Royal Bank of Scotland is likely to downgrade the role of head of
PR in its UK corporate and institutional banking division, following the
departure of Stuart Prosser.
Prosser left the bank before Christmas to become director of corporate
affairs at insurance giant, Guardian Royal Exchange. He was recruited by
RBS four years ago to set up the communications function in corporate
and institutional banking, a growing area of business.
The bank has now decided to appoint its first director of marketing for
UK corporate and institutional banking.
PR is likely to report to the marketing director under the new
structure, while Prosser, who oversaw a team of three, reported directly
to the division’s finance director.
Prosser’s number two, Cameron Stuart, is currently filling Prosser’s
shoes - the job covers internal and media relations for the 20
businesses within the division.
Prosser takes over a five-strong corporate communications team at
The company is in the middle of a strategic review. It is the UK’s fifth
largest insurance group, with 17,500 employees worldwide. An
announcement to the City is expected before the end of this month as to
whether it will remain independent.
’Obviously, this is occupying all my time,’ said Prosser, who is working
very closely with the investor relations team. ’Corporate communications
is responsible for the positioning of all the GRE companies to internal
and external audiences.’
Prosser reports to chief executive John Robins and handles board-level
strategy and implementation. Finsbury and Dewe Rogerson are retained
with no plans to review.
Prosser was previously vice president of corporate communications for
Europe, Africa and the Middle East at Chase Manhattan.