NatWest Markets names new CEO

Individual was previously deputy CEO; previous chief executive had held the role officially since 2020.

NatWest Group has named Jonathan Peberdy as chief executive of NatWest Markets, following 11 months as deputy CEO.

The appointment is subject to regulatory approval.

Jonathan Peberdy

Peberdy has been with the business for 25 years and has previously served as head of capital markets.

Peberdy succeeds Robert Begbie, chief executive, commercial and institutional. NatWest Markets confirmed that Robert Begbie would assume the role of CEO permanently back in June 2020, having led the business on an interim basis since December 2019.

At the time, his appointment was a key feature of the first major leadership restructure by Alison Rose, the chief executive of RBS.

Speaking to the appointment, Begbie said: “I’m delighted to appoint Jon to lead our Markets business, where he will play a crucial role in building out the next phase of the franchise. Jon brings a wealth of experience and skills to the role, and I look forward to working closely with him to build on our success.”

Following appointment, Peberdy will also be an executive director and a member of the NatWest Markets board.