"eight months before British Land and other REITs 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."" Hester was appointed non-executive deputy chairman of the newly nationalised Northern Rock by Chancellor of the Exchequer Alistair Darling in March 2008, a role which he resigned from in September 2008 to take a non-executive position on the board of Royal Bank of Scotland. In November 2008, he left British Land and replaced Fred Goodwin as Chief Executive of the RBS Group. Hester was"
"Stephen Hester Stephen A. M. Hester (born 14 December 1960) is an English businessman and former banker, the chief executive officer (CEO) of RSA Insurance Group and former CEO of the RBS Group. Hester is the eldest son of Ronald, a chemistry professor at the University of York, and Dr Bridget Hester, a psychotherapist. He grew up in the village of Crayke in North Yorkshire. He was educated at Easingwold School in North Yorkshire a rural comprehensive school, and at Oxford where he studied at Lady Margaret Hall, and after chairing the Tory Reform Group, graduated with a first class"
"which he owns a chalet in Verbier, Switzerland. Hester also enjoys horse riding, and his first wife is a master of fox hounds in Warwickshire. He is quoted as having said: ""It’s very important to keep our marriage together that I do the same as she does."" Stephen Hester Stephen A. M. Hester (born 14 December 1960) is an English businessman and former banker, the chief executive officer (CEO) of RSA Insurance Group and former CEO of the RBS Group. Hester is the eldest son of Ronald, a chemistry professor at the University of York, and Dr Bridget Hester, a"
"and the record-breaking £24bn loss in 2008. The bonuses for staff in 2010 topped £950 million. The CEO Stephen Hester got £8 million in payments for the year. Len McCluskey, the general secretary of Unite the Union, said: ""Taxpayers will be baffled as to how it is possible that while we own 84% of this bank it continues to so handsomely reward its investment bankers."" In October 2011, Moody's downgraded the credit rating of 12 UK financial firms including RBS blaming financial weakness. In January 2012, there was press controversy about Hester's bonus—Hester was offered share options with a total"
"in the procession of the transition, Hester would receive 12 months' pay and benefits worth £1.6 million, as well as the potential for £4 million in shares. The RBS stated that, as of the announcement, the search for Hester's successor would commence. Ross McEwan, the head of retail banking at RBS, was selected to replace Hester in July 2013. On 4 August 2015 the UK government began the process of selling shares back to the private sector, reducing its ownership of ordinary shares from 61.3% to 51.5% and its total economic ownership (including B shares) from 78.3% to 72.9%. On"
"honours degree in Philosophy, Politics and Economics. Hester began his career in 1982 with Credit Suisse, where he started as the chairman's assistant. 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 the 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,"
"turned down his own bonus shortly after. In June 2012 a failure of an upgrade to payment processing software meant that a substantial proportion of customers could not transfer money to or from their accounts. This meant that RBS had to open a number of branches on a Sunday – the first time that they had had to do this. RBS released a statement on 12 June 2013 that announced a transition in which CEO Stephen Hester would stand down in December 2013 for the financial institution ""to return to private ownership by the end of 2014"". For his part"
"Group's Ulster Bank as CEO UK Retail and Wealth Management. After 2 years with RBS, Hartzer returned to Australia. In November 2014, he was announced as the CEO to succeed Gail Kelly as CEO, Australian Financial Services, at Westpac Group in February 2015. Brian Hartzer Brian Hartzer (born 1967) s an Australian business executive who currently serves as the Managing Director and CEO of Westpac. He graduated from Princeton University with a Bachelor of Arts degree in European history. Hartzer began his career as a consultant at First Manhattan Consulting Group (FMCG), working in New York, San Francisco and Melbourne."
"(now Santander UK), and was a main board director from 2005. In June 2009, Bostock returned to RBS as the ""new right-hand man"" to CEO Stephen Hester, tasked with trying to sell off non-core assets. He joined RBS as head of restructuring and risk, later becoming group chief risk officer and then finance director. In 2011 he turned down a move to head up the wholesale division of Lloyds Banking Group, reportedly due to the ill-health absence of their chief executive, António Horta Osório. He resigned after only ten weeks as finance director. Bostock joined Santander UK as deputy CEO"
"billion in assets (2015) and a market capitalization of over $3 billion. Its network includes over 177 branches and 316 ATMs located in Connecticut, Massachusetts, Rhode Island and Westchester County, New York. Webster Bank Webster Bank is a US commercial bank based in Waterbury, Connecticut. It has 177 branches and 316 ATMs located in Connecticut, Massachusetts, Rhode Island and Westchester County, New York. Webster was founded in 1935 by Harold Webster Smith as the ""First Federal Savings of Waterbury"" in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to"
"Paul Pester Paul David Pester (born 14 January 1964) is a British banker. He was chief executive officer (CEO) of TSB Bank from 2013 to 2018. Pester grew up in Plymouth. He was educated at Tamar High School, Plymouth. He has a first class honours degree in physics from the University of Manchester, and a doctorate (DPhil) in mathematical physics from Brasenose College, University of Oxford in 1988. Pester was employed by McKinsey & Co as a management consultant, before running Virgin Money, and then working in various senior roles for Lloyds TSB, Santander and Lloyds Banking Group. Pester was"
"will be paid an annual salary of £950,000, less than the £1.2m a year he earned at RBS. However, he will be granted an initial award under RSA's long-term incentive plan of £2.85m, or 300% of salary, and will be eligible for an annual bonus of 160% of his salary, or £1.52m. Hester married Canadian-born Barbara Abt in 1991, and they had two children together. They met when both were working for Credit Suisse. They separated in 2010. In September 2012, Hester married Suzy Neubert, a former banker and wealth manager for the fund manager JO Hambro, and it was"
"Alliance and Royal Insurance in 1996. Sun Alliance was itself a product of the merger in 1959 of The Sun Fire Office, the oldest documented insurance company in the world, founded in 1710, with The Alliance, which was founded in 1824 by Nathan Mayer Rothschild and Moses Montefiore. Sun Alliance went on to acquire London Assurance in 1965 (becoming Sun Alliance & London) and Phoenix Assurance in 1984. On 4 February 2014, it was announced that Stephen Hester, former CEO of RBS Group would become CEO of RSA with immediate effect. In 2014/2015 New CEO Stephen Hester led a major"
"Webster Bank Webster Bank is a US commercial bank based in Waterbury, Connecticut. It has 177 branches and 316 ATMs located in Connecticut, Massachusetts, Rhode Island and Westchester County, New York. Webster was founded in 1935 by Harold Webster Smith as the ""First Federal Savings of Waterbury"" in Connecticut. Only 24 years old, Smith borrowed from family and friends to found the lending institution providing home loans to Connecticut citizens. He served as CEO until 1987 and as chairman of the board until 1995 when First Federal was renamed Webster Bank in his honor. ""Among milestones in Webster’s history:"" 1935:"
"1989 until 1993, a Visiting Assistant Professor of Finance at the Columbia Business School until 1994, and Assistant Professor of Finance at the Washington University in St. Louis until 1998. He is currently, and since 2002, Professor of Finance at the University of Maryland, at College Park. Heston is known for analyzing options with stochastic volatility. From 1998 to 2002, Heston worked as Vice President of U.S. Arbitrage and also of Quantitative Equities, in Goldman Sachs, New York. Heston is the originator of the eponymous Heston model, a mathematical formulation describing the evolution of an underlying asset's volatility. Steve Heston,"
"Earnest (company) Earnest is a technology-enabled fintech lender, headquartered in San Francisco that offers personal loans and student loan refinancing. The company uses software and algorithms to evaluate a person’s full education, employment, and financial profile, looking beyond a traditional credit score (also known as a FICO score) in order to obtain a complete financial profile of each applicant. This type of credit is referred to as ""merit-based lending."" Earnest was co-founded in 2013 by Louis Beryl, a former partner at Silicon Valley VC firm Andreessen Horowitz, and by Benjamin Hutchinson, who was Head of Commercial Finance at BBC and"
"announced that John Flint, Chief Executive of Retail Banking and Wealth Management, would succeed Stuart Gulliver as Group Chief Executive on 21 February 2018. HSBC has its world headquarters at 8 Canada Square in Canary Wharf, London. HSBC has a significant presence in each of the world's major financial markets, with the Americas, Asia Pacific and Europe each representing around one third of its business. HSBC is the largest bank in Hong Kong and prints most of Hong Kong's local currency in its own name. As of 2014, according to Relsbank, HSBC was the fourth-largest bank in the world by"
"they feared Mr Hester and much of the board would have quit if the payment had been vetoed by the government as the majority shareholder. Hampton made the decision to turn down his £1.4m bonus before the uproar over Stephen Hester's bonus. Philip Hampton Sir Philip Roy Hampton (born 5 October 1953) is a British businessman, and the current chairman of GlaxoSmithKline. Originally he joined RBS as the deputy chairman on 19 January 2009 and was promoted to chairman on 3 February the same year. He has previously held the chairman role at J Sainsbury plc, parent company of the"
"Award and named ShoreBank one of 45 Social Entrepreneurs Who Are Changing the World in 2008. Hasten was replaced by George Surgeon as CEO in November 2009 Hasten began his banking career in the training program at the former American National Bank in 1975. From 1984 to 1991, Hasten ran the Midwest United States operations of the Standard Chartered Bank, and from 1991 to 1995, was the CEO of the bank's South Korean and Indonesian operations. Hasten joined the former Mercantile Bancorporation in 1995 as president of the St. Louis, Missouri bank, its lead bank, and of corporate banking system-wide."
"government's shareholding in banks subscribing to its recapitalisation fund. He resigned to join RBS in January 2009. Hampton was knighted in the New Year Honours 2007. In December 2009, the board of RBS warned their major shareholder, the British public, that they would resign unless they were permitted to pay bonuses of £1.5bn to staff in its investment arm. The matter received heavy criticism because it followed a £42bn taxpayer bailout of the banking system. In January 2012, the board of RBS paid a bonus of £963,000 to Stephen Hester, the then chief executive. The Treasury permitted the payment because"
"He also said he would tackle ""vested interests"", citing energy and rail companies. Following the announcement in late January 2012 that the chief executive officer of the nationalised Royal Bank of Scotland, Stephen Hester, would receive a bonus worth £950,000, Miliband called the amount ""disgraceful"", and urged David Cameron to act to prevent the bonus. Cameron refused, saying it was a matter for the RBS board, leading Miliband to announce that Labour would force a Commons vote on whether or not the government should block it. Hester announced that he would forego his bonus, and Miliband said Labour would carry"
"can visit the website at: http://www.jehpancreaticfoundation.org/index.html. Joseph E. Hasten Joseph E. Hasten (February 25, 1952 – November 1, 2011) was the President and CEO of ShoreBank, America's first and leading community development and environmental bank founded in 1973 in Chicago, Illinois and named one of Fast Company's 45 Social Entrepreneurs Who Are Changing the World in 2008. Hasten led ShoreBank's socially responsible investing in the under-served urban neighborhoods of Chicago, Illinois; Cleveland, Ohio; and Detroit, Michigan. Previously, Hasten was the vice-chairman of U.S. Bancorp. Hasten joined ShoreBank as CEO in May 2007. Soon after, Hasten and ShoreBank mounted an effort"
"""nextgen banking"" focusing on Small and Medium Enterprises (SMEs). As part of that, Tyro is lobbying for a more open data exchange in the traditional banking industry. Tyro is a regular contributor to the national discussion of financial services regulation and it participates on the Prime Minister's advisory panel. On 1 April 2017, Tyro received the authority to call itself a ""bank."" In February 2017, Tyro became the first bank to implement payments via Siri. In October 2016, Tyro appointed Gerd Schenkel, founder of UBank and Telstra Digital as its new CEO. Gerd resigned in June 2017. In January 2018,"
"Steven L. Heston Steven ""Steve"" L. Heston is an American mathematician, economist and financier. He's also prominently active in the field of gambling-related research, where he sometimes uses the ""nom de plume"" Kim Lee. Steve Heston studied Mathematics and Economics at the University of Maryland, wherefrom he obtained his B.S. In 1985, he completed his M.B.A. studies in Industrial Administration at the Carnegie Mellon University's Graduate School of Industrial Administration. From the same university, Carnegie Mellon, in 1987, he received his M.S. in Finance and in 1990 his Ph.D. Heston was at the Yale School of Organization and Management from"
"Joseph E. Hasten Joseph E. Hasten (February 25, 1952 – November 1, 2011) was the President and CEO of ShoreBank, America's first and leading community development and environmental bank founded in 1973 in Chicago, Illinois and named one of Fast Company's 45 Social Entrepreneurs Who Are Changing the World in 2008. Hasten led ShoreBank's socially responsible investing in the under-served urban neighborhoods of Chicago, Illinois; Cleveland, Ohio; and Detroit, Michigan. Previously, Hasten was the vice-chairman of U.S. Bancorp. Hasten joined ShoreBank as CEO in May 2007. Soon after, Hasten and ShoreBank mounted an effort to offer mortgage refinancing to many"
"in August 2014, and became CEO in September 2014, succeeding Ana Patricia Botín. In January 2018, the Liberal Democrat leader Sir Vince Cable stated in Parliament that Bostock had been responsible for RBS's Global Restructuring Group (GRG), when it had ""engaged in an intentional strategy that resulted in mistreatment of business customers"". Bostock is married, with two sons, and has a farm near Maidstone, Kent. Nathan Bostock Nathan Mark Bostock (born October 1960) is a British banker, and the CEO of Santander UK. Nathan Mark Bostock was born in October 1960. He has a bachelor's degree in mathematics. Bostock started"
"John P. Webster John Phillip Webster is a Canadian bank executive The Bank of Nova Scotia (Scotiabank), serving as President & CEO of the Scotia Mortgage Authority. The Scotia Mortgage Authority are the number 1 provider of retail mortgages in Canada. He formerly served as the President & CEO of Maple Trust, who were acquired by Scotiabank in 2006. John was born in Drummondvile, Quebec, although he grew up in Perth, Ontario. He attending Wilfrid Laurier University, a member of the 1978 Yates Cup team, and went on to study law at McGill University. Webster is active in the Liberal"
"Steven Parker (UK) Steven John Parker is a British entrepreneur and financial expert. From 2016, he has been a non-executive director of the supervisory board of Citibank. Parker is also a Board Advisor at Praesta Partners LLP, and a former General Manager of Visa. In 2018, Parker was appointed CEO at Crypterium, a crypto banking platform, developed for the purpose of enabling cryptocurrency usage in the same way as fiat money is used. Parker holds a Master's Degree from the University of Oxford, he majored in French and Philosophy. In addition to his native English, Steven is fluent in French"
"faced fines for late payment of bills because the system could not process direct debits. Stephen Hester, CEO of the RBS Group, said that the problem was caused by a software upgrade. Unite union leaders criticised Hester's management of the episode, but Hester denied that the outsourcing of IT services to India was a factor in the problem, saying that the bank's IT services were mostly based in Edinburgh. A spokesman for the RBS group said that the problem had occurred in the UK. Completions of new home purchases were delayed, and some people were stranded abroad. Another account holder"
"He became vice chairman in 1999 for all wholesale banking when the former Firstar Corporation took over Mercantile, and assumed control of corporate banking with U.S. Bank after it merged with the Firstar in February 2001. He served as vice-chairman of U.S. Bancorp until August 2005. Hasten received his B.A. in 1974 from Fairfield University in Fairfield, Connecticut and M.B.A. in 1978 from the Kellogg School of Management at Northwestern University in Chicago, Illinois. Hasten died of pancreatic cancer on November 1, 2011. In honor of his memory, his family has started the JEH Foundation for Pancreatic Cancer Research. You"
"two lion statues in front of the HSBC Main Building in Hong Kong is named Stephen in memory of Alexander Gordon Stephen. A. G. Stephen Alexander Gordon Stephen, JP (14 September 1862 – 27 August 1924) was the chief manager of the Hongkong and Shanghai Banking Corporation. He was born in Banff, Aberdeenshire on 14 September 1862. After he served an apprenticeship at the Town and Country Bank in Aberdeen, he joined the London office of the Hongkong and Shanghai Banking Corporation in 1882. He arrived in Hong Kong on 27 August 1885. He was transferred to Batavia, Singapore and"
"of approximately $4.8 billion. Global head office is located in London, UK. North American head office is located in Toronto, Canada and New York, NY, USA. Finastra Finastra is the third largest financial technology company in the world. The firm was formed in late 2017 through the combination of D+H and Misys, after Vista Equity Partners acquired Misys in June 2012 and subsequently purchased D+H in 2017. Finastra is led by chief executive officer, Simon Paris, who was appointed in June 2018. The company has offices in 42 countries with U.S. $2.1 billion in revenues. The company employs over 10,000"
"Bank and becomes the leading bank administrator and trustee of health savings accounts in the nation. 2006: Webster acquires NewMil Bank. 2016: Webster acquires 17 Citibank branches in the Boston area and adds additional ATMs to support the network Webster Financial Corporation is the holding company for Webster Bank, N.A. and Webster Insurance. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation, the insurance premium finance company Budget Installment Corporation, Webster Capital Finance, and provides health savings account trustee and administrative services through HSA Bank of Sheboygan, WI, a division of Webster Bank. Webster Bank has over $24"