment of frustration and regretted her actions. She also said that she had lost the confidence of the board and decided to step down.

Q: What is Alison Rose’s salary? A: Alison Rose’s salary was $1.4 million in 2022, which was a significant increase from her previous salary of $1.2 million in 2021. This was a combination of her base salary and company bonuses.

Q: What is Alison Rose’s education? A: Alison Rose graduated from Durham University with a degree in history in 1991. She also completed various executive education programmes at Harvard Business School, INSEAD, and London Business School.

Q: What is Alison Rose’s age? A: Alison Rose is 54 years old as of 2023. She was born in London in 1969.

Q: Is Alison Rose married? A: Yes, Alison Rose is married to David Slade, a former banker who now runs a property development company. They have two children: a son and a daughter.

Q: What are Alison Rose’s hobbies? A: Alison Rose enjoys history and art. She is a patron of the National Portrait Gallery and a trustee of the Tate Foundation. She also supports various charities and causes, such as the Prince’s Trust, the British Heart Foundation, and the Alzheimer’s Society.

Q: What are Alison Rose’s achievements? A: Alison Rose has many achievements in her career and personal life. Some of them are:

Becoming the first woman to lead one of the big four banks in the UK and a major British bank

Leading a strategic transformation of NatWest Group, focusing on digital innovation, customer service, sustainability, and diversity

Launching The Rose Review, a government-backed report on the barriers to women starting a business and proposing recommendations to boost female entrepreneurship in the UK

Sponsoring NatWest’s Entrepreneur Accelerator programme, which provided mentoring and funding to start-up businesses across the UK

Being appointed as a dame commander of the Order of the British Empire (DBE) in 2020 for her services to women in business

Q: What are Alison Rose’s challenges? A: Alison Rose faced many challenges in her career and personal life. Some of them are:

Facing scrutiny from regulators and lawmakers over the bank’s involvement in a money laundering scandal involving FinCEN files

Facing backlash from customers and politicians over the bank’s decision to close accounts held by former UKIP leader Nigel Farage and other Brexit supporters

Admitting that she had leaked a false story about Nigel Farage to the BBC and resigning from NatWest Group