Two new non-execs complete RBS board

The Royal Bank of Scotland has completed an overhaul of its board with the appointment of two non-executive directors. RBS has recruited Philip Scott, the outgoing finance director at the insurer Aviva, and the former Coca-Cola executive Penny Hughes.

RBS, which is 70 per cent state-owned after receiving a £20bn taxpayer-funded bailout last year, said the appointments fulfilled its pledge to the Government to recruit three new independent directors. The bank named Standard Life's Sandy Crombie as a non-executive in May.