Former Natwest chief executive Alison Rose (pictured) will get a £2.4m pay package for her 12-month notice period.
According to a statement from Natwest, Rose will continue to receive a salary of around £1.2m and a fixed share allowance of £1.2m in Natwest shares.
Rose is currently serving a notice period of 12 months after she admitted that she was the source behind a BBC story concerning the closure of Nigel Farage’s Coutts bank account.
The BBC story had alleged that the closure of the account was due to inadequate funds, but it transpired that the bank viewed Farage as a “reputational risk” due to his political views.
Natwest said that Rose will not be allowed to take on any new appointment with any third party during her notice period and that the payments she will receive during this time will be reviewed on a “continuing basis”.
Paul Thwaite, who has been appointed to the group chief executive role for a year subject to regulatory approval, will receive a salary of £1.05m and a fixed share allowance of £1.05m.
Thwaite is also eligible for an annual bonus up to a 100 per cent of his salary and restructured share plan award with a maximum value of 150 per cent of salary. This will be pro-rated in 2023 to reflect time spent in the role.
Natwest added that he will also be eligible for variable pay awards for his previous role as chief executive of commercial and institutional business.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.